The issue concerns whether declaring profits below the presumptive rate automatically triggers tax audit or whether turnover thresholds still apply. The analysis identifies a drafting anomaly that may ...
The audit section in a services agreement contains the provisions that specify a party’s right to access and review another party’s information in order to determine such party’s compliance with the ...
The article analyses whether declaring profits below presumptive rates automatically triggers tax audit under the Income-tax Act, 2025. It concludes that the law's ambiguity could support a narrower ...
An already controversial settlement of President Donald Trump’s lawsuit over leaked tax files would permanently halt existing tax audits of Trump and several associates. The Jus ...
An “independent director” is a director who (i) is not and has not been within the last three years an employee of the corporation or any affiliate, and does not have a relative who is, or has been ...
In a clip from his Fox Business interview with host Stuart Varney, posted on his Instagram on May 24, 2025, O’Leary was asked whether he supported the bill in its current form. He responded with ...
CAG has recommended that all future production sharing contracts for auctioned exploration acreages should have an in-built provision that will allow the govt's auditor to scrutinise the records of ...
The Karachi Chamber of Commerce and Industry (KCCI) has suggested the Federal Board of Revenue (FBR) to abolish multiple provisions of audit under the Income Tax Ordinance, 2001, simplify procedure ...
Accounting rule maker Institute of Chartered Accountants of India (ICAI) has asked the government to bring back the audit and certification provisions relating to Goods and Services Tax (GST) annual ...
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