Percentage of sales method: What it is and how to calculate

This forecasting method uses estimated overarching sales growth to determine changes to any financial line items that directly correlate to sales. This is commonly done by percentage — if you know the percent amount your sales will increase, you can apply that to all line items as well, both assets and expenses. This includes things like […]

CBDT: latest Circulars, Instructions, Notifications, E-Assessment Directory of Legal & Accounting Professionals

It summarizes the legislative amendments made to the Income-tax Act 1961 and also the various circulars and instructions issued by the CBDT. Through Computer Aided Scrutiny Selection (CASS), cases are being selected in two categories viz. CASS is a system-based method for scrutiny selection which identifies the cases through data-analytics and three-hundred sixty degree data […]

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