Firm of Chartered Accountants cannot accept branch Audit of the Bank if one of the partners has taken the loan from any branch of that bank. The members should not place themselves in position which would either compromise or jeopardize their independence.
Income Tax department issued notices to taxpayers who claimed deduction under section 80GGB & 80GGC for donations made to political parties.
The concurrent Auditor of a Branch can undertake the assignment of LFAR only with respect to Branches which are not subject to Statutory Audit. With respect to Branches which are subject to Statutory Audit, the LFAR assignment shall be undertaken by the Statutory Auditor.
Explore the recent judgments by NFRA against auditors in India. Learn from the analysis of violations, including unauthorized appointments, false reporting, lack of testing, document retention, fraud possibilities, and more. Stay informed on the quality enhancement measures taken by NFRA to ensure compliance in the auditing and accounting profession.
A member of the Institute in practice shall not respond to any tender issued by an organization or user of professional services in areas of services which are exclusively reserved for chartered accountants
Stay informed with the top 15 income tax amendments applicable from April 1, 2023. Explore changes in tax regime, rebate limits, default tax rules, gold conversion, deemed gifts, life insurance policies, leave encashment, and more. Expert insights for effective financial planning and compliance.
The Budget! Whether it’s your teenage Goa trip, planning for a baby, arranging funds for an event, or planning for the future of your family or institution, we all need to do it; we all need to plan for it. But let’s be honest, the game is on a whole another level for the central government.
This paper, examines the topic ‘GST Process: Five Years of Iterative Problem Solving’ from the perspective of process efficiency and the ability of the system to correct by responding to feedback loops.
The Institute of Chartered Accountants of India CPE HOURS REQUIREMENTS FOR EACH CALENDAR YEAR APPICABLE FROM 1-1-2023 ONWARDS 1. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to: a. Complete at least 40 CPE credit hours in each Calendar […]
Section 192 of the Income Tax Act, 1961 is applicable to all employers who are responsible for deducting tax at source from the salaries of their employees. This section applies to all types of employees, including full-time, part-time, and contractual employees, as long as they are earning a salary.
