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Income Tax

Tax Audit

Turnover or profit crossed the audit threshold? We conduct your statutory tax audit under section 44AB and file Form 3CA/3CB and 3CD, signed by a chartered accountant.

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Statutory tax audit under Section 44AB by FilingSetu
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Overview

What is a tax audit?

A tax audit under Section 44AB is a statutory examination of a business or professional's accounts, required once turnover or gross receipts cross prescribed limits — reported in Form 3CA/3CB and 3CD, and filed only by a chartered accountant.

Who it's for

Who needs a tax audit?

Businesses above the turnover threshold

₹1 crore turnover generally, or ₹10 crore where cash transactions stay within 5%.

Professionals above ₹50 lakh receipts

Doctors, consultants and other professionals crossing the gross receipts limit.

Presumptive taxpayers opting out

Declaring profit below the presumptive rate when income exceeds the exemption limit.

Thresholds

Who must get audited

Category
Threshold
Business — cash transactions ≤5%
₹10 crore turnover
Business — other cases
₹1 crore turnover
Professionals
₹50 lakh gross receipts
Presumptive scheme opt-out
Income above exemption limit
Documents required

Documents required for a tax audit

  • Books of account
    Ledgers, cash book and journal for the year.
  • Bank statements
    All business bank accounts for the year.
  • Purchase & sales invoices
    Supporting the reported turnover.
  • Fixed asset & depreciation records
    For accurate depreciation computation.
How it works

Tax audit process

01

Scope the work

We confirm audit applicability and the records we'll need.

02

Verify & reconcile

We review books, vouchers and reconciliations, and resolve discrepancies.

03

Filed & signed

Done

The report is digitally signed by the CA and filed before the deadline.

Don't miss it

Cost of missing a tax audit

Penalty for non-compliance
0.5% of turnover
Or ₹1,50,000, whichever is lower, under section 271B.
Delayed ITR filing
Consequential
A missed audit also delays your return, inviting further interest and scrutiny.
Pricing

Tax audit fees

Scoped to your turnover and complexity — confirmed in writing before we begin.

  • Covers books verification, report preparation and filing.
Avoid these

Common mistakes to avoid

Missing the audit threshold

Turnover figures are often computed incorrectly, missing items that must be included when checking applicability.

Reconciling books too late

Starting reconciliation close to the deadline leaves little room to fix discrepancies.

Why us

Why choose FilingSetu?

Real accountants, fixed fees, and a person who knows your file.

Real chartered accountants

Every engagement is prepared and reviewed by an ICAI-registered CA.

One fixed fee, in writing

The fee you see is what you pay.

A named manager

One point of contact who knows your file end to end.

Handled end to end

From review to filing, we manage every step.

FAQ

Tax Audit, answered.

How do I know if I need a tax audit?

It depends on your turnover or gross receipts and cash transaction mix — we check applicability against your books before quoting.

Can the same CA audit and file my return?

Yes — we coordinate the audit and return filing together, so your deadlines are met without duplicated work.

Crossed the tax audit threshold?

Talk to a CA about your audit — free, no obligation.