India, Switzerland sign Joint declaration on bank account holders

November 23, 2016

As a step towards fighting black money stashed abroad, ‘Joint Declaration‘ for implementation of Automatic Exchange of Information (AEOI) has been signed between India and Switzerland. This will lead to automatic sharing of information regarding the Swiss bank accounts held by Indians as of September 2018 and onwards. However,...

Principles of Budgeting

November 23, 2015

There are a few principles followed in budget preparation exercise. These are as follows: Principle of Annuality This implies that a budget is prepared every year on annual basis. One year is considered ideal period for budget because it’s an optimum period for which the legislature can afford to...