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
- Applicability check — we confirm whether 44AB applies.
- Records review — books and documents examined.
- Audit & report — Form 3CD prepared accurately.
- 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.