Tax audit service in India
A Tax Audit is a crucial process that ensures your business complies with the Income Tax Act of India (Section 44AB). Our Tax Audit Services in India are designed to help businesses, professionals, and organizations maintain transparency, accuracy, and legal compliance in their financial reporting. Conducted by experienced Chartered Accountants (CAs), our audit services focus on verifying your books of accounts, identifying discrepancies, and preparing detailed audit reports as per statutory requirements. Whether you are a small business or a large enterprise, we provide end-to-end tax audit support — from documentation to filing — ensuring complete peace of mind and timely compliance.
Get Expert Help with Your Tax Audit
Why Tax Audit Is Important for Your Business
A Tax Audit is more than just a statutory requirement — it is an essential process that helps maintain financial accuracy, transparency, and legal compliance for your business. Conducting a tax audit ensures that your books of accounts are properly maintained and that all financial transactions are recorded in accordance with the Income Tax Act, 1961. It helps identify errors, prevent tax evasion, and minimize the risk of penalties or scrutiny from the Income Tax Department.
Beyond compliance, a well-conducted tax audit also offers valuable financial insights that can help improve operational efficiency, cash flow management, and decision-making. For businesses aiming to build credibility with banks, investors, or stakeholders, a clean and accurate tax audit report enhances trust and financial reputation. In short, timely tax audits not only keep your business legally compliant but also contribute to its long-term financial health and growth.
Who Needs a Tax Audit Under Section 44AB
Under Section 44AB of the Income Tax Act, 1961, certain businesses and professionals in India are mandated to undergo a tax audit to ensure their financial records are accurate and compliant with the law. A tax audit is required when a business’s total sales, turnover, or gross receipts exceed ₹1 crore in a financial year (increased to ₹10 crore if cash transactions are limited to 5% or less of total receipts and payments).
For professionals, such as doctors, lawyers, architects, consultants, or accountants, a tax audit becomes applicable if their gross receipts exceed ₹50 lakh in a financial year. Additionally, taxpayers who opt for the presumptive taxation scheme under Section 44AD, 44ADA, or 44AE but declare income lower than the prescribed percentage and exceed the basic exemption limit also need to get their accounts audited.
In simple terms, if your business or profession crosses the defined turnover limits or you choose not to follow the presumptive income scheme, you are required by law to conduct a tax audit and file the audit report (Form 3CA/3CB & 3CD) through a qualified Chartered Accountant (CA).
Our Tax Audit Services in India
At ITR Adda, we provide comprehensive Tax Audit Services in India designed to help businesses and professionals stay fully compliant with the Income Tax Act, 1961. Our team of experienced Chartered Accountants (CAs) conducts thorough audits to ensure that your books of accounts, financial statements, and supporting documents meet all statutory requirements under Section 44AB.
We offer end-to-end tax audit solutions, including verification of income and expenses, assessment of compliance with tax laws, preparation of audit reports in Form 3CA/3CB and 3CD, and timely submission to the Income Tax Department. Whether you’re a small business, partnership firm, company, or professional, our experts provide personalized audit services tailored to your nature of business and industry type.
Our goal is to make the tax audit process smooth, accurate, and hassle-free by leveraging advanced accounting tools, transparent communication, and deep tax knowledge. With our reliable support, you can focus on running your business while we take care of your tax audit, reporting, and compliance with precision and confidentiality.
Documents Required for a Tax Audit
- Business Registration Proof, and Owner PAN Card, Aadhar Card
- Bank Statements
- Sales Records
- Purchase Records
- Expenses/Bill/Invoices
- Voucher/Register/Stock Register
- Books of Accounts
- GST Return, TDS Returns
- Cash Book
- Other Financial Records Details, Assets and Investments List
- Any Other Documents as and when ask by CA
How Much Does a CA Charge for Tax Audit?
Starting Fees: ₹10,000/- (may vary by transaction volume)
Depends On: Turnover, number of transactions, and business type
Includes: Audit report (Form 3CA/3CB & 3CD), books verification, GST & TDS review
Extra Charges: For reconciliation or report re-filing (if needed)
Customized Pricing: Based on business size and complexity
Compliant With: Section 44AB of the Income Tax Act, 1961
Process We Follow for Tax Audit
Initial Consultation & Data Collection
We begin by understanding your business operations and collecting essential financial documents, such as books of accounts, invoices, and bank statements.Preliminary Review & Analysis
Our CA team reviews your financial data to identify discrepancies, compliance gaps, and areas requiring clarification.Verification of Books & Records
Detailed checking of sales, purchases, expenses, assets, and liabilities to ensure accuracy and compliance with the Income Tax Act, 1961.Preparation of Audit Report
We prepare the Tax Audit Report in the prescribed formats — Form 3CA/3CB and Form 3CD, covering all mandatory audit details.Client Review & Approval
The draft report is shared with you for verification and confirmation before final submission.Final Filing & Submission
Once approved, we file the Tax Audit Report online with the Income Tax Department within the due date.Post-Audit Support
We provide guidance on any follow-up actions, clarifications, or queries raised by the tax authorities
Turnover Limits for Tax Audit Applicability
Under Section 44AB of the Income Tax Act, 1961, a Tax Audit becomes mandatory when a business’s total sales, turnover, or gross receipts exceed certain limits during a financial year.
For businesses, a tax audit is required if the turnover exceeds ₹1 crore.
The limit increases to ₹10 crore if cash transactions (both receipts and payments) are 5% or less of the total transactions.
For professionals, such as doctors, lawyers, or consultants, the audit is applicable if gross receipts exceed ₹50 lakh in a financial year.
Taxpayers opting for the presumptive taxation scheme (Sections 44AD, 44ADA, or 44AE) must undergo an audit if their declared income is lower than the presumptive rate and exceeds the basic exemption limit.
In short, tax audit applicability depends on turnover, cash transaction ratio, and declared income, ensuring transparency and compliance with tax laws.
Essential Guidelines for Tax Audit Compliance in India
Maintain Proper Books of Accounts – Keep accurate and updated financial records throughout the year.
Preserve Supporting Documents – Store all invoices, bills, vouchers, and receipts securely.
Verify Turnover Limits – Check if your business crosses the audit threshold under Section 44AB.
File GST & TDS Returns on Time – Ensure timely filing to avoid discrepancies.
Reconcile Financial Statements – Match books with bank statements and returns before audit.
Prepare Audit Report – Get Form 3CA/3CB and 3CD prepared by a qualified Chartered Accountant (CA).
Meet Due Dates – File the audit report before the due date set by the Income Tax Department.
Ensure Accuracy & Transparency – Verify figures and avoid misreporting.
Coordinate with Your CA – Share documents and clarifications promptly for smooth processing.
Conduct Internal Reviews – Regular internal checks help ensure ongoing compliance and readiness for audit.
Tax Audit Consultant Near You
Looking for a reliable Tax Audit Consultant near you? Our team of experienced Chartered Accountants (CAs) provides professional tax audit and compliance services to businesses, professionals, and firms across India. We assist in verifying financial records, preparing Form 3CA/3CB & 3CD, and ensuring full compliance with Section 44AB of the Income Tax Act, 1961.
Whether you run a small business, startup, or large enterprise, our tax audit consultants offer personalized solutions tailored to your business type and turnover. We ensure accuracy, confidentiality, and timely filing to help you avoid penalties and maintain smooth financial operations.
With online and offline consultation options available, you can easily connect with a trusted CA near you for hassle-free tax audit services — ensuring complete compliance and peace of mind.
