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IAS 16 specifies the accounting treatment in relation to property, plant, and equipment (PPE), making it one of the essential and widely used standards. Th...
There may be a period of time between the balance sheet date (or the reporting date) and the day the financial statements are approved. Some events will oc...
Banks must follow the internal capital adequacy assessment process in order to perform risk assessment. The RBI has placed the ICAAP requirement for middle...
Have you ever noticed that cigarettes or alcoholic drinks cost more than their cost of production. The reason behind this is a significant amount of their...
Section 269SU under the Income Tax Act was introduced with a view to promote cashless economy and stimulate digital mode of accepting payments. This articl...
With the commencement of the new income tax regime, as a taxpayer you may be confused about which one is better among the Old and new income tax regime. To...
With the constant evolution of Customer expectations, there has been a continuous effort being made in the world of financial services. One of those is to...
The Supreme Court of India (SC) is hearing a batch of petitions wherein plea has been taken by the petitioners questioning the constitutionality of the pro...
In FY 2023-24, the Hon’ble Finance Minister announced the need to simplify, ease, and reduce...
The recent amendments to the Foreign Exchange Management (Non-debt Instrument) Rules, 2019 (FEM...
Gifts amongst spouses in India are generally not subject to tax and, therefore, remain a very a...
CFOs play the role of game-changers in the modern retail industry. They leverage data analytics...
The capital market regulator, i.e., the Securities Exchange Board of India (SEBI), made signifi...
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