Have you ever heard about the term audit or tax audit? Who does this work tax audits? Take a deep breath we will answer all your questions one by one. It basically involves the verification of the accounts maintained by the assessee. Audit…

According to section 44AB of the Income Tax Act, following are mandatorily required to get their accounts audited: An individual engaged in business with Rs.1 crore and above as the annual turnover of business. An individual engaged in any…