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What is Production Linked Incentive Scheme?

Production Linked Incentive Scheme

The production linked incentive scheme was introduced first in 2020 with a view to boost domestic manufacturing. This scheme has been launched in 13 sector...

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Finance & Accounting

A brief overview of IFRS 9 on Financial Instruments...

IFRS 9

IFRS 9 is effective for the fiscal years beginning on or after January 1st, 2018, while early adoption is also permitted. The International Accounting Stan...

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Finance & Accounting

A summary of IAS 24 on Related Party Disclosures

IAS 24

A parent entity is required by International Accounting Standard 24 to disclose its transactions with associates, joint ventures, or subsidiaries, commonly...

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Finance & Accounting

Difference between Indian Accounting Standards and Inte...

Indian Accounting Standards

Ind AS refer to Indian Accounting Standards which are converged standards for International Financial Reporting Standards. The existence of Indian Accounti...

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GST

Citing allegations of availing fraudulent GST ITC, HC R...

Refund

Recently the Madras High Court denied to grant a refund of the amount lying in the electronic cash ledger of the assessee due to serious allegations agains...

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RBI Notification

RBI releases framework for geo-tagging of payment syste...

Geo-tagging

The Reserve Bank of India recently issued the framework for geo-tagging of payment system touchpoints. The RBI had shown its interest to launch a framework...

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Finance & Accounting

All you need to know about IAS 23 on Borrowing Costs...

IAS 23

IAS 23 addresses whether interest or financing charges of borrowing money should be expensed or capitalized. The standard specifies whether borrowing expen...

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Internal Audit

What is the Difference between Internal and External Au...

Internal and External Audit

What comes to your mind when we talk about audit. Some may think of it as a painful and gruelling session to uncover mismanagement. But that can be mislead...

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