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Income Tax Department releases FAQs for filing Form 10B and 10BB
Tax avoidance and tax evasion are both related to the non-payment or reduction of taxes, but they differ in legality and intention.
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By terminating the services of a vendor, an assessee may intend to save the expense that it would have had to incur in the relevant previous year as well as for few more years going ahead. However, it cannot be said that this saving is an enduring benefit or has resulted in creating an asset.
How does undergoing an income tax audit solve issues and make things easier for businesses?
Bank Accountholders undertaking specified transactions to be alert as PMLA Act becomes more stringent for Banking/NBFC/Financial and other Entities
Purchase of immovable property outside India by Resident Individuals
Income Tax Department releases FAQs on: DSC Related Issues & Solutions
A tax audit is a formal examination of a taxpayer's financial records and tax returns by a government tax authority (such as the Internal Revenue Service in the United States) to ensure accuracy and compliance with tax laws.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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