Section 80IAC of the Income Tax Act provides tax benefits to eligible startups for their first three years of operations.
An experienced chartered accountant (CA) is a true partner to any business, providing invaluable expertise and guidance throughout the life of the company.
An appointment of a cost auditor refers to the process of appointing an independent expert to review and assess the costs incurred in a legal matter.
Cost auditing is the process of examining and verifying the accuracy and completeness of a company's cost accounting records.
In this article, we will take you through the legal provisions of the Companies Act, 2013 and the practical aspects to be taken care of in the process of appointment of first Statutory Auditors in a Private Limited Company.
People typically enter a treasury career path by moving up internally from an accounting position on the corporate side or moving over from accounting or banking. Entry-level positions are analysts. They can move up to being managers, directors, and ultimately treasurers. It can take anywhere from two to five years to move up through the positions.
Ministry of Corporate Affairs ('MCA') vide its circular dt: December 28, 2022 allowed Companies to convene EGM or AGM through Video Conferencing (VC) of Other Audio Visual Means ('OAVM'). This extension is allowed till September 30, 2023.
A non-banking institution which is a company and has the principal business of receiving deposits under any scheme or arrangement by any mode is also a non-banking financial company (Residuary non-banking company).
An audit report is a document that presents the findings of an audit. Audits are conducted to assess the accuracy and compliance of financial statements and records and an audit report is the written documentation of the auditor's findings and conclusions.
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. ..