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Taxology India

@taxologyin

Follow us to understand complex things in a simple way | Objective - Financial Literacy📚 | Manage by - @sppjain

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linkhttps://whatsapp.com/channel/0029Va5uuRA3rZZl46iIep33 calendar_today01-09-2021 03:53:24

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Section 43(h) Are you disallowing expenses under clause (h) of section 43B of the Income-tax Act, 1961 in the Tax Audit Report (Form 3CD)?

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Tax Audit FAQ Q: Mr. A is maintaining books of accounts at more than one location. Is the address of all the locations to be mentioned in the audit report? A: Yes, Clause 11 of Form 3CD requires a list of books maintained and the address at which such books of accounts are

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Temasek nearing stake purchase in VFS Global The deal could value the visa outsourcing and technology services firm at about $7 billion.

Temasek nearing stake purchase in VFS Global

The deal could value the visa outsourcing and technology services firm at about $7 billion.
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For Clause 22 related to Section 43B(h), Directly stating that the management was unable to provide data regarding MSME compliance, and therefore we were unable to verify it, may be risky. As auditors, we can request and verify the MSME certificates of the client's creditors.

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With many changes happening in GST related to Reverse Charge, Lets understand the difference between Reverse Charge & Forward Charge in a simple way.

With many changes happening in GST related to Reverse Charge, Lets understand the difference between Reverse Charge & Forward Charge in a simple way.
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Govt is planning to create a new framework for flexible working arrangements for women to lift their participation in the labour force.

Govt is planning to create a new framework for flexible working arrangements for women to lift their participation in the labour force.
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105.4 million e-way bills were raised for goods shipped within and across states in August, up 13% year-on-year, indicating growing manufacturing and trading activities.

105.4 million e-way bills were raised for goods shipped within and across states in August, up 13% year-on-year, indicating growing manufacturing and trading activities.
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Many people are confused about how to check whether a creditor is an MSME and whether its financials need to be reviewed. However, it has been clarified in Taxmann's book on Tax Audit that only a Udyam-registered micro or small enterprise must be considered for section 43B(h).

Many people are confused about how to check whether a creditor is an MSME and whether its financials need to be reviewed.

However, it has been clarified in Taxmann's book on Tax Audit that only a Udyam-registered micro or small enterprise must be considered for section 43B(h).
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This is very sad. Even when I was working with Deloitte, we used to talk about the hectic work culture of EY. But this news is extremely depressing and sad. In corporate culture, so much depends on your team. Try to create a good work environment. Well Being > Work

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Facing this issue on the Income Tax website while trying to upload Tax Audit Report. Last date to file Tax Audit is 30.09.24. Great Job Income Tax India

Facing this issue on the Income Tax website while trying to upload Tax Audit Report.   

Last date to file Tax Audit is 30.09.24. Great Job <a href="/IncomeTaxIndia/">Income Tax India</a>
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EY under scrutiny. Union Minister of State for MSME and Labour & Employment, Shobha Karandlaje, has called for a thorough investigation into the death of Anna Sebastian Perayil.

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As we discuss toxic workplace culture, we should also address this culture of carrying heavy laptop bags on your shoulder all the time. These bags are often quite heavy and can have adverse effects on the body. There should be a provision to keep laptops at the workplace instead

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With all the hue and cry relating to the death of a young CA due to work pressure, there should be an independent investigation by the ICAI. The ICAI should take responsibility, as the individual involved was a CA and the company in question is a CA firm. If any wrongdoing is