Credit rating is an opinion that is based on an assessment of credit-risk (credit risk is the risk of failure on part of the borrower to repay the loan). The entity that assigns the credit rating is called a Credit rating Agency.
If the assessee fails to get his accounts audited or furnish a report of such audit u/s 44AB, a flat penalty u/s 271B shall be attracted. No penalty shall be imposed u/s 271B if the assessee proves that there was reasonable cause for such failure.
Currently, businesses having turnover of more than one crore rupees are required to get their books of accounts audited by an accountant. In order to reduce the..
As businesses are still evolving and providing superior user expertise to their client base, the need for the POS systems they use to back their sales efforts also have to evolve.
ICAI, being the regulator, certifier, and educator of the accountancy profession since 1949 in India has brought up a new code of ethics in 2019. The same was to be made effective from 1st April 2020 however made applicable from 1st July 2020 due to COVID 19.
The facility to file an annual return in form GSTR-9 for FY 2019-20 is now available. The form is enabled for taxpayers whose table 8A computation has been completed.
Keeping in view the effect of COVID-19, the FM had extended the due date for filing the Tax Audit, Transfer Pricing Audit and Income Tax Returns. However, is there a need to extend these due dates further?
The offer consists of a fresh issue of equity shares for a consideration of Rs. 40.5 crores. Proceeds of the same will be used for funding the project cost towards the Rajpura Expansion Project which will enhance the manufacturing capacity of the Company.
India's equity benchmark SENSEX is at an all-time high. We all see bombarding of such news from all the media around us. Many of us think that if we would have invested in March or April 2020, money would have been almost doubled.
The internal audit team is responsible for analyzing books of records against GST returns to identify and rectify any mismatch and ensure compliance with the GST laws.
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