Apurva Maheswari CA Akash Sanghai CA BACKGROUND: Standards on Auditing (SA)- 500 explains what constitutes audit evidence and SA 501 […]
Apurva Maheswari CA Akash Sanghai CA BACKGROUND: Forming an opinion on the financial statement (FS) by the auditors and reporting […]
Section 141 : Eligibility, qualification and disqualification of Auditors – Section 141 corresponding to section 224, 226 of Companies Act 1956. Section […]
Finance Act 2016 amended Section 115BBE to provide that w.e.f AY 2017-18 set off of any loss shall not be […]
1) Where High Court upheld Tribunal’s order holding that AO was not justified in making addition to assessee’s income in […]
Ans: Hon’ble Rajasthan High Court in case of Chambal Fertilisers and Chemicals Limited vs. JCIT (ITA No. 52/2018 order dated […]
Education Cess and Higher and Secondary Education Cess on Income Tax paid on Profit of business or profession, not to be disallowed u/s 40(a)(ii) of Income Tax Act, 1961. Q. Whether Education Cess and Higher and Secondary Education Cess on Income Tax are liable for deduction in computing income chargeable under head of ‘profits and gains of business or profession’ ?
Gold bonds can fetch interest rate of 2.75% per annum on the amount invested. Though, on the face of it, […]
A person holding a leasehold property and later on it got converted into freehold property. At times a person may have tenancy right over a flat and later on becomes the owner of the same flat. The question arises when the said property is sold within 3 years after the conversion of property into freehold or after the conversion of tenancy right into ownership.