Professional Tax Audit Services under Section 44AB of the Income Tax Act
Ensure complete compliance with the Income Tax Act through expert Tax Audit services in Delhi. At TaxCrafted Solutions, our experienced Chartered Accountants help businesses and professionals conduct accurate tax audits, prepare audit reports, file Form 3CA/3CB & 3CD, and ensure timely compliance to avoid penalties and legal issues.
A Tax Audit is the examination of a taxpayer’s books of accounts by a Chartered Accountant under Section 44AB of the Income Tax Act, 1961. The objective of a tax audit is to verify the accuracy of financial records, ensure proper maintenance of books of accounts, and confirm compliance with the applicable income tax provisions.
Tax audits help identify accounting errors, improve financial transparency, and ensure accurate reporting of income, deductions, and tax liabilities. Businesses and professionals crossing the prescribed turnover or gross receipt limits are required to obtain a Tax Audit Report before filing their Income Tax Return (ITR).
At TaxCrafted Solutions, we provide comprehensive Tax Audit services, including financial statement verification, audit report preparation, tax compliance review, and timely filing of audit reports with the Income Tax Department.
Mandatory limits for businesses and professionals.
Everything you need to know about Tax Audit under Section 44AB.
A Tax Audit becomes mandatory when a business crosses the turnover limits prescribed under Section 44AB of the Income Tax Act. The applicable threshold depends on factors such as the nature of the business and the percentage of cash transactions. Our experts evaluate your business profile and determine whether a Tax Audit is required.
Yes. Professionals such as doctors, architects, lawyers, consultants, chartered accountants, engineers, and other specified professionals may be required to undergo a Tax Audit if their gross professional receipts exceed the prescribed limit under the Income Tax Act.
The Tax Audit Report must be filed electronically before the due date notified by the Income Tax Department for the relevant assessment year. Since due dates may change through government notifications, TaxCrafted Solutions ensures timely completion and filing of your audit report.
Failure to comply with Tax Audit provisions may attract penalties under the Income Tax Act. Besides financial penalties, non-compliance may also lead to notices, delayed return processing, and additional scrutiny from the Income Tax Department.
Taxpayers opting for the Presumptive Taxation Scheme under eligible sections may not require a Tax Audit if they satisfy the prescribed conditions. However, if income is declared below the specified presumptive limits or certain conditions are not met, a Tax Audit may become mandatory.
Depending on the nature of the taxpayer and audit requirements, Tax Audit Reports are filed using:
Our Chartered Accountants prepare, verify, digitally sign, and upload these forms on the Income Tax Portal.
The commonly required documents include:
Additional documents may be required depending on your business structure.
TaxCrafted Solutions provides end-to-end Tax Audit services through experienced Chartered Accountants. We ensure accurate financial verification, proper tax compliance, timely filing of audit reports, assistance with notices, and complete support throughout the audit process, helping businesses remain compliant and avoid unnecessary penalties.
Taxcrafted Solutions is a trusted tax consultant in Delhi. We offer GST, ITR, TDS, company registration & compliance services with expert CAs.
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