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Synopsis of Taxation Laws (Amendment) Ordinance, 2019

The Taxation Laws (Amendment) Ordinance, 2019 was promulgated by President on 20.09. 2019 which has amended the Income Tax Act, 1961, and the Finance (No. 2) Act, 2019. Compendium of major propositions: Income tax rate for domestic companies: Particular Old…

adminOctober 22, 2019October 22, 2019 Direct tax No Comments
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New GST Return Format

1.1 Applicability: Major outcome of the 31st Council meet was to introduce new return system under GST. New return system will contain simplified return forms, for ease of filing. An insight of the new tool was provided  in May 2019…

adminOctober 21, 2019October 21, 2019 GST services No Comments
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Internal Control Over Financial Reporting

INTERNAL CONTROL OVER FINANCIAL REPORTING (ICFR) can be defined as a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. IFCR…

adminOctober 18, 2019 Internal control No Comments
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