Workplace stress is very common and happens with everyone at one time or other, no matter how much fine the things are going for the person. It is pertinent to talk on it from time to time as it hampers the productivity and effects a lot on professional and personal life. In this article, I […]
Basic understanding of amortising upfront fees by factoring the same into interest expense by EIR method using Goal seek formula. 1. Entity has taken loan from bank on which it has incurred transaction costs primarily in form of upfront processing fees. Further these loans have multiple changes in interest rate (as contemplated in the contract […]
Temporary differences between carrying amount and tax base of net assets of subsidiaries, branch or associate consolidated in consolidated financials may lead to recognition of deferred tax. This presentation explains the recognition of deferred tax in cases where the temporary difference may be different from the temporary difference associated with that investment in the parent’s […]
Need for new financial reporting standard IFRS 15 for revenue recognition:- The basic need of this new standard is to bring the uniformity in recognition requirements of revenue across all the sectors for e.g. Real Estate, Power , etc which were not covered earlier under one umbrella.
Rule 3(7)(b) of the CCR, 2004 has been amended vide Notification No.12/2015-Central Excise (N.T.), dated 30.04.2015 so as to allow utilisation of credit of Education Cess and Secondary & Higher Education Cess for payment of basic excise duty.
