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What Is the Tax Audit Limit and Applicability for AY 2023-24? | #gst return # gst registration # Income Tax Audit # Business registration

What Is the Tax Audit Limit and Applicability for AY 2023-24?

What Is the Tax Audit Limit and Applicability for AY 2023-24?

Tax audits ensure that businesses and professionals adhere to the tax regulations set by the Income Tax Department of India. For Assessment Year (AY) 2023-24, it is essential to understand the tax audit limit and its applicability based on income, turnover, and digital transactions.