Tag Archives: “#TaxAuditAwareness

21. Is a Tax Audit Report required for Grocery & Merchandise Stores?

Tax Audit Report Whether a tax audit report is require for grocery and merchandise stores depends on the following factors: 1. The size of the business: I f the business has a turnover of more than INR 1 crore, it is require to get its accounts audited by a chartered accountant. 2. The type of… Read More »

Are online revenue tracking and online content creators subjected to tax audits?

Online Revenue Tracking Online Revenue Tracking,  Yes, online content creators can be subject to tax audits. A tax audit is a process carried out by tax authorities to ensure that individuals and businesses are accurately reporting their income and expenses, as well as complying with tax laws. Online content creators, who earn income through various… Read More »