Commencement of audit defines timing: the later of records made available or on site audit institution. Commencement of audit is the later of two events: the date on which the records/accounts called for by the audit authorities are made available to them, ... Summary
Commencement of audit defines timing: the later of records made available or on site audit institution.
Commencement of audit is the later of two events: the date on which the records/accounts called for by the audit authorities are made available to them, or the actual institution of audit at the place of business of the taxpayer; this later event fixes the starting point for statutory audit timelines.
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