Tax Audit

A Tax Audit is an examination of your tax return by Chartered Accountant to verify that income and deductions filed are accurate. The income tax law asks the taxpayers to get the audit of accounts of their business or profession done according to provision of income tax law. It is basically the examination of books of accounts and records to ensure that you are paying the appropriate taxes and also complying with the Income Tax Act. The provision for tax audit in India are secured under section 44 AB of the Income Tax Act 1961.

Objective of Tax Audit

  • Ensuring that books of accounts are in line with tax laws and accounting policies
  • Reporting under Form 3 CA / 3 CB / 3 CD
  • Ensuring that books of accounts shows correct income tax payer
  • Preparation of reports in standard way for tax authorities

Applicability of Tax Audit

  • An individual carrying on business and his/her total sales, turnover or gross receipts (as the case may be) for the financial year exceeds 1 crore.
  • A person carrying on profession and gross receipts in profession for the year exceed Rs 50 Lakhs

Due Date of Tax Audit

The due date of filing the tax audit report under section 44AB is 30th September of the assessment year i.e. for financial year 2016-17; tax audit report should be submitted by 30th September 2017.

What We Offer

Personal Consulting

From 3 CD

From 3 CB

CA Certification

Financial Statement

What We Offer

Personal Consulting

From 3 CD

From 3 CB

CA Certification

Financial Statement

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Mandatory For
Due Date
Statutory Compliances
Mode of Audit submission
Who can do Audit
Audit Section

Tax Audit

Turnover > Rs. 200 / 50 lac
30 Sept 2019
Yes
Online
CA
44 AB

GST Audit

Turnover > Rs. 200 Lac
31 Dec 2019
Yes
Online
CA/CMA
35(5)

Statutory Audit

For Companies
30 Sept 2019
Yes
Online
CA
Section 133

Trust Audit

For Trust
31 July 2019
Yes
Online & Offline
CA
Section11 & 12

Society Audit

For Society
31 July 2019
Yes
Online & Offline
CA & Other
Section 81

Compare Your Options

Tax Audit

Mandatory For
Due Date
Statutory Compliances
Mode of Audit submission
Who can do Audit
Audit Section
Turnover > Rs. 200 / 50 lac
30 Sept 2019
Yes
Online
CA
44 AB

GST Audit

Mandatory For
Due Date
Statutory Compliances
Mode of Audit submission
Who can do Audit
Audit Section
Turnover > Rs. 200 Lac
31 Dec 2019
Yes
Online
CA/CMA
35(5)

Statutory Audit

Mandatory For
Due Date
Statutory Compliances
Mode of Audit submission
Who can do Audit
Audit Section
For Companies
30 Sept 2019
Yes
Online
CA
Section 133

Trust Audit

Mandatory For
Due Date
Statutory Compliances
Mode of Audit submission
Who can do Audit
Audit Section
For Trust
31 July 2019
Yes
Online & Offline
CA
Section11 & 12

Society Audit

Mandatory For
Due Date
Statutory Compliances
Mode of Audit submission
Who can do Audit
Audit Section
For Society
31 July 2019
Yes
Online & Offline
CA & Other
Section 81

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