Tax Audit Demystified: Rules, Deadlines, and Key Thresholds

Imagine you're running a business.

The government wants to make sure you're paying the right amount of taxes.

Sometimes, you need a special check called a tax audit.

A CA (like an accountant) looks at your records to make sure everything is correct.

If your business makes a lot of money (over ₹1 crore), or you're a professional like a doctor or lawyer (over ₹50 lakh), you probably need an audit.

Digital businesses and businesses declaring a percentage of profit have different thresholds.

It is very important to file on time!