A Hindu Undivided Family (HUF) is a unique legal and tax entity recognized under Indian law. It is formed by members of a Hindu family and is treated as a separate person under the Income Tax Act for Income Tax Return Filing, 1961. Many families create HUFs to manage ancestral wealth, run family businesses, and… Continue reading HUF (Hindu Undivided Family): Meaning, Formation, Tax Benefits, and Key Features
The applicability of Tax Audit in India is governed by Section 44AB of the Income Tax Act, 1961. It lays down the threshold limits and conditions under which an audit of accounts is mandatory for businesses and professionals. Applicability of Tax Audit What is Tax Audit? A tax audit is an examination and review of… Continue reading Applicability of Tax Audit in India: Complete Guide for Businesses & Professionals
We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.
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