In the globalized financial system, there is a continuous demand for specialized zones that facilitate international transactions under a regulatory framework that supports innovation, competitiveness, […]
Understanding the Quantity Theory of Money: Definition, Formula, and Insights
In any economy, households save money from their income after consumption and put their savings in financial institutions like commercial banks. On the other hand, […]
Understanding Ind AS 27: A Complete Guide to Separate Financial Statements
Ind AS 27 is a standard that governs the presentation of separate financial statements. It is designed to guide entities that choose or are required […]
Steps in Company Formation: From Promotion to Incorporation
The process of forming a company begins with the idea and initiative taken by individuals called promoters. These promoters carry the initial responsibility of transforming […]
Understanding External Commercial Borrowings: A Complete Guide
External Commercial Borrowings refer to commercial loans raised by eligible resident entities from recognized non-resident entities. These loans can be in the form of bank […]
Understanding ITC Eligibility: Conditions, Requirements, and Guidelines
Input Tax Credit refers to the credit of tax paid by a registered recipient on the purchase of goods or services. This tax is in […]
Understanding Tax Statute Interpretation: From Constitution to Contemporary Approaches
India is a union of states and operates under a quasi-federal structure. The Constitution provides a distribution of legislative powers between the Union and the […]
Understanding Mutual Funds: A Beginner’s Guide
A mutual fund is a financial intermediary operating in the capital market that pools collective investments in the form of units from retail and corporate […]
Navigating the GST Maze: The Cross Charge and ISD Dilemma
In the modern multi-locational business environment, most companies establish their principal place of business in one state, often designated as the Head Office or Corporate […]
Modern Recruitment and Selection: Key Sources, Process, and AI Integration
Recruitment is the method through which an organisation seeks individuals to apply for job positions when its existing workforce cannot meet the labour demand. This […]
Delayed GST Payment: Interest Liability and Compliance Explained
In the domain of tax compliance, time truly translates to money. This principle is vividly observed under the Goods and Services Tax framework in India. […]
Understanding Income Statement Components: From Trading to Appropriation
The term income statement is a generic term used to refer to those components of financial statements that are concerned with the determination of the […]
Supplier Location Under GST: Interpretation and Implementation Issues
Under the Goods and Services Tax (GST) regime in India, the determination of the location of the supplier is a critical aspect that influences the […]
Schedule III of the Companies Act: A Detailed Compliance Manual
Schedule III of the Companies Act, 2013, provides a uniform format for the preparation and presentation of financial statements by companies in India. It is […]
Understanding NBFCs in India: Categories, Compliance, and RBI Oversight
Non-Banking Financial Companies (NBFCs) play a critical role in the Indian financial system. They have significantly contributed to the growth of credit in vital sectors […]