Tax Audit Amendments For Ay 2024-25 202425 Tax Audit. Understanding the audit requirements under the indian income tax act is vital for compliance and efficient financial management. This publication is a quick reference guide outlining malaysian tax information which is based on taxation laws and current practices.

In 2023, amendments were made to section 115bac which made the new tax regime the default option for individuals, hufs, aops, bois, and ajps. Tax professionals and auditors should familiarize themselves with these.