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What are the Objectives of Tax Audits?

We all are aware that we will have to go through a tax audit if our turnover exceeds the prescribed number as prescribed by statute i.e. Income Tax Act 1961. However, have you ever wondered why there is a requirement for tax audits? Or, what are the objectives of tax audits? In [...]

Published Date: 30-Aug-2017 05:58 PM

Claiming House Rent Allowance Benefits in Income Tax Returns

So, you have been working in a company, for more than a year now. But, you have never come across the term HRA benefits. As a result, you don't know how to claim it. Before knowing about claiming your HRA benefits, let us know about it. HRA is an allowance that can be claimed by [...]

Published Date: 14-Jul-2017 06:59 PM

All About Tax Audit

The audit of the accounts of the income taxpayer in pursuance of the requirement of section 44AB of Income Tax Act, 1961 by a chartered accountant is called tax audit.Tax Audit and its Legal ProvisionsAs per section 44AB, it is compulsorily required for the following persons to c[...]

Published Date: 11-Jul-2017 04:48 PM

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