Tax Audit Services (Section 44AB)

Professional tax audit services under Section 44AB of Income Tax Act, 1961. Our qualified auditors ensure compliance, prepare Form 3CA/3CB & 3CD, and help avoid penalties for eligible businesses and professionals.

What is Tax Audit (Section 44AB)?

Tax audit under Section 44AB is a mandatory audit requirement for businesses and professionals whose turnover/gross receipts exceed specified limits. It involves examination of books of accounts by a Chartered Accountant and submission of audit report in prescribed forms.

Applicability Criteria

  • Business: Turnover exceeds ₹1 crore
  • Profession: Gross receipts exceed ₹50 lakhs
  • Presumptive taxation opt-outs
  • Due date: September 30 annually

Who Needs Tax Audit?

  • Proprietorship & Partnership Firms
  • LLPs & Private Limited Companies
  • Professionals (CAs, Lawyers, Doctors)
  • Individuals & HUFs in business

Why Professional Tax Audit?

Expert tax audit ensures compliance, prevents penalties, and provides accurate financial reporting

Tax Audit Compliance

Mandatory audit under Section 44AB of Income Tax Act, 1961

Form 3CA/3CB & 3CD

Preparation and filing of tax audit forms as per requirements

Financial Verification

Verification of books of accounts and financial transactions

Compliance Assurance

Ensure adherence to Income Tax provisions and regulations

Benefits of Professional Tax Audit

Ensure compliance and avoid penalties with expert tax audit services

1

Legal Compliance

Mandatory requirement under Income Tax Act

2

Avoid Penalties

Prevent penalties of 0.5% of turnover for non-compliance

3

Accurate Reporting

Ensure accurate reporting of income and deductions

4

Tax Optimization

Legitimate tax planning within audit framework

5

Dispute Prevention

Reduce chances of income tax notices and disputes

6

Financial Discipline

Maintain proper books of accounts and records

As your tax auditor, I ensure compliance with Section 44AB requirements, prepare accurate Form 3CA/3CB & 3CD, and help avoid penalties of 0.5% of turnover (minimum ₹1,50,000). Non-compliance can lead to disallowance of expenses and higher tax liability.

Tax Audit Requirements & Forms

Turnover > ₹1 crore in business
Gross receipts > ₹50 lakhs in profession
Due date: September 30
Form 3CA for audited entities
Form 3CB for non-audited entities
Form 3CD with detailed particulars
Presumptive taxation opt-outs
Digital signature of auditor

Auditors Note: Form 3CA is for taxpayers already subject to statutory audit, Form 3CB is for others. Form 3CD contains 44 clauses covering all financial particulars. The audit report must be digitally signed by a Chartered Accountant.

Book Free Tax Audit Consultation

Get expert guidance on Section 44AB requirements from our auditors

Tax Audit Services

Comprehensive Section 44AB compliance

Tax Audit for Businesses

Audit for businesses with turnover exceeding ₹1 crore

Tax Audit for Professionals

Audit for professionals with gross receipts over ₹50 lakhs

Form 3CA/3CB & 3CD

Preparation and filing of tax audit reports

Compliance Advisory

Guidance on tax audit requirements and procedures

Required Documents

Prepare these for tax audit

Books of Accounts & Ledgers
Bank Statements & Reconciliation
Sales & Purchase Invoices
Stock Register & Valuation
Tax Deducted at Source (TDS)
Capital Expenditure Details
Loan & Borrowing Documents
Previous Year Audit Reports

Forms & Deadlines

Key forms and important dates

1

Form 3CA

For taxpayers with statutory audit

2

Form 3CB

For taxpayers without statutory audit

3

Form 3CD

Statement of particulars (44 clauses)

4

Due Date

September 30 (Extended if applicable)