Popular Articles

The Importance of Annual Customer Balance Confirmations

Sachin 23 August 2024 at 08:44

In the realm of business and finance, maintaining accurate records and ensuring transparency with customers is crucial. One practice that plays a significant role in this is the annual customer balance confirmation.

Bonus Act 1965: Why India Needs to Increase the Minimum Bonus to 10.5%

Suresh Kumar 07 October 2025 at 10:31

India's Bonus Act needs reform. With India's growth, it's time to raise the 8.33-20% bonus limit and restructure salaries to match global living standards.

The Regulatory Reckoning: How NBFCs and Fintechs Face Intensifying Scrutiny in India's Microfinance Boom

Affluence Advisory 05 January 2026 at 09:09

India's microfinance sector faces a regulatory turning point in 2025 as RBI tightens oversight on NBFCs and fintechs amid rising defaults, bank retreat, borrower overleveraging, and growing risks to financial inclusion.

Provisions Relating to the Foreign Currency - Transfer of Shares and its Reporting Thereto

Affluence Advisory 26 March 2025 at 08:31

The Reserve Bank of India ("RBI") has notified Master Direction for Foreign Investment in India Updated up to January 20, 2025), read with Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules) and Foreign Exchange Management

Understanding Section 54F: Reinvestment-Based Capital Gain Relief

Affluence Advisory 23 January 2026 at 09:19

Understand Section 54F of the Income Tax Act - eligibility, conditions, exemption limits, CGAS rules, calculation formula and key amendments applicable from AY 2026.

Valuation of Intangible Assets as per IFRS

Sai Nithyashri 21 June 2024 at 08:34

Valuation of intangible assets under IFRS (International Financial Reporting Standards) involves assessing their fair value, which is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm's length transaction.