The Audit Coverage Ratio up to this point has been a meager 1.2% of all registered tax payers. The issue of this Circular,Se-19/PJ./2006is set to see this number increase to 5%, which in effect means an increase in the number of tax payers subject to audit increase from just over 70,000 to a number closer to 180,000 per year.
Audit Coverage Ratio and Performance - Increases Mandated
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