A company’s revenue and operating income can end up as two very different numbers. Below is an example where operating income and revenue are highlighted to illustrate the differences between the two ...
TDS is a specific amount that is deducted when a certain payment like salary, commission, rent, interest, professional fees, etc. is made.The TDS rates are set on the basis of the age bracket and ...
Prior to the new accounting standards update, the information provided in income statement expense disclosures is tied largely to Securities and Exchange Commission presentation requirements in ...
However, don’t relax just yet, as a rosy cash flow statement can be misleading. For example, you may have received a chunk of revenue, but significant expenditures may be on the horizon. Examine other ...
Chapter V The fifth chapter is about incomes of other individuals that form part of the assessee's income ... Transactions mode undertaking. Taxability of income. Statement of financial transactions.