by Audit Analyst | Jan 2, 2026 | Corporate Tax
Applicability of Section 44AB Section 44AB mandates a tax audit for companies if their turnover exceeds the specified threshold. For corporates engaged in business, the audit applies if gross receipts exceed ₹1 crore. If cash transactions are limited to 5 percent of...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
Definition and Tax Status of Branch Offices A branch office is an extension of a parent company operating in another location. It is not a separate legal entity and operates under the control of the head office. For tax purposes, income earned by a branch in India is...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
Selection of Appropriate Business Structure Choose a tax-efficient entity type such as private limited company, LLP, or public company. Consider tax implications of ownership structure, liability, and capital requirements. Evaluate startup incentives and tax holidays...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
No Change in Corporate Tax Rates The Union Budget 2025-26 maintains existing corporate tax rates to ensure stability and predictability for businesses. No alterations have been proposed to the concessional tax regimes under sections 115BAA and 115BAB. This continuity...
by Audit Analyst | Jan 2, 2026 | Corporate Tax
Meaning of GAAR GAAR stands for General Anti-Avoidance Rules under the Income-tax Act, 1961. It empowers tax authorities to deny tax benefits arising from impermissible avoidance arrangements. GAAR is intended to counter aggressive tax planning strategies used to...
