Practical Indian tax, financial reporting, labour, state law and business compliance guides for CAs, accountants and businesses.
A group invoice alone does not explain what the Indian entity received. Organise agreements, service evidence and allocation workings before reviewing management-fee pricing.
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Different totals can be correct only when their differences are explained. Build a transaction-level bridge from books to Form 3CEB and the related-party note.
By Team assureOfficeA search of purchase and sales ledgers is not a complete Form 3CEB review. Build a transaction matrix covering agreements, expense accounts and balance-sheet activity.
By Team assureOfficeAn accurate Form 3CEB starts with a complete associated-enterprise assessment. Collect relationship facts before extracting transactions or deciding reporting scope.
By Team assureOfficeA paid TDS challan does not prove that every deduction was correct or properly reported. Build separate obligation, deduction, payment and return-reconciliation layers.
By Team assureOfficeClosing loan balances do not reveal every payment-mode issue. Review receipts and repayments transaction by transaction, with separate analyses for the relevant provisions.
By Team assureOfficeClause 23 needs a reliable list of specified persons and the payments made to them. Learn how to build the working and avoid confusing reporting with automatic disallowance.
By Team assureOfficeA cash-payment review should test payment modes, daily aggregation and exceptions. Learn how to identify relevant transactions without treating every cash entry as a tax disallowance.
By Team assureOfficeBook depreciation and tax depreciation need connected but separate workings. Learn how to organise asset-block data for the tax-audit review without importing book net values into tax WDV.
By Team assureOfficeICDS is a tax-computation framework, not a replacement for the accounting standards used in books. Build a clear adjustment register before completing Clause 13.
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A fixed asset register should explain the movement in cost and accumulated depreciation. Reconcile both separately before relying on the closing net book value.
By Team assureOfficeYear-end adjustments should reflect the period in which income is earned and expenses are incurred. Use a documented process to identify, approve and track the entries.
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