Tax Audit Support involves preparation and assistance for businesses undergoing audit under the Income Tax Act, 1961 (Section 44AB). It ensures that financial records, tax computations, and compliance documents are properly maintained and presented to tax auditors. Proper tax audit preparation helps businesses avoid penalties, ensure accurate reporting of income, and maintain compliance with direct tax regulations.
For smooth completion of Tax Audit under Section 44AB of the Income Tax Act, businesses must provide financial and tax-related records to ensure accurate verification and reporting.
Profit & Loss Account, Balance Sheet, Trial Balance, and Cash Flow Statement.
General Ledger, Purchase & Sales Register, Journal Entries, and Expense Records.
GST returns (GSTR-1, GSTR-3B), turnover reconciliation statements.
Previous year Income Tax Returns, advance tax and self-assessment tax details.
TDS returns, Form 26AS, challans and deduction details.
Invoices, agreements, depreciation schedule, loan statements, and expense proofs.
📌 Proper tax audit documentation ensures smooth filing, minimizes tax notices, and strengthens compliance with income tax regulations.