Tax Audit and Time Limits for completing a tax audit in New Income tax Act 2025 Tax Audit in New Income Tax Act 2025 : The Income-tax Bill, 2025 outlines specific time limits for completing a tax audit, which are connected to the financial year. The concept of a “tax year” is introduced in the new… Read More »
Demonetization impact on Audit Report for FY 2016-17 In one of the historical reforms of the economy of India, Rs 500 and Rs 1,000 notes were banned effective from Tuesday midnight i.e on midnight of 08.11.2016. Lets study demonetization impact on Audit Report . Demonetization impact on Audit Report : Notifications of Ministry of Company Affairs… Read More »
CARO 2016 As per Companies (Auditor’s Report) Order 2016 Notified on 29.03.2016, CARO 2016 will apply for the audit of Financial Year 2015-16 and onwards. It has 16 clauses. Also Read CARO 2016 Applicability Conditions 16 Points to be reported by Auditor as per CARO 2016 (i) (a) whether the company is maintaining proper records showing full… Read More »