{"id":82,"date":"2022-01-04T06:15:37","date_gmt":"2022-01-04T06:15:37","guid":{"rendered":"https:\/\/komplytek.com\/blogs\/?p=82"},"modified":"2022-01-04T07:28:32","modified_gmt":"2022-01-04T07:28:32","slug":"tax-audit-under-section-44ab","status":"publish","type":"post","link":"https:\/\/komplytek.com\/blogs\/tax-audit-under-section-44ab\/","title":{"rendered":"Tax Audit under section 44AB of Income Tax Act 1961"},"content":{"rendered":"

A tax audit verifies that the taxpayers\u2019 books of accounts and other records of their business or profession have been kept up-to-date. This appropriately reflects the assessed taxable income.<\/p>\n

It also evaluates whether the assesses has complied with various income tax rules, such as filing taxes and deducting costs, along with other requirements.<\/p>\n

The threshold for the Tax Audit varies depending on whether the taxpayer is carrying on a business or a profession, or both. The provisions for tax audits in India are covered by Section 44AB of the Income Tax Act of 1961.<\/p>\n

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