Compulsory audit requirement and restrictions on cash loans tighten tax compliance, with penalties and trust taxation escalated. The Finance Act, 1984 prescribes income tax and withholding rates for 1984-85 and amends income tax, wealth tax and Unit Trust law to tighten anti avoidance and compliance. It introduces compulsory audits for specified businesses and professions with penalties and appeal rights, bars substantial cash loans or deposits with criminal penalties, restricts or withdraws various expenditure linked deductions and weighted allowances, tightens benami disclosure time limits, broadens wealth tax exemptions for certain assets, and subjects private trusts or charities forfeiting exemption to maximum marginal tax treatment.