Compulsory account maintenance enables referrals for special audit to support intensive tax investigations where needed. Special audit under section 142(2A) should be used for intensive investigation of film artists and similar professionals where accounts are absent or ... Summary
Compulsory account maintenance enables referrals for special audit to support intensive tax investigations where needed.
Special audit under section 142(2A) should be used for intensive investigation of film artists and similar professionals where accounts are absent or rudimentary; compulsory account-keeping rules and mandatory audit requirements for professionals strengthen the Department's ability to secure and examine prescribed books and records enabling such special audits.
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