Tax Audit That Prevents Penalties & Adds Strategic Value
In a Better Regulated Global Financial Environment
If your business crosses the specified turnover limits or you’re covered under presumptive taxation opt-outs, tax audit under Section 44AB becomes mandatory. But a rushed or inaccurate audit can trigger scrutiny, delays, or hefty penalties.
At CA Lekshmi & Associates, we provide comprehensive, well-documented, and ICAI-compliant tax audit services. Our audit scope extends beyond paperwork—we identify reporting inconsistencies, optimize tax positions, and help you stay ahead of regulatory changes.
📌 Timely tax audit isn’t just compliance—it’s risk mitigation, tax strategy, and peace of mind.
What Our Tax Audit Covers
Audit Planning & Turnover Verification – Sales, receipts, accounting method & books
Form 3CA/3CB & 3CD Reporting – Full coverage of disclosures as per IT Act
Expense Review & Section 40/43B Compliance – Identification of disallowances, TDS lapses, and provisions
GST & TDS Reconciliation – Cross-verification of indirect and direct tax data
Filing & Submission to ITD – Timely upload of reports and backup filing
🧷 Includes review of CARO applicability, partner remuneration, presumptive taxes, and depreciation.
Tax Clarity That’s Always On Time
Turnover verified and reported under audit scope
Tax audits completed with zero compliance failures
Client Impact
“We used to get flagged during IT scrutiny every year. After Lekshmi’s team took over, our reports are tight, timely, and we’ve had zero follow-ups from the department.”
— Shruthi K., Managing Partner, Architecture Firm
Why Timely Tax Audit Matters
Avoid Penalties
Missing deadlines can trigger ₹1.5L+ in penalties and compliance scrutiny.
Boost Investor Confidence
Clear tax audit reports help startups and SMEs maintain credibility during funding rounds.
Prevent Disallowances
Identify expenses that could lead to tax additions or denial of deductions.
Align with GST/TDS
Ensure your direct tax data matches other government filings.
Tax Audit FAQs
Common questions about income tax, compliance, and litigation support in India.
When is tax audit required?
It’s mandatory under Section 44AB if turnover/professional receipts exceed threshold or certain tax schemes are opted out of.
What’s the penalty for late tax audit filing?
₹1.5 lakh or 0.5% of turnover—whichever is lower.
Do I need both tax audit and statutory audit?
Yes, if applicable under respective laws. They serve different purposes.
Is TDS reconciliation part of the audit?
Yes, we check TDS deduction, payment, and matching with expense entries.
