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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.
Learn how to get the certificate of donation (Form 10BE) online. Follow these step-by-step procedures to file the necessary information and save the CSV file.
Extension of Due date for Renewal of FCRA registration : On 30th September Ministry of Home Affairs wide notification No. II/21022/23(22)/2020-FCRA-III extended the validity of the registration certificate issued under the Foreign Contribution (Regulation) Act, 2010 expiring during the period between 29th September, 2020 and 31st December, 2021 upto 31st December, 2021. Consequences of Non […]
