Recent Developments In Tax Audit In The Era Of Technological Developments And Digitalisation.

Tax Audit is a process of checking the correctness of accounting records from Income Tax Law view point for business and profession. The objective of the tax audit is to ensure the accuracy of the accounting records of tax payer and due tax payable. In India legally, only practicing Chartered Accountants can conduct the tax audit. Chartered Accountant conducting the tax audit are called as Tax Auditors. The proposed research paper is about the technological developments taken place in tax audit in the recent period in India. The objective of the study is to give an overview of developments in tax audit in the period of digitalisation and technological developments. The paper will give useful guidelines to tax payer and tax auditor for facing the present challenges of tax audit. The proposed study is based on secondary data. This paper will provide valuable information to tax auditors, businessman and professional tax payers. [ABSTRACT FROM AUTHOR]