IndiaLaw by assureOffice

Articles & practical guides

Practical Indian tax, financial reporting, labour, state law and business compliance guides for CAs, accountants and businesses.

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312 articles
Year-End Audit Finalization, Schedule 3 Checklist, Audit Defense, assureFinancials Cloud Guide

Year-End Audit Finalization with a Schedule 3 Financial Builder: Complete Checklist for CAs, Auditors & Finance Teams

A comprehensive, actionable year-end audit finalization checklist for Chartered Accountants, statutory auditors, and corporate CFOs using a cloud Schedule 3 Financial Builder. Covers pre-closing Trial Balance scrubs, adjustment journals, negative balance reclassifications, CARO 2020 cross-referencing, and rapid multi-format export.

By Team assureOffice
Small Companies Schedule 3 Format, Section 2(85), Cash Flow Exemption, assureFinancials

Schedule 3 Financials Format for Small Companies (Section 2(85)): Complete Balance Sheet, P&L & Cash Flow Exemptions

A comprehensive corporate reporting guide for Small Companies under Section 2(85) of the Companies Act, 2013. Explains the revised ₹4 Crore paid-up capital and ₹40 Crore turnover thresholds, mandatory Cash Flow Statement exemption under Section 2(40), CARO exemption, abridged notes, and automated preparation in assureFinancials.

By Team assureOffice
Section 115JB MAT, Ind AS Transition Reserve, Section 115JAA MAT Credit & Form 29B Certification

MAT under Section 115JB & Ind AS Transition: Book Profit Adjustments & Form 29B Guide

Complete corporate finance and tax accounting guide to Minimum Alternate Tax (MAT) under Section 115JB and Ind AS transition adjustments. Analyzes the 15% book profit formula, Section 115JB(2C) 5-year phase-in of transition reserves, Section 115JAA 15-year MAT credit utilization, Form 29B certification, and assureFinancials automation.

By Team assureOffice
Income Computation and Disclosure Standards (ICDS I to X) & Form 3CD Clause 13

Income Computation and Disclosure Standards (ICDS I to X): Tax Audit Form 3CD Clause 13 Adjustments Guide

An exhaustive practitioner guide to Income Computation and Disclosure Standards (ICDS I to X) under Section 145(2), analyzing revenue recognition differences, construction contract POCM rules, inventory valuation, mark-to-market loss disallowances, and Form 3CD Clause 13 reconciliations.

By Team assureOffice
GST on Flat Purchase, Real Estate GST 1% 5%, Under-Construction vs Ready-to-Move, ITC Ineligibility

GST on Real Estate and Flat Purchase: 1% vs 5% Rates, ITC Ineligibility, and Under-Construction vs Ready Property

A comprehensive real estate taxation and homebuyer guide on the Goods and Services Tax (GST) framework for residential property in India. Covers the 1% affordable vs 5% non-affordable housing tax rates, the 1/3rd deemed land deduction rule, why Ready-to-Move homes with Completion Certificates attract ZERO GST under Schedule III, builder ITC ineligibility, and consumer buying checklists.

By Team assureOffice
Trial Balance Regrouping, Negative Balances, Rounding-Off Schedule 3, assureFinancials

Solving Trial Balance Regrouping, Negative Balances & Rounding-Off in Full Schedule 3 Financial Statements

A comprehensive technical guide to solving trial balance regrouping, abnormal negative balances, and statutory rounding-off mismatches in Schedule 3 financial statements. Explains reclassification of customer/vendor advances, overdrawn bank accounts, statutory tax netting-off, and automated rounding algorithms in assureFinancials.

By Team assureOffice
Manufacturing & Trading Schedule 3 Format, Inventory Valuation, Raw Materials, assureFinancials

Schedule 3 Financials Format for Manufacturing & Trading Entities (Corporate & Non-Corporate Complete Guide)

A complete technical and operational guide to preparing Schedule 3 financial statements for manufacturing and trading businesses in India. Covers Raw Materials Consumed calculations under AS 2, WIP and finished goods valuation, manufacturing overheads, excise/customs/GST disclosures, and cloud preparation in assureFinancials.

By Team assureOffice