"Chartered Accountant specializing in Direct Taxation, Statutory Audits, Trust & NGO Audits, FCRA compliance, and MSME advisory. Committed to delivering practical insights and compliance-focused solutions tailored to the unique needs of individuals, businesses, and non-profits. If you are in need of professional and reliable accounting and audit services, please feel free to reach out to me at vuppalasrikanth@hotmail.com. I would be more than happy to discuss how I can assist you. "
The RBI’s 2026 Master Direction removes mandatory platform-level due diligence for MSME sellers, making TReDS onboarding easier. It also introduces measures aimed at improving financing efficiency and competition.
The DPDP Act requires CA firms to go beyond cybersecurity and ensure lawful collection, use, and processing of client data. The key takeaway is that privacy compliance now demands accountability, consent management, and documented data-handling practices.
Explore provisions and penalties in the Income Tax Act 1961 regarding cash transactions. Understand limits for loans, deposits, and repayments to avoid penalties.
Explore a quick reference for Standards on Auditing (SA) 500 – Audit Evidence. Learn about the scope, objectives, and key considerations, ensuring sufficient and appropriate audit evidence for a reliable opinion.
Standards on Auditing- SA 570 Going Concern deals with the auditor’s responsibilities in the audit of Financial statements relating to going concern and the implications on the auditor’s report.
Quick reference guide for SA 710 Comparative Information, Corresponding Figures & Comparative Financial Statements. Learn about scope, objectives, definitions, audit procedures, and reporting requirements. Essential insights for auditors and financial professionals.
SA 200 establishes the independent auditor’s overall responsibilities and explains the nature and scope of an audit when conducting an audit of Financial statements in accordance with SA’s.
1. Any person Eligible to File updated returns for FY 2019-20 and subsequent assessment years as per the relevant provisions of the IT Act can file the updated return via Form ITR-U. A taxpayer would be able to file only one updated return for each assessment year. 2. Income Tax Department enabled E-filing of Updated […]
Understand the allowability of donations as an expenditure under Income Tax regulations. Learn about the criteria, commercial expediency, and the connection between donations and business activities. Ensure compliance for eligible deductions.
Learn how to rectify tax credit mismatch in the new income tax portal. Follow these steps to edit the details and get the rectification reference number.
