Articles by Naman Shrimal
View Full Profile
Pointers of the Ordinance passed to reduce corporate tax to 22%
Naman Shrimal 21 September 2019 at 12:50An ordinance has been passed to reduce the corporate tax rate to 22% + surcharge and cess to provide relief to business entities. Businesses have welcomed this slashing of tax rates as a promising step by the Govt. in helping the economy.
Tax audit not applicable for Turnover less than 1 crore
Naman Shrimal 07 September 2017 at 10:40Due to amendment in Finance Act, 2016, applicability of Tax audit in cases where turnover < 1 crore and net profit < 8%, tax audit is not applicable
Sample Disclosure as per ICDS
Naman Shrimal 06 September 2017 at 11:34Sample Disclosure as per Income Computation and Disclosure Standards for reporting in Tax Audit report for FY 2016-17.
Popular Articles
- Actual Reasons Behind ITR Refund Delay: Know When Will You Get Your Money?
- SC Ruling: ITC Cannot Be Denied When Seller's Registration Is Cancelled After Sale
- TDS and TCS Refund Rules Changed: Correction Window Now Only 2 Years
- Major Tax Reforms in Income Tax Bill: Know What's Changing From April 2026?
- EPFO 2025 Withdrawal Rules: Major Changes
- Complete Guide to the New GST Registration Process under Rule 14A
- Taxing Together: How Joint ITRs Could Empower Middle Class
- Income Tax Notice for Buying Property in Wife's Name
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
