Income Tax Audit Services
- Covers Section 44AB Compliance – For businesses & professionals exceeding turnover thresholds.
- Conducted by Chartered Accountants – Audits handled by qualified professionals registered with ICAI.
- Accurate Books Certification – Ensure your financials reflect true and fair view.
- Avoid Penalties – Meet deadlines and statutory obligations to avoid fines.
- Comprehensive Report Filing – Audit Report (Form 3CA/3CB & 3CD) filed online.
- Cross-Verification with ITR & GST – Seamless alignment with all compliance records.
- Audit Trail Review – Identify financial discrepancies, tax exposures, and compliance gaps.
- Confidential & Secure – Your financial data is safe with Sahyog’s secure systems.
Expert Consultation
99.9% customers satisfaction guaranteed.
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Income Tax Audit Services in India
Income Tax Audit is a mandatory compliance requirement under Section 44AB of the Income Tax Act for certain categories of taxpayers. Whether you’re a business owner, professional, or corporate entity, an accurate and timely tax audit ensures you’re legally compliant and financially transparent. At Sahyog, we offer end-to-end Income Tax Audit services with expert guidance, documentation support, and representation before authorities.
What is an Income Tax Audit?
An Income Tax Audit refers to an examination of a taxpayer’s financial records and statements to ensure accuracy and compliance with income tax laws. It is mandatory for businesses and professionals who cross specified turnover or profit limits as per Section 44AB of the Income Tax Act, 1961.
The audit must be conducted by a practicing Chartered Accountant (CA) and submitted electronically to the Income Tax Department in prescribed formats (Form 3CA/3CB and Form 3CD).
Who Needs to Get a Tax Audit Done? (As per Section 44AB)
| Category | Threshold (AY 2024-25) |
|---|---|
| Business (with no digital transactions) | Gross turnover exceeds ₹1 crore |
| Business (95% digital receipts/payments) | Gross turnover exceeds ₹10 crore |
| Profession | Gross receipts exceed ₹50 lakhs |
| Presumptive Taxation (Section 44AD/44ADA) | If opted out and income exceeds taxable limit |
| Declared profit < 8%/6% under 44AD | Mandatory audit if income below threshold |
Documents Required for Income Tax Audit
| Document Type | Details Required |
|---|---|
| Financial Statements | Balance Sheet, Profit & Loss A/C, Ledger, Cashbook, Trial Balance |
| Tax & Statutory Records | GST returns, TDS statements, previous ITRs, Form 26AS |
| Bank Statements | Bank books, passbooks, loan accounts |
| Expense & Income Vouchers | Sales invoices, purchase bills, expense receipts |
| Books of Accounts | As maintained under Income Tax Rules |
| Company Registration Details | Certificate of incorporation, PAN, TAN, etc. |
| Others (if applicable) | Stock register, depreciation schedules, auditor appointment letters |
Income Tax Audit Process by Sahyog
A typical Income Tax Audit can be completed in 7–15 working days, depending on the complexity of accounts.
Initial Consultation with Sahyog
Understand audit applicability and business nature.
Document Collection & Preliminary Review
Collect financials, books, and statutory records.
Detailed Audit by Chartered Accountant
Verification of income, expenses, assets, liabilities, and statutory dues.
Preparation of Tax Audit Report
Draft Form 3CA/3CB and Form 3CD with required disclosures.
Discussion & Approval
Review observations and address discrepancies with client.
Filing of Audit Report with IT Department
Submit the tax audit report online via CA login.
Post-Audit Support
Assist with assessment, notices, and future tax planning.
With Sahyog, the entire process is streamlined and executed by tax experts.
Penalties for Non-Compliance with Tax Audit
| Violation | Penalty (Under Section 271B) |
|---|---|
| Failure to get accounts audited | 0.5% of total turnover or ₹1,50,000 (whichever is lower) |
| Delay in filing audit report | May lead to penalty, scrutiny, and interest |
| Incorrect audit information | Can result in additional tax liability or prosecution |
Why Choose Sahyog for Income Tax Audit Services?
✅ Experienced CA Network – Tax audits conducted by qualified chartered accountants
✅ PAN India Services – Available across major cities and regions
✅ Dedicated Support – Personal audit manager to guide you through the process
✅ Affordable Pricing – Transparent audit fees based on business complexity
✅ Error-Free Filing – 100% compliance with latest Income Tax laws
✅ Confidential Handling – All documents and data treated with full confidentiality
Sahyog’s expertise ensures you never miss an audit deadline or face penalties.
Frequently Asked Questions (FAQs)
No, only businesses/professionals exceeding turnover thresholds or not complying with presumptive scheme need to undergo tax audit.
Typically, the tax audit report must be filed by 30th September of the assessment year.
You may face penalties under Section 271B and increase chances of assessment scrutiny.
Yes, we handle multi-entity and multi-location audits with ease.
Statutory audit is mandated under Companies Act; Income tax audit is required under Income Tax Act based on turnover.
