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Startup

Registration of Start-ups under DPIIT: Eligibility and...

Registration of Start-ups under DPIIT: Eligibility and Benefits

Under the Start-up India Initiative, those companies that fulfil the eligibility can be recognized as start-ups by the Department for Promotion of Industry...

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NBFC

Significance of NBFC Registration in the Indian Financi...

Significance of NBFC Registration in the Indian Financial Market

There have been occasions when people who are new to Indian Financial Market wonder what is the need for NBFC Registration. It may be due to the fact that...

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CFO Service Financial Reporting

Fraudulent Financial Reporting & Misapp. of Assets...

Fraudulent Financial Reporting & Misapp. of Assets: Auditor’s Responsibility

Fraud can be of 2 types- fraudulent financial reporting and misappropriation of assets. You may have also heard of the term fraud risk factors, which means...

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Income Tax

Misreporting and Under-reporting of Income: Legal Provi...

Under-reporting and Misreporting of Income: Legal Provisions

Taxpayers must be cognizant of the repercussions of underreporting income or overstating deductions and exemptions when completing an income tax return. Ac...

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Income Tax

Deciphering the Meaning of Reasonable Opportunity in Fa...

Deciphering the Meaning of Reasonable Opportunity in Faceless Assessments

In a recent case, an assessee was issued show cause notice on 19th April 2021, giving him the opportunity to file a response by 21st April. The assessee re...

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Digital Payments

E-Rupi: Contactless and Cashless Digital Payment

E-Rupi: Contactless and Cashless Digital Payment

As a new digital payment solution, e-rupi was launched recently. It is a cashless and a contactless instrument for digital payment. It has been launched wi...

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Income Tax

Assessment and Reassessment Notice under Section 148 of...

Assessment and Reassessment Notice under Section 148 of Income Tax Act

Under Section 147 of Income Tax Act, the Income Tax Department has the power to reassess previously filed income tax return of an individual. The Assessing...

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Limited Liability Partnership

Parliament passes the LLP (Amendment) Bill, 2021

Parliament passes the LLP (Amendment) Bill, 2021

The Lok Sabha recently passed the Limited Liability Partnership (Amendment) Bill, 2021, with a view to encourage the start-up ecosystem and facilitate grea...

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