by Sinewave Team | May 19, 2024 | Taxation
A tax audit involves an expression of the tax auditor’s opinion on the truth and correctness of certain factual details, furnished by the assessee to the Income Tax Authorities. This is done to ascertain the correctness of details of income as provided by the...
by Sinewave Team | May 19, 2024 | GST
Accounting is the most critical aspect of the financial activities. A proper accounting system ensures the smooth functioning of the organization. Accounting activities are subject to the accounting standards mentioned by accounting authorities or government bodies....
by Sinewave Team | May 18, 2024 | GST
A significant financial event that has occurred in our country during November 2016 to January 2017 was demonetization. To track, trace and curb black money and corruption, the government declared certain high-denomination currency notes as invalid. Citizens of our...
by Sinewave Team | May 18, 2024 | Taxation
It is often observed in the case of certain trusts that incomes or gains accrue or accumulate over a period. Usually, the objective of the funds received by trust are to utilise the same for charitable purposes or purposes on which grounds the registration was sought...
by Sinewave Team | May 9, 2024 | Taxation
Sale of capital assets is one of the important areas where taxation plays an important role. Any gains arising on such sale of capital assets are also eligible for certain deductions from income tax. Capital gains usually long term capital gains attracts various tax...
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