Popular Articles

Penalties for Not Filing Tax Audit Report

Startup Solicitors LLP 30 September 2023 at 14:27

In India, the Income Tax Act mandates that certain individuals and entities must undergo a tax audit and file a Tax Audit Report (TAR) by a specified due date. Failing to comply with this requirement can lead to various penalties and consequences. Let's explore the penalties for not filing a Tax Audit Report in India:

Professional opportunity for Chartered Accountants

CA ABHISHEK AGGARWAL 29 January 2016 at 11:02

The opportunities for a Chartered Accountant are clearly vast, the scope massive. For a small and medium practice to grow, the firm has to "THINK BIG"

Three motivation theories for success

CA.ViVeK M ACA 03 May 2010 at 10:54

This article has three theory namely Theory of sacrifice, Theory of Fear and Theory of Pain. Read the aspect c

Ind AS12 on income taxes

P.R. Sethuraman 20 April 2016 at 11:52

What is tax expense?Tax expense (income) is the aggregate amount included for determination of profit and loss in respect of current tax and deferred Tax. Income tax relating to items charged or credited to other comprehensive income/equity is charge

Bank Reconciliation Statement

NURSINGHA SAHOO 29 June 2011 at 14:15

BANK RECONCILIATION STATEMENT Bank Reconciliation Statement You operate a bank account in which you deposit money and withdraw money from time to time. You maintain a record with yourself of these deposits and withdrawals. One day you get your pas

Right To Inspect Members Register, Annual Returns Etc

G S Rao 02 May 2012 at 11:29

Introduction There are several sections in the Companies Act, 1956 which give rights to members, debenture holders, creditors and directors. Many are ignorant of these rights as they are not appearing at one place but are appearing in different S

Ratio Analysis

Member (Account Deleted) 17 September 2012 at 12:32

Analysis of financial reports requires skill of mathematics, accountancy as well as statistical tools. But there are some basic ratios which can be helpful for a layman also to analyze the Balance Sheet, Profit & Loss A/C of a company or a ban

Detailed Procedure for Winding Up - Under Order of the Court

Rasesh 02 March 2010 at 14:17

In our country, every corporate house has incorporated many group companies which were run efficiently for some time. But with passage of time, the utility of having such large number of group companies reduced and then the management thought it fit

Understanding Section 36 Deduction with Latest Case Laws

Manish Kumar Agarwal 06 December 2011 at 13:11

Under section 36 of the Income tax act, 1961 there are number of deductions available along with their conditions. Below we are discussing the summary of the few latest case laws in respect of section 36 which will make us understand the deducti

14 Excel Tips - Make Yourself Super Efficient in Excel

CA Vikram Narsaria 29 April 2017 at 12:05

Excel is a very important skill to have these days. There is a plethora of excel tips available on the internet. YouTube is full of Excel tips videos and channels. And there seems to be no end to how much we can learn in this spreadsheet software