Get the free Guidance Note on Tax Audit under Section 44AB of the ...
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1. 26th November 2021 (Commerce) Q.1 Tax Audit is compulsory in case a person is carrying on a business whose gross turn over/receipts exceeds: (1) Rs. 1 crore (3) Rs. 50 lakh (2) Rs. 40 lakh (4)
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What is guidance note on tax?
Guidance note on tax is a document issued by tax authorities providing instructions and clarification on tax laws and regulations.
Who is required to file guidance note on tax?
Taxpayers who fall under the jurisdiction of the tax authorities are required to file guidance notes on tax.
How to fill out guidance note on tax?
Guidance notes on tax can be filled out either manually or electronically, following the instructions provided by the tax authorities.
What is the purpose of guidance note on tax?
The purpose of guidance notes on tax is to help taxpayers understand and comply with tax laws and regulations.
What information must be reported on guidance note on tax?
Information such as income, expenses, deductions, and tax liabilities must be reported on guidance notes on tax.
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