In respect of the Foreign Guests the Internal Auditor should ensure to check the following: 1. Visa Requirements: Ensure that foreign guests have the appropriate visa for their stay in India. Different types of visas (tourist, business, employment, etc.) have different requirements and durations. 2. Passport Validity: Check that the guest’s passport is valid for at least six months beyond […]
As we approach the critical milestone of March 2025, the imperative for UK financial institutions to enhance their operational resilience has become increasingly urgent. Guided by directives from the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), firms are mandated to ensure readiness to operate within pre-defined impact tolerances for each significant business service by this deadline. This […]
Shareholders are more than mere investors; they are the vital force of a company, providing the capital that fuels its ambitions and innovations. They invest their money and trust the company’s vision. In return for this trust, companies bear a profound qualitative debt to their shareholders by distributing a portion of their profits to shareholders with a direct return on […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of April, 2024 issued by RBI, CCI and others. SEBI Updates SEBI Board Meeting (April 30, 2024) The SEBI Board met on April 30, 2024 where it, inter-alia, approved the following: Amendments to SEBI (Infrastructure Investment Trusts) Regulations, 2014 and SEBI (Real […]
1. Circular No. 7/2024: Extension of due date for filing of form 10A/10B Under the income-tax Act, 1961. Form No. 10A, in case of an application under clause (i) of the first proviso to clause (23C) of section 10 or under sub-clause (i) of clause (ac) of sub-section (1) of section 12A or under clause (i) of the first proviso […]
Navigating the financial world may be challenging for entrepreneurs, especially when they have to deal with complex data like Financial Statements. But understanding or analysing those assertions is essential to making sound decisions and moving your organization towards success. Here in the beginners guide, we have tried to simplify the basic fundamentals of financial statements and their construction so users […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of March, 2024 issued by RBI, CCI and others. RBI Updates Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 RBI has issued a Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 which […]
CBDT issues clarification on time limit to verify Income-tax Returns The CBDT vide Notification No. 2 of 2024 dated 31.03.2024; has clarified that if income-tax return and e-verification/ITR V are submitted within 30 days of uploading, the upload date is considered as the filing date. If submitted after 30 days, the submission date becomes the filing date, with the consequence […]
GST Calendar –Compliances for the month of March’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) April 10, 2024 GSTR-8 (Tax Collected at Source ‘TCS’) April 10, 2024 GSTR-1 April 11, 2024 IFF- Invoice furnishing facility (Availing QRMP) April 13, 2024 GSTR-6 Input Service Distributor April 13, 2024 GSTR-2B (Auto-Generated Statement) April 14, 2024 GSTR-3B April 20, […]
Lauded for its attractive array of business-friendly attributes, such as its simple tax regime, world-class infrastructure, and robust legal protection, Hong Kong has long been the go-to destination for companies of all shapes and sizes. The city’s allure hardly comes as a surprise. It serves as a bustling entrepôt, global financial hub, and an international maritime centre, among other roles. […]