Tax Audit
Tax audit under Section 44AB by a Chartered Accountant — Form 3CA/3CB and Form 3CD, filed before the due date.
- Estimate Cost
- ₹10,000 – ₹75,000
- Typical duration
- 10 days
Service overview
Evaluating books of accounts to verify the accuracy of income, deductions, and tax computations as mandated by the Income Tax Act.
Who needs it? / When is it needed?
Businesses and professionals whose turnover or receipts exceed the prescribed statutory limits under tax laws.
What to expect from the WCP Professionals
Verification of books of accounts, tax computation review, statutory deduction checks, and reconciliation of financial records with tax filings.
Key deliverables
Tax audit report, Form 3CA/3CB, and Form 3CD particulars.
Standard turnaround time
10 to 15 working days.
Government fees, timelines & key outcomes
No government fee for the tax audit.
The tax audit report is due one month before the income tax return due date — ordinarily by 30 September. Failure to get accounts audited or to furnish the report attracts a penalty under Section 271B of 0.5% of turnover, up to ₹1.5 lakh.
Key outcomes: a tax audit report that supports the return and reduces the risk of disallowances and penalties.
Forms & filings involved
Form 3CA, Form 3CB, and Form 3CD.
Documents required
Profit and loss account, balance sheet, tax computation sheets, audit reports, and books of accounts.
What we need from you
Complete access to financial ledgers, tax invoices, bank statements, and management explanations.
Important conditions
Subject to the timely availability of reconciled books of accounts and statutory tax documents.
Additional information
Ensures seamless assessment by tax authorities and prevents heavy penalties for non-compliance.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What is the tax audit limit?
Business turnover above ₹1 crore (₹10 crore where cash receipts and payments are within 5%), or professional receipts above ₹50 lakh, among other cases.
What is the due date for the tax audit report?
One month before the return due date, ordinarily 30 September for the year.
What is the penalty for not getting a tax audit?
0.5% of turnover or gross receipts, up to ₹1.5 lakh, under Section 271B.
What is the difference between Form 3CA and 3CB?
Form 3CA is used where accounts are already audited under another law, such as the Companies Act; Form 3CB is used otherwise. Both are filed with Form 3CD.