Understand legal provisions and requirements of a departmental GST audit. This checklist outlines steps to ensure compliance during audit process, including sales, purchases, reconciliations, and required documentation.
Learn about tax procedures that IT freelancers in India need to follow when providing services to foreign clients. Understand GST and income tax implications, registration requirements, and strategies for compliance.
Explore the consequences of making incorrect income tax refund claims and the associated legal ramifications. Understand the penalties, fines, and potential imprisonment involved. Learn about Section 139(8A) for rectifying mistakes and ensuring compliance. Stay informed to maintain financial integrity.
Understand the regulations governing Related Party Transactions (RPT) in India, covering SEBI LODR 2015 and Companies Act 2013. Explore the legal framework, approval processes, and the significance of compliance. Stay informed for transparent corporate governance. Read more on [Your Website].
As we witness the takeover of jobs by AI, it’s imperative for finance professionals to understand the nuances of this transition and prepare for the future. In this article, we will delve into the impact of AI on accounting professionals and explore strategies to stay relevant in an evolving industry.
Explore the consequences of not filing annual returns and financial statements for companies in India. Learn about the legal obligations, potential penalties, and solutions to ensure compliance. Stay informed to avoid financial and legal repercussions. Read more on [Your Website].
Explore the concept of business ethics, its importance, principles, and how it affects decision-making. Learn about ethical dilemmas and steps to resolve them.
We will delve into key highlights of Reassessment: Pre and Post Ashish Agarwal Judgement delivered by Supreme Court along with subsequent CBDT Direction 1/2022 (dated 11-05-2022)
Learn how to respond to Income Tax notices under Section 133 (6) of the Income Tax Act, 1961. Explore cases, requirements, and key points for effective replies. Don’t risk penalties; understand the process and ensure compliance. Read more on taxguru.in
Explore the essential aspects of Income Tax Audits in India under Section 44AB. This guide breaks down the basics, objectives, applicability, forms, due dates, and penalties associated with non-compliance. Learn who is subject to tax audits, the forms and due dates, and the penalties for non-compliance. Ensure accurate financial reporting, adherence to tax laws, and prevention of fraudulent practices within the tax ecosystem. Disclaimer: For accurate guidance, consult with a qualified tax professional or legal expert.
