Understanding the tax implications of transferring a partners share in a partnership firm. Learn about the rules and regulations surrounding income tax on partnership transfers.
Section 143 (11) of the Companies Act, 2013 stipulates that the Central Government may order for the inclusion of statement on specified matter in the auditor’s report for specified class or description of companies. Accordingly, CARO 2016 was issued in pursuance of Section 143 (11) of Companies Act 2013 for inclusion of the matters specified therein in auditors’ report.
