Tax Audit is compulsory if the gross turnover during a financial year of a person, entity (assessee) carrying on business exceeds Rupees One Crore (Rupees Ten Million) or those who carrying on profession exceeds Rs. 50 Lakhs (Rupees five million) or for those tax assessees who are carrying on specified business and profit declared by them are lower than deeming profits prescribed under respective sections.
We conduct tax audit u/s 44AB of the Income Tax Act, 1961 and submit our Report thereto in forms 3CA or 3CB & 3CD.