Tax audit deadline nears: Check books, GST, Form 26AS, AIS, TDS, expenses and unusual transactions, and ensure figures in the audit report match the ITR…

Tax audit deadline: Key points taxpayers should keep in mind before filing the audit report

Changed Jobs This Year? Multiple Form 16s Could Complicate Your ITR Filing
If you have switched jobs during the financial year, you will receive a Form 16 from each employer. Each certificate will show only the salary…

Ind AS 118 and the Changing Face of Income Statement Reporting
The accounting profession does not often witness changes in financial statement presentation that have the potential to affect virtually every reporting entity. The proposed introduction…

ITR Filing 2026: Don’t File Your Tax Return Before Receiving Form 16A; Here’s Why
ITR Fiing: The Income Tax Return (ITR) filing season is all set to begin and taxpayers are already preparing to file their ITR early in…

From PAN, TDS to tax regime: 7 Form 16 checks you can’t miss before filing ITR
For many salaried employees, Form 16 is the starting point of ITR filing. But before you file your return, have you checked whether your PAN,…

Wage Definition under Labour Codes – Emerging Financial Reporting and Audit Considerations
Pursuant to the implementation of The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and The Occupational Safety,…

Ind AS 109 and ECL Modeling Key Judgments and Practical Challenges
Expected Credit Loss (ECL) under Ind AS 109 sits at the intersection of accounting, credit risk assessment, and professional judgment. Its forward-looking framework requires entities…

Segment Reporting as a Focus Area for Regulators
In an earlier article, Segment Reporting: A Window into Business Realities, we discussed how segment reporting under IFRS 8 and Ind AS 108, anchored in…

Ethical Considerations in Using External Experts in Assurance and Related Services Engagement
The use of external experts is now standard in audits, reviews, other assurance engagements, and related services engagements. As financial reporting, assurance scopes and regulatory…
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