Income Tax Audit Services in India
Who Needs a Tax Audit?
- Prevents Tax Notices & Penalties
- Builds Financial Transparency
- Enhances Credibility with Banks & Investors
Documents Required for Income Tax Audit
✅PAN, Aadhaar, and Incorporation documents
✅Bank Statements & Cash Book
✅ Purchase & Sales Invoices
✅ Expense Vouchers and Bills
✅GST Returns (if applicable)
Income Tax Audit
Every business and professional earning above a certain limit must get their accounts audited as per the Income Tax Act. At Aadesh Kumar & Associates, we provide comprehensive Income Tax Audit services for businesses, professionals, firms, LLPs, and companies in India. With over 13+ years of experience, we help you stay compliant, avoid penalties, and maintain clean financial records.
Our expert team of Chartered Accountants, Tax Advisors, and Legal Experts ensures your tax audit is conducted smoothly, accurately, and within deadlines.
An Income Tax Audit is an examination of the books of accounts of a taxpayer to ensure correctness of income, deductions, and taxes declared. It is mandatory under Section 44AB of the Income Tax Act, 1961 for individuals and businesses whose turnover or gross receipts exceed specified limits.
FAQs – Income Tax Audit in India
Q. What is the due date for filing a tax audit report?
Usually 30th September of the assessment year.
Q. What happens if I miss the tax audit deadline?
You may face penalties up to ₹1.5 lakh or 0.5% of turnover, whichever is less.
Q. Who conducts a tax audit?
Only a qualified Chartered Accountant (CA) can perform a tax audit.
Q. Do salaried individuals need tax audits?
No, unless they have business/professional income above prescribed limits.
