Articles by Madhur Gandhi
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IND AS 36: Impairment of Assets
It prescribes that entity applies to ensure that assets are not carried at more than their recoverable amount. An asset is carried at more than its recoverable amount when it exceeds amount to be recovered through use or sale of the asset.
Income tax on Salary under New income tax Section 115BAC and Old Scheme of taxation
Budget 2020 introduced a new scheme of taxation u/s 115BAC for individuals and HUF, which they can choose from FY 2020-21. Let us compare the Income Tax on Salary under the New Scheme and the Old Scheme.
Taxability of various perks offered by the PSUs, under the Income Tax Act, 1961
Various perks and allowances are offered to the officials by the PSU's. Let us discuss how they are taxed under the Income Tax Act, 1961.
Budget 2020 impact on charitable trust/Institutions
Budget 2020 impact on charitable trust/Institutions
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