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🚀 Everything You Need to Know About TAX AUDIT in Just 5 Minutes! 📊💡 🔎 What is a Tax Audit? A tax audit is a detailed examination of a taxpayer’s books of accounts to verify: ✅ Income & Deductions ✅ Compliance with the Income Tax Act, 1961 ✅ Prop

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Dear business🔊 please note your tax audit applicability ➡️Every business, including private limited companies, individuals, and partnership firms (excluding those opting for the presumptive taxation scheme), is subject to a tax audit ifTotal sale

The Finance Ministry has dismissed reports suggesting that the government is considering imposing Goods and Services Tax (GST) on UPI transactions exceeding INR 2,000. In an official statement, the ministry clarified, “The claims that the government

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GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

Taxes on IPL tournaments: ZERO % Taxes on Research & Development: 18 % Tax on IPL tickets for common people 18% + GST 28% + Entertainment Tax Shows the messed-up priorities in this country !

Mehnat ki kamai par moti rakam maangte hue pakadi gyi 😅( Caught demanding huge amount for hard earned money) Tax -Treatment of popcorn 🍿 The Goods and Services Tax (GST) Council, chaired by the finance minister and including state representative