Tax Audit — Section 44AB
A tax audit under Section 44AB is mandatory for businesses with turnover above ₹1 crore (or ₹10 crore if over 95% of transactions are digital) and professionals with gross receipts above ₹50 lakh. The tax auditor examines the books of accounts, verifies tax computations, and reports on specific disclosures in Form 3CD — including depreciation, disallowances, TDS compliance, and related party transactions. The tax audit report must be filed on the IT portal at least one month before the ITR due date. BSP Associate conducts tax audits with precision and files the report well before the deadline.
What's Included
Everything you get when you engage BSP Associate for Tax Audit — Section 44AB.
- Books of accounts examination and verification
- Form 3CA (for accounts already audited) or 3CB (for others) preparation
- Form 3CD — 44-clause detailed disclosure preparation
- Depreciation computation under Income Tax Act
- Disallowance workings under Sections 40, 40A, and 43B
- TDS compliance verification across all payment categories
- Filing on IT portal with CA's DSC before October 31
Documents Required
Have these ready before you reach out — it speeds things up considerably.
Documents You'll Need
Please arrange these before your consultation
- Trial balance and complete books of accounts for the year
- All bank statements (business and personal accounts used for business)
- Sales and purchase registers with invoices
- Expense vouchers and payment proofs
- Fixed asset register with purchase date, cost, and depreciation
- Loan agreements and interest calculation statements
- TDS returns filed (24Q, 26Q) and challan payment receipts
- GST returns for the year (GSTR-1, 3B)
- Previous year tax audit report (Form 3CD) for reference
Don't have these? We'll prepare them for you.
BSP Associate can draft and file all of the following
- Form 3CA or 3CB — tax auditor's report
- Form 3CD — detailed clause-wise disclosure
- Depreciation computation under Income Tax Act
- Section 40/40A/43B disallowance workings
- Tax computation after audit adjustments
Frequently Asked Questions
Common questions about Tax Audit — Section 44AB.
Tax audit is mandatory for: businesses with turnover above ₹1 crore (or ₹10 crore if more than 95% of receipts and payments are digital); professionals with gross receipts above ₹50 lakh; and individuals who opted out of the presumptive scheme under Section 44AD or 44ADA in any year and their income exceeds the basic exemption limit. Companies are always subject to tax audit regardless of turnover since they require a statutory audit.
BS Balaji
Founder & Principal Consultant
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