Businesses above the prescribed turnover must have their accounts audited and file a tax audit report. The firm prepares the schedules and supporting records that the tax auditor needs.
Note: The tax audit report itself must be issued by a Chartered Accountant. The firm does not sign tax audit reports.
Scope of service
- Clause-wise data for the tax audit report
- Depreciation schedules under the Income-tax Act
- Payments to related parties and specified persons
- TDS compliance schedules
Regulatory framework
- Income-tax Act, 2025 provisions on audit of accounts (section 44AB of the 1961 Act)
Typical professional activities
- Records review
- Schedule preparation
- Coordination with the tax auditor
Applicable industries
- Manufacturing
- Automobile & Auto Components
- Engineering
- IT & Software
- Pharmaceuticals
- Infrastructure
- Sugar & Agro Industries
- Trading & Distribution
- Service Industries
- Startups & Growing Businesses
Relevant articles and resources
The information on this page describes the nature of the service. It is not advice on any specific matter. See the disclaimer.