Popular Articles

Non-Compliances related to Cash Flow Statement

CA Rakesh Ishi 04 November 2022 at 08:58

Note to the financial statements of the company on Trade Receivables that there is an increase in trade receivables while comparing the outstanding balance as at the end of the previous year and the current year.

Old Tax Regime or New Tax Regime - Which one is better?

CA Umesh Sharma 13 February 2023 at 16:40

Honourable Finance Minister Mrs Nirmala Sitharaman had declared the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Why there is a lot of discussion going around the Old Tax Regime and New Tax Regime of the Income Tax regime?

Claims for Losses on Account of Overheads and Profit

Bajirao 08 July 2011 at 13:30

Construction projects invariably get delayed for variety of reasons in India and also elsewhere. Under the well settled law, a contractor is entitled to compensation for the delayed completion, if the delay is caused by breaches of contract con

12 common mistakes that an Income tax filer does while filing ITR

Nikita Agarwal 10 July 2023 at 14:27

A list of common mistakes that accountants or individuals may make while filing their income tax return (ITR).

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.

Allowable Credit of Central Duties in respect of stock as on 1st July

CA Rishi Goyal 06 June 2017 at 11:29

Allowable Credit of Central Duties in respect of stock as on 01.07.17 as per Section 140(3) . Following person are entitled to take credit 1. Not liable to reg..

GST in India - Is it really a 'One Nation One Tax'

Rakesh Garg 06 April 2017 at 11:25

GST in India - Is it really a "One Nation One Tax"

Statutory Tax Compliance Tracker - February 2024

CS Lalit Rajput 29 January 2024 at 09:55

Tax Compliance Tracker for the month of February 2024

Netaji, aap income tax return file karo, to hum tumare saath hai?

CA Umesh Sharma 19 July 2016 at 10:37

Arjuna (Fictional Character): Krishna, the Maharashtra Election Commission has cancelled registration of 191 political parties for not filing income tax return ..

All you need to know about Audit Risks

Namrata 26 February 2021 at 10:01

Audit risk is a risk that an auditor will not detect errors or fraud while examining the information collected and a material misstatement may go undetected.