We’ve just wrapped up the non-audit tax filing season, and now we’re entering the critical and often confusing period of Tax Audits. Why do I call it confusing? Despite over several years of writing about Tax Audits, including numerous articles and full-length books, I still receive the queries around the applicability of tax audit in […]
Gain insights into recent CFO resignations, exploring reasons behind departures and their impact on companies’ financial landscapes.
Gain clarity on the limits under section 44AD for tax audit. Understand the bare act and avoid confusion during the filing season.
The 2020 lockdown was the greatest teacher in our lives. That time gave us the opportunity to explore more and more about our day to day lives, relationships, goals and aspirations. You might have observed that during lockdown, we suddenly got surrounded by ‘n’ number of learning platforms that were giving free certifications and I’m […]
As per the older concept, Business Process Outsourcing (BPO) is an overall framework in which similar and repetitive jobs are performed for a business which usually remains rigid in nature. India is a hub of BPOs and the KPOs were considered as a part of it.
Learn about the procedure and consequences of raids conducted under the Income Tax Act, 1961 in India.
In this article, we will discuss everything about the defective income tax returns. Meaning: Defective return is the return of income which is rejected by the Income Tax Department due to certain defects. After the defects being identified by the department, a notice under section 139(9) is issued to assessee. First of all, there is […]
It’s been a year of this Global Pandemic and a year of the hot discussion of MSME too. Although, the MSME is an older concept but it took a high rise in the discussions when lot of businesses were getting disrupted due to Covid-19. Some of the existing entities took this pandemic as an opportunity […]
All of us at some point of time decide to make some investments; reason can be future goals or current tax planning. Investments can be made in various modes ranging from Fixed Deposit in a Bank to Invest in stocks. First of all, let me clear one thing here that I’m talking about investments and […]
In India, majority of business class population comes from middle class and what business they do is of no relevance here but how they do is of utmost relevance. We all know the concept of sole proprietorship and partnership firms and yes this “firm” is the way in which how majority people work. Did you […]