Discounts are an integral part of business. Business generally offer trade discounts to increase sales, while cash discounts are given to recover payments quickly and...
The Right issue signifies the preemptive right of the existing shareholders. The current equity shareholders have the first right to subscribe to the shares if...
Accounting Standard (AS) 19 Leases Objective The objective of this Standard is to prescribe, for lessees and lessors, the appropriate accounting policies and disclosuresin relation...
Companies Auditors Report Order, ‘CARO’ 2020 The said order is applicable for reporting on financial statements of companies whose financial year commences on or after...
Accounting Standard (AS) 18 Related Party Disclosures Objective The objective of this Standard is to establish requirements for disclosure of: (a) related party relationships; and...
Accounting Standard (AS) 17 Segment Reporting This Accounting Standard is not mandatory for Small and Medium Sized Companies, as defined in the Notification. Such Companies...
Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their...
Accounting Standard (AS) 16 Borrowing Costs Objective The objective of this Standard is to prescribe the accounting treatment for borrowing costs. Scope 1. This Standard...
Accounting Standard (AS) 14 Accounting for Amalgamations Introduction 1. This standard deals with accounting for amalgamations and the treatment of any resultant goodwill or reserves....
[Section 188 and Rule 15 of Companies (Meeting of Board and its Power) Rules, 2014]- Related Party Transactions: As per Section 2(76) of the Companies Act, 2013,...
