Income tax audit - due date, Limit & Section 44AB
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As the name suggests, a tax audit is an analysis of any profession's or business's books of account from the perspective of tax compliance. It entails examining income tax returns, taxable income, claimed deductions, and other provisions of the Internal Revenue Code. An income tax audit's main goal is to ensure that the taxpayer meets the income tax laws and regulations throughout the fiscal year.
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Enterslice Fintech
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