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 »
Tax Audit for Automobile Dealers Tax Audit for Automobile Dealers sure, here are some compliance measures that automobile dealers should follow to avoid tax audit issues: 1. Keep accurate records: This includes all of your income and expenses, as well as any other relevant documents. The IRS can request to see your records for… Read More »
Dealership Taxation Sure, here are some compliance measures that automobile dealership taxation should follow to avoid tax audit issues: 1. Keep accurate records: This includes all of your income and expenses, as well as any other relevant documents. The IRS can request to see your records for up to six years, so it’s important… Read More »
Tax Audit Report The threshold limit for Tax audit report for Manpower & Employment Agencies in India is Rs. 10 crore for the financial year 2023-24, if the cash transactions do not exceed 5% of the total transactions. This is an increase from the previous threshold limit of Rs. 5 crore, which was applicable for… Read More »
Tax Audit Report for Hotels Here are some compliance measures that lodging businesses should follow to avoid tax audit report for hotels issues: 1. File your 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 businesses that… Read More »
Tax Audit Report for Hotel Tax Audit Report for Hotel, For businesses in the Lodging–Hotels, Motels, and Resorts sector, it’s crucial to be aware of the threshold limit and due date for tax audit reports: 1. Threshold Limit: The threshold limit triggering a tax audit for Lodging–Hotels, Motels, and Resorts stands at ₹1 crore. In… Read More »