Understanding the Section 44AB Tax Audit in a Simplified Manner


Tax Audit under Section 44AB Tax Audit is simply an examination of Books of Account of the Business/Profession from the Tax perspective, conducted by a Practicing Chartered Accountant and mandated by the Income Tax Law for certain categories of persons. In this article we will briefly discuss about the applicability, non-applicability, conditions, interlinking with Presumptive Taxation,...