answersLogoWhite

0

What are the types of tax audit?

User Avatar

Anonymous

12y ago
Updated: 8/20/2019

from my view and what i learned, there is only two types of tax audit that includs

(a) desk tax audit

(b) field tax audit

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

The types of Cost Audit?

types of audit approach


Sample of Tax Audit Report and how to write?

A tax audit report summarizes the results of an IRS tax audit. In order to writer an audit, you must thoroughly analyze an individual's tax records and write our their findings and suggested actions.


Tax Audit Services?

There are many laws drafted in India that govern different kinds of audits like an income tax audit, cost audit, stock audit, company, or statutory audit as per the Companies Act, 2013. Income tax audit evaluates whether an individual or company has filed tax returns of the assessment year appropriately. Section 44AB of the Income Tax Act of 1961 lays down the provisions for an income tax audit.


Types of operational audit?

types of operational audit?


Is tax audit a statutory audit?

no because tax audit is perform to fair tax calculation and payment purpose.and statutary audit is perform as per company act.it is mandatory but above the prescribe limit satish pathak


What is an audit. Types of audit?

TOBBACCO


How can I avoid a tax audit?

The simplest thing to do to avoid a tax audit is to hire a tax professional. H&R Block is a great company to use.


Where can I get help for an IRS tax audit?

For an IRS tax audit, you should speak with a qualified accountant and a qualified attorney. These professionals can best guide you through the process of an audit.


What is different between tax audit and financial audit?

A tax audit focuses specifically on an individual's or organization's tax returns and financial records to ensure compliance with tax laws and regulations. In contrast, a financial audit examines the overall financial statements of an entity, assessing their accuracy, completeness, and adherence to generally accepted accounting principles (GAAP). While tax audits are conducted by tax authorities, financial audits are typically performed by independent auditors. The primary goal of a tax audit is to verify tax liabilities, whereas a financial audit aims to provide assurance on the financial health of the entity.


What is the difference between tax audit and statutory audit?

Audit under any statute in a Country(State) is called statutory audit & Audit under any taxation law is called tax audit. For example books of accounts are audited under the Companies Act, 1956 (Statutory Audit) and Financial Statements of companies are prepared as per the provisions of this Act. Books are also audited under the Income Tax Act, 1961 and the income arrived at as per the provisions of this Act is taxed (Tax Audit).


What is a examination of a tax return?

an audit


What happens when a person receives a tax audit notice from the IRS?

One receives an IRS tax audit notice when they believe one has filled out their tax audit incorrectly. One must gather all tax related documents, determine why they are being audited and if needed contact a tax lawyer.