A Tax Audit is conducted to determine whether financial records and transactions are correctly recorded and accounted for. This ensures that the records reflected of the actual income of the taxpayers and the claims for deductions made are accurate.
An experienced team of professionals take over execution of functions of tax audit. They ensure that the tax payers have complied with the regulations under the Income Tax Act, 1962 and have furnished complete and true information regarding the income and deductions and taxes.
A business strategy is the means by which it sets out to achieve its desired ends.
If you have been selected for a business audit, here is what you need to know.
Restructuring your company could restore its viability and improve its liquidity position.