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Income Tax
Tax Audit Under Section 44AB - Checklist for Businesses
20 November 2024
Poojari & Associates
A practical checklist for businesses preparing for tax audit under Section 44AB.
Businesses with turnover exceeding the prescribed limits are required to get their accounts audited under Section 44AB. Key documents to prepare include books of accounts, bank statements, purchase and sales registers, fixed assets register, and details of TDS deducted and deposited. Ensure all transactions are properly documented and reconciled before the audit.
This article is for general informational purposes only and should not be considered as professional advice. Please consult a qualified professional for specific guidance.