Auditor Reporting for Audit Trail

Auditor Reporting for Audit Trail In this blog, we will discuss meaning of Audit Trail and its legal backing and Auditor reporting responsibility for audit trail. Let’s look at the provision and Auditor responsibility for Audit trail. Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 laid down the provision of Audit trail requirement. Applicability – […]

All About 15CA and 15CB

All About 15CA and 15CB Every person liable for making payments to non-residents shall deduct TDS from the payments made to non-residents if such sum is chargeable to Income tax. Form15CA is a Declaration given by Remitter and is used as a tool by statutory authorities to collect information in respect of payments that are […]

Old Tax Regime vs New Tax Regime

As tax season is about to begin, let’s delve into a simplified discussion on the Old Tax Regime vs New Tax Regime.

Disclosure of Foreign Assets & Income in ITR

Disclosure of Foreign Assets & Income in ITR The disclosure of foreign assets and income in ITR is a key requirement under the Income Tax Act, 1961. Schedule FA necessitates detailing all foreign assets, such as shares and mutual funds, in your ITR-2 or ITR-3. Irrespective of the slab rate applicable, you must file an […]