Tax Audit (44AB)
Your Compliance Partner
Statutory audits for high-turnover businesses. Ensure absolute statutory accuracy and safeguard your business from legal scrutiny with our veteran-led audit procedures.
Statutory Overview
A Tax Audit is a professional review of your business books to ensure they comply with the Income Tax Act.
It is mandatory for businesses with turnover exceeding specified limits (usually ₹1Cr or ₹10Cr depending on digital transactions).
Our Chartered Accountants perform a thorough audit to verify your tax deductions and financial disclosures.
At Compliance Katta, we treat the Tax Audit not just as a ticking-and-vouching exercise, but as a comprehensive health check. We ensure that every claim for deduction is legally valid and that your financial statements reflect a true and fair view in compliance with the Income Tax laws.
Eligibility & Applicability
Official Mandate Under Law
Tax Audit under Section 44AB is mandatory for businesses with a turnover exceeding ₹1 Crore (or ₹10 Crores if cash transactions are within 5%). For professionals, the threshold is ₹50 Lakhs. It is also applicable to taxpayers who opt for presumptive taxation but claim their income is less than the prescribed limits and exceed the basic exemption limit.
Documentation Checklist
Financial Data
- ✓Audited Balance Sheet & P&L
- ✓Trial Balance
- ✓Ledger Accounts for all major heads
- ✓Fixed Asset Register
Statutory Proofs
- ✓PAN and TAN details
- ✓GST Returns (GSTR-1, 3B, 9)
- ✓TDS Returns and Challans
- ✓Tax Payment Proofs
Transaction Evidence
- ✓Purchase and Sales Registers
- ✓Bank Statements for the full FY
- ✓Vouchers for significant expenses
- ✓Stock Statements
Our Execution Roadmap
Preliminary Review
Assessment of your business nature and initial verification of the books of accounts.
Data Vetting
In-depth verification of tax deductions, disallowed expenses, and compliance with TDS/GST provisions.
Draft Report
Preparation of Form 3CA/3CB and the detailed Annexures in Form 3CD.
Client Discussion
Review of the draft report with the management to address any observations.
E-Filing
Uploading the final CA-certified report on the Income Tax portal before the statutory deadline.
The Katta Advantage
We provide actionable intelligence, not just document processing.
Why Choose Compliance Katta
Uncompromising Accuracy
Identifying data vetting errors others overlook.
Process-Driven Approach
Eliminating guesswork with structured roadmaps.
Proactive Risk Shield
Identifying statutory gaps before they manifest.
Seamless Coordination
Working as an extension of your existing staff.
End-to-End Handling
Taking full ownership of your legal obligations.