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Tax Audit under Section 44AB

Is your business turnover above the prescribed limit? A tax audit by a qualified CA is mandatory. Acculex provides thorough, timely, and compliant tax audit services across India.

Overview

What is a Tax Audit?

A Tax Audit under Section 44AB of the Income Tax Act requires certain taxpayers to get their accounts audited by a Chartered Accountant and submit an audit report (Form 3CA/3CB and Form 3CD).

The primary objective of a tax audit is to ensure correctness of books of accounts and compliance with the provisions of the Income Tax Act. The audit report must be uploaded on the Income Tax portal before the due date.

Who Needs a Tax Audit?

Business with turnover exceeding ₹1 crore (₹10 crore if cash transactions ≤5%)

Professionals (doctors, lawyers, CAs, etc.) with gross receipts exceeding ₹50 lakh

Businesses/professionals declaring income below the presumptive rate and whose income exceeds the basic exemption limit

Businesses opting out of presumptive taxation under Section 44AD

Key Forms in Tax Audit

Form 3CA

Used when accounts are already audited under any other law (e.g., Companies Act).

Form 3CB

Used when accounts are not required to be audited under any other law.

Form 3CD

Detailed statement of particulars required to be furnished along with audit report.

⏰ Due Date:

30th September of the assessment year (or as extended by CBDT).

Process

How It Works

Simple, transparent, and fully online — we make compliance easy.

1

Initial Consultation

Share your books of accounts, financials, and business details with our CA team.

2

Document Verification

Our CA verifies all books, ledgers, bank statements, and relevant financial records.

3

Audit Execution

Thorough examination of accounts to ensure accuracy and compliance with the Income Tax Act.

4

Form 3CA/3CB & 3CD Preparation

Preparation of audit report with all required particulars and disclosures.

5

Client Review & Approval

You review the audit report for accuracy before final submission.

6

Upload on IT Portal

Audit report is digitally signed and uploaded on the Income Tax e-filing portal.

FAQ

Frequently Asked Questions

Everything you need to know before getting started.

What is the penalty for not getting a tax audit done?
Penalty under Section 271B is 0.5% of total sales/turnover or ₹1,50,000, whichever is lower, if the audit is not completed before the due date.
Can the same CA who maintains accounts do the audit?
Yes, a CA who maintains the accounts of a person can also conduct the tax audit. However, a CA cannot audit more than 60 tax audit cases per year.
What documents are required for tax audit?
Books of accounts, bank statements, invoices, ledgers, depreciation schedule, loan details, and previous year audit report (if any).
What is the turnover limit for presumptive taxation audit?
Under Section 44AD, if net profit is declared below 6%/8% of turnover and income exceeds the basic exemption limit, tax audit is mandatory.

Get Your Tax Audit Done by Expert CAs

Compliant, accurate, and on time. Avoid penalties — start your tax audit today.

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