Tax Audit
What is a Tax Audit?
- A Tax Audit is a thorough review of your company’s income tax return filing, conducted by a qualified tax auditor. The objective is to verify the accuracy and completeness of your tax filings and supporting documents, ensuring they comply with the provisions of the Income Tax Act, 1961.
When is a Tax Audit Mandatory?
Under Section 44AB of the Income Tax Act, certain businesses and professionals are required to undergo a Tax Audit. This audit is mandatory in the following situations:
Businesses with a turnover exceeding Rs. 10 crore
- Businesses claiming deductions under specific sections of the Income Tax Act that cross a specified threshold
- Specific professions or business categories identified by the Income Tax Department
Adhering to the correct ITR filing date is crucial, and our expert auditors ensure that all documentation is submitted in a timely manner to avoid penalties.
APPLY FOR Tax Audit
S K Gupta & Associates
S K Gupta & Associates is a Chartered Accountancy firm catering to Domestic as well as international clients. We are a CA firm in Lucknow, Uttar Pradesh, We have been providing advisory, regulatory and compliance related services.
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- 516 Parsavnath Plaza, Vibhuti Khand Gomti Nagar Lucknow
- caskgupta22@gmail.com
- 9918678448
- 9140323983