Audit Income Tax Act a clean tax audit, filed accurately Section 44AB.
Tax audit services the Income Tax Act in Mumbai and across India — audit Section 44AB for businesses and professionals crossing the turnover threshold, preparation of Form 3CA, 3CB, and 3CD, and accurate reporting of all tax audit particulars.
A tax audit the Income Tax Act is the examination of the accounts of a business or profession from an income tax perspective. It is governed primarily by Section 44AB, which requires specified taxpayers to get their accounts audited by a Chartered Accountant and to furnish the audit report in the prescribed forms. The tax audit helps ensure that the income, deductions, and other particulars reported for tax purposes are accurate and properly supported.
The obligation to go a tax audit generally arises when the turnover of a business or the gross receipts of a profession cross the thresholds specified Section 44AB, and in certain other situations such as where a taxpayer covered by the presumptive taxation scheme declares income lower than the presumptive rate. The audit report is furnished in Form 3CA or Form 3CB, along with the detailed statement of particulars in Form 3CD.
Our tax audit practice handles the complete Section 44AB process — confirming whether a tax audit applies, examining the books of accounts, verifying the particulars required Form 3CD, identifying issues that affect taxable income, preparing the tax audit report, and filing it electronically within the due date. We deliver a thorough, accurate tax audit that supports a clean income tax return and reduces the risk of scrutiny and disallowances.
Our Income Tax Audit Services
Section 44AB Applicability
Assessment of whether a tax audit is applicable based on turnover, receipts, and other criteria.
Business Tax Audit
Tax audit of proprietorships, partnerships, LLPs, and companies carrying on business.
Professional Tax Audit
Tax audit of professionals whose gross receipts cross the prescribed threshold.
Presumptive Scheme Audit
Tax audit where a taxpayer the presumptive scheme declares lower income.
Form 3CA / 3CB Preparation
Preparation of the tax audit report in Form 3CA or Form 3CB as applicable.
Form 3CD Particulars
Accurate preparation of the detailed statement of particulars in Form 3CD.
Books & Records Examination
Examination of books of accounts and verification of income tax particulars.
E-Filing of Audit Report
Electronic filing of the tax audit report within the prescribed due date.
Our Income Tax Audit Workflow
Applicability Check
Assessment of whether a tax audit Section 44AB applies to the taxpayer.
Books Examination
Examination of books of accounts, vouchers, and supporting records.
Particulars Verification
Verification of the particulars required to be reported in Form 3CD.
Report Preparation
Preparation of the tax audit report in Form 3CA or 3CB with Form 3CD.
E-Filing & Acknowledgement
Electronic filing of the tax audit report and handover of the acknowledgement.
Benefits of a Proper Income Tax Audit
Frequently Asked Questions
A tax audit is the examination of the accounts of a business or profession from an income tax perspective, carried out by a Chartered Accountant Section 44AB of the Income Tax Act. The auditor reports the prescribed particulars in Form 3CA or 3CB along with Form 3CD.
A tax audit is generally required where the turnover of a business or the gross receipts of a profession cross the thresholds specified Section 44AB, and in certain other cases such as where a taxpayer the presumptive taxation scheme declares income lower than the presumptive rate.
Form 3CA is the tax audit report used where the accounts are already audited another law, Form 3CB is used where they are not, and Form 3CD is the detailed statement of particulars that accompanies either report and contains the specified tax audit disclosures.
A tax audit the Income Tax Act focuses on verifying particulars relevant for income tax, while a statutory audit the Companies Act examines whether the financial statements give a true and fair view. A company may be required to go both.
Failure to get the accounts audited or to furnish the tax audit report by the due date can attract a penalty the Income Tax Act, calculated as a percentage of turnover or gross receipts up to a specified maximum, unless there is reasonable cause for the failure.
Get Your Tax Audit Done Right
Talk to our team for an accurate, thorough tax audit Section 44AB of the Income Tax Act, filed within the due date.
Get Income Tax Audit Support or call +91 9819 000 511