Lesson

  1. Required Documents Latest Electricity Bill of the principal place of Business Latest Photograph Scanned copy of signature Cancelled cheque  Address proof for principal place of business
  2. Professional tax is a direct tax that is deducted from your gross salary by your employer. Because it is imposed by the state government, the tax you pay will differ according on the state you reside in. There is a maximum amount of Rs. 2500 that you might be charged.
  3. When the amount owed to the selling decreases, the seller issues credit notes to the buyer. The seller acknowledges the amount that must be returned to the buyer or any modifications that will be made in the subsequent transaction by giving the buyer a credit note.
  4. A debit note is a document that the vendor gives to the buyer informing them of their outstanding debts. It can also be made by the customer when they return items that they were given on credit because of problems or defects. This debit note contains all the information on the returned things, such as the reason for the return, the date of purchase, the quantity of items, etc.