The date of linking PAN-Aadhaar has been extended by the government to Jun 30, 2023. Those who link it now will have to pay a fine of Rs 1000. The fine was levied after last year’s deadline of June 30, 2022 If you fail to link your PAN and Aadhaar after 30th June 2023, you … Read more
(2) With regard to the use of the name-board, there will be no bar to putting up a name-board in the place of residence of a member with the designation of Chartered Accountant, provided it is a nameplate or a name-board of an individual member and not of the Firm. (3) The requirement of Section … Read more
Foreign Contribution Regulation Act and Rules, 1976 In India, the purpose and the amount of foreign donation is under the regulation of the FCRA (Foreign Contribution Regulation Act, 1976). 44 Government of India, Ministry of Finance, Department of Economic Affairs, PMU Division. Circular No. F.No. 1/30/2003-PMU dated the 4th of January 2005 Foreign Contribution (Regulation) … Read more
Section 194R TDS: Applicability as per Income Tax Act
(1) Maintain the books of account and other documents by notified profession [Section 44AA(1)]: This section provides that every person carrying on the legal, medical, engineering or architectural profession or accountancy or technical consultancy or interior decoration or any other profession as has been notified by the CBDT in the official gazette must … Read more
The various items of income chargeable to tax as income under the head ‘profits and gains of business or profession’ are as under: (1) Income from business, profession, or vocation: Income arising to any person by way of profits and gains from the business or profession carried on by him at any time … Read more
A. This Guidance Note covers assurance engagements other than audits or reviews of historical financial information, as described in the Framework for Assurance Engagements (Assurance Framework) issued by the ICAI. This Guidance Note does not apply to assurance engagements for which subject-specific Standards on Assurance Engagements have been issued by the ICAI. Not all … Read more