Audit under Presumptive Taxation
The presumptive taxation schemes under Sections 44AD, 44ADA, and 44AE simplify tax compliance for eligible taxpayers by allowing income to be declared on a presumptive basis. However, in certain situations, a tax audit becomes mandatory, such as when the taxpayer declares income below the prescribed limits or opts out of the presumptive taxation scheme while meeting the specified conditions. Understanding these provisions is essential to avoid penalties and ensure timely compliance.
Learn MoreAudit of Trusts/NGOs
Charitable trusts, religious institutions, societies, and non-governmental organizations (NGOs) are required to comply with various audit and reporting requirements under the Income Tax Act to maintain their registration and continue claiming tax exemptions. Proper audit procedures ensure transparency, accountability, and compliance with the conditions governing charitable institutions.
Learn MoreTax Audit under the Income Tax Act, 2025
For Tax Year 2026–27 onwards, the tax-audit requirement is governed by Section 63 of the Income Tax Act, 2025, which corresponds broadly to the tax-audit requirement previously contained in Section 44AB of the Income Tax Act, 1961. We assist with evaluation of applicability, audit procedures, reporting requirements and related compliance under the new Act and Income-tax Rules, 2026.
Learn MoreTax Audit for FY 2025–26 / AY 2026–27 and Earlier
For FY 2025–26 and earlier tax years governed by the Income Tax Act, 1961, tax audit continues under Section 44AB and the applicable rules and forms. For AY 2026–27, the existing Forms 3CA/3CB and Form 3CD continue to apply as prescribed.
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