Author: Tech Munshi

  • Audit Of Accounts of Certain Persons under Income Tax Act. (Sec. 44AB)

    Audit Of Accounts of Certain Persons under Income Tax Act. (Sec. 44AB)

    Sec. 44AB of Income Tax Act, 1961 deals in provisions of audit of Books of accounts by certain persons under Income tax act, 1961. The following persons are required to get their books of accounts audited by a chartered accountant in practise: –  Types Of Taxpayers Tax Audit Coverage A person carrying on business If…

  • Basic Concept of NGO 

    Basic Concept of NGO 

    What is an NGO and NPO? NGO registration process? An NGO (non-government organization) or NPO (non-profit organization) is an organization consisting of people, volunteers, institutions, social workers, community, and citizens working in social voluntary organization for the welfare of society. NGO is a general term which is used to call all organizations working with a…

  • Compliances to be done by a newly Incorporated Company

    Compliances to be done by a newly Incorporated Company

    In this blog, we’ll outline the crucial compliance steps a newly incorporated company must undertake. Upon receiving the Letter of Incorporation from the Registrar of Companies, your first task is to gather all necessary documents: digital signatures, a copy of the Memorandum of Association (MOA), Articles of Association (AOA), the Letter of Incorporation, and a…

  • Key Sections of the Income Tax Act for Filing Income Tax Returns

    Key Sections of the Income Tax Act for Filing Income Tax Returns

    In this article, we will discuss various sections of the Income Tax Act that help us file our Income Tax Returns (ITRs) on time. This topic is crucial for clearing up any confusion among assessees regarding the due dates for filing ITRs. Section 139(1) of the Income Tax Act, 1961 Under Section 139(1), returns must…

  • How to Kickstart Your Business

    How to Kickstart Your Business

    Let me introduce myself first. I am a practicing chartered accountant in Delhi NCR for last Eleven years. The purpose of my article is to help out people who are in some kind of business or they are planning to start something new. According to my practical experience, in most of my clients who came…

  • How to save tax on capital gain from selling of residential property

    How to save tax on capital gain from selling of residential property

    This topic pertains to common taxpayers, especially salaried individuals, who often buy and sell multiple residential properties as part of their investment strategy throughout their working lives. In most cases, individuals selling residential properties end up with capital gains due to the appreciation in property value. Upon selling these properties, they become concerned about minimizing…