Tax Audit & Compliance
Comprehensive tax audit services under Section 44AB for businesses exceeding turnover thresholds
Overview
Tax audit under Section 44AB is mandatory for businesses with turnover exceeding ₹1 crore (₹10 crore with digital transactions) and professionals with gross receipts exceeding ₹50 lakhs. The audit report must be filed in Form 3CA/3CB and 3CD.
Our audit team conducts thorough tax audits covering all aspects of business income, expenses, compliance, and reporting. We ensure accurate reporting that withstands scrutiny while identifying tax-saving opportunities.
Key Benefits
Full Compliance
Avoid the 0.5% of turnover penalty for non-compliance with audit requirements
Error Detection
Identify and rectify errors before the department notices them
Quality Reporting
Professional Form 3CD preparation with proper disclosures
Tax Optimization
Audit process often reveals additional deduction opportunities
Our Process
Engagement & Planning
Scope definition, team assignment, and audit timeline
Document Collection
Request books of accounts, vouchers, statements, and records
Audit Execution
Detailed verification of accounts, compliance, and disclosures
Report Preparation
Draft audit report in Form 3CA/3CB and 3CD
Filing
Upload audit report on the Income Tax e-filing portal before deadline
Documents Required
- Books of accounts
- Bank statements
- Purchase and sales invoices
- Stock records
- Fixed asset register
- Previous year audit report
- GST returns
- TDS returns
Frequently Asked Questions
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