If a resident senior citizen is earning exempt income, like, interest on PPF, agriculture income, the share of profit from the partnership firm, etc. he should not be treated as ineligible for this provision.
If any person fails to get his accounts audited in respect of any previous year or years relevant to an assessment year or furnish a report of such audit as required under section 44AB, the Assessing Officer may direct that such person shall pay, by way of penalty
This article contains various Compliance requirements for the Month of November, 2021 under various Statutory Laws
A CA, CPA and MBA - Mr. Sandeep Taneja is currently working as the Finance Director of Gates, India. He holds over 22 years of experience in working in South Asia and North America including companies like Whirlpool, E&Y, Corning, Ingersoll Rand and Gates across different streams of Finance.
The Story Of The Financial Statements - From Preparation To Their Approval In The AGM
Due dates for Compliances under GST, Income Tax, ESI, PF Acts have been mentioned in this article by the author.
The penalties and responsibilities of an auditor may seem onerous however it would be incorrect to hold audit as risky. With essential features of auditor like independence, professional skepticism, documentation skills and continuous knowledge upgradation any Chartered Accountant can make a name for himself in the field of Audit profession.
We are living in an era where there is mad rush of competition. We are so much focused on this rate race that we forget that our mind is the most important part of our body and it needs healing too
A Person Ineligible u/s 29A IBC to Submit Resolution Plan Cannot Propose Scheme of Compromise & Arrangement u/s 230 Companies Act 2013.
The frauds generally happen for sake of financial gain by applying dubious methods by the fraudsters. Insurance industry is the most vulnerable for various types of fares by policyholders, intermediaries, employees and others.
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)