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Irrespective of Size – Every Enterprise Needs Audit

November 5, 2021 4092 Views 0 comment Print

Science is ‘a systematic enterprise that builds and organizes knowledge in the form of testable explanation and predictions about the universe’. Performing an audit and following the process results in testing and predictions whether the financial statements are free from material misstatement.

How to prepare for exam

November 5, 2021 1389 Views 0 comment Print

So Diwali has got over too and with exams approaching near its high time to get going. I want to discuss a few pertinent points going ahead. First, clear your mind of any confusion regarding  your situation or condition right now. You may be in tough situations right now, comparing your attempts or age with your peers […]

Annual Information Statement (AIS) – Diwali Gifts to Taxpayers

November 4, 2021 79323 Views 18 comments Print

Annual Information Statement (AIS) is a comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer Information Summary (TIS) is an information category wise information summary for a taxpayer.

The debt trap spreads during the festive season

November 4, 2021 1881 Views 0 comment Print

त्योहारी मौसम में महंगाई और बेरोजगारी की मार तो पहले से है, अब लोन का जाल फैलाया जा रहा है: प्रचार के माध्यमों से जोर शोर से बताया जा रहा है कि दिवाली पर हर शहर में 200 से 300 करोड़ रुपये की बिक्री हो रही है, लेकिन सरकारी आंकड़े कुछ और ही बयान कर […]

RERA registration of Project intended to be given for Lease or free hold?

November 4, 2021 11862 Views 0 comment Print

Whether the Project intended to given for Lease hold or free hold requires RERA registration ? – Penalty Charged by GUJ RERA Introduction It’s a known fact that RERA registration is applicable for the Projects if the area of land proposed to be developed does exceeds five hundred square meters or the number of apartments […]

Person Ineligible u/s 29A IBC Cannot Propose Scheme of Compromise & Arrangement u/s 230 Companies Act 2013

November 4, 2021 4176 Views 0 comment Print

A Person Ineligible u/s 29A IBC to Submit Resolution Plan Cannot Propose Scheme of Compromise & Arrangement u/s 230 Companies Act 2013- Supreme Court

Process review or process audit

November 4, 2021 10338 Views 0 comment Print

Introduction- Process review or process audit is an examination of significant process/processes i.e. business and operational key risks and the controls established to mitigate those risks, including compliance with laws, regulations & established policies. Process audit stages & deliverables- Audit Stages Deliverables Pre-planning Determining the scope, area & period of process to reviewed Planning Understanding […]

Reviving Economy And Rising GST Collections

November 3, 2021 1476 Views 0 comment Print

According to views of NITI Aayog vice Chairman, Indian economy is expected to grow by 10 percent in current fiscal and by 8% plus in financial year 2022-23. It may be noted that IMF has already projected a growth of 9.5% in 2021. It has said that India is likely to be the fastest growing […]

Landmark Decision: SC strikes down Delhi HC verdict in case of Bharti Airtel Limited

November 3, 2021 18720 Views 2 comments Print

Landmark Decision: Supreme Court (SC) strikes down Delhi High Court (HC) verdict in the case of Bharti Airtel Limited In this remarkable judgement favouring the Government (for a change), this is an historic verdict which will set the course of the future litigations fought in the highest courts. This judgement and the judgement of VKC […]

Provisional Attachment – A Measure To Protect Interest of Revenue Should Be Used With Utmost Care

November 3, 2021 2775 Views 0 comment Print

Provisional Attachment – A measure to protect interest of the revenue should be used with utmost care  Provisional Attachment – A measure introduced to protect interest of the revenue by provisionally attaching any property of a taxable person, including bank account. We begin this article with the comments given by the division bench of Justice […]

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