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Income Tax Audit

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Just fill the form and our CA's will contact you regarding the Income Tax Audit.

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Required Documents for Income Tax Audit

  • Basic KYC Documents of Company/Auditee

  • All Bank Account Statments

  • Accounting Records of Firm/Company

  • Cash Book, Voucher Book, Sales/Purchase Book

  • Expense Book, Declarations, Capital Accounts

  • GST Returns, TDS Returns, other compliance evidances

    • Income Tax Audit Procedure (Step to Step Audit Process)

    Step-1 : Send us documents

    Firstly, Connect with us and send us required document on Physical, whatsapp or email.


    Step-2 : Checking

    On Receiving Documents Chartered Accountant Performing Audit procedure. will issue query list, which required to resolve by company.


    Step-3 : Tax Audit Report

    On Completion of Successful Tax Audit, Auditor will file/Upload the Income Tax Audit report to the government web site.


    Step-4 : Report Upload

    On Completion of Filing CA will Generate Audit Report with ITR and Other Notes to client.

  • Mandatory Tax Audit if Turnover is above 1 Crore

  • For Professional Rs. 50 Lacs is Limit for Tax Audit

  • Only Chartered Accountant in practice can do Audit

  • Audit required if Declared profit is below 8% if Turnover

  • Compulsory Audit if Professionals Declared Profit below 50%

  • Tax Audit Report Need to be furnish in form 3CA / 3CB & 3CD

    • After an income tax audit, the tax authorities will issue an audit report summarizing their findings and any adjustments or penalties assessed. The taxpayer can accept the report and pay any additional taxes, interest, or penalties owed, or they can contest the report through an appeals process.

    What is Tax Audit Service?

    Income Tax Audit Service is carried by practising (CA) Chartered Accountant registered with Income Tax Department as a ARCA. Tax Audit is a verification and compliance process where Tax Auditor check and Verify books of accounts as per the Accountant Standards as well as Compliance verification as per The Income Tax Act 1962. Legal ADDA have more than 100 Chartered Accountant who assist our client in completing the compliance of section 44AB of The Income Tax Act, Commonly known as Tax Audit.


    Frequently Asked Questions

    Here are some frequently asked questions regarding Income Tax Audit...

  • The tax audit limit for Businesses is Rs. 1 crore.

  • The tax audit limit for profession is Rs. 50 lakhs.

    • The maximum number of tax audits that can be performed by a Chartered Accountant (CA) is limited to 60. In case of a firm the restriction on tax audit limit applies to each of the partners.

    The primary aim of Tax Audit is to ensure that the books of Accounts have been maintained as per the provisions of the Income Tax Act. Tax Audit also assures that the Accounts are properly presented to the Assessing Officers.

    If there is any error in the books of accounts, generally it gets corrected by the CA. In case there is any mistake then penalty will be charged which may lead to paying of more tax amount.

    While auditing if you do not have any receipt, the auditor may accept any other documentation and in case you fail to present the same the auditor will not accept the entry in the books of accounts.

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