An audit trail is a chronological record of all changes made to financial transactions within an accounting system. It helps maintain the integrity and accuracy of financial records.
In the intricate world of Goods and Services Tax (GST), staying abreast of changes and adopting efficient practices is crucial for businesses. One such recent development is the introduction of the Electronic Credit Reversal and Reclaim Statement (ECRRS).
Starting your journey as a Chartered Accountant is impressive, but many forget to show themselves well in the corporate world. Whether you're in a job interview or trying to impress clients, it's essential to recognize the value of being a CA and present yourself effectively.
In the waiting period, it's normal to feel stressed, but a holistic approach with meditation, fitness, and engaging activities can help you manage stress effectively.
A Comparative Analysis of Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors and AS 5 - Net Profit or Loss for the Period, Prior Period ..
1. Disclosure of Material Non-Adjusting Events Ind AS 10: Requires the disclosure of material non-adjusting events directly in the financial statements. AS 4: M..
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In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.
In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr.
Here, we present five such cases where the judgments favored the taxpayers (assessee).
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India