MASD endeavors to bring the latest information to you. Our topic includes business compliance, Internal audits, Global events (that impact the Indian economy), GST, etc. Furthermore, we cover GST news, Finance industry news, RBI norms, and the Companies Act 2013.
Introduction Internal audit and business process are closely linked as the primary functions of internal audit are to provide assurance on the effectiveness of an organization’s internal control and risk management processes whereas business process refers to a series of linked activities that are performed to achieve a specific objective. Starting from the procurement of […]
Revenue-based financing (RBF), also known as royalty-based financing, is a method of raising capital for a business from investors who receive a percentage of the enterprise’s ongoing gross revenues in exchange for the money they have invested. Revenue-based financing is an alternative to Debt financing and Private Equity Financing. In an RBF arrangement, investors receive a […]
Introduction: – Wastage of inventories, pilferage, dormant or obsolete stock can be huge drawback for developing as well as developed businesses. Stock Audit can act as a safeguard against such mess. A Stock Audit is process of verifying the inventory recorded in the books with the actual inventory in the warehouse. In Manufacturing and trading […]
Are you looking for a simple & efficient way to manage your books of accounts? If so, then Zoho Books may be the solution you need. Zoho Books is a cloud-based accounting software that helps businesses manage their financials, including invoicing, expenses, & bank transactions. It offers a wide range of features for accounting, stock […]
The Hon’ble Finance Minister presented the budget for the fiscal year 2023-24 with the basic intention of minimum government – maximum governance and reduction of overlapping compliances. In the same spirit and in order to increase the popularity of new tax regime among individuals and HUFs, the Government has announced majority of its amendments in […]
Introduction The contemporary market requires a fresh strategy to compete. Building on its momentum from the epidemic and outperforming predictions from the previous two years, manufacturing has seen strong strength in 2022. Although the total demand and production capacity have reached recent highs, there are signs that the picture may not be as favourable in […]
The trending topic for discussion especially towards end of the financial year is investors looking for investment opportunities and tax saving scheme. This is when ELSS & ULIP schemes step in. What are ELSS Funds? ELSS funds (Equity Linked Savings Scheme) are the only type of mutual funds eligible for tax deductions under section […]
Background Sarbanes Oxley Act (or SOX Act) is a U.S. law which was passed on July 30, 2002. Witnessing a number of high-profile accounting scandals in the U.S., including Eron, Tyco, WorldCom, and the bursting of the dot-com bubble in the late 1990s, which resulted in huge losses to the investor & badly impacted the […]
Introduction: – Shrinkflation is downsizing the size of the product while maintaining the price. To define it economically, shrinkflation is the practice of retaining the price of the products, while the quantity or the size is reduced. It is a form of hidden inflation. Instead of increasing the price which becomes evident to the consumers, […]
The GST Council along with the Union Finance Minister Via virtual mode during their 48th meeting recommended various changes in the gst tax rates and ways to facilitates trade and streamlining the procedures in Gst Compliances. NOTE: These changes will come into effect from the date of such notification or the date mentioned in such […]
In India, institutions set up for social causes and approved by the Income Tax Department get not only exemption from tax payment but also the donors to such trusts can deduct the amount of donation to the trust from their taxable income. Companies formed under Section 8 of the Companies Act 2013 for promoting charity also receive […]
Introduction In our earlier article on Why Environment, Social and Corporate Governance is crucial to business we laid out the foundation on ESG`s applicability, considerations and benefits. Moving ahead, we direct our efforts to the Reporting aspects of Business Responsibility and Sustainability Report (BRSR) What purpose does BRSR serve? It helps the stakeholders to analyse […]