Tax Audit
Tax Audit is a statutory audit conducted under Section 44AB of the Income Tax Act, 1961 to verify the accuracy of a taxpayer's books of accounts and ensure compliance with income tax provisions. A Tax Audit helps businesses maintain proper financial records, report accurate income, claim eligible deductions, and comply with tax laws while minimizing the risk of penalties and notices from the Income Tax Department.
At IndianSalahkar, we provide end-to-end Tax Audit services across India. Our experienced Chartered Accountants assist with the examination of books of accounts, preparation and filing of the Tax Audit Report, compliance with applicable tax provisions, and timely submission of audit reports. We ensure a smooth, transparent, and hassle-free tax audit process for businesses and professionals.
Who Needs Tax Audit Services?
Tax Audit Services are ideal for:
- Proprietorship Firms
- Partnership Firms
- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
- Manufacturers
- Traders
- Service Providers
Time Required
The Tax Audit process is generally completed within 7 to 15 working days, depending on:
Build Your Business with Confidence
Get your Tax Audit conducted by IndianSalahkar and ensure complete compliance with the Income Tax Act. Our experts conduct a thorough review of your financial records, prepare the Tax Audit Report, and help you meet all statutory requirements within the prescribed timelines. From audit planning to final filing, we provide comprehensive support so you can focus on running your business with confidence.
Book your Tax Audit with IndianSalahkar today and ensure accurate reporting, complete compliance, and hassle-free tax audit services.
Documents required
- Purchase & sale bills.
- Bank statement.
- Fixed assets register.
- Last audited balance sheet & p&l.
- Expenditure bill.
How we get it done
- Choose a servicePick what you need or ask us to suggest the right structure.
- Share your detailsFill the enquiry form or message us on WhatsApp.
- Expert call-backOur executive calls you to confirm scope and fees.
- Send documentsShare the checklist documents online — no office visit needed.
- Get it doneWe file, follow up and deliver your certificate.
Frequently asked questions
Who is liable to tax audit?
An assesse is liable to get his Tax Audit done by a chartered accountant mandatorily, if in the previous year, the person is carrying on business and his total sales/turnover exceeds Rs. 1 crore .
What happens if tax audit is not done?
If any taxpayer who is required to get tax audit done but fails to do so, lower of 0.5% of total sales, turnover or gross receipts or Rs 1,50,000 may be levied as penalty.
Is tax audit compulsory for companies?
Proprietorship firms are taxed as individuals under Income Taxact. Hence, in case of a proprietor running a business, taxaudit is mandatory, if sales turnover exceeds Rs.1 crores. If an individual is carrying on a profession with a gross receipts of more than Rs.50 lakhs, then tax audit is mandatory
What does it mean to be audited?
A tax audit is an accounting procedure where the IRS examines your individual or business financial records to ensure you filed your tax return accurately.
What is the purpose of a tax audit?
A tax audit is an examination of your tax return by the IRS to verify that your income and deductions are accurate. A tax audit is when the IRS decides to examine your tax return a little more closely and verify that your income and deductions are accurate
Start your Tax Audit today
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