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What is Audit: Understanding the Different Types of Audit in India
As a business owner, you must monitor several additional things besides your financial transactions to ensure smooth operations. Auditing...

Nimisha Panda
Dec 14, 20247 min read
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Books of Accounts under Section 44AA: Essential Record-Keeping Guide
The government is very worried about tax evasion, and one of the many strategies used to monitor citizen incomes is keeping a book of...

PRITI SIRDESHMUKH
Sep 5, 20248 min read
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Cheque Bounce Notice: Understanding the Consequences
According to Section 138 of the Negotiable Instruments Act, 1881 ("Act"), bouncing a cheque is a crime that carries a maximum two-year...

Rajesh Kumar Kar
Aug 16, 202410 min read
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Unabsorbed Depreciation: Section 32(2) of the Income Tax Act
Depreciation is a reduction in the value of assets because of regular usage. It is recorded in the books of accounts as an expense and is...

Dipali Waghmode
May 8, 20248 min read
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UDIN: Verification, Format, Full Form, Helpline Number
Attestation by a Chartered Accountant on any certificate or such other document is considerable because it generally represents that the...

Rashmita Choudhary
May 12, 20236 min read
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Section 89(1): Claim Relief on Salary Arrears
Salary arrears are a double-edged sword. Though it would certainly come as a pleasant surprise if one does receive back pay, it will bump...

Indrajeet Sharma
Jan 20, 202210 min read
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