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CARO 2016 & CARO 2020

Comparative summary of CARO 2016 & CARO 2020

CARO 2020 represents the Companies (Auditor's Report) Order, 2020. Section 143 of the Companies Act, 2013 states that auditors are authorized to report…
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Input Tax Credit under GST

Input Tax Credit under GST

The Input Tax Credit is a key concept of GST as it eliminates the declining effect of tax. A registered person is entitled…
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Audit of a Small Company

Audit of a Small Company

Although auditing is often regarded as stressful, a wealth of valuable information can be gleaned from these financial tests. Internal and external audits…
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Issue & Redemption of Preference Shares

Issue & Redemption of Preference Shares – Companies Act 2013

Section 55 of the Companies Act, 2013 read with Rule 9 of the Companies Act (Share Debt and Capital), 2014 allows the Company…
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