What Is Tax Audit ? Meaning, Purpose and Etc.

April 10, 2023 ⚊ 1 Min read ⚊ Views 57 ⚊ BLOG

The term ‘audit’ refers to a check, review, verification or inspection of a record, transaction, account etc. A tax audit is the process of verification and inspection of the accounts of a taxpayer to confirm their adherence to the provisions of the Income Tax law. In order to get expert advice on legal ways to save taxes feel free to connect with a trusted financial advisor right away!

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