In this comprehensive guide, we provide answers to 71 frequently asked questions (FAQs) regarding Tax Audit Reports (TAR) and Accounting Standards (ASs) in India. From understanding the applicability of TAR to exploring the roles of auditors and reviewing boards, this article covers key aspects of tax audits and accounting standards.
WTO is formed in 1994 to regularize the rules and regulations between trading member countries for healthy expansion of World Trade through reduction in trade barriers + enhancement in trade between 164 trading member countries.
Get comprehensive insights into UAE’s new Corporate Tax legislation through 151 FAQs. Understand regulations, exemptions, definitions, rates, and more.
Explore 25 FAQs on Significant Economic Presence (SEP) for Non-Residents in India. Understand the impact of SEP on digital and e-commerce business models, reasons for its application, income tax implications, criteria, challenges, and immunity through Double Taxation Avoidance Agreements (DTAA). Stay informed about legal obligations, special roles for professionals, and the governments challenges in managing income tax leakages in the digital and e-commerce sectors. Expert insights for NRs operating in India.
Get answers to 41 frequently asked questions about the POEM (Place of Effective Management) concept for companies located outside India but controlled from India. Understand the implications, criteria, and international perspectives on POEM.
Explore 25 FAQs on the Liberalized Remittance Scheme (LRS) for Indian residents, covering permissible limits, types of transactions, bank requirements, and compliance. Get insights into foreign remittances, acquisition of foreign assets, and incurring foreign expenses. Stay informed on the do’s and don’ts under LRS, mandatory conditions, and the role of Authorized Dealer (AD) banks. Stay compliant and make informed decisions for your international financial transactions.
Learn about the filing of FLA return by corporate entities with RBI to report Balance of Payment (BoP) positions. This article provides guidelines and clarifications on filing the FLA return, penalties for non-compliance, filing based on unaudited financial statements, and more.
Explore 101 FAQs on the statutory powers of the Government’s Narcotics Control Bureau (NCB) in India, covering NCB’s statutory powers, legal status of narcotic drugs, NCB’s vision and mission, and contact details. Get insights into drug trafficking trends, opium and heroin seizures, and case studies.
Explore 21 FAQs on Taxation Laws for Foreign Corporates, NRIs, and NRs in India. Understand the intricate regulations governing businesses, investments, and technology exchanges. Learn about Indian government initiatives to create favorable tax policies, stimulate growth opportunities, and reduce uncertainties. Delve into concepts like Place of Effective Management (POEM) and Significant Economic Presence (SEP).
Learn about the statutory powers of the Central Vigilance Commission (CVC) in India. Explore the history, establishment, vision, and mission of the CVC, its organization structure, powers under the CVC Act, and its superintendence over the Central Bureau of Investigation (CBI).
