In the world of finance and taxes, following the rules and being clear about your finances is very important. In India, one way of doing this is through an income tax audit. An audit is nothing but an official inspection. A Tax Audit is, in simple words, a process of verifying accounts and financial records to see that businessmen and individuals follow the tax laws correctly. It also allows people to calculate their income correctly when they file their tax returns. Here, we will understand everything about a Tax Audit.…
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