Relief from tax audit under section 44AB

CA V.K. Subramani

Tax audit under section 44AB of the Income Tax Act, 1961 has provided transformational change in tax compliance by the taxpayers. It has put the responsibility on the tax auditors to report and the taxpayers hence have to meticulously follow legal compliances to avoid adverse reporting in the tax audit report which in the recent times has become very elaborate and demanding specific answers.