Accounts Articles

Lost Lakhs: PPF Deposits That Backfired

Mitali 10 October 2025 at 14:03

High Court on PPF: Rs 6.87 lakh interest must be returned; court cites violation of Public Provident Fund rules

October 2025 New Rules Checklist for Businesses and Individuals

Chaitra Seetharam 08 October 2025 at 12:19

A new era for India's economy begins in October 2025, with landmark reforms offering greater financial flexibility, stronger consumer safeguards, and modernized..

Ind AS 16: Pending Property Tax Paid on Auction Purchase: Capitalization vs. Expense Explained

Rahul Agarwal 16 September 2025 at 08:51

When a property is acquired in auction, is the pending property tax an expense or part of the asset cost? Accounting standards clarify that such taxes must be capitalized, as they are directly attributable to acquiring ownership and making the property ready for use.

How AI Has Become an Accounting & Tax Solution?

workspacetool.com m 13 September 2025 at 08:34

Discover how AI is transforming accounting and taxation by automating manual work, reducing errors, ensuring compliance and boosting productivity. Learn its benefits, challenges and the future of AI in finance.

Capitalization of Borrowing Cost on Land as per Ind AS 23: Borrowing Costs

Rahul Agarwal 08 September 2025 at 08:38

Understand the capitalization of borrowing costs on land under Ind AS 23. Learn when borrowing costs qualify for capitalization, key principles, and practical implications for businesses.

Ind AS 7 Amendment 2025: Key Changes in Statement of Cash Flow under Companies Rules

Rahul Agarwal 01 September 2025 at 08:37

Understand the new disclosure requirements for Supplier Finance Arrangements (Paragraphs 44F–44H) effective from April 1, 2025. Learn how companies must report terms, liabilities, and liquidity risks under supply chain finance, payable finance, or reverse factoring arrangements.