Format of proposal for Tax Return Filing & Tax audit service The Importance of the proposal: Your proposal is like a handshake – it’s the beginning of a relationship. The first draft sets the tone. Make it clear, concise, and compelling. This document is your chance to shine and showcase the value you bring to … Read more
Format of Engagement letter for filing income tax return In my previous article, I emphasized the significance of obtaining an engagement letter for any professional work. It serves as a crucial document that outlines the terms and conditions of the engagement between the service provider and the client. With tax season upon us, securing a … Read more
Creating a Strong Foundation: Importance of an Audit Engagement Letter An effective audit engagement letter is a critical component of a successful audit. It establishes the terms of the audit, outlines the responsibilities of both the auditor and client, and serves as a reference point throughout the audit process. In this article we will discuss … Read more
Draft format of a statement of account STK-8 Statement of Accounts in form STK-8 is required to be prepared by a company when it goes for closure. This statement of accounts should be signed by at least two directors (or MD/Secretary & Director if there is MD/secretary appointed) of the company and required to be … Read more
Independent auditors report for the FY 2021-22 Everyone is talking about amendments in schedule III & CARO however most of those are not highlighting changes in Independent Auditors Report. Though changes are small but can result into significant risk of negligence. First I would like to request every one kindly read entire independent audit report … Read more
Management Representation Letter on Statutory Audit The Management Representation Letter is required to be furnished before the Financial Statements are signed. The auditor should obtain representations from management, wherever considered appropriate. The auditor should obtain evidence that management acknowledges its responsibility for the appropriate preparation and presentation of financial information and that management has approved … Read more
Latest format of Financial Statements of LLP The ICAI has issued technical guide for preparation and presentation of financial statements of limited liability partnership (LLP). Where in ICAI has prescribed format for preparation of financials of LLP which is in line with the Schedule III format for non-Ind AS following companies. The guide also prescribe … Read more
Format of disclosure under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 1. The disclosure as required by The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is required to be made in the annual Financial Statements of the entity wherever such Financial Statements are required to be audited under any law. … Read more
Format of letterhead as per Companies Act 2013 Nowadays “Compliance” word is buzzing across every sector. Compliances may be mandatory or optional but non-observance of which may be too much punitive either monetary or non-monetary. Here we are talking about non-compliance with the Company law. Recently registrar of companies issued hefty penalty order against non … Read more
Format of declaration from a director under rule 2(1)(C) clause viii As per rule 2(1)(C) clause viii of of the Companies (Acceptance of Deposits) Rules, 2014 , Any amount received from a person who, at the time of the receipt of the amount, was a director of the company is not a deposit. However, the said … Read more