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India Tax Scams: Essential Tips for CAs

Tax season in India ushers in a busy period for Chartered Accountants and Accounting Firms. However, alongside the rush of filings and consultations comes an unfortunate reality – a drastic rise in tax-related scams targeting unsuspecting individuals and businesses across India. In recent times, there has been quite a surge in tax-related scams, particularly those…

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ICAI To Soon Consider Shorter Audit Reporting Frequency

The landscape of Chartered Accounting is continuously evolving, driven by technological advancements and changing business needs. One recent development from the domain comes from the Institute of Chartered Accountants of India (ICAI), the nation's regulatory body for the profession. Recognizing the impact of technology on accounting practices, the New President of ICAI, CA. Ranjeet Kumar…

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Should TDS Quarterly Penalties Apply?

Filing TDS returns on time is crucial for both the deductor as well as deductee.  However, unplanned events or technical glitches can cause delays in filing these TDS returns. While the Income Tax Act imposes penalties for such delays, it necessitates a closer examination of situations involving purely technical, unintentional errors. This blog provides a…

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