Tax Audit (sec 44AB) limit for Businesses is 1 Crore or 2 Crore in FY 2018-19 / AY 2019-20? Here is the answer

What is Audit ? Audit means an inspection of books of accounts by some officials or some specified persons for the purpose of establishing the fact that the accounting records present a true and fair view. Types of Audit There are two types of audit, namely Statutory audit and Tax audit. What is Statutory Audit ? Statutory audit is a compulsory audit for a Company governed by Companies Act, a Trust governed by Trust Act, Bank by RBI Act etc. by an external auditor to examine full accounting records of…

Is availing a Marriage Loan a good idea ? – Here is the Answer.

Why Use Marriage Loan to Fund a Wedding?  A marriage in family is synonymous with joy and festivity. But, in India, it is also synonymous with huge expenses. This is the reason why you can’t quite have your fair share of joy if you don’t have the funds to cover for the expenses. The expenses may ‘out-budget’ you any time and a fund crunch may come creeping in to dampen your cheerful mood. What’s the way out in such a situation? A marriage loan, of course! It can be a…