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New Bank Audit Norms: Statutory Auditor Empanelment

Posted by CA.Saibaburao Nanduri 22 July 2016 22626 Views

Discover the revised empanelment norms for statutory auditors of public sector banks, financial institutions, and RBI, effective from 2004-05.



Powers Of A.O u/s 142(1) & 143(2)

Posted by CMA Gul S 12 September 2007 22623 Views

I have the following queries?1. Is there a time limit for issuing notice u/s 142 (1) ?2. Can a notice u/s 142(1) be issued after a notice under 143(2) has been issued? If, yes what is the rational behind issuing such notice as powers under 143(2) are



Detailed analysis section wise of Direct Tax Proposals

Posted by Vispi T. Patel 02 January 2020 22620 Views

HIGHLIGHTS OF ECONOMIC SURVEYo To achieve the objective of becoming a $5 trillion economy by 2024-25, India needs to sustain a real GDP growth rate of 8%o Growt...



New Service tax rate of 14%(Subsuming EC and SHEC) to come into effect from 1st June and other changes

Posted by Bimal Jain 20 May 2015 22620 Views

Service tax rate increased from 12.36% 14% (Subsuming EC and SHEC) effective from June 1, 2015 and Other changesAfter the Hon�ble President has given assent to the Finance Bill, 2015 on Thursday, May 14, 2015, the Ministry of Finance, Departmen



What is Due Diligence?

Posted by Anchal 04 June 2016 22619 Views

Due Diligence literally means �reasonable care�. In relation to transactions / dealing with other entities, due diligence implies taking reasonable care to ensure that an entity has knowledge of those facts (disclosed and undisclosed) whi



Striking off an LLP

Posted by CS MOHIT SALUJA 10 November 2018 22616 Views

STRIKING OFF (CLOSING DOWN) AN LLP: AN OPPORTUNITY BY THE MCA FOR DEFAULTING COMPANIESThe penalty for LLPs defaulting in filing of any statutory return is Rs.10...



Karniti Part-17: Let's review major 13 tax & law events of 2013

Posted by CA Umesh Sharma 30 December 2013 22608 Views

Lets review 13 major developments in Tax & other laws of 2013Arjuna (fictional character): Krishna, Year 2013 is coming to end and New Year 2014 will begin soon. Time passes so quickly! While discussing various issues on tax laws, we did n



Rule 8D of the Income Tax Act - Prospective or Retrospective

Posted by Hiral Raja 05 February 2009 22607 Views

Section 14A was introduced in the Income Tax Act, 1961 by the Finance Act 2001 with retrospective effect from 1st April 1962. The intent of introducing this section was reiteration of the well settled legal principle that when an assessee incurs any



One failure in CA snatches that confidence

Posted by Vikash Maheshwari 24 August 2016 22601 Views

No one wants to be a looser. Once we start a journey, we wouldn't want to stop mid way until we reach our destination. CA is one such journey. Most of us



A great Career even if you don't train in a BIG4?

Posted by Nimish Goel 08 March 2017 22599 Views

Working and getting experience in BIG4s is a dream for almost a majority of the students aspiring to become Chartered Accountants.




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