Post by: Arnold Thomas in Government Initiatives Income Tax
Tax Audit Applicability - Post Budget 2020 An examination and assessment of books of accounts of an entity/ organization carrying on business or profession are termed as ‘Tax Audit’. Section 44AB of the Income Tax Act contains provisions relating to…
Post by: Sreeram Viswanath in Compliance Income Tax
Income Tax Audit under Section 44AB: Criteria, Procedure & Due Dates Tax audit refers to verifying the books of accounts maintained by a taxpayer. The purpose of tax auditing is to validate the income tax computation made by the taxpayer…
Post by: IndiaFilings in Compliance Income Tax
Accounts Maintenance & Tax Audit Limit A tax audit is an audit of books of accounts maintained by an enterprise for the purpose of satisfying the requirements of the Income Tax Act. The Act mandates professionals and businesses to obtain…
