In India, when you buy a property, you are required to pay 1% of the sale agreement value as TDS to the government. This is only applicable if the value is above 50 lakhs. Let’s say the property agreement value is 1 crore (100 lakhs). In that case, the TDS to be paid to the […]
(Image source: Shutterstock) The economy in India witnessed its biggest ever tax reformation with the introduction of GST (or Goods and Services Tax), which is necessarily a destination-based tax reporting structure. Under this tax regimen, business has to report every transaction of goods and services through the last mile, with a common invoice identifiable to […]
In yet another example in which the public of the world is made fun of, a consortium of journalists across the world have exposed big holes in the moral fabric of several world leaders, actors and other renowned personalities. The Panama Papers are a giant leak – 11.5m files from the offshore law firm, Mossack […]
A company’s accounting policies (such as depreciation choices, and valuation of assets) can cause differences in taxes reported in financial statements and taxes reported on tax returns. In this lesson “Income Taxes” we will learn about several issues relating to deferred taxes.
This video by Arif Irfanullah discusses the key aspects of income taxes, as a part of the CFA Level 1 syllabus. This is one of the most difficult sections in the CFA syllabus. This video discusses: Taxes Payable and Tax Expense Creation of Deferred Tax Liability Changes in Income Tax Rates Permanent Differences Effective Tax […]
This video by Arif Irfanullah discusses the key aspects of income taxes, as a part of the CFA Level 1 syllabus. This is one of the most difficult sections in the CFA syllabus. This video discusses: Accounting Profit, Taxable Income, and DTA Creation of Deferred Tax Liability (DTL) DTL and DTA Tax Base vs. Carrying […]