Hello Friends,Continuing with my previous article, lets discuss something further.Planning for Financial Reporting:- Friends practice is the most important thing for this paper. Do accounting standards well. Friends if you do AS
Karniti Part 64Is it a tool to convert Black Money into White - Kisan Vikas Patra ?Arjuna (Fictional Character): Krishna, recently the Government has reintroduced the investment scheme of Kisan Vikas Patra. There are many questions rega
Capital Gains and Tax Exemption as per Income Tax Act, 1961Technical TermsSection 2(14) of Income Tax Act, 1961 defines Capital Asset as "Property of any kind held by the assessee whether or not connected with his business or profession but does not
Karniti Part 50India is My Country and To Pay Others Taxes is also My DutyArjuna (Fictional Character): Krishna, In India on 15th August 68th Independence Day and on 17th August Shri Krishna Jannamashtmi was celebrated. Bhagwadgita has narrated the
"Taxation should not be a painful process for the people. There should be leniency and caution while deciding the tax structure. Ideally, governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flow
We saw a deluge of analyses coming on Budget 2014 right from 11th July 2014. However, we chose to wait for clarifications and finer details so that readers get the right perspective for themselves.People would have different opinion about the budget
Introduction:- The Hon’ble Finance Minister, Mr. Arun Jaitley in his budget speech delivered on 10th July, 2014 had expressed his desire to create an e-biz platform that is aimed to create a business and investor friendly ecosystem in India by
One of the major obstacle before India Government is Tax evasion. Tax evasion is the way people evade tax by illegal and unfair means. They may claim lesser profit, gains or turnover than actual. Even if
Definition: EPCG Scheme has been introduced in India to promote import of capital goods for production of output which is exported. Eligibility Criteria Mainly:Scheme covers manufacturer exporter,
A Joint venture is an arrangement in which 2 or more individuals /companies / partnership firms /corporations/legal entities come together to undertake an economic or research activity by entering into an ag
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