Clipped from: https://cleartax.in/s/books-of-accounts-and-audit-requirements-for-freelancers The Income Tax Act has specified the books of accounts that are required to be maintained for the purpose of Income Tax. These have
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
*******Presumptive Taxation, Book-Keeping & Audit: Sections 44AB, 44AD, 44ADA
Clipped from: https://taxguru.in/income-tax/practical-guide-presumptive-taxation-book-keeping-audit-sections-44aa-44ab-44ad-44ada.html For India’s small and medium enterprises (SMEs) and professionals, mastering the provisions of Sections 44AA, 44AB, 44AD, and 44ADA is fundamental to ensuring
Voluntary Tax Audit u/s 44AB of Income Tax Act, 1961. Is it possible ?
Clipped from: https://taxguru.in/income-tax/voluntary-tax-audit-u-s-44ab-income-tax-act-1961.html Today we will discuss whether one can get Tax Audit Report u/s 44 AB of the Income Tax Act, 1961 and can e
Opted for Voluntary Audit? Enjoy extended ITR filing deadline – Taxmann
Clipped from: https://www.taxmann.com/research/income-tax/top-story/105010000000026549/opted-for-voluntary-audit-enjoy-extended-itr-filing-deadline-experts-opinion Meenakshi Subramaniam Former IRS officer There is good news for LLPs, across the country. Those who do audit, without being required, can file
Medical negligence: Documentation, expert opinion key to court success | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/medical-negligence-documentation-expert-opinion-key-to-court-success-125092500946_1.html The complaint must be filed in the right forum and within the limitation period Paliwal notes that landmark judgments from the Supreme Court
Tax audit deadline moved to Oct 31: Who needs to follow process, why | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/tax-audit-deadline-moved-to-oct-31-who-needs-to-follow-process-why-125092600558_1.html Tax audit deadline: One month more give to businesses and professionals after representations from industry groups When Tax audit Last Date Listen to
It will cost more to update Aadhaar card information: Know new fees here | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/it-will-cost-more-to-update-aadhaar-card-information-know-new-fees-here-125100200327_1.html UIDAI increases fee for biometric updates from Rs 100 to Rs 125, will review charges in Oct 2028 Photo: Wikimedia Commons Listen to
Thinking of withdrawing large amount of cash? Here’s when taxes can kick in | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/thinking-of-withdrawing-large-amount-of-cash-here-s-when-taxes-can-kick-in-125100700845_1.html If you’re planning large cash withdrawals, be mindful of the TDS rules under Section 194N – your bank could deduct tax once your
Update children’s Aadhaar biometrics for free: Process, criteria explained | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/update-children-s-aadhaar-biometrics-for-free-process-criteria-explained-125100700851_1.html Data is needed during school admissions, entrance exams and to avail certain government schemes Photo: Wikimedia Commons Listen to This Article Parents and
Section 54F: The little-known route to saving big on capital gains tax | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/section-54f-the-little-known-route-to-saving-big-on-capital-gains-tax-125100700864_1.html A closer look at Section 54F, the legal tax strategy letting Indians cut capital gains tax by reinvesting sale proceeds into residential property
Asset split in divorce: Courts presume equal ownership of joint assets | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/asset-split-in-divorce-courts-presume-equal-ownership-of-joint-assets-125100900949_1.html They increasingly recognise the wife’s non-monetary contributions such as homemaking and childcare when dividing assets Delhi HC rules husband cannot claim sole ownership
*******Taxability of Futures and Options (F&O) Transactions under the Income Tax Act, 1961
Clipped from: https://www.caclubindia.com/articles/taxability-of-futures-and-options-fo-transactions-under-the-income-tax-act-1961-53991.asp This document outlines the tax treatment of Futures and Options (F&O) transactions under the Income Tax Act, 1961, for FY 2024-25 (AY 2025-26),
*******Turnover Calculation for Speculative & Non-Speculative Transaction U/s. 44AB
Clipped from: https://taxguru.in/income-tax/turnover-calculation-speculative-non-speculative-transaction-sec-44ab.html Tax Audit Applicability under section 44AB Tax audit is applicable to certain classes of individuals which are mentioned under section 44AB of the
*******Comprehensive Clause-by-Clause Guide to Tax Audit Form 3CD
Clipped from: https://taxguru.in/income-tax/comprehensive-clause-by-clause-guide-tax-audit-form-3cd.html Introduction Form 3CD is the Statement of Particulars prescribed under Rule 6G(2) of the Income-tax Rules, 1962, to be furnished along with the
*******Audit Criteria for Business & Profession (Section 44AB) AY 2024-25
Clipped from: https://taxguru.in/income-tax/audit-criteria-business-profession-section-44ab-ay-2024-25.html Introduction: Understanding the audit requirements for businesses and professions under the Indian Income Tax Act is crucial for compliance and efficient financial management. Section
*******FORM 3CD: Applicability, Format and Key Tax Audit Clauses
Clipped from: https://cleartax.in/s/form-3cd#h4 Form 3CD is the annexure provided with the tax audit reports Form 3CA and Form 3CB furnished by the Chartered Accountant under section
*******Turnover, Balance Sheet, and P&L – Varsity by Zerodha Varsity by Zerodha
Clipped from: https://zerodha.com/varsity/chapter/turnover-balance-sheet-and-pl/?utm_source=perplexity 6.1 – Turnover & Tax Audit In the previous chapter, we discussed briefly on tax audit, and when it is required if you
*******Form 3CA-3CD User Manual | Income Tax Department
Clipped from: https://www.incometax.gov.in/iec/foportal/help/statutory-forms/popular-form/form3ca-3cd-um 1. Overview To discourage tax avoidance and evasion, the requirement of a tax audit was introduced by the Finance Act of 1984, by
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