Uploaded on Mar 28, 2022
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Table of Content
Business
GST
ITR
Accounting
Other
Business
The term business refers to an organization or
enterprising entity engaged in commercial,
industrial, or professional activities. Businesses
can be for-profit entities or they can be non-
profit organizations that operate to fulfill a charitable
mission or further a social cause.
GST
The goods and services tax (GST) is a tax on goods
and services sold domestically for consumption.
The tax is included in the final price and paid by
consumers at point of sale and passed to the
government by the seller. The GST is a common tax
used by the majority of countries globally.
ITR
Income Tax Return (ITR) is a form which a person
is supposed to submit to the
Income Tax Department of India. It contains
information about the person's income and the taxes
to be paid on it during the year.
Accounting
Accounting is the recording of financial transactions
along with storing, sorting, retrieving, summarizing,
and presenting the results in various reports and
analyses. Accounting is also a field of study and
profession dedicated to carrying out those tasks.
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