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Tax Audit - Section 44AB
Mandatory compliance requirement for businesses and professionals crossing prescribed turnover or receipt limits under the Income Tax Act, 1961.
Due Date: Generally 30th September of the assessment year
Book Free Consultation →The objective of a tax audit is to ensure accuracy of financial records, proper reporting of income, and compliance with tax laws.
What is a Tax Audit?
A tax audit is an examination of books of accounts conducted by a Chartered Accountant to verify accuracy of financial statements and proper compliance with income tax provisions. The audit report is submitted in Form 3CA / 3CB along with Form 3CD.