Section 44AB tax audit by a practising Chartered Accountant, with Form 3CA/3CB and 3CD filed online.
A tax audit under Section 44AB is required when a business or profession's turnover or gross receipts cross the prescribed limits, or when a taxpayer opts out of presumptive taxation while declaring lower income. A practising Chartered Accountant examines the books and reports detailed particulars in Form 3CD, along with Form 3CA or 3CB. Fastlegal coordinates the audit with a qualified CA and files the report on the income tax portal before the due date.
One fixed professional fee, inclusive of GST, agreed with you before any work starts — no hourly billing, no surprises, and nothing charged until you approve it.
Order the tax audit for the financial year and pay online.
Upload finalised books, ledgers and supporting records in your dashboard.
A practising CA reviews records, raises queries in your dashboard and prepares Form 3CD and the audit report.
Approve the report on the portal and download the filed audit report from your dashboard.
Generally when business turnover exceeds ₹1 crore, raised to ₹10 crore where cash receipts and payments are each within 5% of the total, or when professional receipts exceed ₹50 lakh. It also applies in certain cases where presumptive taxation is not followed.
The tax audit report is due by 30 September following the end of the financial year, and the income tax return of such taxpayers is due by 31 October, unless extended by CBDT.
Section 271B provides a penalty of 0.5% of turnover or gross receipts, up to ₹1.5 lakh, unless there is reasonable cause for the failure.
Form 3CA is used when the accounts are already required to be audited under another law, such as the Companies Act. Form 3CB is used when there is no other statutory audit. Form 3CD is the statement of particulars in both cases.
The listed fee applies to small and medium businesses with standard transactions. Larger turnover, multiple branches or complex transactions are quoted after reviewing your books.