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Ca Srikanth Vuppala

Latest Posts by Ca Srikanth Vuppala

Income Tax: Cash in hand, with limits to understand- Part 1

January 2, 2024 7065 Views 1 comment Print

Explore provisions and penalties in the Income Tax Act 1961 regarding cash transactions. Understand limits for loans, deposits, and repayments to avoid penalties.

Quick Reference for Standards on Auditing- SA 500 Audit Evidence

May 5, 2023 6273 Views 0 comment Print

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.

Quick Reference for Standards on Auditing- SA 570 Going Concern

May 4, 2023 3969 Views 0 comment Print

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 for SA 710 Comparative Information, Corresponding Figures & Comparative Financial Statements

May 3, 2023 5715 Views 0 comment Print

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.

Quick Reference for Standards on Auditing- SA 200

May 2, 2023 9741 Views 0 comment Print

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.

Filing of Updated Income Tax Return Form ITR-U enabled

June 28, 2022 29223 Views 5 comments Print

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 […]

Allowability of Donations as an Expenditure under Income Tax

June 10, 2022 26940 Views 2 comments Print

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.

Tax Credit Mismatch ? Steps to rectify

June 1, 2022 20838 Views 14 comments Print

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.

Procedure for getting Certificate of Donation (FORM 10BE) online

May 25, 2022 80733 Views 3 comments Print

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.

FCRA Renewal

October 11, 2021 3522 Views 0 comment Print

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 […]

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