Income Tax Audit

CA Dhiraj Ostwal, a trusted Chartered Accountant based in Mumbai, offers expert Income Tax Audit (Tax Audit) services under Section 44AB of the Income Tax Act, 1961. With extensive experience across industries, our team ensures your financial records are thoroughly examined, legally compliant, and accurately reported. We help businesses avoid tax penalties, reduce errors, and meet statutory obligations efficiently and on time.

Whether you're an individual, firm, LLP, or company exceeding the turnover threshold, our tax audit services provide peace of mind and clarity. We assist in compiling, verifying, and submitting all necessary financial data, while also offering actionable insights for better financial management. With our proactive support and in-depth knowledge of Indian tax laws, CA Dhiraj Ostwal ensures your business stays audit-ready and aligned with regulatory standards.

 

Eligibility for Tax Audit under Section 44AB:

• Business turnover exceeds ?1 crore (?10 crore if no cash transactions).

• Professional receipts exceed ?50 lakhs.

• Cases opting out of presumptive taxation schemes (Sections 44AD, 44ADA, etc.)

• Mandatory for certain businesses even with lower income if specified conditions apply.

Documents Required:

• Audited financial statements (Balance Sheet, P&L Account)

• Books of accounts (Ledger, Cash Book, Journal)

• GST returns and reconciliation

• Bank statements

• TDS returns

• Trial balance and general ledger

• Previous year's tax audit report (if applicable)

• PAN, TAN, and registration certificates

 

Based in Mumbai, CA Dhiraj Ostwal is a seasoned Chartered Accountant specializing in Income Tax Audits. We help businesses maintain statutory compliance under Section 44AB, minimize audit risks, and streamline financial reporting with professional and personalized tax audit solutions