About This Service
A Tax Audit is a critical examination of the business’s books of accounts by a Chartered Accountant to ensure compliance with the Income Tax Act. It aims to verify that the taxpayer has accurately calculated their taxable income and adhered to rules regarding TDS, Depreciation, and Disallowances. The resulting Audit Report (3CD) acts as a “Clean Chit” to the Income Tax Department, reducing the probability of a scrutiny notice.
Eligibility & Criteria
- Turnover Limits: * Business: > ₹1 Crore (Regular) or > ₹10 Crore (if 95% of transactions are digital).
- Profession: > ₹50 Lakh.
- Forms: Form 3CA/3CB and Form 3CD.
- Penalty: 0.5% of total sales/turnover or ₹1,500,000, whichever is lower.
Critical Compliance Info
"We don't wait for July 31st. As your Virtual CFO, we conduct Quarterly Tax Reviews. This means no year-end tax shocks, optimized Advance Tax payments to save on interest (Section 234B/C), and legal tax planning while you still have time to invest."
In the financial world, Certificates are "Verification Products." Your role as a consultant is to provide the credibility that a third party (a bank, an embassy, or a government department) needs to trust your client's financial claims.
Strategic CFO Services
| Service | Why Clients Buy From Us (Our Value Additions) |
|---|---|
| Individual ITR | Regime Optimization: We run 24 different scenarios to pick the regime that saves you the maximum cash. |
| Business ITR | Expense Benchmarking: We analyze your expenses against industry standards to ensure your profit margins don't trigger "Scrutiny Flags." |
| F&O / Capital Gain | Loss Harvest Strategy: We don't just file; we plan your sell-offs to ensure you pay the absolute minimum tax on your portfolio growth. |
| Tax Audit | Litigation Shield: Our rigorous 3CD reporting acts as a "Pre-emptive Defense" against future department queries. |
