Case Study On Denial of exemption under sections 11 and 12 of the Income Tax Act Our client, a charitable trust, was facing the denial of exemption under sections 11 and 12 of the #incometax 1961, due to the non-filing of Form 10B along with their return of income. They had been claiming exemption for...
Read moreDenial of exemption under sections 11 and 12 of the Income Tax ActWhy India Brought Crypto Intermediaries Under PMLA? – Understanding the Crucial Move The rise of cryptocurrencies has disrupted the traditional financial ecosystem and brought about a new era of financial transactions. While the decentralized nature of cryptocurrencies provides several benefits, such as increased privacy and reduced transaction costs, it also brings with it the risk...
Read moreWhy India Brought Crypto Intermediaries Under PMLA? – Understanding The Crucial MoveWebinar: Scaling up your MSME: Challenges & Best Practices Small and medium-sized enterprises (MSMEs) are the backbone of many economies worldwide. However, scaling up a business can be a challenging task for MSMEs, and many face significant obstacles in the process. In this webinar, we will discuss the challenges MSMEs face when scaling up their...
Read moreWebinar: Scaling up your MSME: Challenges & Best PracticesThe Ultimate Guide to Mastering the Audit Process Step by Step An audit is a process of evaluating and verifying the financial statements, records, and operations of a business or organization. Audits are crucial for ensuring compliance with regulatory requirements, identifying operational inefficiencies, and detecting fraudulent activities. During an audit, an independent auditor or an...
Read moreThe Ultimate Guide to Mastering the Audit Process Step by StepAsset assurance is an important aspect of any business. It ensures that the assets of the company are well managed, secure, and functioning optimally. In today’s fast-paced business environment, it is crucial for companies to have a robust asset management system in place. This not only helps in streamlining the operations of the company but...
Read moreThe Importance of Asset Assurance: Protecting Your Business from Unforeseen LossesAs a business owner, your assets are a valuable investment in your future. Whether it’s real estate, vehicles, equipment, or other valuable items, you want to ensure that your assets are protected and secure at all times. That’s where Asset Assurance Services come into play. At IPPC GROUP, we offer comprehensive Asset Assurance Services that...
Read moreAsset Assurance Services: Protecting Your Valuable InvestmentsKENDRIYE BUDGET EXPECTATIONS 2023-24 Budget 2023-24, the upcoming Union Budget of the Modi government before the 2024 polls, we can expect the budget to be taxpayer friendly focusing on the maximum benefit which could be provided to a taxpayer. However, keeping in mind that the Indian economy has started to recover from the scars of...
Read moreKENDRIYA’S BUDGET EXPECTATIONS FOR 2023-24In order to determine the authenticity appropriateness of the investment based deductions and reliefs to be claimed by the employee, the employee is required to furnish relevant documents and all necessary information about the investments. Investment proof is the actual proofs employees must submit where they must declare the investments made by them for tax...
Read moreWhy it’s important to provide investment proof?CBDT extends compliance deadline for capital gains tax waiver on residential properties. The income tax department has extended the time limit for a number of compliances related to long-term capital gains tax exemption, till March 31, 2023. Extending the time limit for compliance to be made for claiming any exemption under Section 54 to 54GB:...
Read moreCBDT extends compliance deadline for capital gains tax waiver on residential properties.Internal Auditing On Financial Reporting – Know How? Internal Auditing is an independent, objective assurance and consulting activity designed to add value and evaluating the effectiveness of internal controls. It includes assessing of risk of internal control weaknesses & examining of financial records of a company. It helps in securing compliance with the various laws...
Read moreInternal Auditing On Financial Reporting – Know How?
