Tax Audit under Section 44AB in Pune
Rahul R. Mohite & Co., Chartered Accountants carries out tax audits under Section 44AB of the Income-tax Act for businesses and professionals in Pune, with reporting in Form 3CA or 3CB and Form 3CD.
What the work covers
- Checking whether a tax audit applies, including under the presumptive taxation provisions
- Review of books of account, bank reconciliations and fixed asset records
- Reporting in Form 3CA or 3CB and Form 3CD
- Checks on the GST, TDS and loan details reported in Form 3CD
- Filing of the audit report and the related income tax return
When a tax audit applies
| Business | Turnover above ₹1 crore; ₹10 crore if cash receipts and cash payments are each within 5% of the total |
|---|---|
| Profession | Gross receipts above ₹50 lakh; ₹75 lakh if cash receipts are within 5% |
| Presumptive taxation | Where income is declared below the presumptive rate under certain conditions |
Due dates
| 30 September | Tax audit report in Form 3CA/3CB and Form 3CD |
|---|---|
| 31 October | Income tax return for taxpayers liable to tax audit |
Not getting accounts audited when required can attract a penalty under Section 271B of 0.5% of turnover or gross receipts, up to ₹1.5 lakh.
Due dates can be extended by notification. The scope of each engagement is agreed in writing after understanding your requirement.
Related guides
Questions
Who needs a tax audit under Section 44AB?
A business needs a tax audit if turnover exceeds ₹1 crore, or ₹10 crore where cash receipts and payments are each within 5%. A professional needs one if gross receipts exceed ₹50 lakh, or ₹75 lakh where cash receipts are within 5%. A tax audit can also apply where income is declared below the presumptive rate under certain conditions. The audit report is due by 30 September.
Who has to pay advance tax?
Anyone whose tax liability for the year, after TDS, is ₹10,000 or more must pay advance tax in instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December and 100% by 15 March. Resident senior citizens with no income from business or profession are exempt. Shortfalls attract interest under Sections 234B and 234C.
General information only, not professional advice. Section references are to the Income-tax Act, 1961; corresponding provisions of the Income-tax Act, 2025 apply from 1 April 2026. Thresholds and dates may change by notification.