Associate TG
5 Essential Professional Ethics Understanding the 5 Essential Professional Ethics In every profession, there exists a code of conduct that guides the behaviour, decisions, and interactions of its practitioners. These codes, known as professional ethics, are fundamental to maintaining integrity, trust, and credibility within a field. They serve as the moral compass, ensuring that professionals … Read more
Tax Audit Applicability for FY 2023-24 Professionals Introduction: Tax audit is a crucial aspect of compliance for businesses and professionals, ensuring accuracy and transparency in financial reporting. With the constantly evolving tax landscape, it’s essential for professionals to stay updated on the applicability of tax audit for the financial year (FY) 2023-24. In this comprehensive … Read more
Difference between TDS and Income Tax Return Difference between TDS and Income Tax Return Many taxpayers often confuse the terms Tax Deducted at Source (TDS) and Income Tax Return (ITR). For salaried individuals, it’s essential to comprehend the distinctions between TDS and ITR to grasp their impact on tax liability and refunds. The primary … Read more
E-Invoice Penalties Exploring Various Circumstances E-invoice penalties encompass a wide range of scenarios, from late submissions to fraudulent activities, each carrying its own set of consequences. To avoid these penalties, businesses must prioritize compliance with e-invoicing regulations, invest in robust invoicing solutions, and establish internal controls and processes to ensure accuracy and integrity in their … Read more
Presumptive Taxation in India Presumptive taxation, as per the Income Tax Act, offers relief to taxpayers with turnovers below two crore rupees. Under this scheme, individuals can declare income at a fixed rate, eliminating the need for extensive bookkeeping and audits. This article provides an overview of presumptive taxation in India. Relief in Compliance … Read more
