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Archive: 30 March 2025

Posts in 30 March 2025

Deloitte Inspection: NFRA Notes Progress, Flags Lingering Issues

March 30, 2025 2793 Views 0 comment Print

NFRA’s 2023 inspection of Deloitte Haskins & Sells LLP finds improvements but notes ongoing issues in key audit areas.

NFRA Series on Auditor-Audit Committee Interaction: Related Party Audits

March 30, 2025 1689 Views 0 comment Print

NFRA highlights auditor responsibilities in related party transactions, emphasizing compliance with Ind AS 24, SEBI regulations, and the Companies Act 2013.

Audit Strategy & Planning – SA 300: NFRA’s Guidance for Auditors

March 30, 2025 1545 Views 0 comment Print

NFRA outlines audit strategy and planning requirements, emphasizing auditor communication with audit committees and compliance with auditing standards.

FAQs on SEZ Compliances for IFSC Units

March 30, 2025 3324 Views 0 comment Print

Learn about SEZ provisions for IFSC units, mandatory approvals, and the role of IFSCA Administrator under SEZ Act for unified regulatory compliance.

NFRA Finds Unresolved Issues in Walker Chandiok’s 2023 Audit Inspection

March 30, 2025 1458 Views 0 comment Print

NFRA’s 2023 inspection of Walker Chandiok & Co. LLP reveals ongoing issues in independence and audit procedures.

NFRA Finds Continued Independence Issues at SRBC & Co. LLP in 2023 Inspection

March 30, 2025 1413 Views 0 comment Print

NFRA’s 2023 inspection of SRBC & Co. LLP highlights audit quality issues, independence concerns, and compliance with auditing standards and ethical requirements.

Amendment to Form 3CD wef 1st April 2025 – Key Highlights

March 30, 2025 23964 Views 0 comment Print

Discover the highlights of the Form 3CD amendments effective April 1, 2025, including new clauses for cruise ships and MSMEs.

Co-Ownership Doesn’t Always Mean Joint Tax Responsibility

March 30, 2025 2133 Views 0 comment Print

Mumbai ITAT rules co-ownership doesn’t imply tax liability. Sale proceeds taxed only for the beneficial owner, not co-owner in Vinod Nihalchand Jain case.

GST Amnesty Scheme Deadline Looms; CBIC issues Clarifications & amended Rules

March 30, 2025 3642 Views 0 comment Print

CBIC clarifies GST amnesty payment via GSTR-3B, amends Rule 164 for partial period demands. Deadline nears for relief under Section 128A.

FAQs on Availment of Benefit under Section 128A of CGST Act, 2017

March 30, 2025 4872 Views 0 comment Print

Learn about Section 128A of the CGST Act, eligibility, payment process, deadlines, and procedural clarifications for availing waiver of interest or penalty.

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