A Joint venture is an arrangement in which 2 or more individuals /companies / partnership firms /corporations/legal entities come together to undertake an economic or research activity by entering into an ag
IFRS and Transfer Pricing as per Income Tax Act, 1961 The bundle of IFRS that we have in the pipeline is no kith and kin for the existing Transfer Pricing concepts. IFRS dwells predominantly on the ‘Fair Value’ concept. Majority of these
Creation of charge is one of the essential elements for raising finance/funds from institutes so that the lender is ensured th
Deemed Services under Service Tax As per Section 68 of the Finance Act, 1994, the person providing the taxabl
TAX BASE of an ASSET- Indian GAAP Vs. IFRS (Assuming the economic benefits that will flow to an entity when it recovers the carrying amount of the asset is taxable) Tax base of an asset as per IAS12 is “The amount that will be deductible
For those who have received demand notice from Income-tax department in connection with Income-tax return for the A.Y. 2017-18 [F.Y. 2016-17].
Unadjusted advances means advances against which GST has been paid but supply has not been made and same has not been recognized as revenue in the audited finan...
On 07th December, 2016, Ministry of Corporate Affairs (MCA) has vide its Commencement Notification notified various sections of Companies Act, 2013 which
How to open / operate branch office/ project office/ liaison office of foreign company in india
Hi everyone!! Exams are approaching and you all must be very busy in preparation of exam. You all have approx 45 days to go for the exam and the exam fever is on its high!! So here are few words of inspiratio
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