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 and Tax Audit Return Filing Introduction A Tax Audit is not just about meeting a compliance requirement; it is about proving that your books are transparent and reliable. Under Section 44AB of the Income Tax Act, a […]
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: Frequently Asked Questions To begin The UDIN (Unique Document Identification Number) is an initiative introduced by the Institute of Chartered Accountants of India (ICAI) to prevent misuse of certificates and reports issued by Chartered Accountants. Over […]
Tax Audit under Section 44AB of Income Tax Act Introduction Every business or professional in India earning beyond a specific threshold must undergo a Tax Audit under Section 44AB of the Income Tax Act. This audit acts as a check […]
