Outsourcing Finance and Compliance: Ensuring Regulatory Adherence

Outsourcing finance and compliance functions can offer several benefits to organizations, including cost savings, access to specialized expertise, and increased efficiency. However, ensuring regulatory adherence when outsourcing these critical functions is paramount. Failure to do so can lead to legal and financial repercussions. Compliance Outsourcing: Compliance outsourcing, also known as regulatory compliance outsourcing or compliance...

Strategic Compliance Management: Leveraging Outsourcing for Regulatory Success

“Leveraging Outsourcing for Regulatory Success” refers to the strategic utilization of outsourcing to achieve success in regulatory affairs within a business or organizational context. “Leveraging Outsourcing for Regulatory Success” suggests using external expertise and resources, gained through outsourcing, to enhance an organization’s ability to meet regulatory requirements effectively. Organizations might choose to outsource certain regulatory...

Sec.148A: Is confusion still persist between 148 or 148A?

The Finance Act 2021 introduced a new section 148A in furtherance to section 148 for starting step of escaped assessment/reassessment u/s 147. As per earlier section 148, before commencing any reassessment, Jurisdictional Assessing officer (JAO) needs to draft his “reasons to believe” to open the assessment/reassessment u/s 147 as a statutory obligation on the it....

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