Who is required to get a Tax Audit under Section 63 done?

Businesses with turnover exceeding ₹1 Crore (or ₹10 Crore if 95%+ transactions are digital) and professionals with gross receipts exceeding ₹50 Lakhs (or ₹75 Lakhs under presumptive taxation conditions) require a statutory Tax Audit by a practicing Chartered Accountant.

What should I do if I receive a notice under Section 143(2) or 148?

Do not ignore the notice. Immediate review of the reasons for selection and time-bound submission of factual evidence through the e-Filing portal is critical to avoid ex-parte orders or hefty penalties.

Taxation PracticeNon-Audit Returns: July 31st | Tax Audit & Corporate Returns: October 31st / November 30th

Income Tax & Direct Taxation Advisory

Strategic tax planning, seamless return filing, and resolute representation for businesses & high-net-worth individuals.

Practice Scope & Service Deliverables

We provide end-to-end direct tax solutions—from strategic tax planning and corporate tax structuring to advance tax planning, ITR filing, and handling scrutiny assessments under faceless tax regimes.

Scope of Professional Assistance:

Income Tax Return (ITR) Filing (Individuals, HUF, Firms, Companies)

Strategic Corporate & Personal Tax Planning

Corporate Tax Computation & Effective Tax Rate Optimization

TDS / TCS Compliance, Calculation & Quarterly Form 138/140/144/143 Filings

Tax Audit under Section 63 and Transfer Pricing Disclosures

Scrutiny Assessments, E-Proceedings & Notice Handling

Advance Tax Computation & Cash Flow Alignments

Transaction Structuring & Mergers/Acquisitions Tax Due Diligence

Rectification Applications & Outstanding Tax Demand Settlement

Appeals Drafting before CIT (Appeals) & ITAT

Who Requires This Service?

•Private & Public Limited Companies

•Partnership Firms & LLPs

•High-Net-Worth Individuals (HNIs) & Salaried Executives

•Proprietors and MSME Business Owners

•Professionals (Doctors, Lawyers, Consultants, Architects)

CA & UDIN Guaranteed

All audit opinions, certifications, and compliance filings are reviewed directly by practicing Chartered Accountants with mandatory UDIN verification.

Schedule Case Review

Our Strategic Advantage

How We Deliver Value in Income Tax Advisory

Proactive Tax Optimization

Identify tax savings early in the financial year rather than scrambling at the deadline, ensuring complete compliance with Section 80 deductions, capital gains exemptions, and rebate provisions.

Faceless Assessment Support

Technically precise response drafting for ITD queries, automated e-verification notices, Section 148 reassessment notices, and high-value transaction scrutiny.

Advance Tax Forecasting

Quarterly calculations that prevent heavy interest penalization under Sections 234B and 234C while maintaining business liquidity.

Transaction Due Diligence

Comprehensive tax health check before entering into property transactions, corporate mergers, share issuances, or partner retirements.

Our Structured 5-Step Process

Technically rigorous, transparent execution from initial diagnostic to ongoing monitoring.

Data Ingestion & Ledger Review

Collection and analysis of books of accounts, 26AS, AIS, TIS, and banking transactions.

Tax Computation & Strategy

Applying optimal tax provisions, selecting Old vs New tax regimes, calculating eligible deductions.

Pre-Filing Client Review

Presentation of draft computation with management review and explicit authorization.

E-Filing & Verification

Submission on Income Tax Portal, generation of ITR-V, and e-verification execution.

Post-Filing Monitoring

Tracking CPC processing, intimation u/s 143(1), refund credits, or rectification if required.

Professional Insights

Frequently Asked Questions

Clear answers to common questions about statutory compliance, processes, and deadlines.

The New Tax Regime offers lower slab rates without exemptions (like 80C, 80D, HRA), whereas the Old Regime allows full deduction claims. We run a comparative computation against your actual investments to determine maximum tax savings.

Request Consultation for Income Tax Advisory

Submit your inquiry and our direct tax & compliance desk will get in touch with you.