Internal Audit for Foreign Companies in India: Frequently Asked Questions
Listed companies and certain unlisted public companies in India are mandated to conduct an internal audit. In this article we answer some frequently asked questions.
Cost Audit for Companies in India: Frequently Asked Questions
Companies in the manufacturing, mining, and service sectors in India are mandated to conduct a cost audit. India Briefing answers some FAQs.
Annual Secretarial Audit and Compliance Report for Companies in India
Certain types of business entities in India are required to conduct a secretarial audit and prepare their secretarial compliance report as part of the annual audit process.
GST Audit in India Begins for FY2018: What Should Businesses Know
We write about key documents and compliance requirements that businesses should prepare as the first GST audit in India gets underway.
India Mandates Financial, Secretarial Audit for Private Firms with Outstanding Debt
From FY 2020-21, private firms with outstanding debt of INR 1 billion or more are mandated to conduct secretarial and financial audits.
Filing Late Tax Returns in India: Penalty and Deadline for AY 2019-20
Taxpayers in India who missed their deadline to file taxes are advised to file their tax returns by December 31, 2019 to avoid harsher penalties.
Advance Income Tax in India
Any person in India, whose estimated tax liability is more than Rs 10,000 (US$145) in a financial year, after deducting TDS, must pay income tax in advance.
India’s Tax Cut – Corporate Rates Slashed to Encourage Investment, Revitalize Economy
India just slashed its corporate tax rate by almost 10 percentage points as Prime Minister Narendra Modi’s government seeks to boost investor sentiment in the country.