Articleship assessment test ICAI – MCQ Question 1:- Which of the following are the prevalent business forms in digital economy :- (a) Business to Business
Articleship assessment test ICAI – MCQ Question 1:- Which of the following are tax-Avoidance Techniques :- (a) Controlled Foreign Company (b) Treaty Shopping (c) Use
Articleship assessment test ICAI – MCQ Question 1:- Which of the following treaty is comprehensive DTAA? (a) India-Afghanistan DTAA, which has limited Article (b) India-Pakistan
INCOME PAYABLE NET OF TAX – SECTION 195A Net of tax arrangements are agreements, where, TDS deductible on any given income in India is to
Section 115a of Income Tax Act deals with taxation of Income from royalty or fees for technical services (other than those covered u/s 44DA) received
Rounding off to the nearest 100 ( Hundreds ) In order to rounding off to the nearest 100 we will first check if the tens
Comparative Balance Sheet A comparative balance sheet presents side-by-side information about an entity’s assets, liabilities, and shareholder’s equity as of multiple points in time. It
Permanent Establishment, refers to a fixed place of business or some other form of presence of the Non resident in the Source country, through which the
Comparative Statement Examples A comparative statement is prepared in order to compare the figures of financial statements for two or more years. It gives an
Profitability The profitability or financial performance is mostly summed up in the statement of profit and loss. Profitability ratios are determined to analyze the earning
Activity Ratio Analysis Activity Ratio Analysis: Activity ratios are financial analysis tools used to measure a business’ ability to convert its assets into cash. These ratios
Bank Reconciliation Example covered in this Note, lists various cases when there is a difference between the Cash Book and the Bank Pass Book and