Tax audit is an examination or review of accounts of any business or profession carried out by taxpayers from an income tax viewpoint.
September 25, 2024
From October 1, 2024, buyback proceeds will be taxed as dividends, shifting the tax burden from companies to shareholders. Companies will need to deduct TDS at 10 per cent for residents and 20 per cent for non-residents, prompting a reevaluation of investment strategies
September 7, 2024
Income Tax Refund Delay Reasons: If your refund is still pending, there could be several reasons for the delay
September 5, 2024
Section 148 of the Income Tax Act grants an assessing officer the power to either assess or re-assess any taxable income that was wrongly computed and has not been assessed as per the provisions.
September 4, 2024
Being aware of key deadlines enables taxpayers to plan effectively and take full advantage of deductions, exemptions, and other tax benefits.
September 3, 2024
Individuals and HUFs can claim tax exemptions on LTCG from urban agricultural land by investing in capital gain bonds, purchasing a residential house, or acquiring another agrarian land.
September 2, 2024
Income tax calendar for September 2024: The deadlines are crucial for ensuring compliance with the Income Tax regulations in India.
August 29, 2024
While the income tax department has streamlined the refund process over the years, delays can still occur. Here’s what you can do to expedite the process and ensure your refund reaches you without further hiccups.
August 26, 2024
Tax payment details: In August, a couple of deadlines need to be fulfilled so that taxpayers can steer clear of penalties and potential legal repercussions.
August 2, 2024
It is necessary to have a working login, a PAN connected to your Aadhaar, and the acknowledgement number to access and monitor the status of your income tax refund.
July 31, 2024© 2018 CA Chandan Agarwal. All rights reserved.