Gross Working Capital
Gross working capital is a valuable metric for determining a company's accessible cash flow inside an organization. As a result, it plays an important role in accounting procedures, assisting both firm owners and financial analysts in making important financial decisions. To guarantee total profitability, however, business owners must implement strategies to effectively manage gross working capital. Gross working capital is [...]
Asset Reconstruction Company
Asset reconstruction companies (ARCs) is a type of finance company in India. They were formed as part of steps taken by the Government to clean up the balance sheets of banks and financial institutions and help revive the credit and investment cycle in India. The ARC industry was born out of the Recapitalization and Financial Services Industry Development Act 2002. [...]
Input Tax Credit on Capital Goods
The goods and service tax (GST) introduced a new concept of Input Tax Credit capital goods which is similar to that of VAT but with an important difference that the former will allow a set-off only on output rather than on both import and exports as in case of VAT. This would bring an inconsistency between two different taxation systems [...]
Cost Inflation Index
The Central Government fixes the cost inflation index and publishes it in its official gazette for measuring inflation. This index, notified each year by the Government is defined under Section 48 of the Income Tax Act, 1961. As per section 48(2) of the Income Tax Act "the CII" shall be deemed to be 686 for the assessment year relevant to [...]
Dividend Distribution Tax
The Dividend Distribution Tax (DDT) is a tax levied on total dividends distributed by domestic corporations to their shareholders. The amount of DDT payable shall be determined according to the number of shares held by each shareholder and whether or not such shares are listed or unlisted. For listed shares, if a shareholder disposes of its whole holding in that [...]
Impeachment of President in India
The Indian constitution provides for impeachment of the President by Parliament on one or more grounds of alleged incapacity or misuse of powers. The process is initiated in the Lok Sabha which may pass a resolution supported by not less than two-thirds of its total membership, to remove the President from his office. The motion in Lok Sabha can be [...]