EPF - EMPLOYEE'S PROVIDENT FUND, VOLUNTARY PROVIDENT FUND and PUBLIC PROVIDENT FUND are long term investment plans for retirement savings
Is CSR initiative integrated @2% of Company's average net profits? Yes, it is in tandem with Companies Act, 2013 but it stretches beyond statutory boundaries and is crafted through various colors when perceived from stakeholders view
Underwriting involves measuring the risk exposure and determining the premium that needs to be charged to insure that risk. Thus, in the underwriting process, insurers evaluate the risk and exposure of potential clients.
By this time, when the Accounting and auditing community are busy with the finalization of financial statements for the year ended 2020, they might have gone through The ICAI ACCOUNTING & AUDITING ADVISORY Impact of Coronavirus on Financial Reporting and the Auditors Consideration.
Here are 9 options that you don't want to miss out on tax savings
ICAI, on noticing about the fake certifications by Non-CAs which misled the authorities and stakeholders, pioneered in conceptualizing a unique concept which is called "Unique Document Identification Number (UDIN)".
The issue regarding ITC, which is claimed on invoices received from the suppliers whose GST registration was retrospectively cancelled, is an important matter that is in question in GST compliance, as indirectly it is attracting double taxation along with interest or penal consequences.
More transparency has been brought into the GST System by introducing the "Know Your Supplier" facility. This facility will help in reducing the non-compliance by the suppliers as if any supplier has defaulted in filing his returns, it will be shown on the portal.
On March 24th, 2023, the Finance Amendment Bill was passed by the government. This bill is aimed at making changes to the existing financial laws in order to bring in more transparency and accountability, and to facilitate ease of doing business. The bill has been lauded by experts and industry leaders for its many benefits, which we will discuss in this article.
MCA has made certain changes in the financial reporting framework prescribed under Division I of Schedule III of the Companies Act, 2013. These changes are applicable w.e.f April 1, 2021.
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