A tax audit is an inspection or study of the accounts of a firm or trade executed by taxpayers. It eases the income estimation for filing Income Tax Returns and ensures correctness of records.

What is the threshold limit for a professional to get a Tax Audit?

For individuals practicing a profession, a tax audit is mandatory if their total gross receipts surpass ₹50 lakh in the Financial Year.

What happens if I suffer a business loss?

In the event of a loss from conducting a business (not choosing the presumptive taxation scheme), a tax audit is mandatory if total sales, gross receipts, or turnover still surpass ₹1 crore.

What forms are required for a Tax Audit?

Form 3CB is used for reports prescribed u/s 44AB. Form 3CD is used to report specified details. Form 3CA is used when accounts are audited under any other law.

Who can conduct a Tax Audit?

A Tax Audit under section 44AB of the Income Tax Act must be conducted by a practicing Chartered Accountant (CA) holding a valid certificate of practice.

What is the penalty for not getting a Tax Audit done?

The penalty for failing to get a mandatory tax audit is 5% of total sales/turnover/gross receipts or ₹1,50,000, whichever is less.

Can the penalty for non-compliance be waived?

Yes, a penalty can be waived if there is a reasonable cause, such as delay caused by the auditor, loss of accounts due to theft/natural disaster, or physical disability of the responsible partner.

What is the due date for filing a Tax Audit report?

The tax audit report must generally be filed by September 30th of the assessment year for domestic taxpayers, and by November 30th for taxpayers engaged in international business.

How is the Tax Audit report filed?

The appointed CA uploads the tax audit report online using their credentials. The taxpayer then reviews and accepts the report on their income tax portal.

Is a Tax Audit required if I opt for presumptive taxation?

If you opt for presumptive taxation (e.g., u/s 44AD) and declare profits above the specified limit (with turnover below ₹2 crore), a tax audit may not be required. However, if you declare profits lower than the specified limit and your total income is above the basic exemption, an audit is mandatory.

Are Tax Audit reports irreversible?

Generally, tax audit reports are irreversible. However, if accounts are revised after adoption at the AGM due to a change or interpretation of law, the report can be revised.

Does the sale of fixed assets count towards turnover for a Tax Audit?

No, the gain from the sale of fixed assets like vehicles or immovable property is not treated as business or professional gain and is excluded from total turnover.

What if I have multiple businesses?

If a taxpayer engages in more than one business and the total combined turnover of all businesses exceeds ₹1 crore, they are liable to get their accounts audited.

Can a tax audit report be declined by the taxpayer?

Yes, once the CA uploads the report, it must be accepted or declined by the taxpayer. If declined, the CA must revise and resubmit the report for approval.

Is a physical meeting required for a Tax Audit?

No, most of the tax audit process, including document submission and report filing, can be done completely online through secure portals.

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Q: Who is mandated to get a Tax Audit for a business?

A business is generally required to get a tax audit if its total sales, gross receipts, or turnover surpasses ₹1 crore in the Financial Year, provided they have not opted for the presumptive taxation scheme where applicable.

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Ensure total accuracy and correct tax accounting

A Tax Audit ensures the total maintenance and correctness of the tax accounts of your firm. Our auditors thoroughly examine your financial records, check for discrepancies, and provide approval on the same, ensuring your business stays strictly compliant with Income Tax law.

Avoid Heavy Penalties

Timely filing protects your business from financial loss

Failing to conduct a mandatory tax audit can attract heavy penalties, such as 5% of total sales or turnover, or up to Rs 1,50,000. Our experts ensure your tax audit reports are meticulously prepared and filed well before the November 30th or September 30th deadlines.

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Your assigned CA confirms income, deductions and regime on a short call.
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Review the computation and refund estimate; nothing is filed without your OK.
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E-filing, e-verification help and the ITR-V acknowledgement in your inbox.

Comprehensive Guide to Tax Audit AY 2026-27, explained

Audit refers to an official inspection or unbiased investigation of a firm’s financial statements or reports. An audit compensated under Income Tax is termed a 'Tax Audit'. It is an inspection of accounts of a firm executed by taxpayers, which eases the income estimation for filing the ITRs.

Tax audits are mandatory for businesses whose total sales, gross receipts, or turnover surpasses ₹1 crore in the Financial Year (unless opting for presumptive taxation under certain conditions) and for professionals whose total gross receipts surpass ₹50 lakh.

The Chartered Accountant selected to conduct the audit must report online using their valid login credentials. The taxpayer must also specify details about the appointed CA. Once uploaded, the report has to be confirmed by the taxpayer on their portal before the prescribed deadlines.

Documents you will need

PAN Card and Aadhaar Card of the taxpayer
Books of Accounts (Ledgers, Cash Book, Journal)
Bank Statements for the financial year
Previous year’s Income Tax Return (ITR)
GST Registration Certificate and GST Returns
Invoices for significant sales and purchases

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Comprehensive Guide to Tax Audit why it pays to use an expert

Audit refers to an official inspection or unbiased investigation of a firm’s financial statements or reports. An audit compensated under Income Tax is termed a 'Tax Audit'. It is an inspection of accounts of a firm executed by taxpayers, which eases the income estimation for filing the ITRs.

Tax audits are mandatory for businesses whose total sales, gross receipts, or turnover surpasses ₹1 crore in the Financial Year (unless opting for presumptive taxation under certain conditions) and for professionals whose total gross receipts surpass ₹50 lakh.

The Chartered Accountant selected to conduct the audit must report online using their valid login credentials. The taxpayer must also specify details about the appointed CA. Once uploaded, the report has to be confirmed by the taxpayer on their portal before the prescribed deadlines.

File with an expert, sleep easy.

Most returns are ready for your approval within 48 hours of document upload.

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Ensure total accuracy and correct tax accounting

Timely filing protects your business from financial loss

Matched to AIS, before the department checks

With standard services vs With our expert team

How it works

Share your documents

Talk to your expert

Approve the summary

We file & you relax

Comprehensive Guide to Tax Audit AY 2026-27, explained

Documents you will need

Why choose us for this service

Statutory Compliance

Penalty Avoidance

Accurate Income Estimation

Credibility

Expert Guidance

Notice shield

Year-round access

Standard Tax Audit honest pricing

Salaried

Multi-income

Pro

Comprehensive Guide to Tax Audit why it pays to use an expert

Frequently Asked Questions

What is a Tax Audit?

Who is mandated to get a Tax Audit for a business?

What is the threshold limit for a professional to get a Tax Audit?

What happens if I suffer a business loss?

What forms are required for a Tax Audit?

Who can conduct a Tax Audit?

What is the penalty for not getting a Tax Audit done?

Can the penalty for non-compliance be waived?

What is the due date for filing a Tax Audit report?

How is the Tax Audit report filed?

Is a Tax Audit required if I opt for presumptive taxation?

Are Tax Audit reports irreversible?

Does the sale of fixed assets count towards turnover for a Tax Audit?

What if I have multiple businesses?

Can a tax audit report be declined by the taxpayer?

Is a physical meeting required for a Tax Audit?

File with an expert, sleep easy.

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