An auditor is an expert who gets appointed by an organization to evaluate and survey the financial records. According to the Companies Act, all entities in India, after their Company Registration is finished, must employ an Auditor to have the book of records audited...
Section 143 of the Companies Act 2013 requires reporting on CARO. It states that certain class or description of companies shall include a statement on a few, particularly specified matters. CARO 2016 mandates that the auditor’s report of these specified companies...
Overview Cash transactions are under a lot of restrictions nowadays which was previously used to be free. Now a threshold limit has been imposed on cash transactions. And anyone violating the limit can be legally penalized. The law has been made very strict and the...
What is Depreciation? Depreciation is used in the Accounting Methods to distribute the amount of a fixed asset over its assumed useful life. So, instead of deducting the total amount as an expense in the year of purchase, this business expense is divided into smaller...
RERA (Real Estate Regulation Act) 2016, was introduced, to make an advantageous and commendable Impact on home purchasers. Maharashtra was one of the few states which introduced RERA immediately after the Act was executed, by May 1, 2017. MahaRERA has its headquarters...
Cash Flows Problem Managing a company’s Cash flows are a huge challenge. There are many factors to keep in mind while managing your finances. Any type of loan, buying, trading, strategy affects cash flow in some way. It is very important to consult legal...
