Streamlined Income Tax Audit (Section 44AB)

Streamlined Income Tax Audit (Section 44AB)

  • Meet your Section 44AB tax audit deadline with a thorough, accurate audit report - Lawxygen's CA team conducts the complete tax audit and files Form 3CB/3CD before the October deadline

Custom packages available starting from

₹1,999/-

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Here's How It Works

Step 1

Appointment of CA as Tax Auditor

Appointment of CA as Tax Auditor

Step 2

Books & Documents Review

Books & Documents Review

Step 3

Form 3CD Preparation

Form 3CD Preparation

Step 4

Form 3CB Signing & Filing

Form 3CB Signing & Filing

What Our Clients Say

“Lawxygen provides top-tier support. Registration timelines were strictly followed with full transparency.”

Rahul Verma

Rahul Verma

Director, TechNexus

Here's What You'll Need

Meet your Section 44AB tax audit deadline with a thorough, accurate audit report - Lawxygen's CA team conducts the complete tax audit and files Form 3CB/3CD before the October deadline.

  • Document
  • Notes / Format
  • Books of accounts for the FY
  • Cash book, bank book, sales register, purchase register, ledger · Tally/Excel
  • Financial statements
  • P&L and Balance Sheet for the financial year · Provisional or audited
  • Bank statements (all accounts)
  • Complete bank statements for the FY · PDF
  • TDS challans and return acknowledgements
  • For TDS compliance verification in Form 3CD
  • Asset register / depreciation schedule
  • For Block of Assets computation (Form 3CD Clause 18)
  • Loan and borrowing details
  • All loans taken/given during the year for Form 3CD disclosure

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Overview - income tax audit section 44ab Registration

What is it?

Tax Audit under Section 44AB of the Income Tax Act is a mandatory audit of books of accounts conducted by a Chartered Accountant for businesses with turnover exceeding ₹1 crore (₹10 crore for digital/banking transactions) and professionals with gross receipts exceeding ₹50 lakh. The CA reports findings in Form 3CA/3CB and Form 3CD.

Governed by

Income Tax Act, 1961 (Section 44AB) · ICAI Standards on Auditing · Form 3CA (if accounts also audited under other law), Form 3CB (not audited otherwise), Form 3CD (detailed report) · Due date: 30th September (now typically extended to 31st October).

Minimum requirements

Books of accounts maintained for the financial year · Business turnover > ₹1 crore or professional receipts > ₹50 lakh (or business opting out of presumptive scheme) · Appointment of CA as tax auditor · Complete financial statements.

What you receive

Signed Form 3CB (Audit Report) + Form 3CD (Statement of Particulars) filed on income tax portal · CA's audit observations and recommendations · Tax audit report acknowledgement · Recommendations for tax compliance improvement.

Benefits - Benefits of Company Registration Online Using Lawxygen

Who Usually Requires This?

The Income Tax Audit (Section 44AB) solution matches perfectly with these profiles:

  • Profile
  • Why It Applies
  • Businesses with turnover above ₹1 crore
  • Any business (individual, firm, company, LLP) with annual turnover exceeding ₹1 crore must get accounts audited under Section 44AB - with the higher ₹10 crore limit applicable only if 95%+ of transactions are digital.
  • Professionals with gross receipts above ₹50 lakh
  • Doctors, lawyers, CAs, engineers, architects, and other professionals with gross receipts exceeding ₹50 lakh must conduct tax audit under Section 44ADA.
  • Businesses opting out of presumptive scheme
  • 6% of turnover, it must conduct a tax audit - regardless of turnover.
  • Businesses with losses (below 8% of turnover)
  • A business declaring losses or profit below 8% (6% for digital) of turnover and with income above basic exemption must conduct tax audit.

How It Works

Execution is straightforward. Hand over the details and relax.

Consultation Request

Drop your inquiry.

Data Preparation

Our agents format the forms via robust checks.

Execution

Final approvals fetched from the regulating authorities.

Expected Additional Levies

  • Filing Fees to Government
  • E-Stamp Duties according to state norms
  • Processing Levies based on capital limits

Core Advantages to Remember

Avoid Penalties

Better Market Position

Standardized Documentation

FAQ's