No Statutory Dues Certificate A “no statutory dues certificate” is a document that confirms the absence of any outstanding statutory obligations or dues owed by an individual or organization. It serves as a declaration that all required statutory payments, such as taxes, fees, penalties, or other financial liabilities, have been duly settled. While… Read More »
When LLP is required to audit The requirement for LLPs to undergo an audit varies based on the jurisdiction and the specific regulations in place. Here are some general guidelines regarding when an LLP may be required to undergo an audit: Size Criteria: In many jurisdictions, LLPs are required to undergo an audit… Read More »
Making Turnover Certificate Making Turnover Certificate, you can follow these general steps: 1.Gather Financial Information: Collect the necessary financial information related to the turnover you want to include in the certificate. This may involve reviewing financial statements, sales records, revenue reports, or any other relevant documents. 2.Determine the Time Period: Specify… Read More »
Importance of audit report An audit report is important because it provides an independent and objective evaluation of a company’s financial statements and internal controls. Importance of audit report can be determined to know how It helps to assure the reliability and accuracy of financial information provided by a company to stakeholders such as investors,… Read More »
Check TDS compliance in Audit Check TDS compliance in audit, To Check TDS compliance in audit, you can follow these steps: Obtain TDS Returns: Request the auditee to provide copies of filed TDS returns (Form 24Q, Form 26Q, etc.) for the relevant assessment years. These returns contain information about the TDS deductions made by the… Read More »
New compliance under GST New compliance under GST, Here are some common compliances requirements under the Goods and Services Tax (GST) in India. GST Registration: Businesses whose turnover exceeds the prescribed threshold are required to register for GST. GST Returns: Registered taxpayers need to file regular GST returns based on their category and turnover.… Read More »
Secretarial Audit Report Secretarial Audit Report, The Annual Secretarial Audit Report, also known as the Secretarial Audit Report, is a document prepared by a practicing company secretary in India. It provides an assessment of a company’s compliance with various legal and regulatory requirements as prescribed under the Companies Act, 2013, and other applicable laws.… Read More »
GST compliance To check your GST compliance, you can proceed by following these steps: Visit the official GST portal or website of your country’s tax authority responsible for GST administration. Login to your GST account using your registered credentials such as your GSTIN (Goods and Services Tax Identification Number) and password. To visit https://www.gst.gov.in/ Once… Read More »
Contingent Liabilities Contingent liabilities can verify by reviewing the company’s financial statements and related disclosures. Companies are required to disclose significant that liabilities in their financial statements, along with a description of the nature of the liability and the likelihood of it being realized. The notes to the financial statements may also include information about… Read More »
Statutory Compliance Statutory compliance refers to the process of ensuring that a company or an organization is following all the rules, regulations, and laws set by the government and relevant regulatory authorities. These laws and regulations can include tax laws, labor laws, environmental laws, and other applicable laws that govern business operations. Compliance is important… Read More »