Taxscan Academy’s Post

🚨 LAST DAY TO REGISTER !! 🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now : https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in #IncomeTaxAudit #TaxAudit #IncomeTax #TaxCourse #OnlineCertificateCourse #CertificateCourse #OnlineCourse #TaxscanAcademy #Taxscan

🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now: https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in #IncomeTaxAuditCourse #IncomeTaxAudit #IncomeTax #Audit #TaxCourse #IncomeTaxCourse #OnlineCourse #onlinecertificatecourse

🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now : https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in Taxscan#students #learners #business #finance #accountants #incometax #audit #gst #incometaxaudit #basic #advance #onlinecourse #livecourse #professionalupskill #careergrowth #taxscanacademy #taxscan #OnlineCourse #AcademyCourse #OnlineCertificateCourse #CertificateCourse

🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now : https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in Taxscan #students #learners #business #finance #accountants #incometax #audit #gst #incometaxaudit #basic #advance #onlinecourse #livecourse #professionalupskill #careergrowth #taxscanacademy #taxscan #OnlineCourse #AcademyCourse #OnlineCertificateCourse #CertificateCourse

💫FEW HOURS LEFT 🟩 Master Course on Income Tax Audit from a GST Perspective Enroll Now : https://lnkd.in/gn2f9-dY What will be Covered in the Course? ▪ Overview of Income Tax Audit: Purpose, scope, and key objectives ▪ GST and Income Tax Audit Interactions: How GST impacts income tax audits ▪ Reconciliation of GST Returns with Financial Statements: Ensuring accuracy and compliance ▪ Common Issues and Pitfalls: Identifying and resolving frequent audit issues ▪ Documentation and Evidence: Best practices for maintaining accurate records ▪ Recent Amendments: Understanding the latest changes in GST and income tax laws ------------------------------------------------ For Queries - 7560 932 109, academy@taxscan.in Taxscan #students #learners #business #finance #accountants #incometax #audit #gst #incometaxaudit #basic #advance #onlinecourse #livecourse #professionalupskill #careergrowth #taxscanacademy #taxscan #OnlineCourse #AcademyCourse #OnlineCertificateCourse #CertificateCourse

Notice under section 143(2) of the Income Tax Act,1961 is a crucial step in the tax assessment process. For AY 2023-2024, the deadline for issuing this notice is 30th June 2024. To avoid missing out on these notices, stay vigilant. The Faceless Assessment Centre has started issuing these notices in large numbers in June 2024. Assessee and Tax Consultants should regularly check their registered email IDs and the Income Tax portal to avoid any miss out of such notices. Here are steps to follow if you receive a notice under section 143(2): - Review the Notice: Understand the raised issues and required documents. - Consult a Tax Professional: Seek help from a Chartered Accountant for a proper response. - Gather Documents: Collect evidence supporting your ITR entries. - Respond Timely: Avoid adverse consequences by responding within the specified timeframe. - Written Submissions: Upload submissions to the Faceless Assessing Officer with necessary documents and explanations. Receiving this notice doesn't imply wrongdoing. Responding correctly and promptly is key to a smooth scrutiny process. Stay informed and proactive to address any queries effectively. #incometax #incometaxnotices #scrutiny #AY2023-2024 #30thJune2024

📅 June 2024 Tax Compliance Tracker: Income Tax & GST Deadlines 🗓️ Welcome to the Statutory Tax Compliance Tracker for June 2024! This comprehensive tracker provides an overview of the compliance requirements under the Income Tax Act, 1961, and the Goods and Services Tax (GST) Act, 2017 for the month of June. Stay ahead of your tax obligations with our detailed tracker, which includes: 🔹 Important due dates for various tax-related filings and payments. 🔹 Key compliance requirements under the Income Tax Act and GST Act. 🔹 Due dates for tax deposits, TDS certificate issuance, statements and returns filing, and GST payment. 🔹 Distinctions between taxpayers based on turnover and filing frequency. Whether you are an individual or a business, our tracker ensures you remain compliant and avoid any last-minute rush. Let's make tax compliance simpler and more efficient! Ensure compliance by submitting your forms before the deadline. Contact us now Connect@bagariaco.com +91 22 62505600 To expedite the process #TaxCompliance #IncomeTax #GST #TaxDeadlines #June2024 #TaxFiling #GSTAct #IncomeTaxAct #BusinessCompliance #TaxObligations #TaxTracker #TDS #TaxPayments #StayCompliant

Income Tax Update: TDS on Payments to Partners - Effective April 1, 2025 From April 1, 2025, a new provision under the Income Tax Act, Section 194T, introduces TDS (Tax Deducted at Source) on payments made to partners. Here’s what you need to know about this significant update: What Does Section 194T Cover? Applicability: Applies to resident partners of a firm receiving payments under Section 28(v), i.e., income from the firm taxable as business income. TDS Threshold: • Rate: 10% TDS on payments. • Exemption: No TDS if the total payment during the financial year is ₹20,000 or less per partner. Payments Covered: • Salary, bonus, or commission credited to partners. • Interest on capital or other payments made to partners. Why This Change? The introduction of Section 194T aims to enhance transparency in taxing partner incomes and streamline reporting. It ensures compliance by making firms responsible for deducting TDS on payments to their partners. hashtag #TaxUpdates hashtag #IncomeTax hashtag #Section194T hashtag #TDS hashtag #PartnerPayments

New deadline for submitting tax audit report is approaching; File it else be ready to pay Rs 1.5 lakh or 0.5% of sales as penalty The income tax audit deadline is on October 7, 2024, for FY 2023-24 (AY 2024-25). However, this deadline is an extended deadline, which means if you were pinning your hopes on the extended deadline, don't. The original deadline for submitting income tax audit report on the e-filing ITR portal was September 30, 2024. The government is unlikely to extend the deadline again. #audit #incometaxaudit #audit #taxauditlastdate #taxauditduedate #charteredhelp

Important Update: Tax Audit Deadline Extended to 07-October-2024! The CBDT has announced a one-week extension for the filing of tax audit reports. The new deadline is now 7th October 2024. This extension applies to all assessees required to file a tax audit under Section 44AB of the Income Tax Act for AY 2024-25.  This additional time should be leveraged to cross-check any pending data, conduct a final review of audit reports, and ensure compliance with all regulations. Any delay beyond the extended due date may attract penalties under the applicable provisions.  Stay updated, stay compliant.  #taxaudit #compliance #deadlines