Audit Tax Consultants
Tax audit is done by auditors under the section 44AB of the income tax act. In the case of non corporates, they are needed to get a tax audit report from an auditor or a chartered accountant. Currently there is a limit of About Rs. 4 million under the section 44AB of the Indian income tax act of 1961. This limit applies to every one whose revenue generated from his businesses is greater than the figure indicated above. A tax audit is basically a routine procedure that is carried out all over the country. There is no need to get anxious worried or paranoid about your tax audit.
The audit can be done because of some irregularity in the returns but more often then not the tax audit is carried out purely on a random basis. But you need not get worried for there are a large number of tax audit consultants who will offer you advice and consultation at this point of time. The income tax department may choose a policy of selecting random cases for tax audits. In such a case the tax payer is simply expected to bring in the required documents needed for the audit.
A tax audit consultant will help you get the papers in place, will decide what are the necessary documents to be produced and will ensure that the tax audit which gets conducted is a smooth procedure for the client. The tax audit consultants also have the knowledge of what ought to be done in such cases and hence are able to handle them in an efficient and smooth manner. Thus it will be advisable for you to contact a tax audit consultant in the case of a tax audit being done.
Types of Tax Consultants | Naval | 
July 1, 2009 3:38 pm
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