Month: July 2024

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.