Regitimate is a trusted name for professional tax audit services. Our team of expert chartered accountants ensures your business stays fully compliant with the Income Tax Act of India. We conduct thorough audits, identify discrepancies, and provide valuable insights to improve your financial health. Our goal is to minimize your tax risks and ensure accurate reporting, making Regitimate your ideal partner for stress-free tax audit
What is a Tax Audit?
A tax audit is an official examination of a business’s financial records to verify compliance with tax laws and accuracy in income and deduction declarations. Under Section 44AB of the Income Tax Act, certain businesses and professionals are required to undergo a tax audit.
- Legal Compliance: Avoid penalties and legal issues by meeting statutory requirements.
- Accurate Reporting: Ensure the correctness of income, deductions, and claims.
- Fraud Prevention: Identify and mitigate financial discrepancies.
- Financial Planning: Gain valuable insights into your business’s financial health.
- Tax Efficiency: Minimize your tax liability through proper reporting.
- Businesses with turnover exceeding the prescribed limit.
- Professionals with gross receipts over the specified threshold.
- Companies claiming lower-than-prescribed profits under presumptive taxation.
Tax Audit Services:
Regitimate offers end-to-end tax audit services, ensuring a smooth and efficient process. Our experts manage the entire audit lifecycle — from data collection to final report submission — so you can focus on growing your business.
Why Choose Regitimate?
Expert CA Team:
Tailored Services:
Timely Execution:
Detailed Reports:
Proactive Compliance:
Transparent Pricing:
Confidentiality Guaranteed:
Frequently Asked Questions (FAQ's):
A tax audit is required if your business turnover exceeds ₹1 crore (₹10 crore for digital transactions) or if professional income crosses ₹50 lakh.
Essential documents include financial statements, tax computation details, bank statements, and expense proofs.
The due date for tax audit reports is typically September 30th of the assessment year.
Yes, a thorough audit can identify legitimate deductions and tax-saving opportunities.
Non-compliance can lead to penalties of up to 0.5% of turnover, capped at ₹1.5 lakh.
The duration depends on the size and complexity of your business but is typically completed within a few weeks.
Our expertise, attention to detail, and client-centric approach ensure accurate and efficient audits with complete peace of mind.