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WHAT IS TAX AUDIT? WHY & WHEN IT IS REQUIRE?
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verfication books of accounts
if traders annual tournover above 40 lac than tax audit is
compalsury & in case of profession limit is 10 lac
verfiy of your accouts book like sales book, purchase
register, journal , cash book , bank book , stock legder
are books compalsury
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / ca. pawan kumar garg
Tax audit is a rquiremnent under income tax act if the
gross receipts excess the specified limit.
In case of professional, gross recepts excess rs. 10 lacs
In case of others, gross receipts exceeds rs. 40Lacs
| Is This Answer Correct ? | 8 Yes | 0 No |
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