Income TaxPresumptive Taxation Under Section 44AD and 44ADA, Explained
Declare profit at a fixed percentage of turnover, skip full books and a tax audit. Here's exactly who qualifies for Section 44AD and 44ADA, and what it costs you.
6 min read
#Tax Audit
4 articles
Income Tax
Audit & AssuranceTax Audit Season: The Form 3CD Clauses That Cause the Most Trouble
Most of a tax audit is routine. Four clauses account for nearly all the late nights, and each one needs data that lives outside the accounting system.
7 min read
Audit & AssuranceStatutory Audit vs Internal Audit vs Tax Audit: Key Differences Explained
Three audits, three different laws, three different audiences: business owners often assume they're the same exercise done thrice. They rarely are, and mixing them up gets expensive.
6 min read
Audit & AssuranceTax Audit Under Section 44AB: Who Needs It and What Triggers It
Crossing the turnover threshold isn't the only way a Section 44AB tax audit becomes mandatory. Presumptive taxation choices can quietly trigger it too.
8 min read