FCRA Audit Guidelines for NGOs - Disclosure by CAs on violated any provisions of FCRA law The updated FCRA compliance guidelines will likely have significant implications for both NGOs and Chartered… Read More
Section 87A tax rebate is a significant relief for eligible taxpayers. The Income Tax Department's update regarding Section 87A tax rebate is a significant relief for eligible taxpayers. The Income Tax… Read More
Deduction for Bad Debts : explanation of Section 36(1)(vii) What is a Bad Debt? Bad debt refers to an amount owed to a creditor that is no longer collectible… Read More
New RBI norms make it tough to get multiple personal loans The Reserve Bank of India (RBI) has introduced a significant regulatory change requiring lenders to update credit bureau records… Read More
Mandatory Peer Review For Chartered Accountants firms in India The ICAI’s mandatory peer review process is an essential move towards ensuring the quality and integrity of audit practices in India.… Read More
GSTR-3B figures & GST Portal Issues/ Errors Encountered Duplicate Invoices in GSTR-2B: Issue: Duplicate invoices appeared in GSTR-2B for September and October 2024 due to a technical glitch in the… Read More
Statutory Compliance Register required as per the Companies Act, 2013. The Statutory Compliance Register required as per the Companies Act, 2013, consolidates various statutory registers required for the company to maintain… Read More
SME IPOs & listing opportunities for both SMEs & startups SME IPOs Overview Small and Medium Enterprises (SMEs) can raise capital by offering shares to the public through SME IPOs.… Read More
The Finance Ministry is unlikely to introduce New Income Tax Bill during Budget 2025. The Finance Ministry is unlikely to introduce the new Income Tax Bill during Budget 2025. Although… Read More
Statutory Compliance Calendar – December 2024 The taxpayer must ensure the 3rd installment is paid on time to avoid interest under Sections 234B and 234C. Annual GST Returns: Start… Read More