Articles by Madhur Gandhi

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IND AS 36: Impairment of Assets

  Madhur Gandhi    31 May 2022 at 08:47

It prescribes that entity applies to ensure that assets are not carried at more than their recoverable amount. An asset is carried at more than its recoverable amount when it exceeds amount to be recovered through use or sale of the asset.



Income tax on Salary under New income tax Section 115BAC and Old Scheme of taxation

  Madhur Gandhi    07 June 2021 at 09:19

Budget 2020 introduced a new scheme of taxation u/s 115BAC for individuals and HUF, which they can choose from FY 2020-21. Let us compare the Income Tax on Salary under the New Scheme and the Old Scheme.



Taxability of various perks offered by the PSUs, under the Income Tax Act, 1961

  Madhur Gandhi    30 September 2020 at 10:10

Various perks and allowances are offered to the officials by the PSU's. Let us discuss how they are taxed under the Income Tax Act, 1961.



Budget 2020 impact on charitable trust/Institutions

  Madhur Gandhi    21 February 2020 at 10:07

Budget 2020 impact on charitable trust/Institutions