by Audit Analyst | Dec 23, 2025 | Company Tax
Definition and applicability of csr expenditure Corporate Social Responsibility expenditure refers to the amount spent by eligible companies for social development under the Companies Act. It is mandated for companies meeting specific financial thresholds. Applicable...
by Audit Analyst | Dec 23, 2025 | Company Tax
Mandatory nature of filing for all companies Filing of income tax return is mandatory for all companies irrespective of profit, loss, or activity status. There is no exemption based on income threshold for companies. Every company registered under the Companies Act...
by Audit Analyst | Dec 23, 2025 | Company Tax
Meaning and status of a dormant company A dormant company is one that has no significant financial transactions or business activities for a specific period. It is granted dormant status under section 455 of the Companies Act. The company must apply for dormant status...
by Audit Analyst | Dec 23, 2025 | Company Tax
Purpose of raising a grievance on the portal The grievance mechanism on the income tax portal allows taxpayers to report issues related to tax filings, processing errors, refunds, or technical problems. It ensures formal redressal by the department. Used when returns...
by Audit Analyst | Dec 23, 2025 | Company Tax
Process for Claiming Income Tax Refund Filing the Income Tax Return The first step in claiming a refund is filing an accurate and timely income tax return. The return must reflect the actual tax liability and tax already paid. Choose the correct ITR form based on...
