Management Audit is an assessment of the competencies and an analysis and capabilities of a company’s management in carrying out corporate objectives. It is an audit to examine, review and appraise the various policies and actions of the management on the basis of certain objective standards. It attempts to evaluate the performance of various management …
US tax returns are reports that contain data necessary to compute income taxes or other taxes and are sent to the Internal Revenue Service (IRS) or state or local tax collection authorities (such as the California Franchise Tax Board). Forms provided by the Internal Revenue Service or other applicable tax authorities are typically used to …
A stock audit is a procedure that a company must carry out at least once every financial year. As far as the stock audit procedure is concerned, it mostly entails counting physical stock and comparing it to computed stock stored by the company. The goal of doing so is to fix the discrepancy between book …
A non-resident Indian is a native of India or a person of Indian ancestry who is not a native of India. A non-resident Indian (NRI) or a person of Indian ancestry (PIO) can open an NRI account with a financial institution such as a bank. A non-resident Indian (“NRI”) can open multiple accounts in India …
The study or determination of tax on a person or entity subject to the tax rules of different nations is known as international taxation. Internal Revenue Services is the governing authority in the United States (IRS). Income tax returns are filed with the Internal Revenue Service (IRS) or with state or municipal governments. Forms mandated …
All individuals, HUF (Hindu undivided family), BOI (Body of Individuals), AOP (Association of Person), trust, the corporate are required to file ITR’s if their income exceeds the prescribed limit. There are different sorts of ITR available for various people. There are 7 ITR forms: ITR 1(SAHAJ), ITR 2, ITR 3, ITR 4(SUGAM), ITR 5, ITR …
Whenever people have queries regarding investing their money, Mutual Funds is a term that they often hear multiple times. Mutual Funds can be smart investments for almost any investor. But most times they do not know what is Mutual Fund or how does it exactly work. Mutual Funds are new age investments that offer adaptability and more …
Amendments, related to GST refund, made into CGST Rule 2017 by Central Government on the recommendation via Notification No. 15/2021 Dated 18th May, 2021 with the help of FAQ’s. These amendments shall come into the force w.e.f 18th May 2021. 1. As per Section 54(1) of CGST Act, 2017 read with Rule 90(3) of CGST Rules 2017 Refund of any tax and interest …
Having a liberalized economy, India became one of the most developed countries at a global level. The franchising sector in India is expanding and this business model is recommended as a way for starting a company in this country. Those who want to open a company in India should know that a franchise business is established through a franchising contract. What are the most developed franchising …
1. Appointment of First Auditor of the corporate with 30 Days of Registration of the corporate As per Section 139 of the businesses Act, 2013 every auditor before his appointment shall provide his consent for such a meeting and submit a certificate that satisfies the standards as mentioned under Section 141 of Companies Act, 2013 …