Tax Audit 2025: Simple Guide to Who Needs It and When it’s Due
As a business owner in India, staying ahead of your tax compliance is crucial for a smooth financial year. The term “Tax Audit” can often seem daunting, but understanding its basic rules—primarily the ‘when’ and the ‘if’—can make the process much simpler. Let’s break down the two most critical questions for the Financial Year 2024-25 […]
GSTR-9 & GSTR-9C Filing: Deadline & Audit Requirements for FY 2024-25
GSTR-9 & GSTR-9C Filing: Deadline & Audit Requirements for FY 2024-25 Admin July 23, 2025 Filing GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement & Audit Report) is mandatory for businesses registered under GST. As the financial year 2024-25 comes to an end, taxpayers must prepare for these filings to avoid penalties. Here’s a detailed guide on deadlines, audit requirements, and […]
Last-Minute Tax Audit Tips: What to Do in the Final 10 Days
As the tax season draws to a close, the looming possibility of an audit can leave many taxpayers feeling anxious. Whether you’ve received an audit notice from the IRS or just want to be prepared, the last ten days before your audit can be crucial. Here are some essential tips to help you navigate this […]
Understanding the Implications of New Tax Audit Thresholds in 2024
Understanding the Implications of New Tax Audit Thresholds in 2024 Admin August 30, 2024 Tax audit thresholds are the financial limits that trigger a tax audit. These thresholds determine the level of income, assets, or other financial criteria that can lead to an audit by tax authorities. In 2024, changes to these thresholds could mean […]
ESSENTIAL TAX AUDIT UPDATES FOR 2024: WHAT EVERY CLIENT SHOULD KNOW
ESSENTIAL TAX AUDIT UPDATES FOR 2024: WHAT EVERY CLIENT SHOULD KNOW Admin August 26, 2024 As we step into 2024, it’s crucial for individuals and businesses to stay informed about changes in tax regulations and audit procedures. Whether you’re a small business owner or an individual taxpayer, understanding these updates can help you navigate the […]
NAVIGATING THE NEW TAX AUDIT REGULATIONS IN 2024: A CLIENT’S GUIDE
NAVIGATING THE NEW TAX AUDIT REGULATIONS IN 2024: A CLIENT’S GUIDE Admin August 22, 2024 The dawn of 2024 has brought significant changes to the tax landscape, affecting both individuals and businesses. These updates are crucial to understand, not only to remain compliant but also to optimize your financial strategies. In this guide, […]