Basic Responsibilities & Liabilities of Forensic Auditor Forensic auditor must also be familiar with legal concepts and procedures, including the ability to differentiate between substance and form when grappling with any issue Help formulate recovery of funds misused and deriving the end beneficiary of diversion Preparing financial evidence and analysis and presenting in court against …
Risk of Material Misstatement and Risk of Fraud Will we chartered accountants now place a greater priority on the ROF (Risk of Fraud) than the ROMM (Risk of Material Misstatement)? While both are essential and sometimes compliment or complement each other, we need ferocious bloodhounds to protect for larger participation of both public & Foreign Institutional …
Budget Expectations various deduction limit will increase: Budget2023 Indian Govt is expected to evaluate the deductions that are now available and that have stayed unchanged for a number of years in order to encourage the lower and middle class, which have experienced the most hardship during COVID. As according to experts, the following Budget 2023 …
The dos & don’ts of business incorporation It may initially appear difficult to start a formal company and incorporate your firm, especially when you have to take into account abiding by the various rules regulations surrounding incorporation guidelines for incorporation. incorporation of business has many benefits as well including as reduced liability in the event …
Amendment of Core Field under GST Registration Amendment of Core Field GST dept issues a GST Registration Certificate under Business name at the time of GST registration based on the information we provide. But any of the earlier-provided information could need to be changed. For existing GST taxpayers, GST registration is the first & most …
FAQ on selling of property & application of form 26QB & Form16B : Q How to Download 26QB Form? A. If you are wondering how to pay and access the form through Challan 26QB then here are the steps you need to follow: Go to the TIN NSDL website and click on the link “e-payment: …
Profit-oriented NGO or trust can’t claim exemption u/s 10(23C). Charitable institutions registered under section 12AA of the Act may apply for exemption under section 11 if all the conditions have been fulfilled, . While Section 10 (23C) under income tax act is a specific exemption provision applicable to some public and private educational institutions, Section …
Overview GSTR 9C Optional Vs Compulsory tables For in Financial Year 2021-22 Overview on Goods & Services Tax Annual Return 9 & 9C GSTR Annual Return : Applicability turnover INR 2 crores for GSTR-9 INR 5 crores for GSTR-9C GSTR Annual Return : Due Dates : 31-12-2023 for both 9/9C GSTR Annual Return : Late …
GST Audit by GST department Timeline as Section 65 What does the GST Department’s audit entail? According to Section 2(13) of the Central Goods and Services Tax Act, 2017, a “audit” is defined as the review of records, returns, and other required documentation as specified in the Central Goods and Services Tax Act, 2017. if …
How to be prepared Resolution Plan under Insolvency Law A Model Resolution Plan. The plan is not a legislative or regulatory document and was created based on research into other approved resolution plans. The plan is not based on any provision or regulation under the code and may only be used as a guide …