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- Investigation Audit,
- Stock Audit,
- Internal Audit,
- Store Audit,
- Fixed Asset verification,
- Asset Verification and Tagging,
- Concurrent Audit,
- Due Diligence for Banks loan,
- Business Takeover,
- Vendor / Customer Due Diligence for Transaction etc,
- Drafting and Implementation of SOPs for various operations and Departments.
Tax Audit Services for AY 2024-25 – Jadeja Tax SolutionsExpert Tax Audit under Section 44AB, Income Tax Act, 1961Are you a business, professional, partnership firm, LLP, or company looking for tax audit services? Jadeja Tax Solutions provides comprehensive tax audit, compliance, and filing services in line with the latest amendments and deadlines for Assessment Year 2024-25. What is Tax Audit? (Section 44AB)A tax audit is a mandatory examination of your books of accounts as per Section 44AB of the Income Tax Act, 1961. It is conducted by a qualified Chartered Accountant to ensure accuracy of income, deductions, and compliance with tax laws. Applicability of Tax Audit:Business: Turnover exceeds ?1 crore (?10 crore if cash transactions = 5% of total) Professionals: Gross receipts exceed ?50 lakhs Presumptive Taxation: If profits are declared lower than prescribed under Sections 44AD, 44ADA, 44AE, 44BB, or 44BBB Partnership Firm / LLP: As per Section 2(23)(i) and Section 2(1)(n), tax audit is applicable if turnover exceeds limits
Tax Audit Due Dates & Penalties (AY 2024-25)Tax Audit Report Due Date: 7th October 2024 (extended from 30th September 2024) for most taxpayers 31st October 2024 for those covered under transfer pricing provisions
ITR Filing Last Date: 31st October 2024 (with audit) 31st July 2024 (without audit)
Penalty for Non-Compliance (Section 271B): Lower of ?1.5 lakh or 0.5% of turnover/gross receipts
Forms & Reports for Tax AuditForm 3CA/3CB & 3CD: Tax audit report and statement of particulars Form 26AS / AIS: Annual information statement Form 16A: TDS certificate (other than salary) Form 29C, 67, 10CCB: For specific reporting requirements
Tax Audit Services We OfferTax Audit under Section 44AB for businesses, professionals, partnership firms, LLPs, and companies Preparation and filing of Form 3CA, 3CB, 3CD Turnover and cash transaction analysis for audit applicability Presumptive taxation scheme compliance (Sections 44AD, 44ADA, 44AE) MSME reporting in tax audit report Audit for companies, partnership firms, LLPs, and professionals Income tax return (ITR) filing with audit report Assistance with tax audit penalties and notices Expert guidance on latest tax audit amendments and Form 3CD changes (April 2025)
Why Choose Jadeja Tax Solutions?Experienced Chartered Accountants for accurate and timely tax audits Updated with latest tax audit standards and compliance requirements Personalized support for businesses, professionals, and firms Transparent pricing and no hidden charges End-to-end assistance: From document collection to final report filing
Frequently Asked QuestionsWhat is the turnover limit for tax audit in AY 2024-25? ?1 crore for businesses (?10 crore if cash transactions = 5%), ?50 lakhs for professionals.
Which forms are required for tax audit? Form 3CA/3CB & 3CD, along with relevant ITR forms (ITR-4, ITR-5 for firms/LLPs).
What is the penalty for late or non-filing of tax audit report? Section 271B: Lower of ?1.5 lakh or 0.5% of turnover.
What’s new in tax audit for AY 2024-25? Updated Form 3CD, MSME reporting, new due dates, and revised audit standards effective April 2025.
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