Tax Audit applicability penalties AY 2023-24

Income Tax Audit Limit and Other Provisions under Income Tax Act for AY 2023-24 As the financial year draws to a close, taxpayers are getting ready to file their income tax returns for Assessment Year 2023-24 (AY 2023-24). One of the critical aspects of tax compliance is the income tax audit, which is conducted under […]

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Post Rule 86B of GST

Introduction to GST and Input Tax Credit (ITC): Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on the supply of goods and services in India. It was introduced on 1st July 2017 to replace a complex system of multiple indirect taxes and bring uniformity in the taxation of goods and services […]

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AIS… आयकर खात्याचा लक्ष्मीबॉम्ब!

मेनस्ट्रीम मीडिया, सोशल मडियात राजकीय नेत्यांनी एकमेकांवर केलेल्या आरोप करून फोडलेल्या फाटक्याची चर्चा असली तरी खरा बॉम्ब आयकर खात्याने फोडला. आयकर खात्याच्या वेब पोर्टल वर वर्षभरात केलेल्या सर्व प्रकारच्या आर्थिक व्यवहाराचा लेखाजोखा उघड करण्यात आला आहे. इनकम टॅक्स विभागाच्या वेबसाईटवर AIS अर्थात अन्युअल इन्फॉर्मशन स्टेटमेंट जारी करण्यात आले आहे. यात नागरिकांच्या सर्व प्रकारच्या आर्थिक व्यवहारांची […]

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Hello TDL Program

The Hello TDL program demonstrates the basic structure of TDL. The Report is executed from the existing Menu Gateway of Tally. Purpose: To invoke a new Report displaying the text Welcome to the world of TDL from the Menu Gateway Of Tally. [#Menu: Gateway of Tally] Item : First TDL : Display : First TDL Report ;;code comments [Report: […]

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WHAT IS INCOME TAX

Income tax is a direct tax that a government levies on the income of its citizens. The Income Tax Act, 1961, mandates that the central government collect this tax. The government can change the income slabs and tax rates every year in its Union Budget.  Income does not only mean money earned in the form of […]

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