Investment property is property that has been purchased with the intention of obtaining a return on the investment (purchase) either through rental (income), future resale of the property, or both. Investing in real estate is like any other investment; the goal is to generate a profit. The way a property is used has a significant…
The Securities and Exchange Board of India, vide Notification No. SEBI/LAD/-NRO/GN/2022/80 dated April 25, 2022, issued the SEBI (LODR) (Fourth Amendment) Regulations, 2022 to amend the SEBI (LODR) Regulations, 2015. The erstwhile Securities and Exchange Board, vide notification dated August 13, 2021, amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)…
When it comes to banking knowledge or the general awareness component of bank examinations, the basics of banking are crucial. Banking fundamentals are also vital for future banking and finance professionals. For its customer base, the banking business handles credit, currency, and several other sorts of financial transactions. Table of Content Key Abstract Banking Fundamentals:…
The Ministry of Corporate Affairs (MCA) amended Schedule III of the Companies Act 2013, October 11, 2018. Schedule III of the Companies Act 2013, provides a format for the financial statements of companies complying with Accounting Standards (AS) and Ind AS under Division I and Division II respectively. Schedule III will now apply to the…
The program uses the One District One Product (ODOP) approach to grow economically in terms of input purchases, shared service usage, and product marketing. The ODOP plan provides a framework for developing value chain and communication and support infrastructure. There may be collections of many ODOP products in the region. There may be an ODOP…
As you know, the review area is a non-monetary reserve created by the company to operate when the market value of other assets occurs above or below the value of the book or book value. Analysis is usually used to show the effect of the difference between the market value of an asset and the…
Arrest provisions were added to the GST regime to address specific situations brought to the attention of tax evaders when a person is involved in specific arrestable offences and the amount of tax involved in such offence exceeds a specified limit. Arrest provisions may appear very strict, but they are necessary for effective tax administration…
Under the Companies Act, 2013, the government can make rules regarding the maintenance of cost records by companies engaged in the production of goods or the provision of services in certain industries and for the audit of those records. The government may appoint a cost auditor for the company at a time of its own…
The difference between financial accounting and managerial accounting is as clear as the name suggests. Financial accounting is concerned with maintaining business transactions and documenting data so that users can make valuable financial decisions. Management accounting, also known as managerial accounting, is a relatively new branch of accounting that deals with managerial issues. It is…
Returns might be amended if there were mistakes under the previous Service Tax and VAT systems. GST does not, however, currently allow for the revision or amendment of a submitted return. A new mechanism for updating GST Returns is being discussed, although it has not yet been implemented. A taxpayer cannot modify his returns before…