Finance : The article explains how audit and accounting systems help maintain financial transparency, accountability, and investor confidenc...
Finance : The issue highlights the distinction between accounting and auditing functions. The key takeaway is that independent audits ensure...
Goods and Services Tax : Explains how carbon credits have evolved into monetisable assets and outlines key accounting recognition, income-tax treatment und...
CA, CS, CMA : Clarifies how acquisitions are accounted for when the acquired company continues to exist, focusing on fair-value recognition, goo...
CA, CS, CMA : Highlights how agriculture, livestock, forestry, and oil & gas inventories need unique recognition and measurement approaches. Key...
CA, CS, CMA : Join our free webinar on foreign accounting and bookkeeping, led by expert CA Sachin Jain. Learn about opportunities, techniques, ...
CA, CS, CMA : The Council, at its 400th meeting, held on March 18-19, 2021, considered the matter relating to applicability of Accounting Standa...
CA, CS, CMA : Announcement providing Temporary Exceptions to Hedge Accounting prescribed under Guidance Note on Accounting for Derivative Contra...
CA, CS, CMA : ICAI Research paper on Money laundering and scams THROUGH Multi-State Urban Cooperative Credit Societies, Angadia’s & Banks in I...
CA, CS, CMA : The Credit Co-operative societies have misused various gaps of the system over period of time by tapping various regulations for c...
Income Tax : Change in method of accounting was bona fide and with the compliance of the Accounting Standard – AS 9 – Revenue Recognition i...
Income Tax : Method of Accounting regularly followed by the taxpayer which was accepted by the Tax Officer in past cannot be rejected in future...
Income Tax : We find that at the time of survey the sample processing was carried out and according to the sample processing, the bi-products c...
Income Tax : We have heard both the sides in detail. Thrust given by the C1T(A) on the mens rea reflected in the conduct of the assessee does n...
Income Tax : In the instant case, learned counsel for the Revenue is not in a position to demonstrate or satisfy us that due to the change of a...
The article explains how audit and accounting systems help maintain financial transparency, accountability, and investor confidence in companies and organizations. It also discusses market volatility, economic risks, and sectoral growth trends influencing businesses in India.
The issue highlights the distinction between accounting and auditing functions. The key takeaway is that independent audits ensure accuracy, compliance, and reliability of financial statements.
Explains how carbon credits have evolved into monetisable assets and outlines key accounting recognition, income-tax treatment under section 115BBG, and GST considerations in India.
Clarifies how acquisitions are accounted for when the acquired company continues to exist, focusing on fair-value recognition, goodwill calculation, and consolidation requirements.
Highlights how agriculture, livestock, forestry, and oil & gas inventories need unique recognition and measurement approaches. Key takeaway: Ind AS 2 and 41 ensure accurate reporting in volatile, high-risk sectors.
Breaks down how extractive-industry assets are recognised, measured, depleted, and impaired, highlighting key compliance requirements under Indian and international standards.
Explains how livestock is recognized, valued and disclosed under fair-value-based accounting standards. Highlights key principles, practical valuation methods and what the rules ultimately require.
Summary of mandatory financial record-keeping periods under the Income Tax Act, GST Law (72 months), and Companies Act (8 years) to avoid penalties and ensure compliance.
This professional analysis covers accounting, tax, and reporting issues for virtual assets in India, including classification, revenue recognition, tax implications under Section 115BBH, and compliance practices.
An analysis of accounting for derivatives in Indian treasury operations, covering Ind AS/IFRS, fair value measurement, hedge accounting, and practical journal entries.
