Home / Kolkata

Tax audit in Kolkata

Books finalised and the tax audit report prepared, signed by a practising Chartered Accountant, and filed before the due date.

If your turnover or gross receipts cross the tax audit limit, your accounts must be audited and the audit report filed before the income tax return. We make the whole process smooth.

What is included

  • Finalisation of your books of accounts, including bank reconciliation and ledger scrutiny
  • Preparation of the details needed for the audit report
  • Audit report signed by a practising Chartered Accountant
  • Filing of the audit report and the income tax return after audit

How it works

  1. We review your books and list anything missing: bills, confirmations or bank statements.
  2. We finalise the accounts and prepare the audit details.
  3. The Chartered Accountant reviews and signs the audit report, which is filed online.
  4. We file your income tax return before the due date.

Starting early, in July or August, avoids the last-minute rush and gives time to fix any problems found in the books.

Frequently asked questions

Who needs a tax audit?

Generally, a business needs a tax audit when its turnover is above ₹1 crore in a year. The limit rises to ₹10 crore when nearly all receipts and payments are digital. For professionals the limit is ₹50 lakh of gross receipts, also higher when nearly all receipts are digital. Some businesses on presumptive taxation also need an audit in certain cases.

What is the due date for a tax audit report?

The audit report is usually due by 30 September, and the income tax return by 31 October, after the end of the financial year. These dates are sometimes extended.

What happens if the tax audit is not done on time?

A penalty can apply for not getting the accounts audited or not filing the report on time. Filing late also delays your income tax return.

Who signs the tax audit report?

Only a practising Chartered Accountant can sign a tax audit report. We prepare everything and coordinate the audit with the Chartered Accountant.

Can you audit books kept by another accountant?

Yes. We review the books, point out what needs correcting and complete the audit.

Was this helpful?

More about our tax audit service →

More services in Kolkata

Get a free quote

We reply within one working day. Your details are used only to respond to this enquiry.

Free GST due date reminders

One email on the 8th of every month with the GST dates for West Bengal, plus our new articles. No spam, unsubscribe any time.

WhatsApp us