This article is intended to make you understand the major impact both in terms of advantages and disadvantages of the adoption of Converged IFRS i.e Indian Accounting standards (Ind AS) on the financial statements and the working of the companies both.
Introduction:PREVENTION OF MONEY LAUNDERING ACT, 2002 Came into force with effect from 01st July, 2005.The Act extend to whole of India except J&K.Objective: To prevent money- laundering, seize the property with authority, involved in money laund
In India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. But Indian Govt. took a very great step against the black money and a step to assess this income whether the income is located in In