SA 500 – Audit Evidence
SA 500 ‘Audit Evidence’ is a revised version of the erstwhile Auditing and Assurance Standard (AAS) 5, “Audit Evidence” issued […]
Auditing & Ethics
Auditing & Ethics
Standard on Quality Control
Background The role and responsibilities of a chartered accountants has evolved over a period of time considering changes in
Auditing & Ethics
SA 230: Audit Documentation
Documentation is considered the backbone of an audit. The work that the auditor performs, the explanations given to the auditor,
Income Tax
Amendments relating to Capital Gains, TDS and TCS
Introduction Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget of Modi 2.0 and the last
Income Tax
Super premium taxation, a need or an obligation?
On February 1, 2023, the Hon’ble Finance Minister, Nirmala Sitharaman, presented the Union Budget of India for the FY 2023.
Income Tax
Taxation of charitable trusts (Amedments in making)
There was time in early sixties, when charitable trusts were promoted by Government to carry out human services particularly in
GST
INDIRECT TAX PROPOSALS
As per section 1(2) of The Finance bill 2023, section 2 to 122 shall come into force from 01/04/2023. The
Income Tax
Personal taxation: “Decoded – New Regime vs Old Regime”.
As per recently proposed Finance Bill, 2023, “Personal Income Tax” under “Direct Taxation” seems to be primarily benefitting our “Hard
Income Tax
PROPOSED AMENDMENTS TO INCOME TAX ACT, 1961 THROUGH FINANCE BILL, 2023 – BUSINESS INCOME :
The finance minister presented the Budget 2023 in the parliament, while the economy was getting back and trying to recover
GST
Assessment & Demand Under GST Law
I – Assessment Assessment means determination “accurate tax liability.” Assessment procedure is a mechanism to work out the actual tax