Table of Contents Introduction Residential Status FEMA vs Income Tax Act,1961 Why should one establish a business in India? How to set up a business in India whether a resident/ non-resident? Types of Business entities and their legal requirements Criteria for setting up business in India as a liaison office, branch office, and project office. […]
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Table of Contents Introduction Importance of Auditing Limitation of Audit Advantages and Limitations of Different Types of Audits Management Audit Performance Audit Secretarial Audit Transfer Pricing Audit Information System Audit Forensic Audit CSR Audit Operational Audit Cost Audit Internal Audit Statutory Audit Tax Audit GST Audit Conclusion Introduction For checking of financial statements of any
Table of Contents Introduction Who can claim refund of GST? Time Limit for claiming GST Refund Situations leading to refund claim of GST Cases where unutilized ITC can be claimed Refund on Supplies made by Casual Taxable Person (CTP) or Non-Resident Taxable Person (NRTP) Refund on Supplies made to Special Economic Zone unit or developer
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Table of Contents Introduction Objectives of the Auditing Standard Role of International Auditing and Assurance Standards Board Role of Auditing and Assurance Standard Board Classification of the SAs Conclusion Introduction As we know that checking and verification of financial information by an authorized auditor is known as auditing which assures the reliability and authenticity of
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Table of Contents Introduction History and Evolution of Auditing Meaning of Auditing Scope of Audit Objectives of Auditing Types of Audits Introduction As it is well known that business organizations began to grow during the industrial revolution, not just in India but globally, and because of globalization, business organizations started increasing the scale of their
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Table of Contents Introduction What is the Transaction Price? o Variable Consideration o Constraining estimation of variable consideration o Significant Financing Component o Non-cash Consideration o Consideration payable to a customer Introduction Ind AS 115 Revenue from Contracts with Customers talks about revenue recognized in financial statements. There is a 5-step model to recognize the
Table of Contents Overview GST Reforms Custom Duty Reforms Conclusion Overview On February 1, 2023, Finance Minister Nirmala Sitharaman released the Union Budget for the forthcoming fiscal year. Since this is her fifth full budget before the NDA government led by the BJP ends its term, the presentation of the budget was closely watched. In
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Table of Contents Introduction Income Tax Rates Tax Benefits to Agniveers House Property Business Income Presumptive Taxation Capital Gain TDS Provisions TCS Provisions Penalty Provisions Other Provisions Introduction So, the Union Budget for 2023 is out! As always, there’s been a lot of buzz about the various proposals and changes announced by the Finance Minister.
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Table of Contents Introduction Compliances under CGST Act,2017 Registration Raising Invoices Filing Returns Payment of Taxes Availing Eligible Credit TDS/TCS liable Offences Under GST Act Registration Invoices & Books /Records Returns Payment of Taxes ITC TDS/TCS Introduction: “One nation, one tax” is the motto of the introduction of GST in India. It came into effect
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