Section 144 of Companies Act 2013 imposes restrictions on services that auditors can provide. These restrictions are in line with globally accepted standards on auditing and aim to ensure auditor independence.
Section 143 of Companies Act 2013 lays down powers & duties of auditors when it comes to auditing accounts & financial statements of companies
In order to encourage timely payments to Micro and Small Enterprises under the MSME Development Act 2006 , a new addition to the list of disallowances is being made vide S- 43B(h) .
Stay updated on Income Tax Appeals with key changes in Section 253. Explore amendments, including new provisions for penalty orders and enabling cross-objections, effective from April 1, 2023.
Explore the new Section 43B(h) inserted by Finance Bill 2023 in the Income Tax Act. Learn about timely payments to micro and small enterprises, consequences of non-compliance, and effective dates. Stay informed with key insights from this update.
SEBIs latest regulations reshape buyback methods. Explore changes in buyback calculations, methods, compliance, filing requirements, time limits, and more. Stay informed with Affluence Advisory.
Explore Reverse CIRP in Real Estate: No provision in IBC, Umang Realtech case introduction, non-precedent status, challenges, and recent project-wise resolutions in Supertech & Ansal Properties cases.
When a company goes through insolvency proceedings, public equity shareholders (non-promoter public shareholders) are the ones that profit least since they are not considered creditors who are protected by IBC 2016
Explore Section 43B of Income Tax Act, 1961, amended by Finance Act 2023. Learn about deductible sums, due dates, and the latest inclusion for payments to micro and small enterprises.
Understand TDS implications on purchasing immovable property in India. Learn about rates, forms, and legal aspects to comply with Income Tax Act for seamless property transactions.
