Accurate Reporting. Full Compliance. Zero Surprises.
Income tax audit is not just a statutory requirement—it’s a critical checkpoint that ensures your financial records are accurate, compliant, and defensible.
At N D Savla & Associates, we go beyond basic compliance. We review your financials in detail, identify risks early, and ensure your audit is filed correctly and on time—without last-minute pressure.
What is Income Tax Audit?
Income tax audit under Section 44AB involves examination of books of accounts and financial statements to ensure correctness of income, deductions, and compliance with tax laws.
The audit report is filed in prescribed forms (3CA/3CB and 3CD) and includes detailed disclosures required by the Income Tax Department.
- Verification of books of accounts and financial statements
- Compliance with Income Tax Act provisions
- Reporting under Form 3CD
- Verification of deductions and expenses
- Identification of tax risks and adjustments
Who is Required to Get Tax Audit Done?
- Businesses exceeding prescribed turnover limits
- Professionals exceeding specified receipt limits
- Cases under presumptive taxation with conditions
- Entities requiring mandatory audit under law
Documents Required
- Books of accounts and ledgers
- Financial statements
- Bank statements
- GST returns and reconciliation
- Invoices and supporting documents
Risks of Non-Compliance
- Penalty under Section 271B
- Increased scrutiny and notices
- Disallowance of expenses
- Incorrect income reporting
Income Tax Audit Process
- Understanding business and transactions
- Review of books and financial records
- Compliance checks and adjustments
- Preparation of audit report
- Filing audit report online
Why Choose N D Savla & Associates?
Detailed Audit Approach
Thorough review beyond basic compliance.
Risk Identification
Detecting issues before they become notices.
Expert Professionals
Experienced in handling complex audits.
Frequently Asked Questions
What is income tax audit?
It is an examination of financial records to ensure compliance with tax laws.
Who is required to get tax audit done?
Businesses and professionals crossing prescribed limits must undergo audit.
What is the due date?
Generally 30th September or 31st October depending on applicability.
What documents are required?
Books, financials, GST returns, and supporting records.
Which firm is best for income tax audit?
N D Savla & Associates provides structured and reliable audit services.