By appointing qualified auditors, credit rating agency, asset valuers on permanent job will improve the situation rather than asking for professional reports and valuations from the borrowers and dumping the reports unless situation goes out of control.
The objective of the de-criminalization exercise is to remove criminality of offences from business laws where no malafide intentions are involved.
During my articleship and elsewhere, I had noticed that in Accounting/Tax/Legal etc, people transitioning from Govt to professional firms, and from professional firms to private sector, faced issues in settling in. The common reasons I noticed was t
It is advised not to take any flat in a company name to save stamp duty to be paid at the time of further transfer in future. There will not only a problem in current year, but assessment of last 6 years can be reopened. This can be explained as foll
The central board of direct taxes(CBDT) has introduced the reward scheme for informants giving information of
Compliance Calendar for the month of July 2022
In this series of Thoughtful Thursday , we have covered Importance of Insurance, Inflation, Financial planning, Goal based planning, Difference between Savings...
As per Section 2(m) of the Limited Liability Partnership Act, a foreign LLP is a limited liability partnership formed, incorporated or registered outside India; which establishes a place of business in India.
Let's answer this important question: Most of us think that financial planning is only for the very rich or poor. There are others who think that people need to plan only when they grow old as they need to save for their retirement and old ag
In a significant move towards Goods & Service Tax (GST), the Central Government had issued Notification No. 14/2015-CE and 15/2015-CE dated 01-03-2015 (as part of the Union Budget – 2015 Notifications) whereby it exempted all goods falling
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English