Simplifying tax, finance, corporate law concepts
Importance of an Audit Checklist What is an Audit Checklist An audit checklist is a document or tool that helps auditors to ensure that all the key areas to review and all necessary steps and procedures are followed during an audit. It as a roadmap which will guide you through the auditing process. It includes…
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What are Mergers and Acquisitions (M&A)? Where two or more companies merged and form a single entity or where one company purchases and absorbs another company is known as merger and acquisition. In case of merger when two companies join together to combine resources and expertise for mutual benefit and form a new company. The…
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Introduction Permanent Account Number (PAN) is an alphanumeric identifier consisting of 10 digits. The fourth character of the PAN indicates the cardholder’s status, such as ‘P’ for individuals, ‘C’ for companies, and so on. It is not permissible for one person to hold two PAN cards. The government, through the Income Tax Department, utilizes PAN…
Introduction Tax is a mandatory charges levied or imposed by the government on individuals, corporates, Hindu undivided family, Partnership Firms and various other entities. The revenue generated from these taxes is utilized by the government to finance public services, infrastructure project and government operations, ensuring the welfare and development of the country. Understanding the tax…