Trusted Corporate Consultancy across India
Audit & Assurance

Tax Audit

Last updated: August 2026 · Reviewed by the Ravel Corporate Advisors team

Once your turnover crosses the Section 44AB threshold, a tax audit is mandatory — and the penalties for missing it are real. We complete accurate, on-time tax audits for businesses and professionals.

Key takeaways

  • Mandatory once turnover/receipts cross the 44AB limits.
  • Report generally due by 30 September each year.
  • Missing it can cost 0.5% of turnover (up to ₹1.5 lakh).
  • We can maintain your books and audit them seamlessly.

When a tax audit applies

  • Business turnover above ₹1 crore (or ₹10 crore where cash receipts & payments are within 5%).
  • Professional receipts above ₹50 lakh.
  • Those under presumptive taxation declaring profits below the deemed rate.

What the audit involves

  • Examination of your books and supporting records.
  • Verification of turnover, purchases, expenses and stock.
  • Reporting in Form 3CA/3CB and 3CD as applicable.
  • Reconciliation with GST and TDS data.
  • Filing of the audit report before the income tax return.

Our process

  1. Applicability check — we confirm whether 44AB applies.
  2. Records review — books and documents examined.
  3. Audit & report — Form 3CD prepared accurately.
  4. Filing — report filed, followed by your income tax return.
Want it painless next year? Combine tax audit with year-round accounting so your books are always audit-ready.
FAQs

Tax Audit — your questions answered

Businesses with turnover above ₹1 crore (₹10 crore where cash transactions are within 5%), professionals with receipts above ₹50 lakh, and certain presumptive-tax cases.

The tax audit report is generally due by 30 September, ahead of the income tax return due date for audited cases.

A penalty of 0.5% of turnover, up to ₹1,50,000. Timely audit avoids this.

Yes. We can maintain your books through the year and complete the tax audit and return filing seamlessly.

Complete your tax audit

Share your turnover details and we’ll confirm applicability and complete your audit on time.

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