July 30, 2024

Income Tax Audit in India

When is an Income Tax Audit Required on a Mandatory Basis in India? Understanding the Limits Introduction In India, income tax audits are mandated by the Income Tax Act, 1961, under various sections, depending on the type of taxpayer and their financial activities. Understanding these mandatory requirements, including specific financial thresholds, helps businesses and individuals…

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WynSwell Developer (Team C)