A Tax Audit is made compulsory by the Income Tax Act if the annual gross turnover/receipts of the assesse exceed the specified limit.
Turnover More than1 Crore / 5 Crores with certain conditions
If % Net profit is less than 8%
If % Net profit is less than 6% only if gross total turnover or receipts received through banking mode & not by Cash
Tax audit is conducted in Sec 44AB of the Income Tax Act,1961 by an Auditor in Anna Nagar.
Due Date: 30th September of the Current Financial Year
Directors PAN & Aadhar
Bank Statements from 1st April to 31st March (Preferably in Excel format)
Details of any other income not included in Form 16 ( Like Interest on FD, Rental Income, Sale of property etc)
Tally data if available
Bank Account Number & IFSC
List of fixed assets purchase
Detailed list will be sent based on the Nature & size of Company
How Does it Work?
Submission of required Documents to WTC Team through E-mail
Our dedicated professional would review & start working on it
Our Team will Send you Draft Tax Computation through e-mail
Only after your confirmation, we will e- file Income Tax return
Complete Income Tax deliverables including Tax compuation will be sent to your E-mail for your records