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Tax Audit in India: Rules, Forms, Due Dates & Penalties

Introduction to Tax Audit in India Tax Audit is conducted as per Section 44AB of the Income Tax Act, 1961 and is mandatory For all businesses and professionals having turnover more than the prescribed limits. Purpose and Importance of Tax Audit 1. Purpose of Tax Audit Ensures Accuracy in Financial Statements – Verifies the correctness… Continue reading Tax Audit in India: Rules, Forms, Due Dates & Penalties

Statutory Audit

Accounting and Bookkeeping Tips – Ultimate Guide 2025

Accounting and Bookkeeping Tips – Ultimate Guide 2025 Learn essential bookkeeping tips to manage financial records, track cash flow, reduce errors, and grow your business with smart accounting practices   Manthan Experts   July 19, 2025 Other Introduction Keeping Flow of money is very important for any business. Good bookkeeping helps businesses stay strong and… Continue reading Accounting and Bookkeeping Tips – Ultimate Guide 2025

Benefits of Filing Income tax Return in 2025

Benefits of Filing Income tax Return The Income Tax Act, 1961 explain the applicability of filing of ITR under Section 139(1). Manthan Experts July 19, 2025 Income Tax Consultancy Benefits of Filing Income Tax Returns in India Filing Income Tax Returns (ITR) in India is not just a legal obligation; it’s a crucial step towards… Continue reading Benefits of Filing Income tax Return in 2025

Challenges Faced by Taxpayers in Faceless Scrutiny Assessments

Challenges Faced by Taxpayers in Faceless Scrutiny Assessments   Manthan Experts   July 19, 2025 Income Tax, Income Tax Consultancy Introduction The introduction of Faceless Scrutiny Assessments under the Indian Income Tax framework was aimed at improving transparency, reducing human intervention, and making the tax assessment process more efficient. While the initiative was introduced with… Continue reading Challenges Faced by Taxpayers in Faceless Scrutiny Assessments

Different Income Tax Forms You Should Know Before Filing

Different Income Tax Forms You Should Know Before Filing   Manthan Experts   July 19, 2025 Income Tax, Income Tax Consultancy Introduction Here’s a brief overview of the Income Tax Forms (ITR) used in India for filing tax returns. These forms are designed to capture different types of income and deductions based on an individual’s or business… Continue reading Different Income Tax Forms You Should Know Before Filing

ESIC Registration Made Easy: Process, Benefits & Required Documents in 2025

ESIC Registration Made Easy Process, Benefits, Documents   Manthan Experts   July 19, 2025 Other Introduction The Employee’s State Insurance Corporation (ESIC) is a statutory body under the Ministry of Labour and Employment, Government of India. It administers the Employee’s State Insurance (ESI) scheme, which provides social security and health insurance to employees working in various sectors. What is… Continue reading ESIC Registration Made Easy: Process, Benefits & Required Documents in 2025

GST Audit: Types, Process, and Requirements in 2025

GST Audit: Types, Process, and Requirements   Manthan Experts   July 19, 2025 GST Services, Knowledge Center What is a GST Audit? A GST audit is an examination of a taxpayer’s records, returns, and documents to verify the accuracy of turnover declared, taxes paid, refunds claimed, and input tax credit (ITC) availed. It helps ensure that the taxpayer is… Continue reading GST Audit: Types, Process, and Requirements in 2025

GST Composition Scheme: Benefits, Eligibility and Registration Process

GST Composition Scheme: Benefits, Eligibility, and Registration Process   Manthan Experts   July 19, 2025 GST Services, Knowledge Center Introduction The GST Composition Scheme offers small businesses a streamlined approach to tax compliance under the Goods and Services Tax framework. This scheme allows eligible dealers to pay tax at fixed rates based on their turnover… Continue reading GST Composition Scheme: Benefits, Eligibility and Registration Process