Below are the FAQ's issued by Income tax department in relation to the change in Capital gain provisions under the ...

To provide comprehensive directions for conducting a statutory audit of "Other Current Liabilities" in an Indian company, ensuring compliance with ...

Trade payables are amounts a company owes to its suppliers for goods or services purchased on credit. They represent a ...

However, while processing the return the Income tax department is showing such return as defective return under section 139(9) of ...

Short-term borrowings are a crucial component of a company's balance sheet, representing obligations that are due within a year. These ...

Tax rates on capital gain increased: STCG rates on certain assets will be made 20%. LTCG rates on certain assets ...

The issue has been arisen because of the proviso added by Finance Act, 2023 which states that wherein total income ...

These provisions can include obligations such as employee benefits, warranties, legal claims, and environmental liabilities.

If the employee don't disclose such asset in their schedule FA it could lead to a penalty of Rs.10 lakh ...

Other long-term liabilities encompass various obligations that are not due within the next 12 months but do not fall under ...

Representations have been received from the trade and field formations seeking clarification regarding the taxability of Employee Stock Option (ESOP)/ ...

Long-term borrowings are a crucial component of a company's balance sheet, representing obligations that are due beyond one year from ...

Auditing share application money pending allotment involves a thorough examination of authorization, receipt, accounting treatment, allotment, refund processes, and disclosures.

The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the ...

Money received against share warrants is a significant item in the balance sheet of an Indian company. This refers to ...