Everything You Should Know About Cost Audit and Its Applicability Introduction Cost audit is a crucial process for any business that helps ensure financial health and accountability. It involves a thorough examination of a company’s expenses and accounting records. This […]

Tax Audit Applicability for Traders and information on Tax Audit Return Filing for Traders Introduction Tax audits have always been a source of consternation, particularly among investors and traders. A practicing Chartered Accountant examines and assesses a taxpayer’s books of […]

What is CARO 2020?, CARO 2020 Applicability, and the Difference between CARO 2016 and CARO 2020 The Ministry of Corporate Affairs (MCA) has issued the Firms (Auditor’s Report) Order, 2020 (CARO 2020), which is effective for audits of financial statements […]

Income Tax Department to validate UDIN given by CA’s in Tax Audit Reports. The Institute of Chartered Accountants of India (ICAI) has been receiving a no. of complaints of fake signatures of CAs being forged by fake CAs , So, […]

Unique Document Identification Number (UDIN) – Frequently asked questions The UDIN (Unique Document Identification Number) is an initiative taken by ICAI in an effort to curb misrepresentation by third persons posing as Chartered Accountants who forge signatures on documents to […]

Tax Audit under section 44AB of IT Act Important Update on Tax Audit Utility (XML) Schema with regards to Form 3CD and Form 3CEB   As per the Notification issued by the CBDT on 1.10.2020, the Income Tax (22nd Amendment) […]