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Because its concept and application are difficult to understand, deferred income tax is one of the top ten causes of accountants' challenges. When it comes...
The finance bill has proposed to add Section 194R to the Income Tax Act 1961. Although this change will be effective from July 1, 2022. This section has be...
The Finance Minister had announced Union Budget 2022 on 1st Feb 2022 wherein no changes were made to the existing tax structure, which disappointed a few o...
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...
Non-Banking Financial Companies (NBFCs) in India are now a major driving force of the country's...
The Reserve Bank of India (RBI) has taken a historic step in India's financial sector. The bank...
The financial sector is changing in the current digital era. Banking is no longer limited to ju...
The Indian financial market is diversifying and fast-changing. Making the right decision for in...
If you are an Indian seeking to live in the beautiful country of Sweden, 2025 is the right time...
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