READING OF FINANCIAL STATEMENT

IT PROVIDES INFORMATION ABOUT THE ENTITY'S:

This information, along with other information in the notes, assists users of financial statements in predicting the entity's future cash flows and, in particular, their timing and certainty.

Difference Between Trust, Society and Section 8 Company

Difference Between Trust, Society and Section 8 Company

Selecting the appropriate legal structure for the charitable or non profit organization can be a perplexing task. Among the most common choices in India are Trusts, Societies, and Section 8 Companies. Each has its unique features and ...

ALL ABOUT AUDITING OF SOLE PROPRIETOR & CLUB

The word audit is derived from the Latin word audire which means to hear. It is an important tool of management. It is concerned with making an analytical and critical analysis of the books of accounts, checking and verification of evidence in support of entries appearing in the books of accounts...

Debit And Credit In Accounting And Banking

Debit And Credit In Accounting And Banking

Understanding the fundamental concepts of “credited” and “debited” is crucial for both banking and accounting. These terms represent opposite actions when it comes to financial transactions. In accounting, “credited&#...

All About Ad Valorem Tax - Meaning and Importance

Amongst the various types of taxes imposed by the State and Central governments, the Ad Valorem tax is a type of tax that is fairer in nature as it is imposed on the assessed value of the property under consideration.

What is Ad Valorem Tax?

Ad valorem tax is a type of tax that is ...

Assessment order invalid if not dispatched to assessee within limitation period ITAT Delhi

Assessment order invalid if not dispatched to assessee within limitation period ITAT Delhi

Instrumentation Laboratory India Pvt. Ltd. Vs DCIT 

The case of Instrumentation Laboratory India Pvt. Ltd. vs. DCIT revolves around the assessment order dispatched after the limitation...

Not Job of Police to Meddle with or Adjudicate Civil Disputes Kerala High Court

It would be definitely of immense significance to note that while ruling on a most significant legal point pertaining to the role of police in meddling with or adjudicating civil matters, the Kerala High Court at Ernakulam in a most learned, laudable, landmark, logical and latest judgment titled ...

Relaxation given to the Deductors / Collectors / Deductees on higher TDS demand due to Aadhar PAN not linked By BDT Circular No. 6/2024

Relaxation given to the Deductors / Collectors / Deductees  on higher TDS demand due to Aadhar PAN not linked By BDT Circular No. 6/2024

CBDT Circular No. 6/2024: Relief for TDS Deductors on PAN-Aadhar Linkage

The CBDT, aiming to address grievances of deductors / collectors who ...