Guidelines for Selection of Income Tax Scrutiny Cases

Guidelines for Selection of Income Tax Scrutiny Cases The Ministry of Finance released the guidelines for selection of income tax scrutiny cases for the financial year 2019-20 on 5th September 2019. The guidelines shall evaluate the under-reporting income and loss…

Income Tax eAssessment

Income Tax e-assessment The Ministry of Finance (MoF) notified the e-assessment scheme to conduct faceless assessments to review or evaluate income-tax returns through online process. As this scheme applies to all national and regional centres, the physical appearance of the…

Due Diligence

Due Diligence Any merger and acquisition have to be carefully planned and executed; therefore, before closing a deal and to make informed decisions, the buyer typically carries out specific agreed-upon procedures to address the agreement from commercial, financial, tax and…

Income Tax Audit under Section 44AB: Criteria, Procedure & Due Dates

Income Tax Audit under Section 44AB: Criteria, Procedure & Due Dates Tax audit is an examination or verification of accounts of business/profession carried out by the taxpayers for income tax compliance. It eases the income computation process for filing income…

Salary Slip Format

Salary Slip Format Salary slip also known as a pay slip is provided to employees to record their monthly pay and allowances. It is a document that makes the employees aware of their incomes and deductions as it would differ…

Form 49AA

Form 49AA - Income Tax Application for Allotment of Permanent Account Number [Individuals not being a Citizen of India/Entities incorporated outside India/ Unincorporated entities formed outside India] [maxbutton id="17" url="https://www.indiafilings.com/learn/wp-content/uploads/2018/04/Form-49AA-1.pdf" text="Download Form 49AA" ]

Form 3AC

Form 3AC - Income Tax Form 3AC is a audit report under section 33AB(2) of the Income-tax Act, 1961, in a case where the accounts of the business or profession of a person have been audited under any other law.…

Form 3AAA

Form 3AAA - Income Tax Form 3AAA is a audit report under section 32AB(5) of the Income-tax Act, 1961 in a case where the accounts of the business or profession of a person have been audited under any other law.…

Form 3AA

Form 3AA - Income Tax Income tax Form 3AA is a report under section 32(1)(iia) of the Income-tax Act, 1961. Form 3AA is to be given by a Chartered Accountant. [maxbutton id="17" url="https://www.indiafilings.com/learn/wp-content/uploads/2018/04/Form-3AA.pdf" text="Download Form 3AA in PDF Format" ]