Income Tax

Tax audit report filed in Form 3CD includes various clauses requires the assessee to report details related to GST compliance. […]

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

Section 44AD of Income Tax Act aims to give relief to small taxpayers having business income such as taxpayers engaged

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

ITR processing time means the duration it takes after the return has been filed. After ITR has been filed, the

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

194R TDS applies if any benefits or perquisites given in a business or profession, whether in cash or kind. Who