As per section 68, any sum found credited in the books of a taxpayer, for which he offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, may be charged to income-tax as the income of the taxpayer of that year.
As per Rule 80 of the CGST Rules, 2017, every registered business is liable to file a GST Annual Return for each financial year on or before the 31st December of the following financial year. Accordingly, the last date of filing the GST Annual Return for FY 2021-22 is 31-Dec-2022
Materiality is a Benchmark used to obtain reasonable assurance that an audit does not detect any material misstatement that can significantly impact the usability of financial statements.
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Today's technologically advanced times are posing more challenges for the audit disclosures that need to be made through the Annual Returns.
22 December 2022
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A cash flow statement is a financial statement that shows the inflows and outflows of cash for a specific period of time, such as a month or a year.
PEOs (Professional Employment Organizations) are often used by companies that want to outsource all of their human resources.
How CA, CS, Auditors and Directors can identify compliance of Legal and Accounting Provisions of Gratuity applicable on Private Schools, Private Colleges, Autonomous Bodies, NGO's, Societies & Indian/Multinational Private Companies?
Many times we face issues while getting GST registration like an application being rejected or GST get cancelled after registration. Here is a detailed article on provisions and various judgements on it.
An effective strategy for your exam is essential, working with the right study material and study techniques not only helps you clear CA exams but also develops you as a problem solver in your life.
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