Details

A Tax Audit is mandatory for businesses that cross specified turnover thresholds under Section 44AB of the Income Tax Act, 1961. The audit ensures the correctness of financial records, compliance with tax regulations, and accurate reporting of taxable income.

We conduct tax audits with thorough scrutiny and compliance checks, ensuring robust reporting and seamless filing with the Income Tax Department.

Scope of Audit

• Verification of books of accounts

• Accuracy check of income & expense disclosures

• TDS / TCS compliance review

• GST & Income tax reconciliations

• Reporting in Form 3CD with detailed observations

Who Needs Tax Audit

• Businesses & professionals exceeding turnover limits

• Entities availing presumptive taxation scheme deviations

• Certain cases involving loss returns or foreign transactions

Documents / Inputs Required

• Books of accounts & financial statements

• Tax details & TDS records

• GST data for reconciliation

• Previous audit reports (if any)

Deliverables

• Tax Audit Report & Form 3CD filing

• Detailed compliance recommendations

• Advisory on tax efficiency and error rectification