Being a Risk Advisory Professional – New Expectations

In recent times, few instances were noted where Risk advisory professional was accused of being gross negligent and consequently either arrested or barred from practice as Chartered Accountant. It’s being said that if there is anything wrong happening in the... Read More →

Posted in Risk Advisory |

IRDAI defers Ind AS implementation for Insurance Sector

Background Ministry of Corporate Affairs, had on March 30, 2016 notified the road map for implementation of Ind AS for banks, insurers and NBFCs from accounting period beginning 01st April 2018. Insurers were required to implement Ind-AS 104, Insurance Contracts from... Read More →

Posted in others |

Why Risk Advisory to Manage Business Risk is Important?

What is Risk Management? Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. The risks could evolve from various sources such as financial risk, legal risk, strategic risk, nature’s apathy, etc. The... Read More →

Posted in Risk Advisory |

Central Board of Direct Taxes (CBDT) Issues Clarification On The Applicability Of TDS Provisions On Mutual Fund Dividend

Central Board of Direct Taxes vide Press Release dated 4th February, 2020 has clarified that under section 194K (proposed to be inserted vide Finance Bill, 2020), a Mutual fund shall be required to deduct TDS@10% only on dividend payment and... Read More →

Posted in Direct Tax |

Union Budget for the Financial Year 2020-2021

On 1st February 2020,  hon'ble Finance Minister of India, Smt. Nirmala Sitharaman tabled the Union Budget for the Financial Year 2020-2021. A brief snapshot of the Union Budget prepared by Dewan P.N. Chopra & Co. is attached. For more details... Read More →

Posted in Regulatory |