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2017

New Blog11

The Bitcoin has become the talk of the town nowadays. It is the most sung buzzword in all media be it print or digital. People across the world are excited about Bitcoins. However, very few of us actually know about bitcoins. In this blog, we will zero in on the Bitcoins and other keywords associated with bitcoins.

2017

Blog29

“The hardest thing in the world to understand is the Income Tax.”- This quote has come from an all-time great scientist and genius Albert Einstein. Indeed, taxation laws are highly complex. Entrepreneurs, traders, and individuals often get baffled in computing tax on their income. One of our taxable incomes is interest on FD or any investment.

Banks, by rule, have to deduct TDS (Tax Deducted at Source) when your interest income is more than INR 10000 a year. The bank includes all your deposits, from all the branches, to calculate this income. But what if our total income is below the taxable limit? The government has given the provision to request banks not to deduct any TDS on interest if our income is not taxable. Forms 15G and 15H are used for this purpose.

2017

Blog27

What is a Central Bank / National Bank?

The Central Bank, also known as National Bank or Reserve Bank in some countries, is an apex monetary authority in a country. It is an institution that manages and oversees a country's money supply, inflation and interest rates. It regulates the commercial banking system and acts as watchdog and regulator of other banks of a country. A Central Bank of a country acts as a banker and financial adviser to the government. Due to its pivotal role in the banking system, it is also known as "lender of last resort".

2017

Blog26

તેઓ થોડા રૂપિયા જેવા છે ને થોડા નાણાકીય પરપોટા જેવા છે. હા, આ વાત છે બીટકોઇનસની, જે અચાનક સર્વવ્યાપક બની ગયા છે અને આપણને ભવિષ્યનું ચલણ કેવુ હશે ઍની ઝાંખી બતાવી રહ્યા છે.

ફક્ત 48 કલાકમાં 4000 ડૉલર વધીને બીટકોઇનનો ભાવ બિટ્સટૅંપ ઍક્સચેંજ પર 16000 ડૉલર સુધી પહોચી ગયો છે. છેલ્લા થોડા સમયથી કૂદકે ને ભૂસ્કે વધી રહેલી બીટકોઇનસની કિંમતે આખી દુનિયાનું ધ્યાન ખેંચ્યુ છે. હમણા જ આપણી રિજ઼ર્વ બેન્કે બીટકોઇનસ ની લે-વેચને લયિને ત્રીજી ચેતવણી આપી છે.ચાલો સમજીયે આ અદભૂત ક્રિપ્ટૉકરન્સી ને.

2017

New Blog7

Need for Accounting Standards:

Gone are the days when the size of the businesses were small and the investment into that business was limited to a single trader or his family members. However, the business world has changed upside down in the modern era. Nowadays, investors put their money into thousands of different companies across the world. Similarly, the government and tax authorities are also interested in understanding the true and fair view of the financial position of the businesses. Because of these factors, the scope of accounting records is widened. Hence, accounting records are the vital source of information not only for the finance managers but also for millions of investors who invest in the business.

2017

 

New Blog6

Contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event such as the outcome of a pending lawsuit. A contingent liability is a potential liability...it depends on a future event occurring or not occurring. Because it cannot be determined whether the amount must be paid until events unfold, the company's likelihood of loss is scored as one of the following:

  1. Probable - The future event or events are likely to occur.
  2. Reasonably possible - The chance of occurrence of future events is between probable and remote.
  3. Remote - The chance of future event or events occurring is slight

Financial Management