Account & Audit

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June 26, 2024

Tax Audit Checklist on Clause 14 of Form 3CD Under the Income Tax Act, 1961

Image Clause 14(a) requires the … Continue reading “Tax Audit Checklist on Clause 14 of Form 3CD Under the Income Tax Act, 1961”

Blog, News, Account & Audit

June 25, 2024

Accounting of Pre-construction Expense Pending Fund Approval From Parent Company Under Ind AS Framework

A Ltd. herein referred to … Continue reading “Accounting of Pre-construction Expense Pending Fund Approval From Parent Company Under Ind AS Framework”

Blog, News, Account & Audit

June 25, 2024

Checklist for Clause 13 of Form 3CD in Tax Audit Under Income Tax Act

Section 145 provides that the … Continue reading “Checklist for Clause 13 of Form 3CD in Tax Audit Under Income Tax Act”

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June 22, 2024

ICAI Invites Member’s Comment on Exposure Draft Issued by International Federation of Accountants

International Panel on Accountancy Education … Continue reading “ICAI Invites Member’s Comment on Exposure Draft Issued by International Federation of Accountants”

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June 21, 2024

[Global Financial Insights] Singapore-Based Company Charged With $4.5 Billion Penalty Following Fraud Verdict and More

Global Financial Insights is a … Continue reading “[Global Financial Insights] Singapore-Based Company Charged With $4.5 Billion Penalty Following Fraud Verdict and More”

Blog, News, Account & Audit

June 20, 2024

[Opinion] March of Accountancy | Bare Intelligence to Artificial Intelligence

P.N. Kumar – [2024] 163 … Continue reading “[Opinion] March of Accountancy | Bare Intelligence to Artificial Intelligence”

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June 19, 2024

Classification of Mortgage Guarantee Contract as Financial Guarantee and Its Revenue Recognition

A company issuing mortgage guarantees … Continue reading “Classification of Mortgage Guarantee Contract as Financial Guarantee and Its Revenue Recognition”

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June 18, 2024

Change in the Method of Accounting From a Cash Basis to an Accrual Basis

As per guidance notes for … Continue reading “Change in the Method of Accounting From a Cash Basis to an Accrual Basis”

Blog, News, Account & Audit

June 17, 2024

Checklist for Clause 12 of Form 3CD in Tax Audit Under the Income Tax Act, 1961

Clause 12 requires the tax … Continue reading “Checklist for Clause 12 of Form 3CD in Tax Audit Under the Income Tax Act, 1961”

Blog, News, Account & Audit

June 15, 2024

ICAI Invites Public Comments on CIPFA’s International Non-profit Accounting Guidance Exposure Draft

The preparation of financial statements … Continue reading “ICAI Invites Public Comments on CIPFA’s International Non-profit Accounting Guidance Exposure Draft”