Tax Audit for Printing Services Sure, there is a threshold limit of tax audit for printing services. Under Section 44AB of the Income Tax Act, 1961, a person carrying on the business of printing is require to get his books of account audited if the gross receipts of the business exceed Rs. 1 crore… Read More »
Tax Audit Report for Spas For the financial year 2022-23 (assessment year 2023-24), the threshold limit governing tax audit report for Spas & Parlor Services stands at Rs. 1 crore. This implies that if your spa or parlor business achieves a total turnover exceeding Rs. 1 crore during FY 2022-23, the engagement of a… Read More »
Tax Audit Report for Grocery Here are the key components of a Tax Audit Report for Grocery & Merchandise Stores: 1. Executive Summary: This section provides an overview of the audit, including the scope, objectives, and findings. 2. Background: This section provides information about the taxpayer, including the business structure, operations, and tax filing… Read More »
Media Tax Compliance Here are some media tax compliance should follow to avoid tax audit issues: 1. File tax returns on time and accurately: This is the most important thing you can do to avoid an audit. The IRS is more likely to audit taxpayers who file their returns late or who make mistakes.… Read More »
Manpower Tax Solutions Manpower Tax Solutions, here are some compliance measures that manpower and employment agencies should follow to avoid tax audit issues: 1. Register with the appropriate government agencies: Manpower and employment agencies are required to register with the appropriate government agencies, such as the Department of Labor and Employment (DOLE) and the Bureau… Read More »
Tax Audit Report for Automobile Tax Audit Report for Automobile dealers stands at Rs. 10 crore, provided that cash transactions remain below 5% of the total transactions. This means that if an automobile dealer’s total turnover during a financial year is Rs. 10 crore or more, and if the cash receipts and cash payments do… Read More »
Tax Audit Prevention Tax Audit Prevention sure, here are some compliance measures that spas and parlor services should follow to avoid tax audit issues: 1. Obtain a business license and permit: The requirements for obtaining a business license and permit vary from state to state. Spa and parlor owners should contact their local government… Read More »
Tax Audit Report for Diagnostic The Tax Audit Report for Diagnostic center to be required to get its accounts audited is `₹1.5 crores** for the financial year 2022-23 (assessment year 2023-24). The due date for filing the tax audit report is **31st October“ of the assessment year. Visit for more information: https://www.mca.gov.in/ Here are… Read More »
Tax Audit for Media House Sure. The threshold limit for tax audit for a media house is `1 crore“ for the financial year 2022-23. This means that if the total turnover of a media house is more than 1 crore for the financial year 2022-23, then it is required to get its accounts audited by… Read More »
Compliance measures Compliance measures, here is a revised version of the provided text: Outlined below are essential compliance measures that diagnostic centers must adhere to in order to prevent potential tax audit complications. Establish and Execute a Robust Compliance Risk Management Program: Devise a comprehensive program to identify and assess all tax-related compliance… Read More »
