Updates

AO not permitted to invoke the provisions of section 56(2)(vii)(b)(ii) in the absence of sub clause (ii) in the Act as on the date...

Parinda Borda vs. ITO Where the assessee had entered into agreement to sale cum possession of immovable property and paid substantial consideration prior to the date of amendment of the section 56(2)(vii)(b)(ii) of the...

Format of Statutory Auditors Report for FY – 2020-21

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ABC PRIVATE LIMITED Report on the Audit of the Financial Statements Opinion: We have audited the accompanying Financial Statements of ABC PRIVATE LIMITED (“the Company”), which comprises the Balance Sheet as at March 31, 2021,...

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