Prepare reliable financial records and supporting schedules for a tax audit and its reporting requirements. BIAT helps define the scope, organise supporting records and coordinate the next steps for your requirement.
About Income Tax Audit
How we can help
- Audit applicability assessment
- Books and tax reconciliation
- Expense, deduction and disclosure review
- Coordination of reporting with the appointed chartered accountant
What to prepare
Prepare these records for an initial assessment. The final checklist depends on your circumstances.
- Trial balance and audited accounts if available
- Bank statements and ledger extracts
- Tax returns, tax-credit statements and supporting vouchers
Deliverables, fees & timeline
The proposed income tax audit engagement starts with a review of your records and objectives. The written scope sets out deliverables, responsibilities, professional fees, applicable third-party charges and target milestones. Timing depends on document completeness, complexity and any authority or counterparty review. Ask for a scoped proposal before proceeding.
Discuss your requirement
Contact BIAT about income tax audit
Call +91 9650 47 6099 or email info@biatconsultant.com. Share a brief description first; the team can confirm the appropriate channel for documents.
Your next steps
A clear scope and organised records make the engagement easier to manage.
FAQ
Answers to common questions about income tax audit.
Is a tax audit the same as filing a return?
No. An audit examines records and prescribed disclosures; return preparation and filing are separate tasks that can be included in the engagement.
How do I start with income tax audit?
Are government fees included in the professional fee?