Though, the expectation from the Union Budget is higher in every coming year, all the expected will not realise as eighter no priority, not for this fiscal, not required, to be studied further, revenue loss not accessed, present economic condition, not growth oriented and various reasons best known to them.
Continue Reading »KYC a simple remember & easy to understand when it reaches to my ears 15 years back. The meaning I understood is KNOW YOUR CUSTOMER. I heard the same first time in bank.
Continue Reading »There is a lot of issue in the matching of Returns with Form 26AS, TRACES, GST, MCA and SEBI. In this article, we discuss this issue and its possible solution for taxpayers and professionals.
Continue Reading »Most of the extensions are granted 3 days, 2 days,1 day before the scheduled date. There are more surprises sometimes when extensions come before 8 hours, 5 hours, 2 hours on the last date.
Continue Reading »The legal representative can file the return for one AY only after the death of the person. They can register themselves on the Income Tax Site on behalf of the dead person and file the ITR.
Continue Reading »Data structure is a data organisation, management, and storage format that enables efficient access and modification. Let us discuss how one can set up a data structure for themselves and their firm.
Continue Reading »The time has come where we should be liberal in the pass percentage of the CA Final Exam. In case some more skills are required, ICAI should introduce GMCS Level 1, Level 2 and passing of Eligibility test to obtain the COP.
Continue Reading »The verification of a Bank Reconciliation Statement is to be done in all types of audit and is considered a basic task to be carried out by the auditors.
Continue Reading »An MRL is issued by the client (Auditee) to the auditor in writing as a part of Audit Evidence. This document during the audit clarifies the separation of responsibilities of the auditor and auditee (management).
Continue Reading »Plan for safe exit along with COVID 19
Continue Reading »