What We Provide:
Audit of Financial Records – Examination of books of accounts to ensure accuracy.
Regulatory Compliance – Ensuring adherence to Income Tax Act and other tax laws.
Tax Computation & Reporting – Proper assessment of tax liabilities and deductions.
Form 3CA/3CB & 3CD Filing – Preparation and submission of mandatory tax audit reports.
Tax Planning & Advisory – Expert guidance to minimize tax risks and ensure compliance.
Key Features Of Income Tax Audit –
Mandatory for Certain Businesses – Required for businesses exceeding specified turnover limits.
Verification of Financial Records – Ensures accuracy and transparency in financial statements.
Compliance with Tax Laws – Confirms adherence to the Income Tax Act provisions.
Filing of Tax Audit Report – Submission of Form 3CA/3CB and 3CD with detailed financial data.
Detection of Tax Evasion – Helps in identifying discrepancies and avoiding penalties.
Documents Required
In case of Salaried Employee
Form 16 – Issued by the employer for salary details and TDS.
PAN Card – Mandatory for tax filing.
Bank Statements – To verify income and deductions.
Investment Proofs – Documents for deductions under 80C, 80D, etc. (LIC, PPF, FD, etc.).
Rent Receipts – If claiming HRA (House Rent Allowance).
In other cases
PAN Card of Business/Owner – Identification proof.
GST Registration Certificate – If applicable.
Books of Accounts – Ledger, profit & loss statement, balance sheet.
Bank Statements – For verification of financial transactions.
Invoices & Expense Records – Sales and purchase invoices, utility bills, and other expenses.
TDS Certificates – Form 16A/16B/16C for tax deducted at source.
Previous Tax Audit Reports – If applicable.