Guidance Note on Accounting for Depreciation in Companies

The council of the institute of Chartered Accountants of India has issued accounting standard (AS) 6 on ‘Depreciation Accounting’. This standard lays down general principles of accounting for depreciation applicable to all entities. As such, the Standard is applicable to companies also in matters where there are no specific requirements under the companies Act. AS … Continue reading Guidance Note on Accounting for Depreciation in Companies

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Duties and Responsibilities of a Tax Consultant:

Tax consultants, referred to as tax advisers and are trained in tax law. They understand the regulations regarding business and individual taxes and advise clients on how to comply with both federal and state tax legislation. Tax consultants provide their clients with financial and tax-related advice. They meet with client over the phone and-in person … Continue reading Duties and Responsibilities of a Tax Consultant: