Category Archives: Finance

GST – An overview

The Government of India has implemented GST w.e.f. 01.07.2017. The acronym  ‘GST’ Stands for Goods and Services Tax.  GST is foreseen to be the biggest taxation reform after independence that has been chosen by the Government of India and that … Continue reading

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Financial Literacy in India

Financial literacy means the ability of an individual to understand how money works in the economy and to be able to take an informed and an optimum decision pertaining to all financial matters. According to a global survey, around 76% … Continue reading

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Changes in the Income Tax after the release of Finance Budget 2017

The Finance minister Arun Jaitley presented the Union Budget for the fiscal year 2017-18 . He announced various changes in the existing rate of taxation for individuals. It’s been proposed to cut the tax rate for the taxable income of … Continue reading

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Common habits of successful investors

Every Investor does not take the full advantage of his investments. Building wealth and achieving long-term goals has been proven the main aim of investors time and again. What separates the successful investors from the remaining investors? Various researches have … Continue reading

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IT: A Revolution in Accounting

Accounting is the language of business i.e. it facilitates the communication of information of an entity to its users. Development in information technology has considerably enhanced accounting systems and altered economic life. Computers and other technologies have increased office productivity … Continue reading

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Impact of Introduction of Income Computation and Disclosure Standards on Corporate Sector in India

Year 2010 witnessed changes in the reporting environment in India as ministry of Corporate Affairs announced a roadmap for convergence of Indian Financial Reporting with IFRS in a phased manner. How these changes in reporting will impact the taxable income … Continue reading

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