Articles by Vignesh Killur

Meaning of Deferred Tax Liability & Asset in Simple Words

Posted by Vignesh Killur

10 August 2020 1993489 Views

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

Posted by Vignesh Killur

16 July 2018 4545 Views

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

Taxation and Impact of GST on Cigarette Industry

Posted by Vignesh Killur

01 July 2018 35282 Views

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

Posted by Vignesh Killur

08 October 2013 8755 Views

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

Posted by Vignesh Killur

02 May 2012 126235 Views

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

Posted by Vignesh Killur

27 February 2012 17597 Views

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