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Tax and Assurance

Tax Audit is a compulsory audit under the Income Tax Act in India which is conducted if the total turnover of a person exceeds Rs. 15, 00,000 for professionals and Rs. 60, 00,000 for persons other than professionals. Tax Audit has to be conducted by a Chartered Accountant appointed by the person itself. Tax Audit Report is given by the Chartered Accountant to the person in form 3CD prescribed under the Income Tax Act.

This Tax Audit u/s 44AB is in force to ensure that books of accounts are properly maintained, the income is reflected properly and appropriate claims are only deducted. We actively service a large number of Indian and multinational companies in matters of tax audit across various industries and service verticals. We shall also engage in developing tax efficient strategies and manage your tax exposures considering your individual business needs. We will keep you abreast of new developments in the Indian corporate taxation arena that affect your business.

    Our approach involves the following:

  • Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account as per the requirements of the Income Tax Act, 1961.
  • Checking the correctness of the Claimable deductions as allowed in the Income Tax Act, 1961.
  • Effective reviews to see that the accounts are prepared in accordance with the tax efficient policies
  • Checking the various tax compliance norms as set out by the Income Tax Act, 1961.
  • Issuing the Report of Tax Audit as required by the Income Tax Rules in the prescribed format.


Contact Us

#27/7, Dr.Alagappa Road, Purasawalkam, Chennai – 600084 Ph: 044-25323666-8, Fax: 044 25323668, Email: info@prakashkochar.com