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Archive: 03 January 2024

Posts in 03 January 2024

MCA Imposes Penalty on Company & Directors for Violating Section 135(5) of Companies Act, 2013

January 3, 2024 2559 Views 0 comment Print

Read about the penalty imposed on AECOM India Pvt Ltd and its directors by the Ministry of Corporate Affairs for violating section 135(5) of the Companies Act, 2013

How to verify and confirm subsequent events as part of audit procedures?

January 3, 2024 2397 Views 0 comment Print

Explore essential audit procedures for verifying subsequent events. From legal confirmations to reviewing financial transactions, these detailed examples guide auditors in ensuring accurate and timely financial statements.

How to authenticate Estimates during audit process?

January 3, 2024 687 Views 0 comment Print

Explore comprehensive audit procedures to authenticate estimates during the audit process. From understanding the estimation process to engaging external experts, fortify assurance on financial statements with practical examples and industry benchmarks.

How to authenticate Legal expenses during audit process?

January 3, 2024 2976 Views 0 comment Print

Discover essential audit procedures to authenticate legal expenses, safeguarding financial statements’ integrity. From supporting documentation to external confirmations, gain insights into accurate accruals and provisions.

NFRA Penalizes CA Rs 50 Lakhs for Misconduct in Section 80JJA Report

January 3, 2024 54141 Views 0 comment Print

NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for Quess Corp Ltd.

Regulatory Updates: December 2023 | Company, SEBI, RBI & Insolvency Law

January 3, 2024 1179 Views 0 comment Print

Stay informed with key updates in Company Law, SEBI, RBI, and Insolvency Law for December 2023. Essential changes and notifications explained.

Related Party Transactions: AS 18 vs. Transfer Pricing in India

January 3, 2024 6720 Views 0 comment Print

Explore intricacies of Related Party Transactions under AS 18 and Transfer Pricing in India. Understand control, influence, disclosure requirements and how arm’s length principle is applied.

EPFO Extends Deadline for Employers: Upload Pension on Higher Wage Details

January 3, 2024 1008 Views 0 comment Print

EPFO grants a five-month extension to employers for uploading wage details regarding pension on higher wages. Learn about the latest deadline and compliance details.

Draft Rules on Gas Meters for comments from stakeholders

January 3, 2024 702 Views 0 comment Print

Draft Rules on Gas Meters have been released for public feedback. Access the document on our Department’s website www.consumeraffairs.nic.in. Your valuable comments are invited until 12.01.2024. Kindly submit your insights to dirwm-ca@nic.in or ashutosh.agarwal13@nic.in.

Amendments to Central Tax Rates 2024: Key Changes in Notification 01/2017

January 3, 2024 4728 Views 0 comment Print

Explore the latest amendments to Central Tax Rates in 2024. Notification 01/2017 updated with crucial changes. Learn about modifications, effective from January 4, 2024

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