Tax Audit Review & Support
Tax audits, mandated under Section 44AB of the Income Tax Act, ensure that entities meeting specified turnover or gross receipts thresholds maintain proper books of accounts and report prescribed particulars. A robust tax audit review not only fulfills statutory requirements but also minimizes exposure to future disputes or penalties.
Independent support in tax audits provides assurance that reporting is accurate, disclosures are complete, and compliance obligations are properly met—strengthening transparency and reducing litigation risks.
About This Service
Our tax audit review and support services are designed to help businesses meet their obligations seamlessly under the Income Tax Act. We assist in preparation and review of Form 3CA/3CB and Form 3CD, ensuring all prescribed clauses are accurately reported.
We perform a detailed review of financial statements, ledgers, and supporting documentation to ensure that disallowances, deductions, TDS compliances, and depreciation claims are correctly captured. Our process minimizes the risk of misstatements or omissions.
We also provide advisory support on contentious issues that often arise during tax audits, including related party transactions, reporting of specified domestic/ international transactions, and compliance with emerging tax provisions.
By combining compliance with strategic guidance, we ensure that tax audits are not just a statutory exercise but also a tool for risk management and stronger governance.
Key Features / Scope of Work
- Preparation and filing support for tax audit reports (Form 3CA/3CB & 3CD).
- Review of financial statements, ledgers, and documentation.
- Verification of TDS compliance, deductions, and disallowances.
- Advisory on reporting of related party and specified transactions.
- Guidance on treatment of depreciation, provisions, and expenses.
- Identification and mitigation of tax audit risks.
- Support in responding to tax authority queries post-audit.
- Ensuring transparency and compliance with Income Tax provisions.
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