Tax Audit under Section 44AB
Section 44AB of the Income Tax Act mandates tax audits for specified businesses and professionals whose turnover or gross receipts exceed the prescribed limits or who are otherwise required to undergo an audit under the Act. A tax audit ensures that financial records are properly maintained, taxable income is accurately computed, and statutory provisions are complied with. It also helps reduce the risk of scrutiny, penalties, and future tax disputes.
At Ritesh Arora & Associates, we provide end-to-end Tax Audit services under Section 44AB, helping businesses and professionals meet their statutory obligations through accurate reporting, timely compliance, and comprehensive audit procedures.
Our Process
How we deliver this engagement.
Applicability Review
Determine audit requirements under Section 44AB.
Financial Verification
Examine books of accounts and financial records.
Compliance Review
Verify tax and statutory compliances.
Reporting
Prepare and file the prescribed audit reports.
Advisory
Recommend improvements for future tax compliance.
Accurate Tax Audit Services for Regulatory Compliance
Our Tax Audit Services Include
Applicability Assessment
We determine whether a tax audit is applicable based on the nature of the business or profession and the prescribed statutory thresholds.
Income Verification & Financial Review
We verify financial records to ensure accurate reporting of taxable income.
Our services include:
Verification of books of accounts.
| Particulars | Coverage |
|---|---|
| Compliance Verification | We review statutory compliances relevant to tax reporting. |
| Tax Audit Reporting | We prepare and file the prescribed tax audit reports within the applicable timelines. |
| Benefits of Tax Audit | Compliance with Section 44AB. |
Our Tax Audit services help businesses and professionals maintain accurate financial reporting, comply with statutory requirements, and minimize tax-related risks through a structured audit process.
Our general frequently asked questions
Find quick answers to common questions about our services, timelines, and engagement process.
VIEW ALL QUESTIONSOur prices are competitive and market-driven. However, we offer various payment plans and special offers for early buyers. Contact our team to discuss available options and any ongoing promotions.
You will typically need PAN cards, Aadhaar cards, photographs, and address proofs of the directors, along with the registered office address proof.