Audit was always needed when profit declared was less than 8% of turnover (and total income > BEL). This provision has not changed. Meaning if you have other incomes > 2.5 lac and a trading loss, tax audit will be applicable, irrespective of turnover, unless you adopt 44AD.

In F&O, tax audit is applicable if: - You are declaring profit < 6% of turnover or there is a loss; AND - Total income > basic exemption limit (2.5 lacs/ 3lacs). 📌Notice extract where my client didn't have turnover above 1CR, yet was mandated to get an audit. #incometax

Not able to epay tax. Site is hanging constantly. I have a loss to be carried forward and will lose the benefit if I can’t file. Income Tax India please assist. It is too slow to file anything.

Every year we fail to remember that every year there is a cry for proper infrastructure for filing. We assume that the authorities will be humane to accomodate the genuine delays.. and everytime we are stonewalled. Old regime information seeking, errors and corrections in the

Anyone facing an error while uploading DSC for CA?

Announcement providing relaxation in compliance with the 'Guidance Note on Financial Statements of Non-Corporate entities' and 'Guidance Note on Financial Statements of Limited Liability Partnerships' for annual reporting period 2024-25 Institute of Chartered Accountants of India - ICAI Ministry of Finance

OTPs are not reaching to the assessee on filing of tax audit report. Income Tax India please fix the issue. Very sad state of affairs. Portal glitches are still not resolved. So many errors are still persisting. #taxaudit #incometax

ITR 1 filed on July 21. Refund still not received. Acknowledgement number 396056150210725. Requesting Income Tax India to kindly expedite.

What we figured at our office is a pattern in the refund processing. Any refund of a client < ₹20,000 has been processed. Whichever month filed. Any amount due beyond this, the refund processing is still pending. Income Tax India Am I right or am I right?😃 Kindly expedite all

In my opinion, the government knows that the Sep 30 due date isn’t practical. It is a power play to project the tax professionals as inferior and incompetent. Testing patience at crucial junctures. Waiting for the begging to exceed all limits. What a dismal state! More so,

Group 2 classes for CA intermediate starting from October 15th. 4 months duration. Weekdays 7.30am to 10am & Weekends 7.30am to 1.30pm. Book your seat early coz we have a limited class size! Superrad Academy, Indiranagar Bengaluru

Group 2 classes for CA Intermediate are starting from October 15th at Superrad Academy, Indiranagar, Bengaluru. Class Timings: Tuesday to Friday (7:30 AM – 10:00 AM): FM & SM Saturday and Sunday (7:30 AM – 1:30 PM): Auditing & Costing The schedule is designed to suit working

Aditi Bhardwaj 🇮🇳 economictimes.indiatimes.com/wealth/tax/dec…

All the best to our foundation and intermediate students awaiting results! Praying and fingers crossed for all of you. Best wishes from your teachers at Superrad Academy ✨