Tax audit objective: ensure accurate books, correct deductions, detect fraud and aid tax administration processes. The primary objective of a tax audit is to establish and report the information required under Form Nos. 3CA/3CB and 3CD and to verify that a taxpayer's ... Summary
Tax audit objective: ensure accurate books, correct deductions, detect fraud and aid tax administration processes.
The primary objective of a tax audit is to establish and report the information required under Form Nos. 3CA/3CB and 3CD and to verify that a taxpayer's accounts and records are properly maintained so they truly reflect income and correct deduction claims, help check fraudulent practices, and facilitate tax administration by reducing routine verification burdens on assessing officers.
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