Author: Anil R Tikotekar
Maintenance of accounts by certain persons carrying on profession or business
Clipped from: https://incometaxindia.gov.in/Acts/Income-tax%20Act,%201961/2025/102120000000090803.htm 44AA. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or
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
Turnover limit for Tax audit is Rs. 1 crore or Rs. 10 crore under section 44AB of the Act – Taxontips
Clipped from: https://www.taxontips.com/turnover-limit-for-tax-audit-is-rs-1-crore-or-rs-10-crore-under-section-44ab-of-the-act/ Section 44AB deals with the limit for conducting Tax audit under the Income Tax Act. For Individual, HUF and firm they can skip
How homeowner saved Rs 1.42 cr under Section 54 of I T Act; CA explain how he did it – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/how-homeowner-saved-rs-142-cr-under-section-54-of-i-t-act-ca-explain-how-he-did-it-492579-2025-09-04 A Bombay High Court-backed ITAT ruling has clarified that the allotment date, not registration, decides capital gains tax treatment. The decision helped a