AUDIT

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What Are Form No. 3CA/ 3CB And 3CD Under Income Tax?

​​​​​The report of the tax audit conducted by the chartered accountant is to be ​furnished in the prescribed form. The form prescribed for audit report in respect of audit conducted under section 44AB​ is Form No. 3CB and the prescribed particulars are to be reported in Form No. 3CD. In case of persons covered under …

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Vacancy At National Financial Reporting Authority (NFRA) https://www.livelaw.in/job-updates/legal-jobs-managerassistant-manager-vacancy-at-national-financial-reporting-authority-nfra-187092

Breaking: NFRA Issues Consultation Paper for Removing Compulsory Audit of Micro, Small & Medium Companies (MSMCs)

A preliminary analysis has been done by National Financial Reporting Authority (NFRA) on the key financial parameters of the companies registered in India from their MCA-21 filings and it is found that the fees paid to auditors by a large majority of Micro, Small and Medium Companies (MSMCs) are way below what an audit, when …

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CBDT Issues Clarification in Respect of Residential Status under Income Tax Act, 1961

CBDT Disposed Off All the Representations for Extension of Due Date for Filing Income Tax Audit Report

CBDT Disposed Off All the Representations for Extension of Due Date for Filing Income Tax Audit Report On 11th January, 2020, CBDT passes order u/s 119 of Income-tax Act, 1961 in F No. 370153/39/2020-TPL disposing off the representations for extension of due date for filing of Audit Report u/s 44AB, in compliance with the order …

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APPOINTMENT OF JOINT AUDITOR : IMPACT ON THE CORPORATE WORLD

In last couple of years, the audit profession has received the attention which no other profession has received due to corporate frauds which has surfaced, the kind of economic and regulatory changes taken place (which has not taken place for couple of decades). We have witness complete overhauling of Companies Act, Ind AS and Auditing …

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