Why increasing Income ‘Tax Audit’ limit is not a good move By Anand Gupta TaxGuru

Why increasing Income ‘Tax Audit’ limit is not a good move In the recent union budget our Honorable Union Finance Minister increased the threshold limit for mandatory audit Under Section 44AB of the Income Tax Act, 1961 to Rs 10 Crores in cases where 95% or more transactions are done in digital mode.

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