Author: Jesna John K

The W-8 form is a series of forms used by foreign individuals and entities to certify their non-U.S. status to the United States Internal Revenue Service (IRS). These forms are required by financial institutions and other withholding agents when dealing with non-U.S. persons. Here are some common types of W-8 forms: W-8BEN: Certificate of Foreign… Continue reading W-8 Form

Risk-Adjusted Return on Capital (RAROC) is a financial metric used to evaluate the potential return of an investment or business activity in relation to the associated risks. It is particularly employed in the banking and financial industries to assess the performance of various financial products and to make informed decisions regarding capital allocation.  Key points… Continue reading Risk Adjusted Return on Capital

IFRS 15, or the International Financial Reporting Standard 15, is a global accounting standard that provides guidance on the recognition, measurement, and disclosure of revenue from contracts with customers. It was issued by the International Accounting Standards Board (IASB) and became effective for annual reporting periods beginning on or after January 1, 2018. The standard… Continue reading IFRS 15

Software Technology Parks of India (STPI) is an autonomous society under the Ministry of Electronics and Information Technology, Government of India. STPI was established with the primary objective of promoting software exports and providing various services to the software industry.  Objectives of STPI:  Promotion of Software Exports: STPI aims to promote and facilitate the export… Continue reading Software Technology Parks of India(STPI)

The Annual Return (Form 11) is a crucial regulatory filing required for Limited Liability Partnerships (LLPs) in India. It is filed with the Registrar of Companies (RoC) as part of the compliance obligations for LLPs. Form 11 contains information about the LLP’s management, partners, and financial details for the previous financial year. Here are the… Continue reading Form 11

Form 8 is a document related to Limited Liability Partnerships (LLPs) in India. It is used for the filing of a statement of account and solvency by LLPs. This form is required to be filed annually with the Registrar of Companies (RoC) in India. Form 8 contains information about the financial position of the LLP,… Continue reading Form 8

As per the Kerala Municipality Act 1994, professional tax is levied on every individual’s income, including lawyers, Chartered Accountants, entrepreneurs, etc. However, the amount of tax payable varies depending on your income slab as set by the state government. According to the Income Tax Act 1961, the total amount of professional tax you pay in… Continue reading Professional Tax in Kerala

Several tax compliance software solutions were widely used in India to help businesses and individuals meet their tax obligations. However, the popularity of specific software solutions may change over time as new products emerge and existing ones evolve. Here are some well-known tax compliance software solutions that were commonly used in India: Tally ERP 9:… Continue reading Tax compliance software solutions used in India

Supply chain finance, also known as supplier finance or reverse factoring, is a financial strategy that optimizes the cash flow and working capital of a supply chain ecosystem, which typically includes buyers, suppliers, and financial institutions. The primary goal of supply chain finance is to improve the financial stability of all parties involved in the… Continue reading Supply Chain Finance

Blockchain in accounting refers to the use of blockchain technology in various accounting processes, particularly in recording and verifying financial transactions. Blockchain is a decentralized and distributed digital ledger technology that allows multiple parties to maintain a shared record of transactions in a secure and tamper-proof manner. Here’s how blockchain is applied in accounting: Transaction… Continue reading Blockchain and Accounting