Audit Query

This discussion addresses whether a TDS audit is necessary during a tax audit, particularly if no TDS is reflected in Form 26AS. The consensus is that TDS verification is an integral part of a tax audit. This involves checking if the firm's TDS has been correctly deducted by paying parties and, conversely, if the firm has properly deducted, deposited, and reported its own TDS liabilities on time. These findings must be disclosed in the tax audit report.