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What records and documents are typically examined during a tax audit?
What records and documents are typically examined during a tax audit?
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During a tax audit, the auditor examines various records and documents, including:
Financial statements (balance sheet, profit and loss account)
Books of account (ledger, journal, cash book)
Bank statements and reconciliations
Sales and purchase invoices
Expense receipts and vouchers
Details of loans and advances
Tax deducted at source (TDS) records
Stock records and valuation
Any other relevant documents affecting income and expenses.