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Understanding the update related to the auto-population of E-Invoice in GSTR-1 which has been provided on the GST Portal.
The present article briefly covers the important provisions and recent changes relating to "TDS on Payment to Contractors", which is covered u/s 194C of the Income Tax Act 1961.
Section 44AB, contains provisions of the "TAX AUDIT" under the Income Tax Act 1961. "TAX AUDIT" is an examination of books of accounts of the assessee. The examination is conducted to ensure that the assessee has properly maintained the books of accounts and other records and the tax liability has been computed properly.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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