Income Tax Audit under section 44AB

Articles deals with Income Tax Audit Provisions in India. It explains What is tax audit, objective of tax audit, who is compulsorily required to get his accounts audited, What are Form Nos. 3CA/3CB and 3CD, Due Date for Tax Audit, penalty for not getting the accounts audited as required by Read more…

Cash Transaction under Income Tax Law

Introduction: Many people have question about maximum cash they can give or accept without facing any problem under Income Tax Act. People have lot of doubts on one can accept cash and give cash whether in form of loan, advance, deposit or against a business transaction. 1. How much cash Read more…

Benami Transactions Act

A complete overview including amendments. Recently, Govt. has introduced a law which has given a sudden jolt to the real estate sector. But the fact is, it is not only the real estate sector which would be affected by this law but it would have an impact on all types Read more…

Payment outside India

What is Form 15CA and 15CB?Making payments outside India requires certain compliances, one such compliance being submitting of Form 15CA and 15CB. 1. Here are the full detailsA person responsible for making a payment to a non-resident or to a foreign company has to provide the following details – 2. Read more…