Reporting of GAAR, GST Details in Tax Audit Report Deferred – Covid 19

Reporting of GAAR, GST Details in Tax Audit Report Deferred In view of the prevailing situation due to Covid-19 pandemic across the country, the Central Board of Direct Taxes (CBDT) announced that the Companies will not be required to undertake…

Income Tax For Architects

Income Tax For Architects Architects are required to pay Income Tax to the government in relation to the income they receive by carrying out their profession. They earn their income through a variety of means and each method is associated…

MAT vs AMT

MAT vs AMT Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) are provisions introduced in the Income Tax legislation to ensure that taxpayers who avail of various deductions and exemptions do not escape the liability to pay at least…

Section 44AB of Income Tax Act

Section 44AB of Income Tax Act Section 44AB of the Income Tax Act contains provisions pertaining to the tax audit under the Income Tax Audit. A tax audit is an examination of a taxpayer's books of accounts.  The examination is…