CA Geeta Smriti's Blog (2)

TAX AUDIT

  • What is tax audit?

​​The dictionary meaning of the term "audit" is check, review, inspection, etc. There are various types of audits prescribed under different laws like company law requires a company audit, cost accounting law requires a cost audit, etc. The Income-tax Law requires the taxpayer to get the audit of the accounts of his business/profession from the view point of Income-tax Law.

Section 44AB gives the provisions relating to the class of taxpayers who…

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Added by CA Geeta Smriti on September 26, 2018 at 12:49pm — No Comments

Income Charged to tax in India in hands of Resident/Non-Resident Tax Payer

 

  • Which incomes are charged to tax in India in the hands of a taxpayer

The following chart highlights the tax incidence in case of different persons:

Nature of income

Residential status

Residential status​…

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Added by CA Geeta Smriti on August 17, 2018 at 5:20pm — No Comments

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