With the advent of Financial Year 2020-21, dividend taxation in India has completely gone upside-down. The new provisions have again asked the recipient of dividend to pay taxes instead of the company who was distributing the dividends. The changes in…
Broadened TCS provisions In India
The Finance Act, 2020 has introduced several modifications in the Indian taxation thereby enlarging the scope of applicability of TCS provisions. AKGVG & Associates has summarized the amendments brought about in TCS provisions by the Finance Act, 2020 for ease…
Importance Of Business Valuation
A common myth among many businesses is that they ought to know their company’s valuation only when they are looking to sell it. And this is where the businesses end up getting less than what they desire in terms of…
Forensic Accounting And Fraud Detection
Forensic Accounting has picked up its pace in recent times because of the depth in investigation that it brings to the table. It is a process of accounting wherein the professional forensic accountants use their investigation acumen to look into…
Implications Of COVID On Valuations For Financial Reporting
The pandemic COVID-19 outbreak and subsequent lockdown has severally affected global economies which have resulted in business disruption, volatility and significant fall in revenue of the companies worldwide. Valuers while doing valuation for financial reporting or other purposes are required…
Challenges in Conducting Internal Audit During COVID Times
We are more than aware of the challenge that the ongoing COVID19 situation has thrown at us. The impact has been so sudden that the business as well as audit teams were compelled to change the fundamental way of working…
Analyzing a Payroll Service Provider
Gone are the days of having traditional, inconvenient in-house payroll systems. There are more reasons than one to do so with major reasons being they’re repetitive, complicated and prone to human error. If you switch to a payroll solution, it…
What is marketing audit and its advantages?
It comes as no surprise that marketing whether traditional or digital, shapes up the businesses. In order to get consistent results from all the marketing put in place, it is important to have a regular evaluation with regards to how…
Foreign Exchange Management Act (FEMA), Its Meaning And Regulations
FEMA stands for ‘Foreign Exchange Management Act’. This is an official act amends and implements laws regulating foreign exchange in India. FEMA was established with the objective of “facilitating external trade and payments and promoting the orderly development and maintenance…
Studying Coso’s 4 Components Of Internal Control Over Financial Reporting
One of the first requisites for a company’s management is the formulation of reliable financial data. If the business is handled efficiently, it can have a logical consequence which can give access to accurate information that determines the decision making…