Income Tax

Form 71 enable taxpayers in correcting errors in tax deduction at source (TDS). This form is also applicable when TDS […]

Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get accounts audited under Section 44AB

Clause 44 of Tax Audit Report in Form 3CD requires auditors to provide a detailed breakup of the total expenditure

Tax audit applicable if business or profession exceeds certain turnover or income threshold limits. Income tax audits under Section 44AB

Income tax refund delay occurs due to various factors which may include issues with verification, errors or incorrect information in

Section 44ADA of Income Tax Act means estimating the income of an assessee who is engaged in any profession referred

Section 44AB of Income Tax Act means when a person is engaged in business is required to maintain regular books

Unified Pension Scheme (UPS) is an important initiative announced on 24th August 2024 by the Narendra Modi government to provide

Section 43B(h) of Income Tax Act Finance Act 2023 inserted a new provision u/s 43B i.e., clause (h) which states

Tax Audit Report is a document prepared by a Chartered Accountant. It is prepared after examining thoroughly the financial records

Angel tax is levied on unlisted companies who have to pay on the capital they raise through issue of shares.

Income Tax Clearance Certificate (ITCC) is a document which states that an individual has no outstanding pending tax liabilities or