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Finance & Accounting

A summary of IAS 7: Statement of cash flows

Statement of cash flows

The purpose of this Standard is to necessitate the presentation of information regarding a corporation's historical changes in cash and cash equivalents th...

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Taxation

Proposed changes in Personal taxation in 2022 Budget...

Personal taxation

The Union Finance minister has recommended certain changes in the Finance Bill, 2022 through Union Budget 2022-23 relating to personal taxation. There were...

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GST

Proposed changes in GST law in 2022 Budget

changes in GST

The Finance Minister presented the Union Budget of 2022 in the wake of highest recorded tax collections of 1.38 lakh crores through GST revenues. The Union...

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Digital Transformation

What are ‘virtual digital assets’? A detailed Expla...

virtual digital assets

The Budget of 2022 has made the Cryptocurrency investors rife because of the imposition of 30% tax on them. However, mostly people are not aware that the p...

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Transfer Pricing in India

Transfer Pricing Documentation and compliances

Transfer Pricing Documentation

Section 92D of the Income Tax Act of 1961 establishes a legal framework for taxpayers to maintain information and documentation. It states that anyone who...

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Taxation

A detailed guide to Investment Declaration Form

Investment Declaration Form

There are instances when an employee gets confused as to what needs to be mentioned in the Investment Declaration Form in order to claim deductions and exe...

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Transfer Pricing in India

Reference to Transfer Pricing Officer and Assessment Pr...

Transfer Pricing Officer

All transactions between related parties in India must comply with Transfer Pricing laws, according to the Income Tax legislation in India. Transfer p...

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Transfer Pricing in India

Meaning of International Transaction in Transfer Pricin...

International Transaction in Transfer Pricing

Transfer pricing pertains to the pricing policy used when goods or services are transferred between affiliated businesses. The goal of transfer pricing law...

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