Tag Archives: Tax Audit Problems

Things you must know about tax audit

Things you must know about tax audit 1. As per the provisions of section 44AB/44AD of the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs.1 Cr./ 2 Cr. (as the case may be) or carrying a profession whose receipts exceeds Rs. 50 Lakhs in the financial year 2017-2018,Must get his […]

Is extension of due dates – A tool of politics in India

Is extension of due dates – A tool of politics in India As an Consultants in the industry, I realize that the main reason of extension of due dates of filing of tax returns in every year is due to Interest of Balance tax paid under Section 234A which is tax paid by the due […]

Transfer Pricing- Aggregation of Transactions for Benchmarking

Transfer Pricing- Aggregation of Transactions for Benchmarking Aggregation of transactions or ‘blended Transaction approach’ is a nicely-widely wide-spread exercise for benchmarking and resolution of arms’ period price of global transaction/ exact domestic transactions in switch Pricing Certification and assessments and is broadly upheld in many judgements.