Tax Audit

At Pratapkaran Paul & co, Chartered Accountants, we deliver professional tax audit services under Section 44AB of the Income Tax Act to ensure accurate financial reporting and regulatory compliance in India. A tax audit provides a methodical examination of a business’s or professional’s books from an income tax perspective, verifying that turnover, deductions, depreciation, and income tax calculations are correctly maintained and reported

Our certified tax auditors review financial statements, bank books, ledgers, and supporting documents to identify discrepancies, ensure proper accounting treatment, and verify prescribed disclosures such as compliance with depreciation rules and other income tax provisions. By meticulously assessing records and reporting observations, we help taxpayers reduce risk and streamline the verification process for tax authorities

A properly conducted tax audit also safeguards your credibility by ensuring that income tax returns are backed by certified accounts and meet legal thresholds—such as ₹1 crore turnover for businesses (10 Crores if cash receipts is less than 5%) or ₹50 lakhs gross receipts for professionals.