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For businesses, an audit is generally required when turnover exceeds ₹1 crore in a financial year.
Form 16 only records your salary details and any tax deducted at source by your employer.
One of the biggest changes is the expansion of eligibility for ITR-1 and ITR-4.
EPFO has advised members to plan their transactions in advance to avoid delays.
The verification process links an LPG connection with Aadhaar and can be completed online within minutes.