Table of Contents Introduction The Idea of Bad Banks Why India needs bad banks? Development of Bad Banks Advantages of Bad Banks Challenges on the path of Bad banks’ development Conclusion Introduction India is introducing the idea of bad banks, which has been effective in nations like the USA. India recommended creating a public sector […]
Concept of Bad Banks in India Read More »
Table of Contents Introduction Promises in contracts with customers Distinct goods or services Introduction Ind AS 115 Revenue from contracts with Customers talks about revenue recognized in financial statements. There is a 5-step model to recognize the revenue. Here we will talk about Step 2 of such a model, i.e., identifying the Performance Obligation. For
Table of Contents Introduction Recap of Budget 2022. ICAI Pre-Budget Recommendations Introduction Budget 2023 is fast approaching, so it’s time to take a look back at Budget 2022 and see what’s in store for the upcoming budget. Everyone is eagerly anticipating the incoming 2023 budget with high expectations. In its pre-budget memorandum 2023, the ICAI
Recap of Budget 2022 and Pre-Budget 2023 Read More »
Table of Contents Introduction The Auditor’s Assurance Regarding Prospective Financial Information Acceptance of Engagement Knowledge of the Business Examination Procedure Introduction The objective of this Standard on Assurance Engagement (SAE) is to establish standards and provide guidance on engagements to examine and report on prospective financial information, including examination procedures for best estimates and hypothetical
SAE 3400 The Examination of Prospective Financial Information Read More »
Table of Contents Introduction Definitions Reason to Believe Place of Business Inspection Situations when Inspection may be Conducted Places and People who can be inspected under GST Initiation of Inspection Search When and by whom search can be ordered under GST? Powers of Officers Authorized to Search Inspection V/s Search Seizure Procedure Duration for which
Inspection, Search, and Seizure Under GST Read More »
Table of Contents Brief Introduction Scope Objective How safeguarding provisions affects the Buyers Designated Project Account Details Disclosures of Project Additions and Alterations Specifying the exact carpet area is mandatory Others Safeguarding Provisions How RERA safeguarding the Builders/Promoters Conclusion Brief Introduction The Real Estate (Regulatory and Authority) Act, 2016 is an Act of the
Real Estate (Regulatory and Authority) Act, 2016- Blessing to Home Buyers or Builders Read More »
Table of Contents Introduction What are Virtual Digital Assets? VDAs Vs Digital Currency Classification of Virtual Digital Assets Taxation under head Capital Gains , Business Income and Income from Other Sources Treatment of Losses TDS Deduction u/s 194S Illustrations Introduction Cryptocurrencies, also known as virtual digital assets have emerged as one of the most talked-about
Virtual Digital Assets (VDAs)- A Detailed Analysis Read More »
Table of Contents Introduction Criteria for recognizing a contracts Term of contracts Combining Contracts Modification of Contracts Introduction Ind AS 115 Revenue from contracts with Customers talks about revenue recognized in financial statements. There is a 5-step model to recognize the revenue. Here we will talk about Step 1 of such a model, i.e., identifying
