Over the last decade, many strong economic reforms are implemented by the govt of India. The introduction of GST and investor-friendly laws helped many industries to extend profit and for several to sustain. These favorable conditions are making India stand firmly during these critical financial conditions worldwide. Following are the ten leading industries in India,Continue reading “Top Businesses In India”
Author Archives: PK CHOPRA
The Process of Due Diligence Services in India
If you happen to be an entrepreneur or a sale one that has his/her sights on the acquisition of a business, it’s your right to examine the financial records, and research that’s company activity related. Due diligence services in India enters the image at now and ensures that related information is compiled. It also seesContinue reading “The Process of Due Diligence Services in India”
Audit under CFR regulations – Code of Federal Regulations
This Article talks about the overview for conducting audit as per Code of Federal Regulations CFR, standards for obtaining consistency and uniformity for the audit of Indian Government and Non-Government social bodies which are granted Aids by Government and Non-Government US agencies. In context to audits for projects executed by Healthcare and Hospital ‘s relatedContinue reading “Audit under CFR regulations – Code of Federal Regulations”
Impacts of Covid-19 on Financial Reporting
INTRODUCTIONCOVID-19, an infectious disease caused by a novel Coronavirus is exponentially spreading illness and causing deaths to citizens throughout the globe and has been recognized as a global pandemic by the WHO. COVID-19 has not only affected the health of people across the globe and it has also caused severe disturbances in the global economicContinue reading “Impacts of Covid-19 on Financial Reporting”
Spending of CSR funds for COVID-19 is an eligible ‘CSR activity’
Keeping in view the spread of novel Coronavirus in India, its declaration as pandemic by WHO, and decision of Government to treat it as notified disaster, it has been clarified that spending of CSR funds by companies for COVID-19 cause shall be eligible CSR activity under Companies Act, 2013. Funds may be spent for variousContinue reading “Spending of CSR funds for COVID-19 is an eligible ‘CSR activity’”
Detailed comparison of CARO 2016 with CARO 2020
In pursuance of its objective of strengthening the corporate governance framework under the Companies Act, 2013 to attain the national objective of becoming a $ 5 Trillion economy, powers conferred under sub-section (11) of section 143 of the Companies Act, 2013 and in supersession of the Companies (Auditor’s Report) Order, 2016, the Central Government hasContinue reading “Detailed comparison of CARO 2016 with CARO 2020”
E-FRRO compliance for foreign nationals in India
Under Indian law, the legal rights and the restrictions imposed on foreign nationals depend on whether they are categorized as residents or non-residents. Entry into India generally requires a valid visa granted by an Indian Mission (that is, consulate of the Indian embassy) abroad. Furthermore, foreign nationals who enter India must register themselves with theContinue reading “E-FRRO compliance for foreign nationals in India”
Stock Audit in India
Stock audit is a region of specialization and core competence for PK Chopra & Co. . Internal Audit Services are our greatest due to our unparallel reach and every one India network. Assets e.g. Stocks and physical assets like raw materials are important real assets and wish repeat watch. As a large number of companies areContinue reading “Stock Audit in India”
Major Tax Benefits for a salaried taxpayer
Salaried taxpayers form a major chunk of the overall taxpayers in the country and the contribution they make to the tax collection is quite significant. Income tax deductions offer a gamut of opportunities for saving tax for the salaried class. With the help of these deductions and exemptions prescribed under Income Tax Act, 1961, oneContinue reading “Major Tax Benefits for a salaried taxpayer”
Inventory audit
Inventories are tangible property held for sale in the ordinary course of business, or in the process of production for such sale, or for consumption in the production of goods or services for sale, including maintenance supplies, consumable stores and spare parts meant for replacement in the normal course. Inventories normally comprise raw materials includingContinue reading “Inventory audit”
Auditing Services in India 