Practice Brief • Audit & Assurance Services
Tax Audit Services (Section 44AB)
Rigorous verification of taxable income, deductions, 43B statutory dues, and Form 3CA/3CB & 3CD.
Turnaround: 1 to 2 weeks
Practice Lead: CA. R.A. Dhoot & Direct Tax Practice Team
Practice Methodology & Regulatory Scope
Tax audits require extensive line-by-line verification of cash transactions (Section 40A(3)), depreciation schedules, personal expense disallowances, Section 43B statutory payment proofs, and TDS reconciliation. We ensure error-free filing of Form 3CD on the e-filing portal.
Governing Statutory Acts & Guidelines
Section 44AB of Income Tax Act 1961
ICAI Guidance Note on Tax Audit
CBDT Notifications
Tangible Client Deliverables
1
Form 3CA / 3CB Audit Report signed with CA UDIN2
Comprehensive Form 3CD Statement of Particulars with all 44 clauses verified3
Reconciliation of sales and purchases between Tax Audit, Books, and GSTR-9C4
Verification of depreciation under Section 32 vs Companies Act rates5
TDS/TCS deduction and remittance compliance schedule under clause 34Measurable Enterprise Safeguards
Elimination of penalty under Section 271B (up to ₹1,50,000 or 0.5% of turnover)
Clean documentation protecting against automated CPC scrutiny adjustments
Accurate computation minimizing post-filing rectifications
Statutory Practice FAQs
Q: What is the turnover threshold for Tax Audit under Section 44AB?
A: For businesses, tax audit is mandatory if turnover exceeds ₹1 Crore (increased to ₹10 Crores if cash receipts and cash payments do not exceed 5% of aggregate transactions). For professionals, the threshold is ₹50 Lakhs (or ₹75 Lakhs under presumptive Section 44ADA).
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot & Direct Tax Practice Team
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.