Dec13
2017
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".
Dec12
2017
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.
Dec05
2017
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.
Nov27
2017
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:
Nov20
2017
What is Presumptive Taxation Scheme?
Despite being an important task, maintaining books of accounts become very tedious particularly for small businesses operating at relatively lower profit margins and scale. To give relief to such small businesses, The Income Tax Department has provided for provisions of Presumptive Taxation Scheme. Under Presumptive Taxation Scheme, an assessee does not require to maintain books of accounts. On the other hand, a prescribed percentage of total turnover is presumed to be the profit for the respective financial year. The tax is payable on such presumed amount of profit.
Nov17
2017
GST is capable of boosting India's GDP or Gross Domestic Product rate by 1.5-2 percent over the long term. This tax will deliver significant benefits by improved taxation efficiency and ease of doing business. The notion of ‘One Nation, One Tax’ converts India into a huge common market. The proposed system is more transparent, more paperless, but requires greater compliance as well. Prior to GST, indirect taxes in India have driven businesses to restructure and model their supply chain and systems owing to the multiplicity of taxes and costs involved. GST regime is going to be proved as business-friendly and pro-development tax reform in the long run.
