{"id":3812,"date":"2021-01-12T16:29:17","date_gmt":"2021-01-12T10:59:17","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=3812"},"modified":"2021-01-12T16:29:17","modified_gmt":"2021-01-12T10:59:17","slug":"some-common-ideas-to-save-tax-in-business","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/some-common-ideas-to-save-tax-in-business\/","title":{"rendered":"Some Common and Uncommon Ideas to Save Tax in Business"},"content":{"rendered":"

As a CA firm, when we start auditing in any business entity, we observe the treatment of many expenses that are disallowed as per the income tax act,1961. These expenses become disallowed not because of malafide intention of such an entity but only because of wrong treatment done by them. In this article, we will discuss all those points in which business entities make common mistakes and their correct treatment. Also, we will provide some tips for saving tax. Following are the point which we will discuss in details:<\/span><\/p>\n

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TDS on the provision of Expenses<\/span><\/p>\n

Prior period Expenses<\/span><\/p>\n

Personal Expenses<\/span><\/p>\n

Taking of ITC on blocked credit<\/span><\/p>\n

Limit of deduction under Ch-VIA<\/span><\/p>\n

Timely filing of returns<\/a><\/span><\/p>\n

Selling old equipment<\/span><\/p>\n

Transferring your income to your spouse and children<\/span><\/p>\n

Home Office Expenditure-Share trading<\/span><\/p>\n

Invest in good software- TDS returns<\/a>, GST return<\/span><\/p>\n

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In this article, we will discuss about...<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n