Income Tax Audit (TAX AUDIT)

Income Tax Audit Services for Traders and Businesses

Ensure Compliance and Peace of Mind with Expert Tax Audit Services Income Tax audits are essential for ensuring compliance with tax laws and avoiding penalties. Whether you are a business owner, professional, or share market trader (F&O, Intraday, Capital Gains), our team of experts is here to simplify the audit process for you.

Why Choose Our Tax Audit Services ?

• Comprehensive Audit Process

  Who Needs an Income Tax Audit ?

  Benefits of Our Services

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  Let us handle the complexities of tax audits while you focus on growing your business.

  • Detailed verification of books of accounts.
    • Accurate computation of taxable income.
    • Ensuring compliance with Income Tax Act provisions, including Section 44AB.
  • Specialized in Share Market Trading
    • Expertise in handling complex transactions for F&O, intraday, and capital gains.
    • Assessment of turnover, profit margins, and loss adjustments.
    • Accurate reporting of speculative and non-speculative income.
  • Business & Profession Compliance
    • Support for businesses exceeding turnover thresholds.
    • Presumptive taxation schemes under Section 44AD/44ADA.
    • Tailored solutions for professionals and freelancers.
  • Hassle-Free Filing
    • Assistance in filing Form 3CA, 3CB, and 3CD as required.
    • Timely submission to avoid penalties.
    • Error-free reporting to ensure a smooth tax filing experience.
    • Businesses with turnover exceeding ?10 crore.
    • Professionals earning above ?50 lakh annually.
    • Share Market Traders with F&O or intraday trading:
      • Turnover above prescribed limits.
      • Declaring losses or profits below 6% of turnover under Section 44AB.
    • Presumptive Taxation Opt-Outs.
    • Avoid hefty penalties for non-compliance.
    • Expert guidance to minimize tax liability legally.
    • Secure accurate records and maintain transparency.
    • Leverage audit insights for better financial management.
    • Free Consultation: Discuss your requirements with our tax experts.
    • Customized Solutions: Tailored for your industry and needs.
    • Affordable Pricing: Transparent and competitive packages.
    • ? Call us now or ? Email us to book your audit consultation.

Benefits of an Income Tax Audit:

• Regulatory Compliance – Mandatory for businesses exceeding turnover limits.
• Avoid Penalties – Prevents fines for incorrect tax filing.
• Accurate Financial Records – Ensures proper documentation and tax calculation.
• Loss Adjustment – Helps in carrying forward business losses.
• Enhances Credibility – Improves trust with financial institutions and investors.

Documents Required for Tax Audit:

• PAN Card and Aadhaar Card of the business owner
• Financial statements (Balance Sheet, Profit & Loss Account)
• Bank statements and cash book records
• Sales and purchase invoices
• Tax payment proofs (GST, TDS, Advance Tax)

An Income Tax Audit is a mandatory verification of financial records for businesses and professionals whose turnover or receipts exceed prescribed limits under the Income Tax Act of India. It ensures the accuracy of income declarations, proper tax payment, and compliance with tax regulations. The audit is conducted by a Chartered Accountant, and the findings are submitted through Form 3CA/3CB and Form 3CD.