Tax Audit

Tax audit is an investigation of any business or profession accounts carried out by external taxpayers from an income tax viewpoint. It makes the process of income computation for filing of return of income easier.

Objectives of Tax Audit :

  • A tax audit ensures proper maintenance and correctness of books of accounts and certification of the same by a tax auditor
  • Disclosing observations/discrepancies monitored and noted by tax auditor after a well organizaed examination of the books of accounts
  • To notify defined details like tax depreciation, compliance with various provisions of income tax law, etc.
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