ITR, Audit Report & Other Dates Extended
The Income Tax Department has recently extended the period of tax relief to taxpayers during the second wave of Covid-19. Due to the devastating Covid-19View More
Category: Income Tax Act, 1961
All About Professional Tax
Professional tax is a tax that is levied by a state government on all individuals who earn a living through any medium. This should notView More
ITR-2 Form
Income tax Department on June 26, 2020 have uploaded the ITR-2 Form for efiling. Form is required to be filed by Individuals and HUF’s notView More
ITR- Income Tax Return. Which ITR Should I File?
Central Board of Direct Taxes have notified the ITR forms for FY 2019-2020 (AY 2020-2021) on 29th May, 2020. The ITR filing deadline has alsoView More
IAS 36 – Impairment of Assets
Impairment is determined by comparing CARRYING VALUE of the asset with it’s RECOVERABLE AMOUNT. It will be higher of Fair Value less Cost of DisposalView More
IAS 16 Property, Plant and Equipment (PPE)
by Vishal Gupta It covers the aspects of accounting for property, plant and equipment and represents the list of items falls into “Tangible” Non-Current Assets.View More