Discover the complexities of treating goodwill under Ind AS, covering its recognition, measurement, impairment, and allocation principles. Learn with clear examples for better comprehension.
Learn how to set audit materiality, performance materiality, and determine sample sizes using Excel. Enhance audit accuracy and compliance with auditing standards.
Dive into the principles of Ind AS 23, the accounting standard governing borrowing costs. Learn how to capitalize costs, key concepts, and disclosure requirements.
Understand the key discussions on Ind AS-1 regarding the presentation of financial statements, including objectives, scope, definitions, and structural elements.
Key Direct Tax Proposals highlighted in the Budget 2023- MSMEs get enhanced limits for availing benefits of presumptive taxation and 95% of receipts to be non cash. Startups get an extension of date of incorporation by 1 year and carry forward of losses on change of shareholding extended to 10 years. Benefits under the revamped scheme- Corpus enables collateral free guaranteed credit to MSME of ₹ 2 lacs crores.
With effect from 1st October, 2022, Every registered taxable person whose aggregate annual turnover exceeds Rs. 10 Cr in any of the financial year since 2017-18 shall liable to issue E-Invoice. Earlier the limit was Rs. 20 Croroes. The registered person who is required to issue E-Invoice shall upload its’ tax invoice in json file […]
Scheme for taxation of virtual digital assets Virtual Digital Assets, especially cryptocurrencies & Non-Fungible Tokens (NFTs), have gained tremendous popularity in recent times and the volumes of cryptocurrency trading has increased substantially. With a view to bring clarity for taxation of such assets, provisions to define such assets, provide for the taxation from income arising […]
Article contains Easy Analysis of Differences Between Ind AS-103 and AS-14 and Carve-Out, Carve-In in Ind AS-103 from IFRS-3. It explains Significant differences between Ind AS-103 and AS-14 and Carve-Out in Ind AS-103 from IFRS-3. 1- Introduction There is no single Accounting standard which addresses accounting treatments and disclosures where one entity obtains control of […]
