Recurring accounting errors in non-corporate financials and audit assignment limits for Chartered Accountants are outlined, impacting reporting accuracy.
Discover frequent errors in corporate financial statements, including misclassifications, incorrect depreciation, revenue recognition issues, and disclosure failures. Learn to ensure accurate reporting.
Understand the GST Composition Scheme: eligibility, benefits, restrictions, rates, and compliance for small taxpayers in India under the CGST Act.
In Financial Year (FY) 2024–25, a change in the applicable TDS rate on rent under Section 194-IB has created confusion among many tenants and property managers. Specifically, if rent payments after October 1, 2024, are subject to a reduced TDS rate of 2% instead of 5%, but you mistakenly deducted or deposited tax at the […]
Compare the old and new tax regimes for FY 2025-26 to find out which one suits your financial situation, with details on exemptions, deductions, and tax slabs.
ICAI issues new financial statement formats for non-corporate entities, effective FY 2024–25, standardizing reporting and disclosures.
Introduction Mismatches between invoices filed by suppliers and returns submitted by recipients are significant issue taxpayer’s face when claiming input tax credits. A new system has been introduced on the GST portal to help taxpayers easily correct or amend invoices with their suppliers. This will make it easier for them to match their records with the […]
Learn about the RERA Act, 2016—its purpose, impact, and penalties for non-compliance. Ensure transparency in real estate transactions with RERA regulations.
Key proposals of the Union Budget 2025 focus on tax slab revisions, TDS changes, NPS Vatsalya benefits, and simplified compliance.
Explore tax obligations on immovable property transactions, including TDS, GST, and penalties. Learn how to ensure compliance and avoid costly errors.
