by CA Chinmay Shirish Agate | Sep 3, 2024 | Taxation
Any profits or gains arising from transfer or sale of a capital asset are called as capital gain. Capital assets means any kind of property held by a person, whether connected with their business or profession or not. It includes both tangible and intangible assets....
by CA Chinmay Shirish Agate | Sep 2, 2024 | Taxation
As the deadline for filing Tax Audit report approaches, it is very important to know who all are required to get their accounts audited under Income Tax Act. In simple words, an audit is a systematic examination or review of financial records. Section 44AB of Income...
by CA Chinmay Shirish Agate | Sep 1, 2024 | Taxation
The Income Tax Department of India overlooks the administration of direct tax laws in the country, primarily focusing on Income Tax Act, 1961. It works under the Department of Revenue in the Ministry of Finance. Central board of Direct Taxes(CBDT) is the apex body...
Recent Comments