The income Tax Department has sent Mr. X double refund of advance tax. The Government Auditor detected this while conducting _________.
A
audit of expenditure
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B
performance audit
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C
audit of stores and stock
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D
audit of receipts
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Solution
The correct option is D audit of receipts Audit of receipts includes direct and indirect taxes which comprises of tax receipts, recoveries and refunds.
Thus, in the given question, the amount refers to the refund of advance tax, it will fall under audit of receipts for Comptroller and auditor general/ government auditor.