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What is Income Tax Audit Tax Audit Services is a fundamental term for business in India. A tax audit is a process to check whether a business obeys the rules set by the Income Tax Act of India. Thus Tax Audit services are considered to be vital for every business. In this article, the point of discussion will be on Tax Audit Services Online in India . What is section 44AAB of income tax Act? The first thing that we need to know regarding tax audits is what is a tax audit? Inspection of the accounts of a company by a professional chartered accountant is known as Tax Audit. Section 44AB of Income Tax Act , mentions the regulations for the Tax audit of a company or a firm. This section was added in order to make sure that a business is conducted by providing precise information about his taxes, deductions and income. Tax Audit Applicability Tax audit applicability depends on two cases, For professions If the gross income is more than Rs 50 lakhs in a financial year. The prof