Auditors must have understanding of standards for reporting on ICAI’s revised summary financial statements. Get informed on new responsibilities and objectives of auditor under SA-810.
Understanding Section 43B(h) of the Income Tax Act regarding payments to MSME suppliers. New tax implications from AY 2024-25. Learn criteria, implications, and practical scenarios.
ICAI’s revised SA 805-Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement Introduction Scope of this SA 1. The Standards on Auditing (SAs) in the 100-700 series apply to an audit of financial statements and are to be adapted as necessary in the circumstances when applied […]
Revised SA-800 from ICAI: Learn about special considerations for audits of financial statements prepared with special purpose frameworks.
Supreme Court held that where duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback.
Bombay High Court held that it is well settled that it is not appropriate for a Court to hold a mini-trial at the stage of grant of temporary injunction
This article explores the key forms of automotive insurance that Indian vehicle owners should strongly consider to ensure complete protection on the country’s often chaotic roads.
ITAT Mumbai held that consideration for sale distribution or exhibition of cinematographic films would not fall under the domain of “Royalty” and accordingly TDS not deductible on the same.
Delhi High Court held that investigation for a period beyond 365 days not resulting in any proceedings relating to any offence under the Act, in terms of Section 8(3) of the PMLA Act, is that such seizure lapses. Thus, property so seized directed to be released.
Delve into the provisions of Income Tax Act Sections 153A & 153C, governing assessments after search or requisition. Learn from court rulings and expert interpretations.
