Tax Audit Services

In the event that you are a taxpayer, and the turnover of your business or total receipts from any profession surpass the limits set forth by The Income Tax Act in any previous year, it becomes mandatory to undergo a tax audit conducted by an Independent Chartered Accountant. The Tax Audit report, prepared in accordance with Section 44AB of the Income Tax Act, 1961, is a crucial requirement in such cases.

Ensuring compliance, the due date for submitting the Tax Audit report is set at 30th September of the Assessment Year. Adhering to this deadline is vital to avoid penalties and ensure a smooth process of assessment and verification by tax authorities. This requirement underscores the significance of accurate financial reporting and transparency for businesses and professionals with turnovers exceeding the prescribed limits.