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Income Tax Relief Measures in India Amid COVID-19

During the COVID-19 pandemic, the central and many state governments are in the thick of the action to provide tax relief to taxpayers. This article offers an overview of the recent Direct and Indirect Key income tax relief provided by the government. Take a look! A. Direct Tax Return Filing OF Income The due date for filing late and revised returns of income for the assessment year 2019-20 was extended from 31 March to 30 June 2020. Additionally, the due date of all income-tax return for FY 2019-20 is extended from 31 July 2020 and 31 October 2020 to 30 November 2020 and tax audit from 30 September 2020 to 31 October 2020. The timeline for linking Aadhaar with PAN [...]

By |2020-09-08T13:46:04+00:00September 7th, 2020|Business, Finances, goods and services tax, GST, Tax, Uncategorized|0 Comments

5 Different Ways to Remotely Access Tally

Tally has been at the helm of accounting and continues to be so as long as it keeps updating its software to match the latest technology. It has time and again given us new methods to access Tally online. We are here to discuss five of the most effective ways to access Tally.ERP remotely. Remote access has quite a few benefits, starting with increased productivity. Being able to view a report, carry out transactions, as well as audit documents from anywhere, makes things easier. But rather than taking our word for it, why not judge the benefits of Tally Remote Access for yourself? The administrator/owner has complete access to the Tally data, and that person can give remote access to [...]

By |2020-09-07T10:50:48+00:00September 5th, 2020|Business, Finances, Softwares, Technology|0 Comments

Best Practices For Cost Management Amid COVID-19

Undoubtedly, COVID-19 pandemic has resulted in a cost management exercise for many companies. Particularly under the present scenario, most of the organizations (especially MSMEs sectors) are facing challenges to survive due to fewer earnings and unavoidable costs. Under such unprecedented circumstances, only those organizations will survive that can effectively manage their costs, cash flows, and working capital. As the impact of the pandemic extends, all functional leaders face pressure to cut the costs, but at the same time, it is critical too to avoid thoughtless responses. In this article, we would like to discuss the cost management process that includes several best practices on how to manage costs in times of COVID-19. Tips For Effective Cost Management Working Capital Management [...]

By |2020-08-24T10:21:34+00:00August 24th, 2020|Business, Finances, Softwares|Comments Off on Best Practices For Cost Management Amid COVID-19

Tally Integration: Why is it Required?

Tally is the most used software for accounting and additional business functions. Through Tally integration, you can easily import and export data from one software to another. Most small and large companies use Tally to organize their information. MIS, BI, and accounting are inter-connected systems that are essential to a streamlined and integrated business operation. Together, they give you the power to accomplish any task and analyze business insights. By Tally integration, you now have complete visibility of all your business data. It not only helps day-to-day management of your business, but also enables the workforce to make important business decisions. Tally provides three different APIs that you can use to integrate with other business applications. The three APIs are [...]

By |2020-07-31T10:45:29+00:00July 30th, 2020|Business, Finances, Softwares, Technology|Comments Off on Tally Integration: Why is it Required?

How is the Role of Finance Professionals Changing With Times?

In the wake of unprecedented changes due to sudden eruption of COVID-19 pandemic, disruptions in technology, diverse workforce and other factors, the role of the finance function is expanding. It is far more than crunching the numbers. This article discusses the change in the role of the finance function, the expectations from it with the changing times, and the factors causing such changes. #Role of Finance With The Changing Times Those days are over when the role and skills of finance professionals are limited to bookkeeping and financial reporting. There are enormous changes in the finance function. Now, the CFO is expected to be involved in strategic decision making and help the CEO achieve the objectives of the organization. As [...]

By |2020-07-27T14:15:41+00:00July 27th, 2020|Business, Finances|Comments Off on How is the Role of Finance Professionals Changing With Times?

Government Initiatives for MSMEs

The sudden outbreak of COVID-19 has brought economic activities across the world to a halt. Micro, Small, and Medium Enterprises (MSMEs) are the worst affected sectors. Presently, MSMEs employ 114 million people and contribute enormously to the total GDP (Gross Domestic Product) of India. According to reports, the TransUnion Cibil has stated that MSME loans worth Rs 2.3 lakh crores are at a significant risk of becoming non-performing. In the wake of the pandemic, the government has undertaken several initiatives to brace Micro, Small, and Medium Enterprises, which are stated below. A] Government Initiatives for MSMEs Sanctioned 3 Lakh Crores Collateral-free Automatic Loans On May 26, the Government notified 3 lakh crore Emergency Credit Line Guarantee Scheme which will provide support [...]

By |2020-07-14T02:44:37+00:00July 10th, 2020|Business, Technology|Comments Off on Government Initiatives for MSMEs

Is Tally on Cloud Right For Your Business?

We have been getting a lot of inquiries for the past few weeks about our Tally on Cloud offering. Ironically, the lockdown keeps getting extended, making the Work From Home (WFH) phenomena the new normal. Mark IT has been working fully remote for the past couple of months. While we’ve had our share of teething challenges, we hope that we have been able to provide you with the service you have come to expect from us. If so, please don’t forget to write us a 5***** review on Google! Your 60 seconds can go a long way in helping us get in front of prospective customers! However, today we simply wanted to highlight what our Tally on Cloud offering is [...]

By |2020-07-06T06:31:07+00:00June 19th, 2020|Business, Finances, Softwares, Technology|Comments Off on Is Tally on Cloud Right For Your Business?

PowerPacks FAQ

A PowerPack is a powerful widget built on top of the Tally platform. It adds value to your business by simplifying key, daily activities that may currently be done manually. A good example is Digital Signature – replace the need for physically signing (or even printing out!) By automatically inserting a digital signature on your entire Tally generated invoices. Saves you a ton of time, saves printing costs and also saves the environment since you print less!

Good Question! Our team is continually improving these PowerPacks. By adopting a subscription model, it allows our team to invest time to continually improve our PowerPacks. In addition, when the Tally platform is upgraded, your PowerPack will always work. Current offerings in the market sell you a ‘perpetual’ file but then charge you exorbitant upgrade fees when a new version comes out. We eliminate all of that and charge you a low fee. Think of it as sacrificing a couple of cups of coffees per year! Surely you can sacrifice 2 cups of coffee for improved productivity at work, right?

No problem! We understand that our customers’ needs evolve over time and you may not need a certain PowerPack after a certain period of time. If you cancel within 7 days of purchasing the PowerPack, we will refund your money within 3 business days – no questions asked! If you’ve purchased an annual license, you can simply cancel your subscription and your license copy will lapse after your subscription period ends. No surprise charges. EVER!

Come on! You must be joking 🙂 Ok, you’re not. Well, the answer, surprisingly, is YES! If you purchase a PowerPack for the whole year, you can get it for only INR 999/year! That is a 15% discount or almost 2 months free 🙂 Happy now?

We’ve designed our PowerPacks to be self-serve and easy to install and use. We also provide you with a user manual and feature list with screenshots to get you started. But if you still have questions, drop us an email at [email protected]
and we’ll be sure to help you out! If you need more hands-on support, just give us a call or drop an email and we’ll get you setup.

Absolutely! We will continue to build out PowerPacks that serve our customers at an absolutely affordable price. We’ll drop all our customers a note when a new PowerPack is available. Meanwhile, if you need something very unique to your business, we have a top-notch development team that is eager to solve complex problems for businesses like yours. Fill out this form and we’ll be in touch!

Good question again! Other vendors may offer you a PowerPack (add-on/module) for a flat one-time fee. But what they don’t tell you is that anytime there is a release upgrade or newer version of Tally, the PowerPack will stop working. To get it to work again, you will need to pay the vendor more money. This cycle is never-ending! In addition, other vendors may not update their PowerPacks with additional features. If they do, they may charge you extra for the same. With Mark IT, your PowerPack will always work even if there is a release update. The subscription model also allows us to continually enhance our PowerPacks and pass on the benefits to our customers at no extra cost. Plus, your business saves a ton of money upfront which you deploy for other improvements your business may need!

You can choose between a number of payment types – NEFT, credit or debit card, UPI, EMI or any wallet (like PayTM, PhonePe etc.) that you wish to use. Providing flexibility to our customers is important to us! We will continually add more payment methods as soon as we can.

We’re glad you want to! Simply add multiple PowerPacks to your cart and buy! In addition, if you wish to purchase additional PowerPacks for additional serial numbers, simply change the quantity to the appropriate number of serial numbers and you are set. Feel free to add any comments in the Notes section if there is something you need to tell us regarding your order. Trust us, we read every customer’s emails!

A PowerPack is compiled and attached to a single serial number. If you’d like to setup the PowerPack for multiple serial numbers, simply purchase additional PowerPacks for each of your serial numbers. Simple!

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