Tax Audit Services: Done Thoroughly and Filed on Time

Making Tax Audits Clear, Accurate and Compliant

In India, tax audit is mandated under Section 44AB of the Income Tax Act, 1961. This applies to businesses and professionals who have a turnover or gross receipts that exceed the prescribed threshold limit.

Simply put, tax audit is a detailed examination of your business's financial records to make sure the accuracy of income declarations and compliance with the tax laws.

So, tax audit isn't just another task - it is a statutory checkpoint. Here's where your financial statements are checked in detail by our experienced Chartered Accountants - who'll prepare and file Form 3CD along with Form 3CA or 3CB, depending on what applies.

At MSA, we conduct tax audits in line with Section 44AB - helping you comply, stay organised and minimise risks - through structured and timely tax audits tailored to your business needs.

Our tax audit service helps you assess your tax position, fix gaps and provide you with a thorough evaluation of your financial records - something that is increasingly critical in today's scrutiny-heavy environment.

Why Do You Need a Tax Audit?

Tax audit isn't just a compliance checkbox - it's part of a financial "health-checkup" routine. Here is why businesses and professionals typically need it:

• Turnover threshold met: If your business turnover exceeds ₹1 crore (or ₹10 crores for digital transactions) or your professional income is over ₹50 lakhs, a tax audit is mandatory.
• Presumptive taxation turned off: If you've opted out of presumptive taxation under Section 44AD/44ADA/44AE and your income exceeds the exemption limit, you must go through a tax audit.
• Loss declarations with income over limit: Businesses reporting losses with gross receipts over ₹1 crore are also subject to audit - especially if income exceeds the basic exemption threshold.
• Professionals claiming lower than 50% profit: Professionals under Section 44ADA who report profits lower than 50% of gross receipts and cross the exemption limit, must get their books audited.

Our Tax Audit Services

Here is what MSA brings to the table. Each of these offerings is backed by a clear methodology, updated tools and an experienced audit team.

Why businesses choose to work with us on tax audits

We don't just help you meet deadlines - we help you make sense of the entire process.

Tax Audit Is More Than a Report

One must agree that tax audits today are evolving. They are no longer about just checking totals and cross-verifying documents. Authorities now expect data-backed justifications across many sections - especially Clauses 34 and 44, which require reconciling TDS and GST data with books.

At MSA, we stay at the forefront of audit expectations by:

• Using data-driven tools (updated ones) to automate checks and prevent duplication.
• Suggesting process-level improvements that will strengthen compliance in the long run.
• Identifying possible risk areas, like vendor mismatches or non-capitalised expenses, that may not be noticed during internal reviews.

And we don't just stop at filing - we offer post-audit advisory, particularly useful when you're planning for expansion, applying for finance or preparing for scrutiny.

Helping You Stay Ahead With Timely Tax Audits

A tax audit (for any business) is no longer a year-end formality. It has become a crucial checkpoint in your tax lifecycle - one that makes sure that you are not only reporting the right numbers but doing it in a way that can be clearly understood and verified.

At MSA, we don't believe in rushing through reports. We believe in giving your financials the attention they deserve - through consistent checks, relevant insights and practical suggestions that will help you move forward with confidence.

Our Key Experts For Tax Audit