Investments Scrutiny using LedgerVision Software Investment Scrutiny involves checking Investment related ledgers in Tally. Investments includes Fixed Deposits, RD Accounts, Shares, Debentures, Mutual Funds, Liquid Funds etc. Income gets generated on your investments in the form of Interest or Dividends. The Income frequency varies from monthly/ quarterly/ half yearly or yearly basis. In some cases,...Continue reading→
Reporting for Section 269SS & 269T for Unsecured Loans
One of the most important annexures attached with Tax Audit Report is Section 269SS and 269T. The objective of Section 269SS and 269T is to uncover hidden and unaccounted cash during raids. During raids from income tax authorities, whenever cash is found, common explanation given by assessee is that it was loan received from friend,...Continue reading→