Every person carrying on a business or profession must get his/ her books of accounts audited by a Practicing Chartered Accountant in accordance with section 44AB of Income Tax Act, 1961 if his/ her turnover exceeds the specified limits or the profit is lesser than the specified limits.
| Particulars | Condition | Tax Audit |
|---|---|---|
| Person Having a Business | Turnover >= Rs. 1 Crore | Mandatory |
| Person Having a Business | Turnover < Rs. 1 Crore But Profit is Less than 6/8% | Mandatory |
| Person Having a Profession | Gross Receipts >= Rs. 50 Lakhs | Mandatory |
| Person Having a Profession | Gross Receipts < Rs. 50 Lakhs But Profit is Less than 50% | Mandatory |
Note: There are certain exceptions and other provisions as well which might not be covered in this article. The same will be discussed and guided through over a personal meeting or telephonic conversation.
How We Will Be Your “SAARTHI” In Filing Your Income Tax Return
1. Our expert Chartered Accountants panel will audit your Books of Accounts and draft an accurate income tax audit report. 2. A draft report will be sent to you for discussion before final submission. 3. Once discussed, your income tax audit will be filed and a signed copy will be sent to you via email.
ALL THIS WILL BE DONE BY OUR EXPERTS, WHILE YOU FOCUS ON YOUR CORE BUSINESS ACTIVITIES.
What We Will Deliver To You
1. Final Balance Sheet Attested by a Chartered Accountant 2. Final Profit & Loss Statement Attested by a Chartered Accountant 3. Income Tax Audit Report
Why Make Us Your Business’ SAARTHI?
1. Professional Experts handling your Documents 2. Response Time of Maximum Half an Hour 3. Most Affordable Professional Services 4. Transparency in Pricing Structure 5. Services Available PAN India from the comfort of your home 6. Option of Meeting at your Place 7. Regular Updates about Status of your Audit
As the name suggests We want to be a "Saarthi" for your "Business"With professionals from various fields – CA, CS, Bankers, Advocates and IT Professionals joining hands.