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 […]

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.