Tax Technology

G-7 tax deal and its impact on India

G-7 tax deal and its impact on India

Introduction The G-7 is a group of seven countries including the USA, the UK, Canada, France, Germany, Japan and Italy. This is an informal group without any legal backing; however, the fact that these countries account to approximately 40% of the Global GDP and 10% of the world population, their say in any matter becomes …

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Digital Banking & Road Ahead

Banking Goes Digital

Introduction The digitisation of the financial sector began in the early 90s when Automated Teller Machine (ATM) and Electronic Fund Transfers (EFT) were introduced. Subsequently, internet banking was approved in India, followed by the National Electronic Fund Transfer (NEFT), Immediate Payment System (IMPS), RTGS, etc. Recently, India has been engulfed in the UPI or digital wallet payment system. With a motive …

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Evolution Of Fintech: Journey Through The Ages Of Financial Management

Evolution Of Fintech Journey Through The Ages Of Financial Management

Financial Technology or Fintech are innovations such as software, mobile applications, or algorithms that bring together the business owners and financial expertise at a single platform and enhance & automate the financial service offerings. The Finance industry has expanded and observed global Fintech funding surpassing $9 Billion in the second quarter of 2020. It encouraged …

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Bank Statement Analysis: Crucial For Banks & NBFCs

Bank Statement Analysis: Crucial for Banks and NBFCs

Introduction A bank statement is the summary of the inflows and outflows of any particular account holder during the specified time period. It is the bank’s transactional history which is usually considered to be robust documentation for assessing any account holder’s financial health. All sources of revenues, expenses, withdrawals, overdraft payments, credit card payments, etc. …

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Tax Data Management With The Aid Of Technology

Tax Data Management With The Aid Of Technology

While a lot of organisations may not consider data management a task for which technology is required, technology when used appropriately in data management gives information; Information that is useful, meaningful, and has real value. Why Tax Data Management? In the last two decades, the organisation’s needs with respect to data have drastically changed. Earlier, …

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