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What is tax audit

Answer Posted / nitu

person comes under section 44AB or say the person whose
Sales or Turnover exceeds 40 Lakhs in case of indvidual and
Company whether listed or unlisted it doesnt matters and in
case of Professonalism if turnover exceeds 10 Lakhs these
Persons are Liable for Compulsory Tax Audit dult signed by
a Chartered Accountant before the due date for furnishing
return.

Is This Answer Correct ?    12 Yes 3 No



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