{"id":13472,"date":"2026-05-25T07:22:08","date_gmt":"2026-05-25T07:22:08","guid":{"rendered":"https:\/\/finomitra.com\/?page_id=13472"},"modified":"2026-06-02T07:29:40","modified_gmt":"2026-06-02T07:29:40","slug":"tax-audit","status":"publish","type":"page","link":"https:\/\/finomitra.com\/index.php\/tax-audit\/","title":{"rendered":"Tax Audit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13472\" class=\"elementor elementor-13472\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d12cdb8 e-flex e-con-boxed e-con e-parent\" data-id=\"d12cdb8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[{&quot;id&quot;:7679,&quot;url&quot;:&quot;https:\\\/\\\/finomitra.com\\\/wp-content\\\/uploads\\\/2025\\\/11\\\/blog-08.jpg&quot;}],&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-bb094ed e-con-full e-flex e-con e-child\" data-id=\"bb094ed\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-9bea65f e-con-full e-flex e-con e-child\" data-id=\"9bea65f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cfb31fa elementor-widget elementor-widget-heading\" data-id=\"cfb31fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h2 class=\"elementor-heading-title elementor-size-default\">Tax Audit<\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t\n<hr class=\"e-0e68114-f87c7dc e-divider-base\" data-interaction-id=\"0e68114\"   \/>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f5d4f8 elementor-widget elementor-widget-text-editor\" data-id=\"7f5d4f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Navigating tax audits can feel daunting, but Finomitra makes it seamless and stress-free. Our expert tax audit professionals, including certified Chartered Accountants, ensure your financial records comply with the Income Tax Act, 1961, avoiding penalties and boosting credibility.<\/p><p>Since 2019, we\u2019ve helped thousands of businesses with income tax audits, offering tailored solutions for all sizes. Searching for income tax auditors near me? Click &#8220;Get Started&#8221; to secure your audit and stay compliant!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-95f4b58 e-con-full e-flex e-con e-child\" data-id=\"95f4b58\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b30ed90 e-con e-atomic-element e-div-block-base e-b30ed90-e9c3a67\" data-id=\"b30ed90\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"b30ed90\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d2b2df5 elementor-widget elementor-widget-pgsel_cf7-form\" data-id=\"d2b2df5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pgsel_cf7-form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"pgsel_cf7-form_wrapper\">\n\t<div class=\"custom-form-widget form-border-bottom button-type-default\">\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f1424-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"1424\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/index.php\/wp-json\/wp\/v2\/pages\/13472#wpcf7-f1424-o1\" method=\"post\" class=\"wpcf7-form init pgsel-contact-form\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"1424\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.6\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f1424-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<\/fieldset>\n<div class=\"row\">\n\t<div class=\"col-md-6\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"first-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" autocomplete=\"firstname\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"First Name*\" value=\"\" type=\"text\" name=\"first-name\" \/><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"col-md-6\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"tel-865\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-tel wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-tel\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone*\" value=\"\" type=\"tel\" name=\"tel-865\" \/><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"col-md-12\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" autocomplete=\"email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email*\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"col-md-12\">\n\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-message\"><textarea cols=\"10\" rows=\"4\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea\" aria-invalid=\"false\" placeholder=\"Write Message\" name=\"your-message\"><\/textarea><\/span>\n\t\t<\/p>\n\t<\/div>\n\t<div class=\"col-md-12\">\n\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Send Message\" \/>\n\t\t<\/p>\n\t<\/div>\n<\/div><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"119\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4852e59 e-con-full e-flex e-con e-parent\" data-id=\"4852e59\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f5dd5f0 e-con e-atomic-element e-div-block-base e-f5dd5f0-fe2a0d8\" data-id=\"f5dd5f0\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"f5dd5f0\">\n\t\t<div class=\"elementor-element elementor-element-ad33001 e-con-full e-flex e-con e-parent\" data-id=\"ad33001\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf6f123 e-con e-atomic-element e-div-block-base e-cf6f123-1975cb0\" data-id=\"cf6f123\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"cf6f123\">\n\t\t<div class=\"elementor-element elementor-element-d6bbea5 e-con-full e-flex e-con e-parent\" data-id=\"d6bbea5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ba08905 e-con e-atomic-element e-div-block-base e-ba08905-85b58fa\" data-id=\"ba08905\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"ba08905\">\n\t\t<div class=\"elementor-element elementor-element-ec8d2c9 e-con-full e-flex e-con e-parent\" data-id=\"ec8d2c9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-631b2f6 e-con e-atomic-element e-div-block-base e-631b2f6-f043079\" data-id=\"631b2f6\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"631b2f6\">\n\t\t<div class=\"elementor-element elementor-element-82385c1 e-con-full e-flex e-con e-parent\" data-id=\"82385c1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b9f106c e-con e-atomic-element e-div-block-base e-b9f106c-7879162\" data-id=\"b9f106c\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"b9f106c\">\n\t\t<div class=\"elementor-element elementor-element-fc75119 e-flex e-con-boxed e-con e-parent\" data-id=\"fc75119\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3619262 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"3619262\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d84e0dc elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d84e0dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-effect-1\">\t\t\t\t<div class=\"elementor-heading-subtitle\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-heading-subtitle-text\">Process steps<\/span>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Strategic financial planning for long-term success<\/h2><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04a7590 elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget-mobile__width-inherit animated-slow elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"04a7590\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Our process is built on clarity and collaboration, guiding every step from strategy to execution to ensure efficient, impactful, and lasting financial solutions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b913f91 e-grid e-con-full e-con e-child\" data-id=\"b913f91\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-7f13de7 e-con-full bg-blur e-flex elementor-invisible e-con e-child\" data-id=\"7f13de7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:100,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c82a89f elementor-widget elementor-widget-heading\" data-id=\"c82a89f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h6 class=\"elementor-heading-title elementor-size-default\">Expert-Led Audit Process<\/h6><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-97ad15a elementor-widget elementor-widget-text-editor\" data-id=\"97ad15a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Chartered Accountants and tax audit professionals ensure your accounts meet all compliance requirements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-86aea36 e-con-full bg-blur e-flex elementor-invisible e-con e-child\" data-id=\"86aea36\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:300,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7afbeea elementor-widget elementor-widget-heading\" data-id=\"7afbeea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h6 class=\"elementor-heading-title elementor-size-default\">Error-Free Compliance<\/h6><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2b2484 elementor-widget elementor-widget-text-editor\" data-id=\"d2b2484\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Identify and correct discrepancies early to avoid penalties and keep your business tax-ready.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-10a07e7 e-con-full bg-blur e-flex elementor-invisible e-con e-child\" data-id=\"10a07e7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:500,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6c9e1c5 elementor-widget elementor-widget-heading\" data-id=\"6c9e1c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h6 class=\"elementor-heading-title elementor-size-default\">Transparent Reporting<\/h6><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19186e7 elementor-widget elementor-widget-text-editor\" data-id=\"19186e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Clear, structured reports that simplify complex audit findings for easy understanding<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5a1b189 e-con-full bg-blur e-flex elementor-invisible e-con e-child\" data-id=\"5a1b189\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:700,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2816fa1 elementor-widget elementor-widget-heading\" data-id=\"2816fa1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h6 class=\"elementor-heading-title elementor-size-default\">Local Expertise, Nationwide Reach<\/h6><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d20158 elementor-widget elementor-widget-text-editor\" data-id=\"8d20158\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Access trusted income tax auditors near you, with reliable support across India.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8da4189 e-flex e-con-boxed e-con e-parent\" data-id=\"8da4189\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d70f56 e-con e-atomic-element e-div-block-base\" data-id=\"2d70f56\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"2d70f56\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0fe044b e-con e-atomic-element e-div-block-base e-0fe044b-d09301a\" data-id=\"0fe044b\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"0fe044b\">\n\t\t\t\t<div class=\"elementor-element elementor-element-94c5fed elementor-widget elementor-widget-heading\" data-id=\"94c5fed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h3 class=\"elementor-heading-title elementor-size-default\">Tax Audit \u2013 An Overview<\/h3><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81f8b58 e-con e-atomic-element e-div-block-base\" data-id=\"81f8b58\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"81f8b58\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f7fe79 elementor-widget elementor-widget-text-editor\" data-id=\"9f7fe79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"service-details section-spacing\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-xl-12 col-lg-12 col-12\">\n<div class=\"service-content\">\n\nA tax audit is the process of checking a taxpayer\u2019s books of accounts to ensure they match the rules of the Income Tax Act, 1961. It is a mandatory compliance for certain businesses and professionals. A tax audit professional or Chartered Accountant conducts the verification as per Section 44AB.\n<h5 style=\"color: #041e42;\">Applicability of Tax Audit<\/h5>\nYou need to undergo an income tax audit if:\n<ul class=\"mb-4\">\n \t<li>Business turnover exceeds \u20b910 crore in a financial year.<\/li>\n \t<li>Professional income exceeds \u20b950 lakh in a financial year.<\/li>\n<\/ul>\nIf these limits are crossed, an audit of income tax becomes compulsory.\n<div class=\"row\">\n<div class=\"col-xl-12 col-lg-12 col-12\">\n<h5 style=\"color: #041e42;\">Objectives of a Tax Audit<\/h5>\nThe main goals of a tax audit include:\n<ul class=\"mb-4\">\n \t<li>Ensuring books of accounts are maintained properly and verified by an auditor.<\/li>\n \t<li>Highlighting any errors, discrepancies, or irregularities in financial records.<\/li>\n \t<li>Preparing audit reports in prescribed formats (Form 3CA\/3CB and 3CD).<\/li>\n \t<li>Confirming income, expenses, and deductions are correctly reported.<\/li>\n \t<li>Adding credibility for investors, lenders, employees, and tax authorities.<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Why Tax Audit is Important<\/h5>\n<ul class=\"mb-4\">\n \t<li>Helps businesses stay compliant with the Income Tax Act.<\/li>\n \t<li>Builds confidence among stakeholders with verified financial data.<\/li>\n \t<li>Assists in accurate tax filing and prevents penalties.<\/li>\n \t<li>Ensures smooth handling of deductions and claims.<\/li>\n \t<li>Offers financial insights that can support better planning.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9240fc9 e-flex e-con-boxed e-con e-parent\" data-id=\"9240fc9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5cd5e06 e-con e-atomic-element e-div-block-base\" data-id=\"5cd5e06\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"5cd5e06\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3f8d9a3 e-con e-atomic-element e-div-block-base e-3f8d9a3-88b5b6e\" data-id=\"3f8d9a3\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"3f8d9a3\">\n\t\t\t\t<div class=\"elementor-element elementor-element-173a5a6 elementor-widget elementor-widget-heading\" data-id=\"173a5a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h3 class=\"elementor-heading-title elementor-size-default\">Types of Tax Audit<\/h3><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5db54b1 e-con e-atomic-element e-div-block-base e-5db54b1-2889496\" data-id=\"5db54b1\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"5db54b1\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c032dc5 elementor-widget elementor-widget-text-editor\" data-id=\"c032dc5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tA tax audit checks whether your financial records match your filed returns. Income tax auditors may conduct different types of audits depending on the case:\n<ol class=\"mb-4\">\n \t<li><strong>Field Audit<\/strong>\u00a0\u2013 Done at the taxpayer\u2019s workplace or office. You\u2019ll need to provide all relevant documents directly to the auditor.<\/li>\n \t<li><strong>Office Audit<\/strong>\u00a0\u2013 Conducted at the Income Tax Department\u2019s office. Taxpayers are asked to bring specific records, and the requirements are usually mentioned in a notice.<\/li>\n \t<li><strong>Correspondence Audit<\/strong>\u00a0\u2013 Managed through letters or emails. The tax department requests additional or missing documents, which can be sent by post or online.<\/li>\n<\/ol>\n<h5 style=\"color: #041e42;\">Accounts Covered Under Tax Audit<\/h5>\nAn income tax audit applies to different types of accounts, depending on the structure of the business or entity:\n<ul class=\"mb-4\">\n \t<li>Individual \/ Sole Proprietorship<\/li>\n \t<li>Hindu Undivided Family (HUF)<\/li>\n \t<li>Company (Private or Public)<\/li>\n \t<li>Partnership Firm<\/li>\n \t<li>Association of Persons (AOP)<\/li>\n \t<li>Local Authority<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Quick Comparison Table<\/h5>\n<div class=\"table-responsive\">\n<table class=\"table table-bordered table-striped\">\n<thead class=\"table-light\">\n<tr>\n<th width=\"30%\">Type of Audit<\/th>\n<th width=\"35%\">Where It Happens<\/th>\n<th width=\"35%\">What\u2019s Required<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Field Audit<\/td>\n<td>Taxpayer\u2019s workplace<\/td>\n<td>Provide records directly to auditor<\/td>\n<\/tr>\n<tr>\n<td>Office Audit<\/td>\n<td>Tax Department office<\/td>\n<td>Carry documents as listed in notice<\/td>\n<\/tr>\n<tr>\n<td>Correspondence Audit<\/td>\n<td>By post or online<\/td>\n<td>Send missing or clarifying documents<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-298f0ea e-flex e-con-boxed e-con e-parent\" data-id=\"298f0ea\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e0321b7 e-con e-atomic-element e-div-block-base\" data-id=\"e0321b7\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"e0321b7\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5e8c9b6 e-con e-atomic-element e-div-block-base e-5e8c9b6-16f7ef8\" data-id=\"5e8c9b6\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"5e8c9b6\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e78700b elementor-widget elementor-widget-heading\" data-id=\"e78700b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h3 class=\"elementor-heading-title elementor-size-default\">Essential Documents Required for Tax Audit<\/h3><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd71daf e-con e-atomic-element e-div-block-base\" data-id=\"fd71daf\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"fd71daf\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1c5261e elementor-widget elementor-widget-text-editor\" data-id=\"1c5261e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tA tax audit involves checking your books, financial statements, and tax details to ensure compliance with the Income Tax Act. To make the audit of income tax smooth and hassle-free, taxpayers must keep the following key documents ready:\n<div class=\"row\">\n<div class=\"col-xl-12 col-lg-12 col-12\">\n<h5 style=\"color: #041e42;\">Basic Information<\/h5>\n<ul class=\"mb-4\">\n \t<li>Name and address proof of the assessee<\/li>\n \t<li>PAN and Aadhaar details<\/li>\n \t<li>GST registration certificate (if applicable)<\/li>\n \t<li>Status of assessee under section 2(31) of the Income Tax Act<\/li>\n \t<li>Previous year and assessment year details<\/li>\n \t<li>Applicable clause under section 44AB<\/li>\n \t<li>Nature of business and details of any changes<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Business &amp; Taxation Records<\/h5>\n<ul class=\"mb-4\">\n \t<li>Books of accounts as per section 44AA<\/li>\n \t<li>Profit and Loss statements (including presumptive taxation cases under 44AD, 44ADA, 44AE, etc.)<\/li>\n \t<li>Method of accounting and any changes made<\/li>\n \t<li>Valuation of closing stock<\/li>\n \t<li>Particulars of capital assets converted into stock, if any<\/li>\n \t<li>Depreciation schedule and related calculations<\/li>\n \t<li>Amounts admissible under sections 32, 33, and 35<\/li>\n \t<li>Payments made to employees, along with TDS details<\/li>\n \t<li>Adjustments required under ICDS u\/s 145(2)<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Financial Transactions<\/h5>\n<ul class=\"mb-4\">\n \t<li>Details of loans, deposits, and confirmations<\/li>\n \t<li>Transactions covered under section 40A(2)(b)<\/li>\n \t<li>Disallowances under section 43B<\/li>\n \t<li>Interest payable under MSME Act, 2006<\/li>\n \t<li>Brought forward losses and depreciation<\/li>\n \t<li>Tax distributions on profit<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Supporting Documents<\/h5>\n<ul class=\"mb-4\">\n \t<li>Management representation letter<\/li>\n \t<li>Appointment letter defining audit scope<\/li>\n \t<li>List of related parties and transactions<\/li>\n \t<li>Trial balance and signed financial statements<\/li>\n \t<li>Bank balance confirmations and statements<\/li>\n \t<li>Details of sundry debtors and creditors<\/li>\n \t<li>Valuation of inventories with inflow\/outflow records<\/li>\n \t<li>Sample purchase and sales invoices<\/li>\n \t<li>Analytical ratio analysis and notes on accounting policies<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Quick Reference Table<\/h5>\n<div class=\"table-responsive\">\n<table class=\"table table-bordered table-striped\">\n<thead class=\"table-light\">\n<tr>\n<th width=\"40%\">Document Category<\/th>\n<th width=\"60%\">Examples Included<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Basic Information<\/td>\n<td>PAN, Aadhaar, Address Proof, GST Registration<\/td>\n<\/tr>\n<tr>\n<td>Business &amp; Tax Records<\/td>\n<td>Books of Accounts, P&amp;L Statements, Depreciation, Stock Value<\/td>\n<\/tr>\n<tr>\n<td>Financial Transactions<\/td>\n<td>Loans, Deposits, 43B Adjustments, TDS, MSME Interest<\/td>\n<\/tr>\n<tr>\n<td>Supporting Documents<\/td>\n<td>Audit Appointment Letter, Bank Confirmations, Invoices<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2b8857c e-flex e-con-boxed e-con e-parent\" data-id=\"2b8857c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3ee818d e-con e-atomic-element e-div-block-base\" data-id=\"3ee818d\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"3ee818d\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1278a45 e-con e-atomic-element e-div-block-base e-1278a45-74a85bd\" data-id=\"1278a45\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"1278a45\">\n\t\t\t\t<div class=\"elementor-element elementor-element-78a6d64 elementor-widget elementor-widget-heading\" data-id=\"78a6d64\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h3 class=\"elementor-heading-title elementor-size-default\">Procedure of Tax Audit<\/h3><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0d25b7 e-con e-atomic-element e-div-block-base\" data-id=\"e0d25b7\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"e0d25b7\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2b1132b elementor-widget elementor-widget-text-editor\" data-id=\"2b1132b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\ttax audit is a step-by-step process where a tax audit professional verifies your accounts and prepares a report as per the Income Tax Act. Here\u2019s how the audit of income tax usually works:\n<h5 style=\"color: #041e42;\">Step-by-Step Process<\/h5>\n<ol class=\"mb-4\">\n \t<li><strong>Select a Tax Auditor<\/strong>\u00a0\u2013 The process begins with appointing a Chartered Accountant or qualified income tax auditor. Many businesses search for \u201cincome tax auditors near me\u201d to find local experts.<\/li>\n \t<li><strong>Submit Required Documents<\/strong>\u00a0\u2013 The taxpayer files the relevant form and provides all financial documents to the auditor.<\/li>\n \t<li><strong>Verification of Records<\/strong>\u00a0\u2013 The auditor carefully reviews the accounts, supporting papers, and may request additional details for clarity.<\/li>\n \t<li><strong>Preparation of Audit Report<\/strong>\u00a0\u2013 Once verification is complete, the auditor issues a report in prescribed forms (3CA\/3CB and 3CD), which acts as proof of compliance with income tax laws.<\/li>\n<\/ol>\n<div class=\"row\">\n<div class=\"col-xl-12 col-lg-12 col-12\">\n<h5 style=\"color: #041e42;\">Quick Reference Table<\/h5>\n<div class=\"table-responsive\">\n<table class=\"table table-bordered table-striped\">\n<thead class=\"table-light\">\n<tr>\n<th width=\"40%\">Step<\/th>\n<th width=\"60%\">What Happens<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Selection of Auditor<\/td>\n<td>A Chartered Accountant or tax professional is appointed<\/td>\n<\/tr>\n<tr>\n<td>Submission of Documents<\/td>\n<td>Taxpayer files required forms and submits financial records<\/td>\n<\/tr>\n<tr>\n<td>Verification of Accounts<\/td>\n<td>Auditor reviews books, transactions, and supporting evidence<\/td>\n<\/tr>\n<tr>\n<td>Audit Report Issued<\/td>\n<td>Auditor prepares and submits the official tax audit report<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-xl-12 col-lg-12 col-12\"><\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bdbf4e1 e-flex e-con-boxed e-con e-parent\" data-id=\"bdbf4e1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-284904a e-con e-atomic-element e-div-block-base\" data-id=\"284904a\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"284904a\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5be60c5 e-con e-atomic-element e-div-block-base e-5be60c5-92ff353\" data-id=\"5be60c5\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"5be60c5\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e2e736b elementor-widget elementor-widget-heading\" data-id=\"e2e736b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h3 class=\"elementor-heading-title elementor-size-default\">Presumptive Taxation and Tax Audit Rules<\/h3><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a42d053 e-con e-atomic-element e-div-block-base\" data-id=\"a42d053\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"a42d053\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ad62779 elementor-widget elementor-widget-text-editor\" data-id=\"ad62779\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tA presumptive taxation scheme makes it easy for small businesses and professionals to file returns without maintaining detailed books. Still, it has direct links to the audit of income tax if limits are crossed.\n<div class=\"row\">\n<div class=\"col-xl-12 col-lg-12 col-12\">\n<h5 style=\"color: #041e42;\">Section 44AD \u2013 For Businesses<\/h5>\n<ul class=\"mb-4\">\n \t<li>Applies to businesses with turnover up to \u20b92 crore.<\/li>\n \t<li>No need to maintain regular books of accounts.<\/li>\n \t<li>Income assumed at 8% of turnover (6% if receipts are digital).<\/li>\n \t<li>Once chosen, the scheme must be followed for 5 financial years.<\/li>\n \t<li>ITR-4 is filed under this scheme.<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Section 44ADA \u2013 For Professionals<\/h5>\n<ul class=\"mb-4\">\n \t<li>Applies to doctors, lawyers, architects, and other professionals earning up to \u20b950 lakh.<\/li>\n \t<li>No books of accounts required.<\/li>\n \t<li>Income is assumed at 50% of gross receipts.<\/li>\n \t<li>Must be continued for the next 5 years once opted.<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Tips to Avoid a Tax Audit<\/h5>\n<ul class=\"mb-4\">\n \t<li>Keep your accounts as per the Income Tax Act, 1961.<\/li>\n \t<li>Compute taxable profit or loss correctly.<\/li>\n \t<li>Always report taxable income and allowable losses in ITR.<\/li>\n \t<li>Use digital payments where possible to reduce audit risk.<\/li>\n \t<li>If needed, consult a tax audit professional or search for income tax auditors near me for expert help.<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">What Is Included in Turnover?<\/h5>\n<ul class=\"mb-4\">\n \t<li>Duty drawback from exports<\/li>\n \t<li>Income from money lending or forex gains<\/li>\n \t<li>Advances received and forfeited<\/li>\n \t<li>Excise duty (if applicable)<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">What Is Excluded from Turnover?<\/h5>\n<ul class=\"mb-4\">\n \t<li>Sale of fixed assets<\/li>\n \t<li>Capital gains from investments<\/li>\n \t<li>Rental income from property<\/li>\n \t<li>Interest income and reimbursements<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Tax Audit Report \u2013 Key Forms<\/h5>\nA tax audit report is filed in prescribed forms:\n<ul class=\"mb-4\">\n \t<li><strong>Form 3CA<\/strong>\u00a0\u2013 Used when accounts are already audited under another law.<\/li>\n \t<li><strong>Form 3CB<\/strong>\u00a0\u2013 Used when no other audit is required.\nBoth must be accompanied by Form 3CD, which lists detailed financial information.<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Due Date for Tax Audit<\/h5>\nFor those covered under Section 44AB, the income tax audit report must be filed by 30th September of the relevant assessment year.\n<h5 style=\"color: #041e42;\">Penalty for Non-Compliance<\/h5>\nIf a taxpayer fails to complete a mandatory tax audit, the penalty is:\n<ul class=\"mb-4\">\n \t<li>0.5% of turnover or gross receipts, or<\/li>\n \t<li>\u20b91,50,000, whichever is lower.<\/li>\n<\/ul>\n<h5 style=\"color: #041e42;\">Quick Reference Table<\/h5>\n<div class=\"table-responsive\">\n<table class=\"table table-bordered table-striped\">\n<thead class=\"table-light\">\n<tr>\n<th width=\"15%\">Section<\/th>\n<th width=\"20%\">Eligible Category<\/th>\n<th width=\"25%\">Turnover\/Income Limit<\/th>\n<th width=\"25%\">Presumptive Income %<\/th>\n<th width=\"15%\">Presumptive Income %<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>44AD<\/td>\n<td>Business<\/td>\n<td>Up to \u20b92 crore<\/td>\n<td>8% (6% digital)<\/td>\n<td>ITR-4<\/td>\n<\/tr>\n<tr>\n<td>44ADA<\/td>\n<td>Professionals<\/td>\n<td>Up to \u20b950 lakh<\/td>\n<td>50% of receipts<\/td>\n<td>ITR-4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-10fd9d9 e-flex e-con-boxed e-con e-parent\" data-id=\"10fd9d9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f50c19 e-con e-atomic-element e-div-block-base\" data-id=\"0f50c19\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"0f50c19\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1c6137c e-con e-atomic-element e-div-block-base e-1c6137c-61a7a15\" data-id=\"1c6137c\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"1c6137c\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8798c11 elementor-widget elementor-widget-heading\" data-id=\"8798c11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-none\"><h3 class=\"elementor-heading-title elementor-size-default\">How does Finomitra help its client in Tax Audits?<\/h3><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3bd21a9 e-con e-atomic-element e-div-block-base\" data-id=\"3bd21a9\" data-element_type=\"e-div-block\" data-e-type=\"e-div-block\" data-interaction-id=\"3bd21a9\">\n\t\t\t\t<div class=\"elementor-element elementor-element-681a3f6 elementor-widget elementor-widget-text-editor\" data-id=\"681a3f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tFinomitra has a team of experts and experienced business advisors who will assist and execute the entire Tax Audit. Finomitra helps its client in conducting the Tax Audit by providing services like-\n<div class=\"row\">\n<div class=\"col-xl-12 col-lg-12 col-12\">\n<h5 style=\"color: #041e42;\">Step-by-step<\/h5>\n<ol class=\"mb-4\">\n \t<li>Proper analysis of laws &amp; accounts and addresses all queries about Tax Audit.<\/li>\n \t<li>Preparation of proper Documents &amp; analysis of reports &amp; statements.<\/li>\n \t<li>Ensuring that the company follows the applicable Tax Standards &amp; analysis of Business and Working procedure.<\/li>\n \t<li>Ensures that the audit services should be viewed as an investment with medium to long term profits.<\/li>\n<\/ol>\n<h5 style=\"color: #041e42;\">Why Finomitra for Tax Audit Services<\/h5>\nWe at Finomitra have trained professionals to help you throughout the Tax Audit procedure. Our Experts will guide and assist you in the whole process of Audit and related services &amp; also ensures the timely and effective completion of your work. For any queries related to Tax Audit and related services, feel free to contact our experienced and trained professionals at Finomitra.\n\n<\/div>\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-02fc826 e-flex e-con-boxed e-con e-parent\" data-id=\"02fc826\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-50dbd06 e-con-full e-flex e-con e-child\" data-id=\"50dbd06\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a128175 elementor-widget elementor-widget-heading\" data-id=\"a128175\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<div class=\"pgs-el-heading-wrapper pgs-el-heading-align-left pgs-el-heading-animation-effect-1\"><h3 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions<\/h3><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0500919 animated-slow elementor-invisible elementor-widget elementor-widget-n-accordion\" data-id=\"0500919\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5240\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-5240\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 1. What is the limit of tax audits? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5240\" class=\"elementor-element elementor-element-c55d5b4 e-con-full e-flex e-con e-child\" data-id=\"c55d5b4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d2b299e elementor-widget elementor-widget-text-editor\" data-id=\"d2b299e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For businesses, an income tax audit is required if turnover crosses \u20b910 crore. For professionals, the limit is \u20b950 lakh.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5241\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5241\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 2. How many tax audit reports can a CA sign? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5241\" class=\"elementor-element elementor-element-16f66fb e-con-full e-flex e-con e-child\" data-id=\"16f66fb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c00d24a elementor-widget elementor-widget-text-editor\" data-id=\"c00d24a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A Chartered Accountant can certify up to 60 tax audit reports in one financial year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5242\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5242\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 3. Why is a tax audit required? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5242\" class=\"elementor-element elementor-element-1e523d1 e-con-full e-flex e-con e-child\" data-id=\"1e523d1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ad621ee elementor-widget elementor-widget-text-editor\" data-id=\"ad621ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A tax audit ensures that accounts are accurate, compliance is maintained, and taxes are calculated correctly. It helps detect errors early.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5243\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5243\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 4. What triggers a tax audit? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5243\" class=\"elementor-element elementor-element-7acc762 e-flex e-con-boxed e-con e-child\" data-id=\"7acc762\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-de24c7a elementor-widget elementor-widget-text-editor\" data-id=\"de24c7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Factors such as high turnover, unusual expense claims, mismatched returns, or random selection by the department may trigger an audit of income tax.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5244\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5244\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 5. What happens if the auditor finds a mistake? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5244\" class=\"elementor-element elementor-element-9c0bb98 e-flex e-con-boxed e-con e-child\" data-id=\"9c0bb98\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-83b08f7 elementor-widget elementor-widget-text-editor\" data-id=\"83b08f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If mistakes are found, they must be corrected in the audit report. Depending on the issue, penalties or additional tax may apply.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5245\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5245\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 6. What is an example of tax evasion? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5245\" class=\"elementor-element elementor-element-47862d3 e-flex e-con-boxed e-con e-child\" data-id=\"47862d3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d7021e elementor-widget elementor-widget-text-editor\" data-id=\"5d7021e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Hiding income, inflating expenses, or keeping unreported cash transactions are common examples of tax evasion.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5246\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5246\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 7. What if I get audited and don\u2019t have receipts? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5246\" class=\"elementor-element elementor-element-d7f9908 e-flex e-con-boxed e-con e-child\" data-id=\"d7f9908\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-57027fa elementor-widget elementor-widget-text-editor\" data-id=\"57027fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Missing receipts can weaken your claims. The tax audit professional may disallow such expenses, leading to higher taxable income.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5247\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"8\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5247\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 8. What is Audit u\/s 44AB? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5247\" class=\"elementor-element elementor-element-e93c7ac e-flex e-con-boxed e-con e-child\" data-id=\"e93c7ac\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f1ce61 elementor-widget elementor-widget-text-editor\" data-id=\"7f1ce61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Audit under Section 44AB is a compulsory income tax audit for businesses and professionals crossing the prescribed limits.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5248\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"9\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5248\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 9. What types of accounts come under a tax audit? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5248\" class=\"elementor-element elementor-element-2293806 e-flex e-con-boxed e-con e-child\" data-id=\"2293806\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-551c006 elementor-widget elementor-widget-text-editor\" data-id=\"551c006\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Business accounts, professional accounts, partnership firms, LLPs, and certain trusts fall under the scope of audit of income tax.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5249\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"10\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5249\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 10. Who is liable for a tax audit? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5249\" class=\"elementor-element elementor-element-6affe8a e-flex e-con-boxed e-con e-child\" data-id=\"6affe8a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-16f3ab0 elementor-widget elementor-widget-text-editor\" data-id=\"16f3ab0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Businesses and professionals exceeding the turnover or income limits set by law are liable for an income tax audit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-52410\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"11\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-52410\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> 11. Is a tax audit required in case of loss? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 11.25C14.3096 11.25 13.75 10.6904 13.75 10C13.75 9.30965 14.3096 8.75 15 8.75H30C30.6903 8.75 31.25 9.30965 31.25 10V25C31.25 25.6903 30.6903 26.25 30 26.25C29.3097 26.25 28.75 25.6903 28.75 25V13.0178L10.8839 30.8838C10.3957 31.372 9.60426 31.372 9.11611 30.8838C8.62796 30.3957 8.62796 29.6043 9.11611 29.1162L26.9822 11.25H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"40\" height=\"40\" viewBox=\"0 0 40 40\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M15 28.75C14.3096 28.75 13.75 29.3096 13.75 30C13.75 30.6903 14.3096 31.25 15 31.25H30C30.6903 31.25 31.25 30.6903 31.25 30V15C31.25 14.3097 30.6903 13.75 30 13.75C29.3097 13.75 28.75 14.3097 28.75 15V26.9822L10.8839 9.11617C10.3957 8.628 9.60426 8.628 9.11611 9.11617C8.62796 9.60433 8.62796 10.3957 9.11611 10.8838L26.9822 28.75H15Z\" fill=\"currentColor\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-52410\" class=\"elementor-element elementor-element-ef66038 e-flex e-con-boxed e-con e-child\" data-id=\"ef66038\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3a1d3fe elementor-widget elementor-widget-text-editor\" data-id=\"3a1d3fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Yes, if your turnover crosses the threshold, you may need an audit of income tax even if there is a loss.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Tax Audit Navigating tax audits can feel daunting, but Finomitra makes it seamless and stress-free. Our expert tax audit professionals, including certified Chartered Accountants, ensure your financial records comply with the Income Tax Act, 1961, avoiding penalties and boosting credibility. Since 2019, we\u2019ve helped thousands of businesses with income tax audits, offering tailored solutions for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-13472","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/pages\/13472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/comments?post=13472"}],"version-history":[{"count":22,"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/pages\/13472\/revisions"}],"predecessor-version":[{"id":14124,"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/pages\/13472\/revisions\/14124"}],"wp:attachment":[{"href":"https:\/\/finomitra.com\/index.php\/wp-json\/wp\/v2\/media?parent=13472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}