Manage your tax audit requirements with professional assistance in financial record review, audit preparation and statutory tax compliance. We help businesses, professionals, companies and other eligible taxpayers organise their books of accounts, reconcile financial information and coordinate the applicable audit documentation and filing procedures under the Income-tax laws.
Review of turnover, professional receipts, cash transactions and presumptive taxation provisions to assess whether tax audit requirements apply.
Assistance with reviewing financial records, income, expenses, ledgers and supporting documents before the audit process.
Support with organising audit schedules, financial statements, tax particulars and reconciliations required for the applicable audit report.
Assistance with audit report coordination, electronic submission, taxpayer approval and understanding applicable post-filing requirements.
We provide assistance with tax audit assessment, financial record preparation, reconciliation, audit documentation and related compliance requirements for businesses, professionals and eligible taxpayers.
Assessment of business turnover, professional receipts, cash transaction limits and presumptive taxation conditions to determine whether tax audit is applicable.
Assistance with organising and reviewing books of accounts, sales, purchases, expense ledgers, bank records and other financial information required for audit preparation.
Documentation and coordination support for applicable tax audit reports under the Income-tax Act, 1961, including Form 3CA, Form 3CB and Form 3CD for relevant assessment years.
Assistance with audit documentation and information preparation under Form 26 prescribed for Tax Year 2026-27 onwards under the Income-tax Act, 2025.
Assistance with reconciling financial statements, books of accounts, tax deductions, GST records and other relevant financial information.
Coordination for electronic filing of the applicable audit report, taxpayer approval and follow-up on filing status or discrepancies.
Our package focuses on audit readiness, financial record organisation, reconciliation and filing coordination according to the agreed scope and applicable statutory requirements.
Assessment summary covering relevant turnover, receipts, presumptive taxation conditions and audit applicability requirements.
Assistance with organising financial statements, ledgers, supporting documents and relevant reconciliation information.
Preparation and coordination of relevant schedules, particulars and supporting information required by the appointed chartered accountant.
Assistance with tracking the audit report filing status, taxpayer approval and maintaining relevant submission records.
The tax audit process involves determining audit applicability, reviewing books of accounts, compiling supporting documents and coordinating with the appointed chartered accountant for the prescribed audit report and filing procedure.
Review the nature of business or profession, turnover, gross receipts, cash transactions and presumptive taxation details to assess the applicability of tax audit provisions.
Collect books of accounts, financial statements, bank records, invoices, expense details, GST records and other relevant supporting documents required for audit preparation.
Assist with reviewing financial information, reconciling sales, expenses, bank balances, tax credits and other relevant records. Identify missing information or discrepancies for clarification.
Organise applicable audit schedules, financial particulars and supporting records for review by the appointed chartered accountant under the relevant audit reporting framework.
Coordinate with the appointed chartered accountant for audit procedures, review of particulars, clarification of observations and preparation of the prescribed audit report.
Assist with electronic submission of the applicable audit report, taxpayer approval through the income-tax portal and maintaining the filing acknowledgement for future reference.
Tax audit requirements generally apply to specified businesses and professions based on turnover, gross receipts and certain presumptive taxation conditions. Applicability should be determined for each taxpayer according to the relevant tax year and statutory provisions.
Businesses with total sales, turnover or gross receipts exceeding the prescribed threshold are generally required to get their accounts audited, subject to applicable conditions and exceptions.
Eligible businesses may have an enhanced turnover threshold of Rs. 10 crore where both cash receipts and cash payments do not exceed 5% of the respective aggregate amounts.
Professionals whose gross receipts exceed the prescribed threshold of Rs. 50 lakh in the relevant year are generally subject to tax audit requirements, subject to applicable provisions.
Persons opting out of specified presumptive taxation schemes or declaring profits below prescribed amounts may become liable to audit depending on the applicable statutory conditions.
Important: Tax audit thresholds are generally Rs. 1 crore for business turnover, with an enhanced Rs. 10 crore threshold where both cash receipt and cash payment conditions are satisfied, and Rs. 50 lakh for professional gross receipts. Presumptive taxation provisions may create separate audit requirements. Tax audit is distinct from statutory audit under the Companies Act or other applicable laws. Final applicability depends on the relevant tax year and individual circumstances.
The documents required depend on the nature of business or profession, applicable audit provisions and the taxpayer's financial records. The following checklist covers commonly required information for audit preparation and review.
PAN details, taxpayer information and relevant identification records of the individual or business entity.
Certificate of incorporation, partnership deed, LLP agreement or other applicable business constitution records.
Previously filed income tax returns, tax computations and relevant assessment records, where available.
Earlier tax audit reports, statutory audit reports and other relevant audit documentation, if applicable.
GST registration particulars, filed returns and available turnover information for relevant reconciliation.
Business bank statements, account details and relevant banking records for the audit period.
Cash book, bank book, journal, ledger accounts and other accounting records maintained for the relevant period.
Financial statements showing assets, liabilities, income, expenditure and business financial position.
Sales bills, purchase invoices, debit notes, credit notes and other transaction supporting documents.
Expense vouchers, payment proofs, vendor details and supporting documents for business expenditure.
Opening stock, purchases, closing stock, inventory valuation and relevant stock movement details, where applicable.
Fixed asset register, purchase details, disposal records and depreciation workings for the audit period.
TDS and TCS returns, challan details, certificates and relevant tax deduction or collection records.
Loan confirmations, interest certificates, repayment schedules and relevant financing records.
Details of related party transactions, agreements, payments and supporting documentation, where applicable.
Presumptive income workings, turnover details, cash transaction records and other information relevant to audit applicability.
Find answers to common questions about tax audit applicability, turnover limits, audit reports, required documents, filing procedures and related compliance requirements.
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