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Bizotic Supervision Private Limited
Service background

Tax Audit

Experience a seamless, hassle-free & timely registration with our expert consultants.

  • Our in-house team handles over 50 types of business licenses.
  • We provide end-to-end services across India.
  • Ensuring smooth and continuous adherence to all legal requirements.
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Free Consultation by Expert

Benefits of Tax Audit

Benefits of Tax Audit

  • Regulatory Compliance: Ensures accurate reporting of income and compliance with Section 44AB.
  • Avoidance of Penalties: Timely audit helps avoid heavy penalties under the Income Tax Act.
  • Improved Financial Control: Identifies gaps and strengthens internal financial systems.
  • Tax Planning: Provides opportunities to optimize tax liability legally.
  • Credibility: Enhances business credibility with lenders, investors, and authorities.

Applicability

Tax Audit is mandatory under Section 44AB if:

  • Business turnover exceeds Rs. 1 crore (or Rs. 10 crore if digital transactions exceed 95%)
  • Professional receipts exceed Rs. 50 lakhs in a financial year
  • Presumptive income scheme assessees (under Section 44AD/44ADA/44AE) who declare lower income than prescribed and whose income exceeds the taxable limit
Tax Audit Applicability

Audit Process

1

Initial Consultation

Evaluate applicability and determine audit scope based on turnover or nature of business.

2

Document Review & Analysis

Examine books of accounts, tax filings, and other financial records.

3

Audit Report Preparation

Prepare Form 3CA/3CB and Form 3CD as per Income Tax Act guidelines.

4

Submission to Authorities

File the audit report electronically before the due date.

Documents Required

  • Financial Statements (Balance Sheet, Profit & Loss Account)
  • Ledger accounts and trial balance
  • Books of accounts and vouchers
  • Details of TDS/TCS returns
  • GST returns and reconciliation
  • Previous year's audit reports
  • Details of loans, advances, and related party transactions
Documents Required
What You Get

What You'll Get

  • Duly certified Tax Audit Report (Form 3CA/3CB and 3CD)
  • Summary of tax findings and suggestions
  • Filing confirmation with acknowledgment
  • Expert guidance for tax planning and compliance
Get Started with Tax Audit

Frequently Asked Questions

Common questions about Tax Audit

An audit of books of accounts conducted by a CA under Section 44AB of the Income Tax Act, 1961, to ensure accurate income reporting and tax compliance.

Client Testimonials

“Words from happy clients who chose us with confidence”

G

Google Customer Rating

4.8 ★★★★★

J

Justdial Customer Rating

4.8 ★★★★★

Rajesh Sharma

★★★★★

Founder, RS Enterprises

Bizotic Supervision Private Limited made our GST registration process incredibly smooth. Their team handled everything from documentation to filing, saving us weeks of effort. Highly recommended for any startup!

Priya Mehta

★★★★★

Director, Mehta Foods Pvt. Ltd.

We needed FSSAI licensing urgently and Bizotic Supervision Private Limited delivered within the promised timeline. Their expertise in food business compliance is exceptional. Our go-to partner for all registrations.

Amit Gupta

★★★★★

CEO, Gupta Trading Co.

From company incorporation to annual ITR filing, Bizotic Supervision Private Limited has been our trusted partner for 3 years. Their pricing is transparent and service quality is consistently excellent.

We Are The Best Consulting Company For Your Business!

Contact Us Today

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Our Clients

Trusted by leading brands and growing businesses across India.

Futurz
Clovia
Malabar Gold
Olivia
Zomato
Next Office
Ambrain Capital
Yospace
Exordior
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