Tax audits play a significant role in income tax compliance in India, governed by Section 44AB of the Income Tax Act, 1961. Businesses with sales or turnover exceeding Rs 2 crore, professionals with ...

Think of a tax audit as a financial vibe check. Just like a company’s accounts are verified, income-tax authorities asks certain businesses and professionals to get their books audited by chartered ...

The government on Thursday extended the deadline for the filing of tax returns that were due on September 30, 2015 by a month to October 31, 2015. “The issue of extension of last date for e-filing ...

NEW DELHI: Government today extended the deadline for e-filing of income returns and audit reports for a special category of taxpayers, assessed under section 44AB of the Income Tax Act, by a month to ...

The Koramangala Club has escaped the taxman’s axe. In 2009, the IT Department had acted under Sec 44AB and 271B of the Income Tax Act. Under the former, it held that Koramangala Club had not followed ...