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Archive: 07 July 2024

Posts in 07 July 2024

Annual Return on Foreign Liabilities and Assets (FLA) under FEMA 1999

July 7, 2024 4335 Views 1 comment Print

FLA return is annual return required to be submitted by following entities which have received FDI and/or made FDI abroad (i.e. overseas investment) in previous year(s) including current year i.e., who holds foreign assets or/and liabilities in their balance sheets by 15th of July every year.

External Confirmation in Audits: Importance & Procedure

July 7, 2024 4776 Views 0 comment Print

Discover why external confirmation is crucial in audits, its reliability over internal evidence, and when auditors need it for financial verification.

Committee Constituted by MCA & FM recommends for major increase of scope of Cost Audit in India

July 7, 2024 9507 Views 2 comments Print

Discover the latest recommendations by MCA & FM’s Committee to expand cost audit rules in India. Explore changes in turnover limits, sector inclusions, audit formats, and more.

Bail Not to be Withheld As A Punishment: SC Warns High & Trial Courts

July 7, 2024 1635 Views 0 comment Print

Supreme Court’s landmark ruling in Javed Gulam Nabi Shaikh case reminds courts that bail is not a punishment. Emphasizes speedy trial and personal liberty.

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