Decoding Deferred Tax Liability: Why It Doesn't Count Towards Net Worth Vinu: Hey Manu, I’ve been reading about financial statements, and I came across something called Deferred Tax Liability (DTL). Can we consider Deferred Tax Liability as part of a company’s net worth? Manu: That’s a great questio...
Understanding Minimum Alternative Tax (MAT): Ensuring Fair Corporate Taxation Vinu: Hey Manu, I came across something called Minimum Alternative Tax (MAT) while reading about corporate taxes. Can you explain what it is? Manu: Of course, Vinu! MAT is a provision under the Indian Income Tax Act, intro...
Understanding Form 3CB and 3CD: A Guide to Tax Audits in India Vinu: Hey Manu, I’ve been hearing about Form 3CB and 3CD, and I’m a bit confused. How do I know if these forms are applicable to a firm or a company? Manu: Good question, Vinu. Forms 3CB and 3CD are part of the tax audit process in India...
Leveraging GST Data: How Banks Evaluate Borrowers for Business Loans Vinu: Hey Manu, I've been hearing a lot about how banks are using GST data to evaluate borrowers for business loans. Can you explain how that works? Manu: Sure, Vinu. GST data provides a detailed and reliable financial snapshot of ...