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Tax Audit
Section 44AB of the Income-tax Act, 1961, outlines the provisions for conducting a tax audit of a firm or entity. The purpose of the tax audit is to verify that the taxpayer has furnished comprehensive and accurate information concerning their incomes, deductions, and taxes. This audit is carried out by a Chartered Accountants. To undergo the tax audit, the entity must maintain proper books of accounts, which are then scrutinized by a Chartered Accountant to ensure compliance with the rules and regulations of the Income Tax Act 1961.
Rest assured, Our Charted Accountants are here to assist you in comprehending the rules and requirements of Income Tax Audits.