The Role of Section 145 of Income Tax Act 1961 Ever questioned how businesses and professionals are required to keep their books of account for tax purposes? The Income Tax Act of India provides a structured method under Section 145 of the Income Tax Act 1961 to ensure transparency and consistency in accounting methods. In this article, we’ll look at Section 145 of the Income Tax Act, its sections, and how

Income Tax Audit under Section 44AB: Criteria, Processes, & Due Dates If you’re a business owner or a professional in India, you’ve possibly come across the term Section 44 AB of the Income Tax Act. It might seem difficult, but understanding this section is important for keeping your tax legal. In simple terms, Section 44

Understanding GST Audit and Its Importance The Goods and Services Tax (GST) system plays a crucial role in ensuring a seamless tax structure for businesses across India. One of the key elements of this system is the GST audit, which helps verify the correctness of a business’s tax records. Under Section 65 of the CGST