The introduction of GST is being seen as second major tax reform after 1991. GST is in the limelight again and everyone wants to have a talk about it. Under this article, I have tried to summate basics of GST. Have a good read. What is GST? GST is th
We all have been studying CFS since Class XII, know the theoretical part but when it comes to making Cash flow statements practically, we find ourselves in a jeopardy. I have been into such situations when the CFS wont tally, however hard I ma
AS 22 is considered a tricky accounting standard and rightly so. This article is an honest effort to explain the same it in simple words.Deferred tax means providing for the differences between accounting income an