The CBDT finds that over 34.84 lakh audit reports had been filed on the e-filing portal for AY 2024-25 by 7 October 2024. Read More08th October 2024The CBDT has established an internal committee to examine the Income-tax Act thoroughly. Also, the department is seeking input from stakeholde...
Audit Returns are required for assesses under Section 92E 30/11/2024 Assesses who are not required to get his Accounts Audit 31/07/2024 Revised Return/ Belated Return 31/12/2024 Updated Return (ITR-U) 31/03/2026Filing Income Tax Return Due Dates for FY 2023-24 (AY 2024-25)There...
For the AY 2023-24, more than 30.75 lakhs audit reports, (including about 29.5 lakhs tax audit reports) were filed on the income-tax portal till 30 September 2023. Those entities with transfer pricing applicable have time till 30 October 2023 to submit the tax audit reports. Subject matter ...
Turnover exceeding Rs 1 crore:An audit is mandatory if the proprietorship firm’s annual turnover exceeds Rs 1 crore during the assessment year. This criterion applies to businesses engaged in trade or commerce. Professional proprietorship with receipts over Rs 50 lakh:In the case of a profession...
Rcm on audit fee(42) Itc on second havd vehicle purchase(33) Itc claim on rented building(28) Gst on office(25) Refund of interest on gst refund of pre-deposit(23) Reversal of tran cenvat credit(20) Itc credit for raw materials sold as scrap(18) ...
Statutory Audit Tax Audit Tax Planning TDS Transfer Pricing Recent Posts GST Advisory for Handling Invoices on IMS for FY 2023-24 E-Form MGT-7 Signing Limits - for Company Secretaries in Practice Tax Dept Sets Systematic approach to verify 'high-risk' refund claims FAQS related to Filling...
There are various monetary limits u/s Sec 44AA, 44AB and Sec 44AD relating to maintenance of books of accounts and audit. These provisions have created ambiguity among taxpayers and professionals.
0% VAT rate on Covid-19 vaccines and tests until 1 January 2023. Temporary exemption on the tax on cinema tickets as w ell as report of payment and temporary exoneration for the tax on variety show s. Temporary extension until 31 December 2022 of the tax credit for the productive ...
ITR forms 1,2,3,4,5,6 and 7 e-return and paper returns, it is also used to generate the tax audit report inside Form 3CA, 3CB, and 3CD. The direct import of Form 26 AS information in the software facility is also available. The software provides the option to digitally sign Inc...