An essential aspect of maintaining financial transparency and accuracy is the implementation of an audit trail, which serves as a detailed record tracking the origin and modifications of financial transactions within a system. Auditors are obligated to report on the adequacy and effectiveness of these...
The Central Board of Direct Taxes (CBDT) introduced amendments to Form 3CD through Notification No. 27/2024 /F. No. 370142/3/2024-TPL, dated 05-03-2024. These amendments primarily focused on enhancing disclosures related to certain provisions of the Income Tax Act....
A recent advancement in the taxation system promises to equip taxpayers with a valuable tool known as the ability to file revised Goods and Services Tax (GST) returns. This transformative change, set to take effect from 2025, aims to streamline the tax filing process and...
SEBI has notified SEBI (Index Providers) Regulations, 2024. These regulations aim to provide a regulatory framework for Index Providers in the securities market to foster transparency and accountability in the governance and administration of Indices. ...
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