Audit & Assurance Services under Income Tax Act
Stay Compliant. Avoid Penalties. Be Audit-Ready.
When it comes to income tax, mistakes are expensive. Missed disclosures, mismatched data, or late filings can lead to penalties, notices, and unnecessary stress.
At N D Savla & Associates, we help businesses and professionals stay compliant with the Income Tax Act, 1961 through structured audit and assurance services.
Our focus is simple—accuracy, compliance, and zero surprises.
When is Tax Audit Mandatory?
- Business turnover exceeds ₹1 crore (₹10 crore with conditions)
- Professional receipts exceed ₹50 lakhs
- Presumptive taxation not followed as per limits
Our Income Tax Audit Services
Tax Audit under Section 44AB
- Verification of books of accounts
- Compliance with tax provisions
- Reporting under Form 3CA / 3CB / 3CD
- Identification of adjustments
Books Review & Tax Compliance Check
- Review of financial statements
- Identification of mismatches
- Proper classification of income and expenses
Presumptive Taxation Advisory
- Eligibility under 44AD / 44ADA / 44AE
- Compliance requirements
- Risk assessment of under-reporting
Tax Audit Reporting & Filing
- Preparation and filing of audit reports
- Portal coordination
- Timely submission
Scrutiny & Notice Support
- Responding to notices
- Documentation support
- Representation assistance
Audit Readiness & Ongoing Support
- Pre-audit planning
- Documentation readiness
- Compliance tracking
Why Clients Choose Us
Who We Work With
- Businesses and companies
- Professionals (Doctors, CA, Consultants)
- Traders and manufacturers
- Freelancers and service providers
- Startups and growing enterprises
Our Approach
Model and transactions.
Identify gaps and mismatches.
Align with tax laws.
Accurate and timely reporting.
Filing and notice handling.
F.A.Q.
A tax audit is an examination of financial records to ensure compliance with provisions of the Income Tax Act, 1961.
Businesses with turnover above ₹1 crore (₹10 crore in specified cases) and professionals with receipts above ₹50 lakhs must get tax audit done under Section 44AB.
Form 3CD is a detailed statement of particulars required to be submitted along with the tax audit report.
The due date is generally 30th September or 31st October (depending on applicability) of the assessment year.
Failure to conduct tax audit can lead to penalties under Section 271B, which may be up to 0.5% of turnover or ₹1,50,000, whichever is lower.
Yes, professionals can opt for presumptive taxation under Section 44ADA if their receipts are within prescribed limits.
- Books of accounts
- Bank statements
- Invoices and bills
- GST returns
- Previous year financials
