The Income Tax Department has not extended the deadline for filing income tax returns (ITR) for FY 2023-24 for taxpayers ...

The Income Tax department had earlier, extended the deadline by 15 days from the original deadline of October 31, 2024 ...

Taxpayers requiring an audit must also submit a tax audit report before filing their ITR. This report includes critical ...

Rule 102 of the CGST Rules, 2017: This rule outlines the procedural aspects of a special audit, which includes the issuance of Form GST ADT-03 to direct the audit and Form GST ADT-04 to inform the ...

For effective financial management and to avoid penalties, keeping track of deadlines is crucial. Here are some important ...

Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

The Bureau of Internal Revenue (BIR) wields significant authority not only to levy taxes but also to investigate taxpayers’ books of account and accounting records. These investigations typically ...

The R&D credit is a tax credit that provides a dollar-for-dollar reduction in taxes owed for companies performing research, ...

Summary: A Limited Liability Partnership (LLP) is an increasingly popular business structure for startups in India, offering flexibility, limited liability, and lower compliance requirements compared ...

This double tax is created because the Form ... which the employee escapes only by ignoring the new Form 1040 filing instructions. Potential IRS audits are also likely. In processing Forms 1040 ...

Find out 'How Long to Keep Business Records' and ensure compliance with tax laws. Learn which documents to retain and for how long to protect your business.