What is the threshold limit and due date of tax audit report for Organizations, Charitable and Social Service ?

Tax Audit Report for Freelancers, Tax compliance and audit

Tax Audit Threshold Limit Tax Audit Threshold Limit, the threshold limit and due date of tax audit report for organizations, charitable and social service entities in India are as follows: Threshold Limit: Organizations, charitable institutions and social service entities can requir to get their accounts audit if their total gross receipts or turnover exceeds Rs.… Read More »

What records and documents should a Tour & Travel Agency maintain for ITR filing?

ITR Documents for Tour & Travel Agency   ITR Documents for Tour & Travel Agency should maintain a comprehensive set of records and documents to facilitate accurate and efficient Income Tax Return (ITR) filing. While specific requirements might vary based on jurisdiction and the agency’s operational intricacies. Here’s a general list of records and documents… Read More »

What compliance measures should Organizations, Charitable and Social Service follow to avoid tax audit issues?

Organizations tax Strategy   Organizations tax Strategy, Charitable and Social Service entities in India need to adhere to certain compliance measures to avoid tax audit issues. These measures help ensure proper financial reporting and transparency: ◘ Maintaining Proper Books of Accounts: Organizations must maintain accurate and up-to-date books of accounts, including records of income, expenses,… Read More »

What tax deductions are available for School, Colleges, Universities, Professional Schools during ITR filing?

Tax Deducted at Source

Tax Deduvtion for Educational Institutions   Tax Deduvtion for Educational Institutions such as schools, colleges, universities, and professional schools in India can avail certain tax deductions while filing their income tax returns (ITR). Here’s an explanation of the available tax deductions: ◘ Section 10(23C): Educational institutions can claim tax exemption under Section 10(23C) of the… Read More »

What Require Documents for File ITR as an engineers?

Require Documents for File ITR Here are the Require Documents for File ITR: 1. Form 16: This is provided by your employer and summarizes your salary, deductions, and taxes withheld. It’s crucial for reporting your salary income accurately. 2. Salary Slips: These documents detail your monthly earnings, allowances, and deductions. They help cross-check the information… Read More »

What is the penality and due date of tax audit report for Organizations, Charitable and Social Service?

ITR filing for Freelancers

Penalty Tax-audit   The due date and Penalty TaxAudit Reports in India for Organizations, Charitable and Social Service entities are as follows: 1. Due Date: For organizations, charitable trusts, and social service entities, the due date for filing the tax audit report is generally September 30th of the assessment year. This due date may vary… Read More »