"CA with 10 years post qualification experience"
Definition:- Internal audit provides independent assurance on the effectiveness of internal controls and risk management processes to enhance governance and achieve organisational objectives What is key terms/features of Internal Audit Independence: Internal audit shall be an independent function, achieved through the position, organization structure and reporting of the internal auditor. An internal auditor is expected […]
Companies (Amendment) Ordinance, 2018 has brought in major changes in the many of the provisions of the Companies Act, 2013. In this article, author discusses major amendments by Companies (Amendment) Ordinance, 2018 mentioning Corresponding section of the Companies Act, 2013 Section – Companies (Amendment) Ordinance, 2018 Corresponding section of Companies Act, 2013 Amendments Declogging the NCLT […]
Indian Valuation Standard 103 – Valuation Approaches and Methods includes A) Market Price Method, Comparable Companies Multiple (CCM) Method, Comparable Transaction Multiple (CTM) Method, Discount for Lack of Marketability, Discount for Lack of Control (DLOC), Income Approach, Discounted Cash Flow (DCF) Method, Relief from Royalty (RFR) Method, Multi-Period Excess Earnings Method (MEEM), With and Without Method (WWM), Option Pricing Models, Cost Approach, Replacement Cost Method and Reproduction Cost Method
Circular No. 27/01/2018-GST dated 04 Jan 2018 (point no. 5) mentions applicability of threshold limit (of 10 or 20 lakhs under GST Act) to supplier under e-commerce business pertaining to business of Homestay. In case of other e-commerce operator registration is Mandatory for all supplier.
Cancellation of registration [Section 29 read with Rule 20-22]- Any Registration granted under the CGST Act may be cancelled by the proper officer either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such person.
Rameshwar Agrahari 1. Download the Form 61A utility from the https://report.insight.gov.in/reporting-webapp/portal/show-pre-download-page?utilities 2. executing the downloaded file fill in the respective details in each type of Transaction and validate and create xml file. 3. Download General Utility from the same ling as provided in point 1. And open it and browse the xml file created in […]
Services means Other than Goods, money and securities; includes activities relating to the use of money or its conversion by cash or by any other mode, from one form, currency or denomination, to another form, currency or denomination for which a separate consideration is charged. “Goods’’ means every kind of movable property other than money […]
Friends most of us face the challenge of calculating tax as per Income tax and AS 22. Here an effort is made to comprise all tax computation viz., Provision for Tax, MAT, Deferred Tax and allowance and disallowance of Depreciation under Companies Act and Income tax Act in one single excel file. Further to check […]
Explore the intricacies of Related Party Transactions under Companies Act, 2013, AS 18, and IND AS 24. This article delves into definitions, criteria, and approvals, comparing with Revised Clause 49 of SEBI Listing Agreement. Learn about disclosures, remedies, and penalties for non-compliance, gaining insights into the evolving regulatory landscape. Uncover the details required for comprehensive reporting and compliance, ensuring a clear understanding of the complex web of relationships and transactions within corporate entities.
Key Points / Highlighters pertaining to notified Section 247 of the CA, 2013 The Ministry of Corporate Affairs has issued Notification for commencement of Section 247 of the Companies Act, 2013 [Valuation by Registered Valuers] with effect from 18th October, 2017. The Companies (Registered Valuers and Valuation) Rules, 2017 (Rules), which have been finalized. The […]
