A tax audit is an investigation into the background of tax related transaction to ensure that these are properly calculated, paid and recorded. Because in today’s dynamic environment both business and individuals have to comply with numerous taxation and other laws so tax audit actually ensure that compliance to minimize tax risk.
FBR (Federal Board of Revenue) require every individual whose declared or assessed income is One Million Rupees or more to file Wealth Statement along with the Wealth Reconciliation statement. In addition, FBR may require any person to furnish Wealth Statement along with the Wealth Reconciliation statement.
If someone is required to furnish a wealth statement, BSNS Consulting provide wide range of taxation services including wealth statement preparation.
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