The Income Tax Act 1961 states various provisions to conduct Tax audit of accounts for tax purposes. If you are a taxpayer and turnover of your business or total receipts from any profession exceeds limits as prescribed by The Income Tax Act, in any previous year then, you are obligated to get your books of accounts audited.

Puneet Bajaj & Co is Tax Audit Consultant in Delhi known to deliver quality services to its clients. The entire procedure of the tax audit is to ensure that the Income Tax compliances & other relevant laws are appropriately being followed.

Our Tax Professionals in Delhi helps in developing strategies that improves the operations and provides great value to the business.

Generally following steps are involved during tax audit:

• A tax audit checklist is prepared and followed during tax audit by our tax consultant. This checklist covers all the aspects of the audit and areas to be covered for the reporting.
• Ensuring that no items have been omitted in the information furnished by the entity.
• Examining the books of accounts as well as other documents related to the transactions that reflect in the books of account
• Qualifying Report if unable to obtain the required information in Form 3CA or Form 3CB and its impact on the books of accounts
• Stating if he has examined the financial statements and certifying the same.
• Uploading the tax audit report.