A technical analysis of the LFAR Advances section for bank audits. It explains key clauses on credit appraisal, documentation, provisioning, and risk management.
Explore my predictions for GST 2.0: a potential tax revolution transforming India’s indirect tax system for the better.
Section 185 of Companies Act, 2013, regulates loans to directors and their related entities. This summary covers law’s framework, including prohibitions, conditional permissions, and penalties.
Abstract Money laundering constitutes one of the most pressing socio-economic offences confronting India. It undermines financial systems, erodes governance, fuels organized crime, and encourages terrorism financing. In response, the Prevention of Money Laundering Act (PMLA), 2002 was enacted to criminalize laundering and empower agencies to attach and confiscate illicit assets. Despite being robust in design, […]
A guide to POSH Act compliance for Indian businesses, covering the mandatory Internal Complaints Committee, policy implementation, annual reporting, and recent Supreme Court directions.
A comprehensive guide to Form 3CD for tax audits under Section 44AB of the Income-tax Act. Learn about clause-by-clause reporting, procedures, and common issues.
Understand the Companies (Auditor’s Report) Order, 2020. This guide explains CARO’s clauses, reporting requirements, and professional analysis for auditors.
A practitioner’s guide to the Profit and Loss Account under the Companies Act, 2013. Learn about P&L line items, inclusions, exclusions, and legal frameworks.
Learn how an auditor qualifies a report, the reasons behind it, and its impact on financial statements. This guide covers the requirements, quantification, and drafting of qualified audit reports.
Understand the legal framework for GST refunds on inverted duty structures. Learn about applicable rules, exclusions, and the impact of recent court rulings and CBIC circulars.
