What tax audit is (and is not)
It is a report by a Chartered Accountant on specified particulars of your accounts for income-tax purposes. It is not the same as a Companies Act statutory audit, though some businesses need both.
When it typically comes into play
Applicability depends on turnover or gross receipts and other conditions under the Income-tax Act (including presumptive taxation interactions). Thresholds change. Confirm with your CA against the current year’s numbers — do not copy a WhatsApp forward.
What the auditor needs from you
Clean books, GST reconciliation, fixed assets, loans, and related-party clarity. Use our Chhattisgarh tax audit checklist as a starting pack.
Timeline mindset
Start document collection well before the filing due date. Last-week audits create avoidable qualifications and stress. Gupta Karan & Co runs tax audits from Raipur — details on audit services.
Talk to us
Share last year’s turnover and entity type on WhatsApp +91 96851 77940. We will tell you if audit is likely and what to prepare.