Section 194R TDS: Applicability as per Income Tax Act
Section 194R TDS: Applicability as per Income Tax Act
ICAI
COMPULSORY MAINTENANCE OF Books of ACCOUNTS [SECTION 44AA]
(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
ICDS: What is ICDS? | Applicability of ICDS and disclosure requirements under income tax act.
The notified ICDSs have to be followed by all assessees (other than an individual or an undivided Hindu family who is not required to get his accounts of the previous year audited in accordance with the provisions of section 44AB) following the mercantile system of accounting, for the purposes of computation of income chargeable … Read more
ICAI has issued the Scope of the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016)
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