Guide to Tax Audit under Section 44AB of the Income Tax Act

March 3, 2023

Introduction   A tax audit is an essential process that helps ensure that taxpayers are complying with the regulations set by the government. It is a systematic examination of an individual or entity’s financial records and accounts to verify that they are accurately reporting their income, deductions, and taxes owed. Tax audits play a crucial […]

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The Importance of Due Diligence and Compliance in Indian Asset Reconstruction Companies

February 16, 2023

Asset Reconstruction Companies (ARCs) are a key component of India’s financial ecosystem. These companies are tasked with the responsibility of acquiring non-performing assets (NPAs) from banks and other financial institutions and managing these assets to recover the maximum value possible. The success of ARCs is crucial to the overall health of India’s banking sector, which […]

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The use of technology in the audit and assurance process and its benefits

January 27, 2023

Introduction The way businesses function has been changed by technology, and the audit and assurance process is no exception. Audit and assurance refer to the process of evaluating a company’s financial records and operations to ensure they comply with laws, regulations and accounting standards. The use of technology in the audit and assurance process has […]

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Accounting Essentials for Real Estate Companies in India

January 6, 2023

Accounting is a crucial aspect of running a successful business, especially for real estate companies in India. Proper accounting helps real estate companies in India to track their financial performance, make informed business decisions, and comply with various regulatory requirements. In this post, we will delve into the provisions of the Companies Act, 2013 and […]

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