Tax Audit & Compliance
Businesses crossing prescribed turnover thresholds under the Income Tax Act are required to undergo a Tax Audit. We conduct tax audits with precision, ensuring your accounts are fully compliant with tax laws and audit standards. Our tax compliance services cover TDS, advance tax, GST-linked records, and reconciliations.
Why This Service Matters
- Mandatory requirement for businesses above turnover limits.
- Prevents penalties and scrutiny from tax authorities.
- Strengthens credibility with banks, investors, and regulators.
- Ensures transparent and reliable financial reporting.
- Keeps business audit-ready at all times.
What is the turnover limit for Tax Audit?
Currently, the threshold varies based on business type and digital transactions. We guide you on whether your business qualifies.
What documents are needed for a Tax Audit?
Financial statements, ledgers, bank statements, invoices, and other supporting records.
Do startups need a tax audit?
Not always. Only businesses exceeding statutory thresholds or specific cases need tax audits.
How long does a Tax Audit take?
It depends on the volume of transactions and readiness of records. Typically, it takes 2–4 weeks.
What happens if I miss a tax audit deadline?
Missing deadlines can lead to penalties under Section 271B of the Income Tax Act.