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What Is an Income Tax Audit? Understanding the Essentials | #income tax audit # tax audit

What Is an Income Tax Audit? Understanding the Essentials

What Is an Income Tax Audit? Understanding the Essentials

An income tax audit is a systematic examination of a taxpayer’s financial records to verify compliance with the provisions of the Income Tax Act. Conducted by a qualified Chartered Accountant (CA), the audit ensures that the income declared and deductions claimed in the tax returns are a