Role of Forensic Accounting in Fraud Prevention Forensic accountants play a crucial role in investigating financial crimes by applying specialized skills to detect, analyze, and prevent fraudulent activities. Their work encompasses a range of techniques and methodologies that are essential for maintaining financial integrity in various sectors. Forensic accounting is a specialized field that focuses […]
Learn the process and benefits of converting OCPS and CCPS into equity shares, including strategic uses, procedural steps, and implications for shareholders.
Learn about the waiver of interest and penalties under Section 73 for GST demands from FY 2017-18 to FY 2019-20, based on recent government notifications.
IRDAI fined Marsh India ₹1 crore for violating regulations on premium remittance delays exceeding 15 days. The broker failed to comply with required timelines.
Signing of the assessment order was an integral part of order generation in e-assessment and the assessment proceedings conclude only after the order was digitally signed, therefore, signing of the assessment order should not be brushed aside lightly.
ITAT Raipur held that belated return of income filed by payee u/s. 139(4) satisfies the 1st proviso to section 201(1) of the Income Tax Act hence assessee cannot be treated as ‘assessee in default’.
ITAT Cuttack held that difference between the sales declared in the profit and loss account and as per the cash book entire added by PCIT without providing sufficient opportunity to reconcile the same. Thus, AO directed to examine the issue.
ITAT Delhi held that even though assessee is not the owner of the Airport Metro Express Line Project it has right to collect fare from commercial operations. Thus, depreciation is eligible on such intangible assets as per provisions of section 32(1)(ii).
IFSCA amends the 2021 insurance regulations, simplifying application forms and reinsurance options. Changes come into effect upon Gazette publication.
Overview of IFSCA’s 2024 regulations governing authorization and operation of payment systems in International Financial Services Centres (IFSCs).
