Articles by Vignesh Killur

Meaning of Deferred Tax Liability & Asset in Simple Words

Vignesh Killur 09 August 2018 at 11:00

Meaning of Deferred Tax Liability & Asset Explained in Simple Words: In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basically a provision

Fugitive Economic Offenders - the Modi and Mallya's

Vignesh Killur 16 July 2018 at 10:53

Who are fugitive economic offenders? These are rich business tycoons who have looted

Taxation and Impact of GST on Cigarette Industry

Vignesh Killur 02 January 2018 at 11:25

1. Cigarette Industry in IndiaIndia is the second largest producer of Tobacco in the world (after China). India is also the second largest exporter of Tobacco/..

Corruption R.I.P: My ideas to end corruption in India

Vignesh Killur 08 October 2013 at 11:40

Connect all Government Departments, both State and Central and bring them under a common software platform (ERP) and also standardize and bring uniformity to their method of worki

Deferred Tax in Simple Words - PART II

Vignesh Killur 02 May 2012 at 11:22

The Day is 1st of April 2001; the Indian Accounting Fraternity is introduced to the concept of Deferred Tax. Accounting for Taxes on Income (AS 22) is applicable to different categories of enterprises from different dates. TABLE 1.

Future of Form 26AS

Vignesh Killur 27 February 2012 at 12:55

Hi Everyone! What will FORM 26AS appear like in Future? At Present it is a TAX CREDIT STATEMENT meaning it displays the taxes paid by us like Advance Tax, Self Assessment Tax and Particulars of TDS made by others on our behalf. But what if it was