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An audit's purpose is to ensure that management has presented a true and fair picture of a company's financial performance and position. Whereas financial...
On January 18, 2023, the Ministry of Corporate Affairs (MCA), issued a notification inviting comments from the public on changes being considered to the In...
Section 156 of the IT Act provides that in cases wherein any penalty, fine or any other sum is required to be paid as per this Act, the AO must...
The International Financial Services Centres Authority (IFSCA) Regulations 2021, with the aim to develop and regulate financial products, services and inst...
The Income Tax Department is vested with the power to examine the authenticity of the income tax return filed by the assessee, which the department does th...
There are instances during the ordinary course of business where the amount of payable tax is a decimal value which confuses the assessee regarding the act...
The Indian Textile industry is the oldest industry in the Indian economy, dating back several centuries. The nation is the 2nd largest producer of garments...
Compliance with income tax laws is an obligation for every assessee. Any leniency or ignorance in respect of the same can lead to the initiation of the req...
Investment in shares of big public sector companies such as Coal India Limited (CIL) provides l...
The Securities and Exchange Board of India (SEBI) issued a circular on May 2, 2025, simplifying...
Experiencing the loss of a loved one is one of the deepest emotional hardships a person can fac...
On January 16, 2025, the Reserve Bank of India (RBI) released the list of Non-Banking Financial...
Over the decades, the Oil and Natural Gas Corporation (ONGC) has been a key pillar in the portf...
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