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
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
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
By Vishal Gupta International Financial Reporting Standards (IFRS) set common rules so that financial statements can be consistent, transparent and comparable around the world. The InternationalView More
Income Tax, GST & Custom Refund amid of Covid-19 The Income Tax Department, on its official Twitter handle, announced that department will issue all pending income tax refunds upView More