Cheque Bounce Notice Format

Cheque bounce notice format

Cheque Bounce Notice Format [Legal Notice] A cheque bounce notice format is a demand notice for the dishonor of a cheque. It is a formal communication sent by the payee* to the drawer* informing that the cheque issued by him has been dishonored or bounced by the bank due to insufficient funds or other reasons. …

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Tax Compliance Calendar for September 2023

tax compliance calendar sep 2023

Tax Compliance Calendar for the Month of September 2023 Dear user, here’s a Tax Compliance Calendar for September 2023 related to GST, TDS, TCS, PF & ESI Compliance. This Tax compliance calendar is a schedule of important deadlines and due dates for GST, TDS, TCS, PF & ESI. These are very important compliances that every business needs …

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10 Benefits of outsourcing accounting services

10 Benefits of outsourcing accounting

10 Benefits of outsourcing accounting and bookkeeping services Here are the top reasons you should outsource your accounting and bookkeeping services. So, let’s see the top 10 Benefits of outsourcing accounting and bookkeeping services in India. As we know Accounting and bookkeeping play very crucial roles in the financial management of any business, regardless of …

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Cheklist for Statutory Audit Documentation

Statutory Audit Documentation

Checklist for documents to be obtained before starting Statutory Audit Performing a statutory audit involves a thorough examination of a company’s financial records and statements to ensure accuracy, compliance with relevant laws and regulations, accounting standards, and transparency in reporting. Documentation is a crucial aspect of the audit process, as it provides evidence of transactions, …

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Accounting Standards

What is Accounting Standard? The Institute of Chartered Accountants of India (ICAI) issues a set of guidelines known as Accounting Standards (AS) to establish uniformity and consistency in the preparation and presentation of financial statements by companies in India. These standards provide a framework for accounting policies, measurement, presentation, and disclosure of various financial transactions …

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Reporting on Internal Financial Control (IFC) in Audit Report

Internal financial control (IFC) reporting as per section 143(3)(i) of the Companies Act, 2013 Section 143(3)(i) of the Companies Act, 2013, pertains to the statutory auditor’s responsibility to include a statement in their audit report regarding the adequacy and effectiveness of the company’s internal financial controls (IFC). The section reads as follows: “(3) The auditor’s …

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What is Import Export Code (IEC)?

what is import export code

IEC stands for Importer-Exporter Code. It is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT), which is a department under the Ministry of Commerce and Industry in India. The IEC code is mandatory for any individual or business entity engaged in import or export activities in India. The IEC code …

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