Taxation is an integral part of any economy, and in India, income tax plays a significant role in revenue generation for the government. Understanding the various types of assessments in income tax is crucial for taxpayers to fulfill their obligations and avoid legal complications. This article aims to delve into the different types of assessment …
Tag: taxpayer obligations
GST Audit: Everything You Need to Know
The Goods and Services Tax (GST) has transformed the indirect tax landscape in India. As part of its compliance measures, the government introduced GST audits to ensure transparency and accountability. In this article, we’ll explore everything you need to know about GST audits, along with some frequently asked questions. What is a GST Audit? A …