Section 8 Company Registration

Tax Audit Services by Legal Pillers in India

Don't worry, we will help you to file LLP Audit Company Audit and Tax Audit with Legal Pillers.

  • Tax Audit with our Professionals
  • Tax Audit Report Filing- 3CA & 3CB & 3CD
  • CA, Tax Consultants dedicated support Free
  • Proper Maintenance of Transactions and Records Free
  • Udin generated reports by Professionals after Filing Free

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Section 8 Company Registration Non Profit

Cash Flow Management

Auditing process provides the Individual or Business Venture to track total income and financial claims from the marketplace in a proper manner.

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Saves Time

Conducting proper Tax Audits makes business organization process easier for country’s taxation regulatory board and saves a lot of time by avoiding Legal hassles.

Section 8 Company Registration Online process

Reducing Legal Risks

By identifying and eliminating discrepancies, individuals and businesses can avoid penalties, fines, or legal complications that may arise due to non-compliance.

Section 8 Company Registration Tax

Dedicated Online Support

Our team is committed to providing ongoing support, ensuring that you remain in compliance with all relevant regulations, all accessible through our convenient online platform.

What is Tax Audit/ Presumptive Taxation Scheme Online?

When a business is registered under the tax presumptive scheme under section 44AD, and its total turnover or sales are greater than the amount of Rs. 2 crores, a tax audit would be required. There are many kinds of audits carried out under various laws, including company audits. These statutory audits are conducted under laws governing companies for cost audits as well as stock audits, etc. In the same way, the law on income tax also requires an audit known as a "Tax Audit." A tax audit shows taxpayer's financial records, ensuring accuracy and compliance with tax laws and regulations. It is conducted by certified professionals.

The section 44AB in the Income Tax Act 1961 covers the tax audit provisions in India. The section stipulates that any person in one of the categories below is required to have their financial statements audited by a certified Chartered Accountant. The audit report has to be presented prior to the due date of filing income tax returns.


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Tax Audit Applicability in India

To start with Limited Liability Partnership Registration, you have to check the given criteria first:

  • Any business whose revenue, sales, or revenue exceeds the amount of Rs. 1 Crore.
  • Any professional whose net income exceeds the amount of. 25 Lakhs.
  • Any company whose profits and gains can be calculated on a presumed basis.
  • Any company whose profits and profits are calculated using a presumed basis in accordance with section 44AD
  • Individuals who carry their profession or business must have books and accounts checked by a practicing CA.
  • Business/company exceeding the amount of Rs 1 crore in any past year is required to have a tax audited.
  • For Professionals, if the total receipts are greater than 50 lakhs during any previous year must get their books of accounts audited.

Documents Required For Tax Audit in India

To begin the registration procedure for an LLP, the partners will be required to provide all the required documents:

  • Books of accounts
  • Updated bank Statement of Partners
  • Passport-size Photo of partners
  • Ledgers
  • Cash books
  • Journals
  • Carbon Copies of Bills and Receipts
    (If bills amount to Rs 25,000 or more)

Tax Audit Process in India

Following is Tax Audit Process-

Collecting Information

Our experts will connect and ask for all records and required documents.


The CAs will Analyze, and Begin with the Tax Audit Process through the documents. After the completion, we will get Approval for the Tax Audit.

Submission & Approval

Finalised and Approved Tax Audit report will be submitted to the Income Tax Department.

Benefits of Income Tax Audit Online



Preventing Tax Evasion

They act as a deterrent against tax evasion or fraudulent activities, as individuals and businesses are held accountable for their financial declarations.

Legal Compliance

Adherence to tax laws and regulations is essential. Tax audits ensure that all financial transactions are conducted in accordance with the law.

Reducing Legal Risks

By proactively identifying and rectifying any discrepancies, individuals and businesses can avoid penalties, fines, or legal complications that may arise due to non-compliance.

Optimizing Financial Processes

Through the scrutiny of financial records, tax audits can reveal areas for improvement in financial management and reporting processes.

Maintaining Public Trust

For businesses, a transparent financial record helps maintain trust with customers, suppliers, and the public.

Legal Safeguard

Registration provides certain legal protections to the organization and its members, helping to resolve disputes and conflicts within the organization.

Turnover Limits for Tax Audit 

A tax audit limit is a requirement for being able to pay taxes. The tax Audit limit is the quantity of turnover that, if it is exceeded, triggers the requirement for a Tax audit as per the Income Tax Act. It is different for different types of assessee mentioned here. In order to offer relief for MSMEs, Budget 2020 has increased the limit on turnover in the case of MSME assessments.

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Limit for Proprietorship Concerns

Proprietorship businesses are taxed like persons in the Income Tax Act. In the case of the proprietor of a business, a tax audit is required when the turnover exceeds R. 1 crore rupees. If a person is operating an occupation that generates gross revenues of over 50 lakh rupees, tax audits are mandatory.

The limit for Partnership Firms 

Partnership firms that are involved in professions with gross earnings over 50 lakh rupees need to complete an audit on tax. Partnership firms involved in conducting business need to submit a tax audit when the turnover of sales is greater than one crore rupees.

Limit for LLPs

In accordance with regulations that govern the LLP type of business organization, LLPs with an annual turnover of greater than 40 lakh rupees, or a capital contribution of 25 lakh rupees must be inspected by a CA.

Limit for Companies

All kinds of businesses, such as private limited companies, and one-person companies, must undergo an audit. Legal Pillers offers guidance on navigating these limits.

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How Legal Pillers Help in Tax Audit Services in India?

We are India's most recognized Legal Tech platform. By connecting to our CA/CS/Advocates, you can easily file your Income tax audits.

Tax audit fees at Legal Pillers are affordable and reasonable. Our Portal offers multiple affordable prices for Tax audit fees.

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Find answers to the most popular questions asked to us.

The Tax Audit Due Date for 2023-24 for ITR-7 and Form 10B/10BB due dates are extended till October 31, 2023.

A tax audit is a systematic examination of a taxpayer's financial records to ensure accuracy, completeness, and compliance with tax laws and regulations.

The applicability of tax audits depends on various factors, including turnover and specific business structures. Legal Pillers provides expert guidance to ensure accurate compliance.

For businesses, the tax audit limit is ₹5 crores for the Assessment Year 2020-21.

A tax audit is a systematic examination of a taxpayer's financial records to ensure accuracy, completeness, and compliance with tax laws and regulations. It is important to maintain transparency and adherence to legal requirements.

For businesses, the turnover limit for tax audits is ₹5 crores for the Assessment Year 2020-21.

An income tax audit is a detailed examination of a taxpayer's financial records to ensure accurate reporting and compliance with income tax laws.

The due date for income tax audit is typically September 30 of the assessment year. However, in certain circumstances, extensions may be granted, like this year, it has been extended to October 31.

A tax audit is a systematic examination of a taxpayer's financial records. Failure to comply with tax audit requirements may lead to penalties of 1,50,000 imposed by tax authorities.

For a profession, if the total receipts of the business are greater than the amount of Rs. 50 lakhs during any previous year must get their books of accounts audited by Chartered Accountant before the due date.

The various Forms are: 3CA, 3CB, 3CD and 3CE. Legal Pillers offers a comprehensive guide to the various forms required for a seamless tax audit process.

A statutory audit is a legally mandatory examination of a company's financial statements. In contrast, a tax audit focuses on verifying compliance with tax laws and regulations.