Finance & Tax
International Finance: Crossing Borders with Finance
Some students are attending a lecture on International Finance, and the professor begins by discussing…
The World of Perquisites: The Hidden Part of Your Salary
If you want to understand how perquisites work in salary, just scroll through this story….
Input Tax Credit and Key GST Return Forms—You Must Know
If you’re a businessman, you know that every rupee matters so it essential for managing…
Understand Income Tax Assessment for your Benefit
The income tax assessment procedure is a systematic process undertaken by the Income Tax Department…
Deductions & Taxable Income — Old vs New Tax Regime
Tax planning plays an important role in managing finances effectively. It involves arranging financial affairs in…
AS or IND AS – What’s the difference?
Accounting is a process of recording an organization’s financial transactions in order to make important…
Final Accounts vs. Financial Statements Dilemma
Accounting is simply the language of business. Just as people keep a personal diary to…
NEW-GEN GST – A Revolutionary Approach
Background Before GST was implemented, the VAT system was being followed in the country. The…
Common Perception- Know Income from Other Sources!
For India, “individuals with 60 years of human life and above are “recognised” as elderly…
Set Off and Carry Forward of Losses — Every Tax Payer must Know
Be alert before filing your tax return! My student, Ankit, has always been a serious…
Income from Salary — Understand Real World Pay Roll Structure
Understanding the head ‘Income from Salary’ is important for students because when students after graduating…
One Business with Two Profits—The Puzzle
Imagine you are going to appear for an interview for the post of ‘Tax Associate’…
Depreciation Riddle under Two Different Acts
Let’s begin this discussion with a question asked by one of the students in my…