Business valuation in India

Business valuation in India

March 15, 2023Posted inAdvance AccountingNo Comments
Business valuation refers to the process of determining the economic value of a business, based on its financial and operational performance, market conditions, and other relevant factors. In India, business valuation is an important process that is used for various purposes such as mergers and acquisitions, initial public offerings (IPOs), tax planning, and dispute resolution.
What is Financial forecasting in India

What is Financial forecasting in India?

March 14, 2023Posted inAdvance AccountingNo Comments
Financial forecasting in India refers to the process of estimating future financial performance of a company, government or any other entity based on historical financial data and other relevant information. Financial forecasting is commonly used by organizations to plan and make decisions about their future financial operations.
What is Company Law

What is Company Law?

March 14, 2023Posted inAdvance AccountingNo Comments
Company law, also known as corporate law, is the legal framework that governs the formation, operation, and dissolution of companies. In India, company law is governed by the Companies Act, 2013 and the rules and regulations set forth by the Ministry of Corporate Affairs (MCA).
What is Commerce

What is Commerce?

March 11, 2023Posted inAdvance AccountingNo Comments
Commerce is the buying and selling of goods and services, typically on a large scale. It includes the exchange of goods and services between businesses and consumers, as well as between businesses and other businesses. It is a broad term that encompasses many different industries and activities, including retail, wholesale, manufacturing, and transportation. Additionally, commerce can also include the exchange of information and ideas, such as through advertising and marketing.
What is Budgeting in India

What is Budgeting in India?

March 11, 2023Posted inAdvance AccountingNo Comments
Budgeting in India refers to the process of preparing, presenting, and executing the annual financial plan of the Government of India. The budget is a detailed statement of the government's expected revenues and expenditures for the upcoming financial year, which runs from April 1st to March 31st of the following year.
What is the Auditing Standards in India

What is the Auditing Standards in India?

March 11, 2023Posted inAdvance AccountingNo Comments
Auditing standards in India are the guidelines and principles that are established by the Institute of Chartered Accountants of India (ICAI) for the conduct of audits in the country. These standards provide a framework for the planning, execution, and reporting of audits, and are intended to ensure that audits are conducted in a consistent and professional manner.
What is the Tax laws in India

What is the Tax laws in India?

March 11, 2023Posted inAdvance AccountingNo Comments
Tax laws in India refer to the legal framework and regulations that govern the imposition, collection, and enforcement of taxes in the country. These laws are set forth by the government and administered by the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
Tax Planning in India

Tax Planning in India

March 11, 2023Posted inAdvance AccountingNo Comments
Tax planning in India refers to the process of organizing one's financial affairs in such a way as to minimize tax liability, while still staying within the limits of the law. It involves identifying tax-saving opportunities and taking advantage of them to reduce the amount of tax that a person or business has to pay.
Tax Compliance in India

Tax Compliance in India

March 11, 2023Posted inAdvance AccountingNo Comments
Tax compliance in India refers to the process of fulfilling one's legal obligations under Indian tax laws and regulations. It involves meeting the various tax-filing and reporting requirements set out by the Indian government, such as filing tax returns, paying taxes, and keeping accurate records.
What is Forensic Accounting and Fraud Examinatio

What is Forensic Accounting and Fraud Examination?

March 11, 2023Posted inAdvance AccountingNo Comments
Forensic accounting is the application of accounting, auditing, and investigative skills to assist in legal matters. It involves the examination of financial information to investigate and prevent fraud, and to provide evidence in legal proceedings such as civil lawsuits, criminal trials, and regulatory enforcement actions. Forensic accountants may also be involved in disputes and litigation, such as determining damages in a breach of contract case, or providing expert witness testimony in court.