Tax Audit services are conducted in accordance with the provisions of Section 44AB of the Income Tax Act, 1961, ensuring compliance with all applicable laws and regulations. Tax Audit is conducted as follows:
Verification of Books of Accounts
- Examination of books of accounts to ensure compliance with the provisions of the Income Tax Act.
- Verification of income, expenses, and other financial transactions to ensure accuracy and completeness.
Preparation and Filing of Form 3CA/3CB and Form 3CD
- Preparation of the Tax Audit Report in the prescribed format (Form 3CA/3CB and Form 3CD).
- Ensuring accurate reporting of financial and tax-related information as per statutory requirements.
Compliance with Tax Laws
- Ensuring compliance with provisions related to tax deductions, exemptions, and allowances.
- Verification of compliance with TDS/TCS provisions and other tax-related obligations.