Blogs & Articles

If you pay rent for office space, a shop, a warehouse, or even machinery — and your payments cross a certain threshold — the Income Tax Act requires you to deduct tax before making the payment. This is called TDS on rent, and it is governed by Section 194I of the Income Tax Act, 1961. Many tenants — especially small business owners and professionals — are unaware of this obligation. They pay rent in full without deducting TDS, only to receive a notice from the Income Tax Department later for non-compliance.

Accounting is the backbone of every business. Whether you're a business owner, accounting student, entrepreneur, or finance professional, understanding the Golden Rules of Accounting is essential for maintaining accurate financial records. These rules form the foundation of the double-entry bookkeeping system and help determine which account should be debited and which should be credited in every transaction. In this guide, we'll explain the three Golden Rules of Accounting with practical examples.

In today's risk-driven financial environment, banks and financial institutions must accurately assess credit risk and maintain adequate provisions for potential loan losses. This is where IFRS 9 Modelling plays a critical role. Introduced by the International Accounting Standards Board (IASB), IFRS 9 transformed the way organizations recognize and measure credit losses by replacing the incurred loss approach with an Expected Credit Loss (ECL) framework. As a result, financial institutions need sophisticated modelling techniques to estimate future credit losses more accurately.

Every growing business reaches a stage where additional capital becomes essential to expand operations, hire talent, purchase equipment, increase inventory, or enter new markets. While growth is exciting, choosing the right funding option can significantly impact a company's financial health and future success.