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Tax Audit Services (Sec 44AB of Income Tax Act)
Ensuring statutory compliance with precision, while strengthening your financial integrity.
Why It Matters
Every business above prescribed turnover or gross receipts is required to undergo a Tax Audit under Section 44AB. A Tax Audit is not just a compliance exercise but a critical financial health check that:
- Ensures accuracy of income reporting
- Validates deductions, depreciation, and exemptions
- Detects errors and prevents future scrutiny or penalties
- Strengthens credibility with stakeholders, investors, and lenders
Non-compliance can result in:
- Penalties under Section 271B (?1,50,000 or 0.5% of turnover)
- Increased risk of income tax scrutiny
- Reputational risk and compliance gaps
Our Services
Tax Audit as per Section 44AB
- Comprehensive audit of books of accounts
- Verification of sales, purchases, expenses & income reporting
- Review of depreciation, deductions, TDS, GST reconciliations
Form 3CA/3CB & Form 3CD Filing
- Preparation and e-filing of mandatory Tax Audit Reports
- Detailed clause-by-clause reporting in Form 3CD
- Certification by experienced Chartered Accountants
Advisory & Risk Management
- Identification of potential risks, disallowances & compliance gaps
- Suggest corrective measures to reduce future tax liabilities
- Advisory on proper accounting & record-keeping practices
Sector-Specific Expertise
- Specialized audit procedures for manufacturing, services, traders, IT, startups, NGOs, etc.
- Support for businesses opting under presumptive taxation (44AD/44ADA/44AE)
Representation before Tax Authorities
- Responding to tax queries and scrutiny related to audits
- Defending positions with strong documentation & audit trails
Why Choose FinnovateAI?
- CA-Led Audit Team - Qualified professionals with deep tax audit experience
- Compliance + Advisory Approach - Not just ticking boxes, but adding business insights
- Accuracy & Timeliness - On-time delivery, ensuring zero last-minute penalties
- Digital-First Process - Paperless, streamlined, and error-free audits
- Industry-Wide Experience - Trusted by SMEs, corporates, startups, and professionals alike
Our Process
- Pre-Audit Assessment - Review financial statements, books & ledgers
- Detailed Audit - Verification of accounting, tax records & deductions
- Preparation of Audit Reports - Form 3CA/3CB & Form 3CD drafting
- E-Filing & Certification - Uploading reports with Income Tax Dept. portal
- Post-Audit Advisory - Recommendations for future tax planning & compliance
Who Needs It?
- Businesses with turnover exceeding prescribed limits
- Professionals with gross receipts above threshold limits
- Startups & SMEs scaling beyond presumptive taxation limits
- Companies under statutory audit requiring dual compliance
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