Tax Audit is applicable u/s 44AB to individual taxpayers in case of income from Business/Profession. It is the examination and review of the books of accounts of a taxpayer having income from business or profession.
Steps to opt-out for Tax Audit
- Navigate to Review > Tax Audit
- On this page, you will see an Audit Recommendation based on the criteria set by the Income Tax Department. The methodology of the recommendation is also visualized below.
- To opt for Tax Audit, click on the banner at the top saying, "Are you getting your book audit?" and select No