There are many advantages and disadvantages of tax audit.
Advantages:
Main benefit of tax audit is to help government to avoid tax theft by companies.
Tax audit ensures that total estimated tax is achieved by the tax department.
Disadvantages:
It incurs more cost and revenue to conduct.
Bring complications within management on power sharing.
Advantages:
Main benefit of tax audit is to help government to avoid tax theft by companies.
Tax audit ensures that total estimated tax is achieved by the tax department.
Disadvantages:
It incurs more cost and revenue to conduct.
Bring complications within management on power sharing.