GARG ONE STOP PROFESSIONALS

Category: Blogs

  • Important Points in Proposed Scheme Changes By ICAI

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    Veltro
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  • ACCOUNTING CONCEPTS AND PRINCIPLES

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    Veltro
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    ACCOUNTING CONCEPTS Accounting concepts define the assumptions on the basis of which financial statements of a business entity are prepared. The word concept means idea or notion, which has universal application. These concepts are based on such assumptions and conditions which form the basis upon which the accounting has been laid. These accounting concepts lay…

  • ACCOUNTING STANDARDS

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    Veltro
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    To present the financial results of a business to various Stakeholders by means of Financial Statements through the Language of Business i.e. the ACCOUNTING there should be a proper regulated process else it might lead to no transparency, no consistency, no comparability, no adequacy, no reliability, no true and fair view of the financial statements…

  • MEANING AND SCOPE OF ACCOUNTING

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    Veltro
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    A. MEANING OF ACCOUNTING Accounting is the art of recording, classifying, and summarising in a significant manner and in terms of money, transactions, and events that are in part at least of a financial character and interpreting the results thereof. The terms “Financial Reporting” and “Accounting” are often used as synonyms for practitioners’ accounts. The…

  • BUDGET 2022 HIGHLIGHT’s

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    Veltro
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    Change of Rates in the Financial Year 2022-23 and the Assessment Year 2023-24:- Rates of Income Tax for the Financial Year 2022-23 and the Assessment Year 2023-24 is same as for the Previous Financial Year 2021-22 and the Previous Assessment Year 2022-23. Few changes in Surcharge has been made as on the Long Term Capital…

  • GOODS AND SERVICES ACT, 2017

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    Veltro
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    INTRODUCTION: The GOODS AND SERVICES (GST) journey began in the year 2000 when a committee was set up to draft a law. It took 17 years from then for the Law to evolve. In 2017, the GST Bill was passed in the Lok Sabha and Rajya Sabha, and on 1st July 2017, the GST Law came…