Tax Audit refers to the verification or systematic review of the accounts of the taxpayer to ensure that the accounts are in accordance with the provisions of the Income Tax Act 1961. The Income Tax Act, 1961 has mandated the Tax Audit. This has been mandated with the main objective related to the problems of tax avoidance and tax evasion.
Income Tax Act 1961 has made tax audit compulsory on the annual gross turnover/receipts if the amount exceeds a specified limit. One must file the tax audit report on or before the due date of filing the return of income.
We, JKG Corporate Consultants LLP, provide you the services related to Tax Audit by adhering to the statutory provisions and standards.
