Measurement of Property, Plant and Equipment (PPE) – Outline
0 Contents: Introduction Initial Measurement of PPE In Case of Purchase of PPE In Case of Self-Construction of PPE In Case of Exchange of PPE Subsequent Measurement of PPE Subsequent Measurement when PPE is Held for Sale Conclusion 1. Introduction Property, Plant, and Equipment (PPE) are fixed assets that are used in business to generate revenue. … Read more Measurement of Property, Plant and Equipment (PPE) – Outline
What are the Functions, Duties, and Powers of NFRA (National Financial Reporting Authority)
0 Table of Contents: Summary Functions & Duties of NFRA Recommending Accounting Standards and Auditing Standards Advisory Committees, Study Groups, and Task Forces Financial Reporting Advocacy and Education International Associations and International Assistance Confidential and Security of Information Avoidance of Conflict of Interest Powers of NFRA [Section 132(4)] 1. Summary The functions, duties, and powers … Read more What are the Functions, Duties, and Powers of NFRA (National Financial Reporting Authority)
Relaxations for Senior/Super Senior Citizens under the Income Tax Act
0 An individual who is a resident in India will be regarded as a senior citizen if he has attained the age of 60 but less than 80 years at any time during the year. In addition to this if his age is 80 years or more at any time during the previous year then … Read more Relaxations for Senior/Super Senior Citizens under the Income Tax Act
Accounting Standards – Meaning and its Applicability
0 Contents: Introduction Scope and Compliance with Accounting Standards Applicability of Accounting Standards Classification of enterprises Introduction Accounting Standards are the written form of statements which consists of rules, principles and guidelines to be used consistently and uniformly for the preparation and presentation of financial statements by a business entity. These Accounting Standards lay down … Read more Accounting Standards – Meaning and its Applicability
Documents Required to File Income Tax Return
0 While tax return filing date is nearing, it’s very important and useful to know what all documents you require to file your income tax return. Filing for income tax return is a legal process which is administered by Income Tax Department of India. Documents are very important in this process to prove your source of … Read more Documents Required to File Income Tax Return
