https://www.taxtmi.com/article/detailed?id=227 The author contends that turnover-based mandatory tax audit thresholds are outdated due to inflation, increased basic exemptions, reduced tax rates and changing profit margins, and proposes empowering the tax authority to set and periodically revise differentiated limits by rule based on business type, organization, profession and geography, with illustrative sector- and profession-specific thresholds and special consideration where receipts face withholding tax. en-us Thu, 13 Nov 2008 00:00:00 +0530 Fri, 14 Nov 2008 09:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=227 The author contends that turnover-based mandatory tax audit thresholds are outdated due to inflation, increased basic exemptions, reduced tax rates and changing profit margins, and proposes empowering the tax authority to set and periodically revise differentiated limits by rule based on business type, organization, profession and geography, with illustrative sector- and profession-specific thresholds and special consideration where receipts face withholding tax. Articles Income Tax Thu, 13 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=227