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Income Tax

Practical guides to returns, tax audit, assessments and notices.

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Income Tax

485 articles
Tax on Reconstitution of Partnership Firms, Section 9B and 45(4) Guide

Partnership Reconstitution: Tax under Sections 9B and 45(4)

Test asset distributions separately from excess money or capital asset receipts. Reconcile the partner’s capital balance and preserve any eligible attribution to assets remaining with the firm.

By Team assureOffice
Cash Transaction Restrictions Section 269SS 269T 269ST Penalties Guide

Cash Transaction Restrictions: Loans, Repayments, Receipts and Penalties

Apply the separate tests for accepting loans or property sums, repaying advances, receiving large payments and paying business expenses. Check the governing tax period before mapping penalties and audit reporting.

By Team assureOffice