Audit 2025-25. The income tax act, 1961 allows two tax regimes to the. Taxpayers are required to maintain books of accounts and have them audited if their gross turnover or receipts during the previous year exceed the prescribed threshold limit.
The tax audit ensures that the taxpayer has provided complete. The central board of direct taxes (cbdt) has rolled out significant updates to the form 3cd, a crucial component of tax audits, for the assessment year (ay) 2025.