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Financial Reporting

Need of convergence of IAS with IFRS

Need of convergence of IAS with IFRS

Every country has its own set of accounting laws and regulations. However, due to globalisation in the previous few decades, as businesses began to go glob...

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Income Tax Taxation

Key differences between Tax Planning and Tax Management...

Key differences between Tax Planning and Tax Management

Introduction   Many people believe Tax planning and Tax Management to be the same thing. However, there is a big difference between the two conce...

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SEBI

How to start an Asset Management Company (AMC)

How to start an Asset Management Company (AMC)

Introduction The Securities and Exchange Board of India (SEBI) which is the statutory body to supervise the capital markets has been assigned with the duty...

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Corporate Tax

A discourse on Corporate Tax Planning

A discourse on Corporate Tax Planning

Introduction   It is the right of every taxpayer to maximise its profits and reduce the tax burden making the best use of the policies of the gov...

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Internal Audit

Difference between Internal Audit and Statutory Audit:...

Difference between Internal Audit and Statutory Audit

Introduction   Confusion always looms over the difference between internal audit and statutory audit in terms of the appointment of auditors, the...

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Internal Audit

Objectives of Internal Audit: A general overview

Objectives of Internal Audit

Introduction   All the organizations want safety of their organizations for which they appoint an internal audit team as an integral part of thei...

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Income Tax

A Discourse on Tax Planning Strategies

A discourse on Tax planning strategies

Introduction   Every assessee thinks how it can take the maximum possible advantages from the tax benefits offered by the government. This piece...

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Income Tax

Penalty order under section 271(1)(c) quashed: Delhi HC...

Penalty order under section 271(1)(c) quashed: Delhi HC

Introduction   A recent order of the honourable Delhi High Court has ruled that a penalty order passed by the Income Tax Authority under the prov...

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