Taxation Blog

Section 115BA of the Income Tax Act, 1961 provides for a concessional tax rate of 15% on the total income of new domestic companies engaged… Read More »Demystifying Tax Audit in India-Part-3

Section 44BBB of the Income Tax Act, 1961 provides for a special presumptive taxation scheme for non-residents engaged in the business of providing exploration services… Read More »Demystifying Tax Audit in India-Part-2

As per Section 44AB of the Income Tax Act, 1961, the following categories of taxpayers are eligible for tax audit in India: Any person carrying… Read More »Demystifying Tax Audit in India-Part-1