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Investing is crucial for financial security, but to truly achieve a relaxed future, understanding compliance, specifically in the context of Statement of Financial Transactions (SFT), is important. This is possible when people also give importance to tax compliance-payment and timely reporting.
Section 148A of the Income Tax Act, 1961, pertains to the issuance of notices for assessment or reassessment in certain cases. It is as dangerous as the AK-47 rifle in the hands of the Department if we wrongly respond to this notice. Be Careful!
In the distant past, I introduced the revolutionary concept of a "Family CA," drawing parallels to the trusted Family Doctor. Expanding upon this visionary idea, I am driven to delve deeper into its significance.
My expectations for the 2023 budget are unique. Instead of requesting an increase in tax deductions for the middle class (such as through raising Section 80C, 80D, and 24(b)), I believe the government should focus on attracting wealthy individuals to live and invest in India.
In the world of insolvency & bankruptcy in India, PUFE transactions are important and life saver for corporate debtor as for RP. PUFE means Preferential, Undervalued Fraudulent, Extortionate transaction. These are the transactions which directly or indirectly made CD to undergo CIRP or liquidation.
This standard became mandatory on 1st Jan 2013. It took 8 years since 2005 to evolve itself as a mandatory standard in 2013. Ind AS 113 is the Indian version of IFRS 13.
IFRS 9 is crucial and important especially in Covid time. This IFRS application is very testing for Companies in Covid time.
IFRS expects every FS must be presented in the same manner so that investors spend less time in taking decision.
This article is trying to address the above fear with tool of ' Balance Sheet Healing '. It is trying to link Healing process by way of Compliance, books of records & ITR to face uncertainty of life.
Earlier Work from Home (WFH was seen as facility offered for Work-life Balance, now it is Business Continuity Plan (BCP). Here are a few points or ideas to make effective use of WFH
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