Tax Audits

Tax audits under Section 44AB of the Income Tax Act are mandatory for taxpayers whose turnover or gross receipts exceed prescribed thresholds. This audit requires a detailed examination of books of accounts, verification of income computation, and proper disclosure of specified information in prescribed formats. Our team carries out tax audits with accuracy and thoroughness, ensuring that all required clauses of Form 3CA/3CB and Form 3CD are addressed, income is correctly computed, and the audit report is submitted within the due date. We proactively identify issues that could attract scrutiny and ensure they are addressed before submission.

Key highlights:

• Tax audit under Section 44AB for businesses and professionals
• Preparation of Form 3CA/3CB and Form 3CD with all required disclosures
• Verification of books of accounts, depreciation, and disallowable expenses
• Reconciliation of tax audit figures with financial statements and income tax return
• Timely submission within statutory due dates