Dr. Sujit Dutta

Understand Forex Basics in the Global Financial World

Leave a Comment / International Finance /

Whenever business activities are restricted within a country, transactions are conducted in a single domestic currency. Accounting remains relatively simple and there is no exchange rate risk or uncertainty. However, the moment business goes global and involves more than one country, two or more currencies enter the picture, making financial transactions and accounting more complex. […]

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International business and finance

International Business through the Lens of International Finance

Leave a Comment / International Finance /

I recently attended a session where the speaker began an insightful discussion on the forms of International Business in today’s LPG era — Liberalization, Privatization and Globalization. The speaker was explaining that after the 1991 reforms, India opened its doors to the world, and from that moment, cross-border business became a part of our everyday

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Corporate Finance Secrets: Decisions That Change Everything

3 Comments / Finance /

Corporate Finance is not just numbers—it is the art of making strategic financial decisions. It is concerned with maximizing shareholder value through long-term and short-term strategies and the day-to-day demands on business cash flow. Imagine that you are planning to start your own venture, you would have to answer three questions: What long-term investments should

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International Finance

International Finance: Crossing Borders with Finance

5 Comments / International Finance /

Some students are attending a lecture on International Finance, and the professor begins by discussing the basic concept. He looks at the class and says, you have already studied Financial Management, but that was restricted within the country — a domestic financial world with familiar rules, domestic currency, and conversant markets. But the moment a

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Input Tax Credit and Key GST Return Forms—You Must Know

6 Comments / Indirect Tax /

If you’re a businessman, you know that every rupee matters so it essential for managing taxes effectively and improving cash-flow efficiency. Understanding GST and Input Tax Credit (ITC) is important because it not only ensures compliance but also helps in managing cash flow more effectively. GST stands for Goods and Services Tax. It is a

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Deductions & Taxable Income — Old vs New Tax Regime

8 Comments / Indian Direct Tax /

Tax planning plays an important role in managing finances effectively. It involves arranging financial affairs in ways that comply or avoid taxes by taking advantage of tax deductions, credits, and exemptions legally. Beginning April 1, 2020 (FY 2020-21), the Government of India implemented a new optional tax rate system for individuals and Hindu undivided families (HUF).

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AS or IND AS – What’s the difference?

6 Comments / Accounting /

Accounting is a process of recording an organization’s financial transactions in order to make important decisions. In accounting, every financial transaction must be recorded in the books following a standard and consistent format.  If there were no common standards, different firms might follow their own rules and formats to record transactions and present financial statements.

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