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What is tax audit

Answer Posted / rahul rathore

Every person who has turnover above 40 lacs is foll under
audit compulsury . This is the tax audit .
In tax audit every transaction is checked carefuly
relating tax and or that transaction comes under any Act.
He should manitain books of account for the same . His
account by a Chartered Accountant and certfy that is
called TAX AUDIT.

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