Tag Archives: #TaxReview

What are the new compliance under gst?

    User Intent The intent behind this article is to inform businesses, tax professionals, and stakeholders about the latest GST compliance updates in India for 2025. It aims to offer a detailed, step-by-step analysis of each change, including definitions, applications, benefits, limitations, comparative insights, and answers to frequently asked questions.​ Introduction As the Indian… Read More »

TDS compliance in tax audit report?

TDS compliance in tax audit report TDS compliance in tax audit report, In the context of a tax audit report, ensuring compliance with TDS (Tax Deducted at Source) is a vital factor that requires attention. Here are some key considerations regarding TDS compliance in a tax audit report: Verification of TDS Deductions: The tax auditor will… Read More »

How can an income tax return be verified?

Income Tax Return Verification Verifying an income tax return is a crucial step to ensure that the filing process is completed successfully and that the tax authorities have received and processed the return accurately. To visit: https://www.incometax.gov.in Here are the steps to verify an income tax return in India: Online Verification: Electronic Verification Code (EVC):… Read More »

Can a supplier issue a credit note without GST charges?

Credit Note without GST Charges   Credit note without GST charges, Yes, a supplier can issue a credits note without GST charge under certain circumstances. A credit note is typically issue to adjust or rectify an incorrect invoice or to provide a refund to the buyer. If the original invoice did not include Good and… Read More »

Can an income tax return be revised after the ITR is processed?

  Introduction Filing an income tax return (ITR) is a crucial financial responsibility for taxpayers. However, errors or omissions can sometimes occur while filing. A common question many taxpayers ask is: “Can an income tax return be revised after it has been processed?” The answer is yes, but with certain conditions. This article explores the… Read More »

Gst compliance checklist for private limited company?

GST Checklist for PVT Ltd Company   GST Checklist for Pvt Ltd Company, Verify if your company meets the turnover threshold for GST registration. Apply for GST registration by providing the necessary documents and information. Invoicing and Documentation: Ensure that all invoices issued by your company are GST compliant, including details such as GSTIN, invoice… Read More »

What is the objective of tax audit?

Tax Audit Introduction Taxation is a critical component of a country’s economy, ensuring revenue generation for public welfare and infrastructure development. However, to maintain transparency, accuracy, and compliance with tax laws, businesses and individuals must adhere to regulatory audits. One such essential audit is the Tax Audit. The objective of a tax audit is to… Read More »