Articles by CA Satish Badve

Expectation from Union Budget 2023

CA Satish Badve 10 November 2022 at 16:46

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.

Posted in Union Budget | 4347 Views

KYC - The Mess

CA Satish Badve 26 October 2022 at 08:50

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.

Posted in Others | 1 comments | 3642 Views

Match & Mismatch of Returns with 26AS, TRACES, GST, MCA, SEBI

CA Satish Badve 05 August 2021 at 13:22

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.

Posted in GST | 1 comments | 14715 Views

Surprise Extensions under the Income Tax Act

CA Satish Badve 30 July 2021 at 13:25

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.

Posted in Income Tax | 34728 Views

Income Tax Return by Legal Representative

CA Satish Badve 27 July 2021 at 14:08

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.

Posted in Income Tax | 6738 Views

Setting up Data Structure for Self & Firms

CA Satish Badve 18 May 2021 at 09:39

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.

Posted in Professional Resource | 1 comments | 1176 Views

Passout percentage of CA Final Result

CA Satish Badve 10 May 2021 at 13:17

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.

Posted in Students | 11 comments | 12471 Views

Routine Audit Checks - Greater Task Verification of Bank Reconciliation

CA Satish Badve 05 May 2021 at 15:06

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.

Posted in Audit | 2889 Views

Note on Management Representation Letter (MRL)

CA Satish Badve 24 February 2021 at 09:51

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).

Posted in Audit | 1 comments | 44694 Views