Under the income tax and other Direct Tax laws, tax refunds arise in those cases where the amount of tax paid by a person (or paid on his/her behalf) is greater than the amount on which he/she is properly chargeable. When you file the return of your income, you can avail tax refund.
Internal Audit report is a very crucial document and if internal audit is carried our fairly, it contains lot of insights and information about the entitys operations. The statutor
The Chartered Accountants and The Advocates are under a lot of pressure to meet the deadline of Mar 31, 2018. It is quite obvious as the closing of March 2018 i..
What is the primary objective of a financial statement? A financial statement is the language of a business through which it communicates. It is a summary of the business performance for a defined period. A summary always req
INTRODUCTION One remarkable feature of the contemporary world has been the proliferation of private capital flow in the form of foreign direct investment
Latest and simple version of IND AS 23-borrowing costs as amended by companies (Indian accounting standards second amendment rules 2019) and IAS 23
The Finance Minister while giving the details of the Economic Package announced the extension in the Tax Audit date and the due date to file the Income Tax Return. However, with the deferment one should not forget the Tax Audit Checklist for FY 19-20.
This happens to be one of the most ignored topic by the examiners and hence also by the students of CA profession. But it has to be embarrassing for a qualified chartered accountant
Loan to directors, etc. (Section 185 refer old act Section 295)This section was commenced on 12 September 2013. It is form the old Section 295 of the Companies Act 1956185. (1) Save as otherwise provided in this Act, no company shall, directly or ind
Business Loss set off under Sec.72: widened scope The judiciary does play a vital role in the economy by discerning the real intentions of the law. In this regard, the recent rulings with respect to carry forward and set off of losses in the tax law
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