Tax Audit Report
Typically 30 September of the assessment year for Form 3CA/3CB + 3CD. CBDT may extend — always check the latest circular.
TAX AUDIT SERVICES
Tax Audit Services Registration
Mandatory tax audit for businesses and professionals above prescribed turnover/receipt thresholds. Books verification, Form 3CA or 3CB, Form 3CD (44 clauses), GST reconciliation and e-filing support. 7–15 working days. We assist with preparation and coordination — the audit opinion is issued by an independently appointed qualified professional.
DedicatedExpert Assistance
30 SepAudit Report (Typical)
31 OctITR (Audit Cases)
BEFORE THE DEADLINE
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SAMPLE
Tax Filing / TAN Certificate
Income Tax Department — sample acknowledgement / certificate
Illustrative sample. Your official certificate is issued after approval.
01
Section 44AB
Mandatory examination of books by a qualified professional when thresholds are crossed
02
₹1 Cr / ₹10 Cr / ₹50 L
Business turnover, cash ≤5% higher limit, and professional receipts thresholds
03
3CA/3CB + 3CD
Audit report plus statement of particulars (44 clauses) filed on the IT portal
04
Section 271B Penalty
0.5% of turnover or ₹1,50,000 (whichever is lower) for failure to get accounts audited
OVERVIEW
What Is Tax Audit Under Section 44AB?
Tax audit is a mandatory examination of books of account by an independently appointed qualified professional under Section 44AB of the Income Tax Act, 1961. It verifies that financial records accurately reflect income, deductions and tax liability for businesses and professionals above specified thresholds.
The auditor prepares Form 3CA or 3CB (audit report) and Form 3CD (statement of particulars with 44 clauses). The report is e-filed on the Income Tax portal. Corporate Mart provides preparation, reconciliation, coordination and filing assistance — the audit opinion itself is issued by the professional you appoint. We do not act as your tax auditor.
Governing Law
Section 44AB · Income Tax Act
Report Due (Typical)
30 September of AY
ITR (Audit Cases)
31 October of AY
Forms
3CA or 3CB + 3CD
WHO NEEDS IT
Applicability & Thresholds
| Category | Threshold | Form |
|---|---|---|
| Business (general) | Turnover > ₹1 crore | 3CB + 3CD |
| Business (cash ≤ 5%) | Turnover > ₹10 crore | 3CB + 3CD |
| Professionals | Gross receipts > ₹50 lakh | 3CB + 3CD |
| Company (already audited) | When 44AB applies | 3CA + 3CD |
| Presumptive (44AD / 44ADA) | Profit below prescribed % + income above exemption | 3CB + 3CD |
The ₹10 crore limit applies only if cash receipts and cash payments each do not exceed 5% of total receipts and total payments. Even a small excess brings the threshold back to ₹1 crore.
DUE DATE
Deadlines (Confirm Latest CBDT Notification)
ITR for Audit Cases
Typically 31 October of the assessment year. Late filing attracts Section 234F fee and can affect loss carry-forward.
Transfer Pricing (If Any)
Form 3CEB often due by 31 October where applicable. Separate from the main 44AB report.
Extensions
CBDT sometimes extends deadlines via notification. Confirm current dates on incometaxindia.gov.in for your assessment year.
FORMS
3CA, 3CB and 3CD
Form 3CA
Used when the entity is already required to get its accounts audited under another law (e.g. Companies Act, LLP Act).
Form 3CB
Used when the entity is not required to get accounts audited under any other law — typical for many proprietors and firms.
Form 3CD
Statement of particulars with 44 clauses covering depreciation, TDS, 43B, related parties, GST reconciliation (Clause 44) and more.
Who Signs
An independently appointed qualified professional in practice. Corporate Mart prepares and coordinates — we do not sign the audit opinion.
PROCESS
How We Support Your Tax Audit
1. Books Verification
Review books of account, ledgers and supporting documents for completeness and consistency.
2. Form 3CD Compilation
Compile all 44 clauses — TDS, depreciation, 43B, related party, GST (Clause 44) and tax computation checks.
3. 3CA / 3CB Preparation
Prepare the audit report form appropriate to whether accounts are already audited under another law.
4. Auditor Coordination
Work with the independently appointed professional for review, sign-off and document readiness.
5. E-Filing Support
Support upload on the Income Tax portal and share confirmation so ITR can follow by the audit-case due date.
PENALTIES
Cost of Non-Compliance
| Default | Consequence (Indicative) |
|---|---|
| Failure to get accounts audited (Section 271B) | 0.5% of total sales/turnover/gross receipts, or ₹1,50,000 — whichever is lower |
| Late ITR (audit cases) | Section 234F late fee (e.g. ₹5,000); possible impact on loss carry-forward |
| Incorrect particulars | Scrutiny risk; possible additions and interest under the Act |
WHY CHOOSE US
Why Corporate Mart for Tax Audit Support?
Full 3CD Coverage
All 44 clauses compiled — TDS, depreciation, 43B, related party and GST Clause 44 — so the report is complete.
Clear Role Split
We prepare and coordinate. An independently appointed professional signs the opinion — as required by law.
Before the Deadline
Work planned so the report is ready well before the typical 30 September / 31 October cycle.
GST & TDS Reconciled
Clause 44 and TDS/26AS checks reduce mismatches that delay filing or trigger notices.
Books → 3CD → 3CA/3CB → Auditor Sign-Off → E-File
FAQ
Frequently Asked Questions
Businesses with turnover above ₹1 crore (or ₹10 crore if cash receipts and payments each ≤ 5%), professionals with gross receipts above ₹50 lakh, and certain presumptive taxpayers who declare profit below the prescribed percentage.
Typically 30 September of the assessment year. The ITR for audit cases is typically due by 31 October. CBDT may extend these dates — always confirm the latest notification.
3CA is used when accounts are already audited under another law (e.g. Companies Act). 3CB is used when there is no such requirement. Both are filed with Form 3CD.
The statement of particulars with 44 clauses covering depreciation, TDS, Section 43B, related parties, GST reconciliation (Clause 44) and other particulars required for the tax audit.
0.5% of total sales, turnover or gross receipts, or ₹1,50,000 — whichever is lower — for failure to get accounts audited as required under Section 44AB.
No. We provide preparation, reconciliation and coordination support. The audit opinion is issued by an independently appointed qualified professional in practice.
No. Statutory audit (Companies Act) focuses on true and fair view of financial statements. Tax audit (Section 44AB) focuses on income tax compliance. Companies may need both; Form 3CA is used when statutory audit already exists.
Books of account, financial statements, TDS returns and 26AS, GST returns and reconciliations, fixed asset register, loan details, related party information and tax computation workings.
