Why the crackers are banned? Delhi- The Delhi government has imposed a complete ban on the sale and usage of firecrackers this Diwali. This ban has been imposed till January 2022, as per the Delhi Pollution Control Committee, to curb the pollution levels in the city during the winter season. Why should we say no crackers? Crackers create high decibel sound and most people feel numbness in the ears after bursting crackers. It can also lead to deafness. Sulfur Dioxide, Nitrous Oxides and many other harmful gases are released because of crackers causing respiratory problems and diseases. We definitely don't...

What is permanently reinvested earnings? Defined as an accounting concept, permanently reinvested earnings are foreign earnings reinvested in the company outside the United States for longer-term operations; no income tax accrues for this amount. Foreign cash is simply foreign earnings held as operational cash by the foreign entity. Under what circumstances would a company record a deferred tax asset related to its outside basis in the stock of a foreign subsidiary? A deferred tax asset (DTA) for a tax-over-book outside basis in a domestic or foreign subsidiary may be recorded only if it is expected to reverse in the foreseeable...