As per section 44AB of the Income Tax Act, a tax audit is applicable to a business or profession in certain specified situations. 


Under Tax Audit, a charted accountant ensures whether the books of accounts are correctly prepared and the taxable income is calculated as per the provisions of the Income Tax Act.

 


You will get an option of the tax audit recommendation only if it's applicable to you depending on your income situation.



Steps to opt-out/ opt-in for Tax Audit on glyde

  • Tap on the filing icon from the bottom nav → edit under preferences
     

  • On the next screen, you will see audit recommendation under section 44AB → tap on set preferences 

  • Here, you can opt-in for a tax audit by tapping on Yes or opt out by tapping on No → save

     

Note:
If you opt in for tax audit you will be required to submit auditor details and audit report details before clicking on SAVE button. Refer to What happens if I opt in for Tax Audit?

Here, you can read more about Tax Audit Report.