Comprehensive Tax Audit Services
for Every Business Need

From mandatory statutory audits to specialised transfer pricing reviews — our CA team delivers accurate, timely, penalty-free audit reports.

📊 Most Common

Income Tax Audit u/s 44AB

Mandatory audit for businesses & professionals crossing prescribed turnover/receipt thresholds. Includes preparation of Form 3CA/3CB and Form 3CD statement of particulars.

Threshold: Business ≥ ₹1 Cr | Profession ≥ ₹50 L
📋 GST Compliance

GST Audit

Verification of GST returns, reconciliation of books with GSTR filings, ITC verification, and compliance review to avoid notices and penalties from the GST department.

For taxpayers with annual aggregate turnover ≥ ₹2 Cr
🌐 International

Transfer Pricing Audit

Audit of international transactions between associated enterprises. Preparation of Form 3CEB, master file, local file, and country-by-country reporting as required under Section 92E.

Applicable to international transactions u/s 92E
🏛️ Statutory

Statutory Audit

Mandatory audit of financial statements for companies under the Companies Act, 2013. Ensures accuracy, compliance, and shareholder confidence with Independent Auditor's Report.

Mandatory for all registered companies in India
🔄 Ongoing

Concurrent Audit

Real-time examination of financial transactions as they occur. Primarily used by banks and large organisations to detect errors and frauds at the earliest possible stage.

Banks, NBFCs & large enterprises
🔍 Advisory

Tax Due Diligence

Comprehensive review of tax positions, liabilities, and compliance history before M&A transactions, investments, or business acquisitions to identify hidden tax risks.

M&A, investments & corporate transactions

Who is Required to Undergo
Tax Audit in India?

🏭

Business Entities — Turnover > ₹1 Crore

Any person carrying on business whose total sales, turnover, or gross receipts exceed ₹1 crore in the previous financial year must get a tax audit done under Section 44AB.

👨‍⚕️

Professionals — Gross Receipts > ₹50 Lakh

Doctors, lawyers, architects, engineers, accountants, and other specified professionals with gross receipts exceeding ₹50 lakh are required to undergo tax audit.

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Presumptive Taxation Opt-Out Cases

Businesses opting out of presumptive taxation u/s 44AD or 44ADA with income declared lower than the prescribed limit and total income exceeding the basic exemption limit.

🏦

Digital Transactions — ₹10 Crore Limit

Businesses where cash receipts and payments don't exceed 5% of turnover benefit from a higher threshold of ₹10 crore instead of ₹1 crore for tax audit applicability.

Tax Audit Turnover Thresholds AY 2024-25

Business (Cash > 5%)
₹1 Crore
Business (Digital ≥ 95%)
₹10 Crore
Specified Profession
₹50 Lakh
44AD / 44ADA Opt-Out
Any
Due Date for Filing
30 Sep

⚠️ Late filing penalty: 0.5% of turnover or ₹1.5 Lakh (whichever is lower)

Consequences of Non-Compliance
with Tax Audit Requirements

Failing to conduct a mandatory tax audit exposes your business to severe financial and legal consequences. Here's what's at stake:

0.5%

Penalty on Turnover u/s 271B

Non-filing or delayed submission of tax audit report attracts a penalty equal to 0.5% of total turnover, or ₹1,50,000 — whichever is lower.

200%

Penalty for Concealment

If audited income reveals concealed or suppressed income, penalty under Section 270A can be up to 200% of the tax on the misreported income.

₹10K

Per Day Prosecution Risk

Repeated non-compliance with audit requirements can trigger prosecution under the Income Tax Act, with fines up to ₹10,000 per default and possible imprisonment.

Structured 6-Step Tax Audit
Process by Our CA Team

Our systematic approach ensures zero errors, on-time filing, and complete regulatory compliance every time.

1

Free Consultation

Discuss your business, turnover, and applicable audit type with our CA.

2

Document Checklist

Receive a precise list of books of accounts, returns, and statements needed.

3

Books Review

Our CA examines your financial records, reconciliations, and compliance status.

4

Draft Report

Draft Form 3CD / Audit Report prepared and shared with you for review.

5

E-Filing

Audit report digitally signed by CA and filed on the Income Tax Portal.

6

Acknowledgement

Filing acknowledgement and compliant report delivered to you securely.

Bengaluru's Trusted Tax Audit
Specialists Since 2012

We combine deep regulatory expertise with cutting-edge tools to deliver flawless tax audits — on time, every time.

🎓

Qualified CAs

All audits conducted by ICAI-registered Chartered Accountants with deep specialisation in Income Tax and GST laws.

⏱️

Always On-Time

We have never missed a single tax audit deadline in 12+ years. Our clients have zero penalty history.

🔒

Data Security

Bank-grade encryption for all documents shared with us. Your financial data is completely confidential.

📱

Fully Digital

Complete audit process managed online — no physical visits required. Share documents, get updates, receive reports — all online.

Documents Required for
Income Tax Audit

Having the right documents ready ensures a smooth, fast audit process. Our team guides you through every requirement.

📁 Financial Records

Trading, Profit & Loss Account
Balance Sheet as on 31st March
Bank Account Statements (All accounts)
Cash Book & Day Book
Sales & Purchase Ledgers
Stock / Inventory Register
Fixed Assets Register
Debtors & Creditors Ledger

📄 Tax & Compliance Documents

TDS Returns (26Q, 24Q, 27Q)
GST Returns (GSTR-1, GSTR-3B)
Previous Year's IT Return & Audit Report
TAN & PAN of Business
Loan & Borrowing Details
Salary & Remuneration Details
Payment to Related Parties
MSME / Section 80 Investment Proofs

Affordable Tax Audit Packages
for Every Business Size

Fixed, transparent fees. No hidden charges. All packages include CA sign-off and e-filing on the income tax portal.

Startup
4,999
For turnover up to ₹1 Crore
  • Income Tax Audit u/s 44AB
  • Form 3CB-3CD Preparation
  • E-Filing on IT Portal
  • Acknowledgement Copy
  • Email Support
Get Started →
Enterprise
Custom
Turnover above ₹10 Crore
  • Complete Statutory + Tax Audit
  • Transfer Pricing (Form 3CEB)
  • GST Annual Audit
  • Tax Due Diligence
  • Litigation Support Included
  • Dedicated Account Manager
Talk to Us →

Frequently Asked Questions
About Tax Audits in India

Businesses with sales/turnover exceeding ₹1 crore (₹10 crore if ≥95% transactions are digital) and professionals with gross receipts exceeding ₹50 lakh are mandatorily required to have their accounts audited under Section 44AB of the Income Tax Act.
The tax audit report must be filed on or before 30th September of the relevant assessment year. For cases involving international/specified domestic transactions, the extended due date is 31st October. Delays attract a penalty under Section 271B.
Form 3CD is a detailed statement of particulars required to be furnished along with the audit report under Section 44AB. It contains 44 clauses covering information about the taxpayer's accounts, loans, payments, deductions, and compliance — making it a comprehensive declaration to the tax department.
No. The ICAI guidelines specify that a CA who has prepared or maintained the books of accounts of a client cannot conduct the tax audit of the same client. An independent CA or firm must be appointed to ensure objectivity and compliance.
Yes. Tax audit applicability is based on turnover/gross receipts, not on whether you made a profit or incurred a loss. If your turnover exceeds the prescribed threshold, a tax audit is mandatory regardless of the profit/loss position of the business.
As per ICAI guidelines, a practicing Chartered Accountant can conduct a maximum of 60 tax audits per year. This limit ensures quality and thorough review of each audit assignment. At Sirus Infotech, we maintain well below this limit for every CA partner.

Talk to Our CA Team
Today — It's Free

Have questions about your tax audit obligation? Our qualified CAs are here to help. Get a personalised consultation at no cost.

📞

Phone / WhatsApp

+91 91661 36118
✉️
📍

Office

Sirus Infotech, Bengaluru, Karnataka, India

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Business Hours

Mon – Sat: 9:00 AM – 7:00 PM IST


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