The ITR (Income Tax Return), which is a statutory document, is required to be considered for the purpose of assessing the income of the deceased, which is inclusive of perquisites and allowances, in the light of judgment rendered by Hon'ble Apex Court in the case of Meenakshi v. Oriental Insurance Co. Ltd.
In this article, we elaborate the challenging situations faced by Small and Medium-sized businesses, supplying insights and ability solutions.
This article explores the practical applications of AI in accounting, highlighting how these technologies improve efficiency, reduce errors, and ensure adherence to ever-changing regulations.
This article explores the cost audit applicability for SMEs, its benefits, and the criteria that determine its relevance.
The provisions related to Vigil Mechanism is contained in Section 177 (9) and (10) of the Companies Act, 2013 (the Act) read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014.
Director's remuneration refers to the compensation or payment that directors of a company receive for their services and responsibilities. Remuneration for directors (including managing or whole-time directors) is decided by the articles of the company or by a resolution in a general meeting.
Updating KYC information is crucial for various purposes, such as Transfer claims, Advance Withdrawal claims, and Permanent Withdrawal claims. Without updated KYC, these claims cannot be processed.
Here's a study of the top 10 MSME benefits each small enterprise proprietor ought to recognize.
The Auditor shall exercise professional judgment and maintain professional scepticism throughout the planning and performance of the audit to detect and report the fraud envisaged under the provisions of Section 143(12) of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014.
The term "Scrap" has not been defined any where in the GST Laws. As such one can derive its meaning as per normal business or commerce parlance.
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