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Internal Audit

An overview of Audit Planning

Audit Planning

While planning for an audit, it requires establishing an overall audit strategy for engaging and developing an audit plan. The auditor’s role is to devis...

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Compliances

An overview of Compliance Audit

Compliance Audit

A compliance Audit, simply put together, is a tool of compliance which is utilized by both the internal and external auditors for the assessment and verifi...

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AIF Registration

SEBI introduces Special Situations Funds as a sub categ...

Special Situations Funds

The Securities and Exchange Board of India (SEBI) in its recently held board meeting on 28th December, 2021 introduced Special Situations Fund as a new sub...

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Compliances

Banks to seek prior approval for Foreign Currency Depos...

Foreign Currency Deposit Schemes

Recently, The Reserve Bank of India (RBI) has come out with a mandate which forces the banks to seek its prior approval before extending any kind of foreig...

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RBI Notification

All you need to know about Digital Rupee or Central Ban...

CBDC

The Union Minister of Finance in the budget of 2022-23 made one of the expected announcements of India’s own digital rupee or Central Bank Digital Curren...

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Taxation

Tax on interest of GPF to be applicable from 1st April...

tax on interest of GPF

From 1st April, 2022 onwards, the interest earned on General Provident Fund (GPF) by both the government and non-government employees will not remain exemp...

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Income Tax

Provisions related to cash transactions under Income Ta...

Cash transactions under income tax

Demonetization is not the only step that government took to regularize cash transactions taking place in India. Apart from demonetization, some other steps...

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Income Tax

Tax on Income from Share Market

Tax on income from shares

Almost everyone is aware of the incidence of tax on the income earned from salary, rental income and income from business. But very few are aware of tax on...

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