Tax Audits

Tax Audits

Tax Audit under Section 44AB of the Income Tax Act

We provide professional Tax Audit services for individuals, partnerships, LLPs, and companies required to comply with Section 44AB of the Income Tax Act, 1961. Our tax audits are conducted with a strong focus on accuracy, statutory compliance, and minimizing tax-related risks. In addition to ensuring compliance, our audit process also provides valuable financial insights that help businesses improve their financial reporting and tax planning strategies.

Our Tax Audit Services Include:

• Conducting tax audits as required under Section 44AB of the Income Tax Act
• Preparation and e-filing of Form 3CA / 3CB along with Form 3CD
• Verification of books of accounts, ledgers, and supporting financial records
• Review of compliance with TDS, GST, and other direct tax provisions
• Evaluation of allowable deductions and identification of disallowances
• Reporting of loans, advances, depreciation, and related-party transactions
• Identification of potential tax savings opportunities and risk areas

Who Needs a Tax Audit?

A tax audit becomes mandatory under certain conditions as prescribed under Section 44AB of the Income Tax Act:

• Businesses with annual turnover exceeding ₹1 crore
• Professionals with gross receipts exceeding ₹50 lakhs
• Taxpayers opting out of the presumptive taxation scheme under specified conditions
• Other cases covered under Section 44AB clauses (a) to (e)