Income Tax Audit Service in Ahmedabad? Accountum India provides professional Income Tax Audit services through experienced Chartered Accountants to ensure complete compliance with the provisions of the Income-tax Act, 1961.
As per Section 44AB of the Income-tax Act, a Tax Audit is mandatory for businesses whose annual turnover exceeds ₹1 Crore during the financial year (subject to applicable conditions). For professionals, tax audit is required when gross receipts exceed the prescribed limit under the Act.
Tax audit is also applicable in cases where taxpayers opt for presumptive taxation under Section 44AD or Section 44ADA but declare profits lower than the prescribed percentage of turnover or gross receipts. The audit must be conducted by a qualified Chartered Accountant and the audit report must be submitted to the Income Tax Department within the specified due date.
Tax Audit Service in Ahmedabad
A Tax Audit is conducted by a practicing Chartered Accountant to verify the books of accounts and ensure compliance with the provisions of the Income-tax Act, 1961. The purpose of a tax audit is to confirm that the financial records maintained by the taxpayer are accurate and that all applicable income tax provisions are properly followed.
Accountum India provides reliable Income Tax Audit Services in Ahmedabad through qualified Chartered Accountants. Our team assists businesses and professionals in completing the compliance requirements under Section 44AB of the Income-tax Act, commonly known as Tax Audit. We ensure proper verification of financial records, preparation of audit reports, and timely submission of required forms to the Income Tax Department.
Income Tax Audit – Features & Criteria
Tax Audit is mandatory in the following situations:
Mandatory tax audit if business turnover exceeds ₹1 Crore (subject to applicable provisions).
For professionals, tax audit is required if gross receipts exceed ₹50 Lakhs.
Only a practicing Chartered Accountant can conduct a Tax Audit.
Audit is required if the declared profit is below 8% of turnover under presumptive taxation.
For professionals under presumptive taxation, audit is required if profit is below 50% of gross receipts.
Tax Audit Report must be filed in Form 3CA / 3CB and Form 3CD.
Documents Required for Income Tax Audit
Basic KYC documents of the business or assessee
Bank account statements of all accounts
Books of accounts of the firm or company
Cash Book, Voucher Book, Sales and Purchase Registers
Expense records and Capital Account details
GST Returns, TDS Returns, and other compliance documents
Any additional supporting financial records
Income Tax Audit Consultant in Ahmedabad
Consultant Name: Accountum India
Serving Location: Ahmedabad, Gujarat and major cities across India
Address:
Shed No. 202, Raghuveer Industrial Estate Part 3,
Opp. Vatva Railway Station, Near Platinum Industrial Estate,
Vatva, Ahmedabad – 382445, Gujarat
Service: Income Tax Audit Consultant
Income Tax Audit Procedure (Step-by-Step)
Step 1
Submit Documents
Connect with us and share the required documents for the tax audit through physical submission, email, or WhatsApp.
Step 2
Verification of Records
Our Chartered Accountant reviews the books of accounts and documents. If any clarification is required, a query list will be provided to resolve discrepancies.
Step 3
Preparation of Tax Audit Report
After verification, the Chartered Accountant prepares the tax audit report in the prescribed forms.
Step 4
Filing of Audit Report
The final audit report is uploaded on the Income Tax portal, and a copy of the filed report along with relevant notes is provided to the client.