ITAT Surat affirms penalty on Pristine Jewellery for non-compliance with tax audit requirements, rejecting claims of reasonable cause and distinguishing previous ...

Futures and Options (F&O) trading income is treated as non-speculative business income under Indian tax laws. Here’s how it ...

Know the required documents, correct ITR forms, deadlines, and step-by-step instructions. File correctly and on ...

Confused About Tax Audit Applicability? Here's a Clear Flowchart to Help You Decide! Step 1: Identify the Type of Assessee Ask: Is the person carrying on Business or Profession? 🔸 If Profession ...

Where turnover is below Rs 2/3 crore (as applicable), the presumptive taxation scheme under Section 44AD may be availed by declaring at least 6% or 8% of turnover as profit. In cases where presumptive ...

At the same time, the audit rate for those making under $500,000 declined slightly in 2024, ... Numbers may change as more audits are completed. Tax rounded to the nearest hundred dollars.

ITR filing is applicable for all bloggers, freelancers, coaches. Applicable taxes for influencers. ... Sometimes, they income is required an audit also. Hence, ... The Sugam ITR-4S Form is used by ...

Advanced Technology Means More Scrutiny for High-Risk Returns - Clear Start Tax Helps Taxpayers Stay Audit-Ready IRVINE, CA / ACCESS Newswire / June 4, 2025 / The IRS is entering a new era of ...

A report, released last week by the Treasury Inspector General for Tax Administration, found the IRS could leverage its examination results when using AI to select cases for further scrutiny and ...