TAX AUDIT

Quick and hassle-free application for Tax Deduction and Collection Account Number (TAN).

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What is TAN?

TAN or Tax Deduction and Collection Account Number is a 10-digit alphanumeric number required by all persons responsible for deducting or collecting tax. It is mandatory to quote TAN in TDS/TCS returns, any TDS/TCS payment challan, and TDS/TCS certificates.

Key Benefits

  • Legal Compliance
  • Avoid Penalties
  • Enables TDS/TCS Filings

Frequently Asked Questions

Tax Audit under Section 44AB is mandatory for businesses with turnover exceeding Rs. 1 crore (Rs. 10 crore if cash transactions are below 5%) and professionals with gross receipts exceeding Rs. 50 lakh in a financial year.
The Tax Audit report (Form 3CA/3CB and 3CD) must be uploaded before the ITR filing due date, typically September 30 each year (subject to CBDT extensions). Late filing attracts a penalty of 0.5% of turnover or Rs. 1.5 lakh, whichever is lower.
Form 3CD is a 44-clause statement covering details like turnover, depreciation, TDS defaults, disallowed expenses, related-party transactions, and cash transactions above Rs. 20,000. Accurate preparation requires specialist CA knowledge.
Only a practising Chartered Accountant (CA) can conduct a Tax Audit. A CA can conduct a maximum of 60 tax audit assignments per year. Our experienced team ensures timely, accurate, and fully compliant audit reports every year.
The penalty under Section 271B is 0.5% of total sales/turnover or Rs. 1,50,000, whichever is lower. No penalty is imposed if the taxpayer had a reasonable cause for delay, such as a natural calamity or serious illness of the auditor.