Category Archives: Income Tax

Income Tax

History of Income Tax in India, Genesis of Direct Tax & IT’s Reforms

History of Income Tax in India

History of Income Tax in India, Genesis of Direct Tax & IT’s Reforms in India. Law is Dynamic in Nature: This means that law evolves over time in order to meet the specific needs of the society in which it is operative. During the Rajaswa Gyan Sangam held in September 2017, Prime Minister Narendra Modi had […]

Changes in ITR and Tax Audit Report Forms (Form 3CD) for AY 2018-19

Changes in ITR and Tax Audit Report Forms

Changes in ITR and Tax Audit Report Forms (Form 3CD) for AY 2018-19: It is the tax season of the year!! The tax filings for the year ended 31st March 2018 are due and hence, the taxpayers and the tax professionals must be aware of the compliance and disclosure requirements in the tax audit report […]

Income Tax Due Dates September 2018, Direct Tax Calendar Sept 2018

Income Tax Due Dates

Income Tax Due Dates September 2018, Direct Tax Calendar Sept 2018. check various income Tax Due Dates for the month of September 2018. due date for 44ab ay 2018-19. Due date for Tax Audit us 44ab. Extended due date of filing of returns of income and audit report under Section 44AB for the assessment year 2018-19 […]

Overview of Tax Audit : Section 44AD, 44AB, 44ADA, Form No 3CD

Overview of Tax Audit

Overview of Tax Audit: In recent years, significant changes have been made in Form No. 3CD. Insertion of new clauses in recent years such as clause 17 related to transfer of land, building or both, changes in clause 21(b) in respect of amounts inadmissible under section 40(a), clause 33 which requires section-wise details of deductions admissible […]

Auditors Responsibilities while doing Tax Audit – A Detailed Analysis

Auditors Responsibilities while doing Tax Audit

Auditors Responsibilities while doing Tax Audit: The tax auditor should obtain from the assessee, the statement of particulars in Form No. 3CD duly authenticated by him. It would be advisable for the assessee to take into consideration the following general principles while preparing the statement of particulars: Auditors Responsibilities while doing Tax Audit (a) He can […]

FAQ on e-Filing of Tax Audit Reports for AY 2018-19 FY 2017-18

FAQ on e-Filing of Tax Audit Reports

FAQ on e-Filing of Tax Audit Reports for AY 2018-19 FY 2017-18: This article discusses the e-Filing process in general and answers some of the Frequently Asked Questions (FAQs). Read on to know more… 1) While creating login as Chartered Accountant, CA is getting error for mismatch/difference in Date of Birth / Name. In this […]

Procedure of e-Filing of Tax Audit Reports for AY 2018-19 FY 2017-18

Procedure of e-Filing of Tax Audit Reports

Procedure of e-Filing of Tax Audit Reports for AY 2018-19 FY 2017-18: Filing of Income-tax Returns and Tax Audit Reports electronically has fairly stabilized now. Regulations and tax compliances are changing every day, making e-Filing more challenging. These changes have increased the reporting requirements and have made it imperative for tax auditors to be more […]

Step By Step Guide to Tax Audit – Tax Audit U/s 44AB AY 2018-19

Tax Audit in India

Step By Step Guide To Tax Audit – Tax Audit U/s 44AB AY 2018-19 Including amendments for FY 2017-18. check out Due date of Tax audit, Tax Audit Slab is increased, Check details from below. Here we are providing Step By Step Guide on Tax Audit. Check complete steps for How to do Tax Audit . In […]

Form 3CA 3CB 3CD In Word, Excel, Java Format Applicable for 2018-19

Form 3CA 3CB 3CD In Word, Excel, Java Format

Download Form 3CA 3CB 3CD In Word, Excel, Java Format for AY 2018-19 applicable from 1st April 2018. Download Revised Form No. 3CD Tax Audit Report as applicable from 01.04.2018. We are Providing Form 3CA, 3CB and 3CD In Word, Excel and Java Format. Download These All Formats From Below. Recently We are Providing Deduction For […]

Income Tax on Agriculture (Part 1), source of income should be agricultural land

What is Agricultural Income and its Taxability

Income Tax on Agriculture (Part 1): Agriculture plays a vital role in Indian economy. Agricultural income declared by individual assessee who filed returns is over 20 times of country’s GDP. Except for two short periods of nine years in all (1860-1865 and 1869-1873), agricultural incomes have been exempt from the general income tax. In 1925, […]