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Tax audit, as the name implies, is an inspection or review of the accounts of any business or profession carried out by taxpayers from an income tax standpoint.

Tax Audit Applicability for FY 2022-23

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The Income Tax Department has released the updated version of Common Offline Utility for ITR Forms i.e. ITR-1 to ITR-4 on 22nd Sep, 2023.

Income Tax Dept issued updated Version of Common Offline Utility for ITR 1 to ITR 4

Income Tax Audit Due Date: Has the due date for submitting TAR Extended?

The Due Date for filing TAR as per the Income Tax Act for Financial Year 2022-23 (Assessment Year 2023-24) is 30th September 2023.

Tax Audit Due Date should be extended? Penalty for Non-Filing TAR

The Income Tax Department is working hard to expedite the processing of Income Tax Returns (ITRs) and the issuance of refunds.

IT Department making every effort to complete processing of Income Tax Returns

Many people buy a house in the name of their spouses in the intention of lowering their tax liability. However, according to the laws, this tax-saving strategy does not function.

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Tax Audit Applicability for FY 2022-23

Income Tax Dept issued updated Version of Common Offline Utility for ITR 1 to ITR 4

Income Tax Audit Due Date: Has the due date for submitting TAR Extended?

Tax Audit Due Date should be extended? Penalty for Non-Filing TAR

IT Department making every effort to complete processing of Income Tax Returns

Can you Save Tax on Capital Gain and Rent by purchasing Flat in name of Wife?