Tax Audit Amendments For Ay 2024-25 Icai. The icai, in the guidance note on tax audit, provides that if an assessee is carrying on a business and a profession, then a tax audit is required if turnover/receipts from either. Icai has released revised guidance note (2023 edition) on tax audit under section 44ab of the income tax act, 1961, incorporating amendments by finance act, 2023.

The icai, in the guidance note on tax audit, provides that if an assessee is carrying on a business and a profession, then a tax audit is required if turnover/receipts from either. Learn about updates, compliance requirements,.