{"id":30288,"date":"2025-10-28T01:47:38","date_gmt":"2025-10-27T20:17:38","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=30288"},"modified":"2026-01-31T17:17:25","modified_gmt":"2026-01-31T11:47:25","slug":"when-does-a-tax-audit-become-mandatory","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/","title":{"rendered":"When Does a Tax Audit Become Mandatory?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f2a3f5418fc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f2a3f5418fc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#When_Does_a_Tax_Audit_Become_Mandatory\" title=\"When Does a Tax Audit Become Mandatory?\">When Does a Tax Audit Become Mandatory?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Objectives_of_Tax_Audit\" title=\"Objectives of Tax Audit\">Objectives of Tax Audit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Section_44AB_%E2%80%93_The_Tax_Audit_Section_Tax_Audit_Limits_Conditions\" title=\"Section 44AB \u2013 The Tax Audit Section :\u00a0Tax Audit Limits &amp; Conditions\">Section 44AB \u2013 The Tax Audit Section :\u00a0Tax Audit Limits &amp; Conditions<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#For_Professionals_Section_44ABb\" title=\"For Professionals (Section 44AB(b))\">For Professionals (Section 44AB(b))<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Presumptive_Taxation_Sections_44AD_44ADA_44AE\" title=\"Presumptive Taxation (Sections 44AD, 44ADA, 44AE)\">Presumptive Taxation (Sections 44AD, 44ADA, 44AE)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Loss_or_Low-Profit_Cases\" title=\"Loss or Low-Profit Cases\">Loss or Low-Profit Cases<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Tax_Audit_Mandatoryunder_Section_44AB\" title=\"Tax Audit Mandatoryunder Section 44AB:\u00a0\">Tax Audit Mandatoryunder Section 44AB:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Normaly_Due_Date_for_Tax_Audit_Report_FY_2024%E2%80%9325\" title=\"Normaly Due Date for Tax Audit Report (FY 2024\u201325)\">Normaly Due Date for Tax Audit Report (FY 2024\u201325)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Audit_Report_Forms\" title=\"Audit Report Forms\">Audit Report Forms<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/when-does-a-tax-audit-become-mandatory\/#Penalty_for_Non-Compliance_Section_271B\" title=\"Penalty for Non-Compliance (Section 271B)\">Penalty for Non-Compliance (Section 271B)<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"234\" data-end=\"280\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-31155\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit.jpeg\" alt=\"\" width=\"990\" height=\"1073\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit.jpeg 990w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-277x300.jpeg 277w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-945x1024.jpeg 945w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-768x832.jpeg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-800x867.jpeg 800w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/h2>\n<h2 data-start=\"234\" data-end=\"280\"><span class=\"ez-toc-section\" id=\"When_Does_a_Tax_Audit_Become_Mandatory\"><\/span><span style=\"color: #000080;\">When Does a Tax Audit Become Mandatory?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"282\" data-end=\"436\">Not every taxpayer needs a tax audit. But once your turnover or income crosses certain limits, it becomes compulsory under the Income Tax Act. A tax audit ensures accuracy, transparency, and compliance. Maintain your books properly, stay digital to enjoy higher limits, and file your audit reports on time to avoid penalties.<\/p>\n<h3 data-start=\"894\" data-end=\"928\"><span class=\"ez-toc-section\" id=\"Objectives_of_Tax_Audit\"><\/span><span style=\"color: #000080;\"><strong data-start=\"901\" data-end=\"928\">Objectives of Tax Audit<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"929\" data-end=\"1277\">\n<li data-start=\"929\" data-end=\"992\">\n<p data-start=\"931\" data-end=\"992\">Ensure proper maintenance and accuracy of books of account.<\/p>\n<\/li>\n<li data-start=\"993\" data-end=\"1068\">\n<p data-start=\"995\" data-end=\"1068\">Report discrepancies and compliance issues observed during examination.<\/p>\n<\/li>\n<li data-start=\"1069\" data-end=\"1145\">\n<p data-start=\"1071\" data-end=\"1145\">Provide prescribed information such as depreciation, disallowances, etc.<\/p>\n<\/li>\n<li data-start=\"1146\" data-end=\"1215\">\n<p data-start=\"1148\" data-end=\"1215\">Facilitate accurate computation of taxable income and deductions.<\/p>\n<\/li>\n<li data-start=\"1216\" data-end=\"1277\">\n<p data-start=\"1218\" data-end=\"1277\">Enable tax authorities to verify correctness of ITRs filed.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"480\" data-end=\"529\"><span class=\"ez-toc-section\" id=\"Section_44AB_%E2%80%93_The_Tax_Audit_Section_Tax_Audit_Limits_Conditions\"><\/span><span style=\"color: #000080;\"><strong data-start=\"485\" data-end=\"529\">Section 44AB \u2013 The Tax Audit Section :\u00a0<\/strong><strong>Tax Audit Limits &amp; Conditions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"480\" data-end=\"529\">A Tax Audit means your books of account are examined by a Chartered Accountant (CA) to verify:<\/p>\n<ul data-start=\"633\" data-end=\"707\">\n<li data-start=\"633\" data-end=\"671\">\n<p data-start=\"635\" data-end=\"671\">Correctness of income &amp; deductions<\/p>\n<\/li>\n<li data-start=\"672\" data-end=\"707\">\n<p data-start=\"674\" data-end=\"707\">Proper compliance with tax laws<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"709\" data-end=\"780\">It applies to Businesses, Professionals, and Presumptive taxpayers.<\/p>\n<h2 data-start=\"234\" data-end=\"280\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-30290\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-.jpg\" alt=\"Tax audit\" width=\"903\" height=\"435\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-.jpg 712w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit--300x145.jpg 300w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/h2>\n<div class=\"___i31lg00 f10pi13n f14t3ns0 f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___1hm93bs f1ddd56o f16vktn6 f1enuhaj fdclmfp f1ev3kgc ftgm304 f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1jq587y f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 229px;\" tabindex=\"0\" width=\"873\">\n<thead>\n<tr>\n<th><strong>Category<\/strong><\/th>\n<th><strong>Limit<\/strong><\/th>\n<th><strong>Section<\/strong><\/th>\n<th><strong>Audit Required When<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<th scope=\"row\"><strong>Business<\/strong><\/th>\n<td>INR 1 Cr (\u20b910 Cr if digital transactions)<\/td>\n<td>44AB(a)<\/td>\n<td>Turnover &gt; limit<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>Profession<\/strong><\/th>\n<td>INR 50 Lakh<\/td>\n<td>44AB(b)<\/td>\n<td>Receipts &gt; limit<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>44AD<\/strong><\/th>\n<td>INR 2 Cr<\/td>\n<td>44AB(d)<\/td>\n<td>Profit &lt; 6% (digital) \/ 8% (cash)<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>44ADA<\/strong><\/th>\n<td>INR 50 Lakh<\/td>\n<td>44AB(d)<\/td>\n<td>Profit &lt; 50%<\/td>\n<\/tr>\n<tr>\n<th scope=\"row\"><strong>44AE<\/strong><\/th>\n<td>\u2014<\/td>\n<td>44AB(e)<\/td>\n<td>Profit &lt; presumptive<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<hr \/>\n<p><strong style=\"color: #000080;\" data-start=\"792\" data-end=\"832\">\u00a0For Businesses (Section 44AB(a))<\/strong><\/p>\n<p>Businesses \u2013 Section 44AB(a) : Mandatory if turnover exceeds \u20b91 crore. Limit increases to \u20b910 crore if: Cash receipts \u2264 5% of total receipts, and Cash payments \u2264 5% of total payments. <em data-start=\"677\" data-end=\"732\">Digital transactions help you enjoy the higher limit.\u00a0 <\/em>But\u00a0 the limit increases to \u20b910 crore if:<\/p>\n<ul data-start=\"939\" data-end=\"1027\">\n<li data-start=\"939\" data-end=\"986\">\n<p data-start=\"941\" data-end=\"986\">Cash receipts \u2264 5% of total receipts, and<\/p>\n<\/li>\n<li data-start=\"987\" data-end=\"1027\">\n<p data-start=\"989\" data-end=\"1027\">Cash payments \u2264 5% of total payments<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1029\" data-end=\"1142\">Essentially, if you run your business almost entirely in digital mode, you enjoy a higher audit threshold.<\/p>\n<h4 data-start=\"1149\" data-end=\"1197\"><span class=\"ez-toc-section\" id=\"For_Professionals_Section_44ABb\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1154\" data-end=\"1197\">For Professionals (Section 44AB(b))<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-start=\"1198\" data-end=\"1294\">If gross receipts exceed INR 50 lakh in a financial year : Audit required if gross receipts exceed INR 50 lakh in a financial year.\u00a0Tax audits become mandatory<\/p>\n<h4 data-start=\"1301\" data-end=\"1363\"><span class=\"ez-toc-section\" id=\"Presumptive_Taxation_Sections_44AD_44ADA_44AE\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1306\" data-end=\"1363\">Presumptive Taxation (Sections 44AD, 44ADA, 44AE)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-start=\"1365\" data-end=\"1535\">Under Section 44AD : Business: If you declare profit &lt; 6% (digital) or &lt; 8% (cash) of turnover and your income &gt; basic exemption limit : Audit required<\/p>\n<p data-start=\"1537\" data-end=\"1668\">Section 44ADA : Professionals: If profit declared &lt; 50% of receipts and income &gt; exemption limit : Audit mandatory<\/p>\n<p data-start=\"1670\" data-end=\"1829\">Under Section 44AE : Transporters: If you own \u2264 10 goods vehicles : presumptive profit = INR 1,000 per ton per month. If you declare less :Audit applies<\/p>\n<h4 data-start=\"1836\" data-end=\"1873\"><span class=\"ez-toc-section\" id=\"Loss_or_Low-Profit_Cases\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1841\" data-end=\"1873\">Loss or Low-Profit Cases<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-start=\"1874\" data-end=\"1912\">Even if turnover is below limits, but You report a loss or Declare profit below presumptive rate, and Your income exceeds the basic exemption limit Then Tax Audit is required<\/p>\n<p>Digital transactions threshold: For businesses with 95% or more receipts\/payments digitally, audit limit increases from INR 1 Cr to INR 10 Cr.<\/p>\n<p>Presumptive schemes:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>44AD: For small businesses; audit if declared profit is less than presumptive rate (6%\/8%).<\/li>\n<li>Section 44ADA: For professionals; audit if profit &lt; 50% of gross receipts.<\/li>\n<li>44AE: For transporters; audit if profit &lt; presumptive amount per vehicle.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 data-start=\"234\" data-end=\"280\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-30289\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-limit.jpg\" alt=\"When Does a Tax Audit Become Mandatory?\" width=\"837\" height=\"275\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-limit.jpg 688w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/10\/Tax-audit-limit-300x99.jpg 300w\" sizes=\"(max-width: 837px) 100vw, 837px\" \/><\/h2>\n<h3 data-start=\"1284\" data-end=\"1338\"><span class=\"ez-toc-section\" id=\"Tax_Audit_Mandatoryunder_Section_44AB\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1291\" data-end=\"1338\">Tax Audit Mandatoryunder Section 44AB:\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"group _tableWrapper_1rjym_13 flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"1339\" data-end=\"2241\">\n<thead data-start=\"1339\" data-end=\"1409\">\n<tr data-start=\"1339\" data-end=\"1409\">\n<th data-start=\"1339\" data-end=\"1366\" data-col-size=\"md\"><strong data-start=\"1341\" data-end=\"1365\">Category of Taxpayer<\/strong><\/th>\n<th data-start=\"1366\" data-end=\"1409\" data-col-size=\"md\"><strong data-start=\"1368\" data-end=\"1407\">Condition \/ Threshold for Tax Audit<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"1481\" data-end=\"2241\">\n<tr data-start=\"1481\" data-end=\"1604\">\n<td data-start=\"1481\" data-end=\"1514\" data-col-size=\"md\">Business (Non-presumptive)<\/td>\n<td data-col-size=\"md\" data-start=\"1514\" data-end=\"1604\">Turnover &gt; INR 1 crore, or INR 10 crore if cash transactions \u2264 5% of total receipts\/payments<\/td>\n<\/tr>\n<tr data-start=\"1605\" data-end=\"1654\">\n<td data-start=\"1605\" data-end=\"1625\" data-col-size=\"md\">Professionals<\/td>\n<td data-col-size=\"md\" data-start=\"1625\" data-end=\"1654\">Gross receipts &gt; INR 50 lakh<\/td>\n<\/tr>\n<tr data-start=\"1655\" data-end=\"1787\">\n<td data-start=\"1655\" data-end=\"1706\" data-col-size=\"md\">Business under Presumptive Scheme (Sec 44AD)<\/td>\n<td data-col-size=\"md\" data-start=\"1706\" data-end=\"1787\">Declares profit &lt; 6% (digital) \/ 8% (cash) and income &gt; basic exemption limit<\/td>\n<\/tr>\n<tr data-start=\"1788\" data-end=\"1908\">\n<td data-start=\"1788\" data-end=\"1845\" data-col-size=\"md\">Professionals under Presumptive Scheme (Sec 44ADA)<\/td>\n<td data-col-size=\"md\" data-start=\"1845\" data-end=\"1908\">Profit &lt; 50% of receipts and income &gt; basic exemption limit<\/td>\n<\/tr>\n<tr data-start=\"1909\" data-end=\"2006\">\n<td data-start=\"1909\" data-end=\"1952\" data-col-size=\"md\">Transporters (Sec 44AE, 44BB, 44BBB)<\/td>\n<td data-col-size=\"md\" data-start=\"1952\" data-end=\"2006\">Declares profit below prescribed presumptive limit<\/td>\n<\/tr>\n<tr data-start=\"2007\" data-end=\"2111\">\n<td data-start=\"2007\" data-end=\"2033\" data-col-size=\"md\">Business Loss Cases<\/td>\n<td data-col-size=\"md\" data-start=\"2033\" data-end=\"2111\">Turnover &gt; INR 1 crore and loss or low profit declared beyond exemption limit<\/td>\n<\/tr>\n<tr data-start=\"2112\" data-end=\"2241\">\n<td data-start=\"2112\" data-end=\"2157\" data-col-size=\"md\">Other Audits (Companies, Co-ops, etc.)<\/td>\n<td data-col-size=\"md\" data-start=\"2157\" data-end=\"2241\">If audited under any other law \u2192 same report may be used for Income Tax purposes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<h3 data-start=\"2248\" data-end=\"2301\"><span class=\"ez-toc-section\" id=\"Normaly_Due_Date_for_Tax_Audit_Report_FY_2024%E2%80%9325\"><\/span><span style=\"color: #000080;\"><strong data-start=\"2255\" data-end=\"2301\">Normaly Due Date for Tax Audit Report (FY 2024\u201325)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The CA uploads the report on the Income Tax portal, and the taxpayer must accept it in their login. following are last date :<\/p>\n<ul data-start=\"2302\" data-end=\"2487\">\n<li data-start=\"2302\" data-end=\"2395\">\n<p data-start=\"2304\" data-end=\"2395\">31st October 2025 \u2013 Extended due date for filing Tax Audit Report (Form 3CA\/3CB\u20133CD).<\/p>\n<\/li>\n<li data-start=\"2396\" data-end=\"2487\">\n<p data-start=\"2398\" data-end=\"2487\">31st October 2025 \u2013 For assessees with transfer pricing (Sec 92E) requirements.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2603\" data-end=\"2632\"><span class=\"ez-toc-section\" id=\"Audit_Report_Forms\"><\/span><span style=\"color: #000080;\"><strong data-start=\"2610\" data-end=\"2632\">Audit Report Forms<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"_tableContainer_1rjym_1\">\n<div class=\"group _tableWrapper_1rjym_13 flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" style=\"height: 173px;\" width=\"825\" data-start=\"2633\" data-end=\"3014\">\n<thead data-start=\"2633\" data-end=\"2671\">\n<tr data-start=\"2633\" data-end=\"2671\">\n<th data-start=\"2633\" data-end=\"2648\" data-col-size=\"sm\"><strong data-start=\"2635\" data-end=\"2647\">Form No.<\/strong><\/th>\n<th data-start=\"2648\" data-end=\"2671\" data-col-size=\"md\"><strong data-start=\"2650\" data-end=\"2669\">Applicable When<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"2713\" data-end=\"3014\">\n<tr data-start=\"2713\" data-end=\"2790\">\n<td data-start=\"2713\" data-end=\"2723\" data-col-size=\"sm\">Income tax Form 3CA<\/td>\n<td data-start=\"2723\" data-end=\"2790\" data-col-size=\"md\">Accounts already audited under another law (e.g. Companies Act)<\/td>\n<\/tr>\n<tr data-start=\"2791\" data-end=\"2845\">\n<td data-start=\"2791\" data-end=\"2801\" data-col-size=\"sm\">Income tax Form 3CB<\/td>\n<td data-start=\"2801\" data-end=\"2845\" data-col-size=\"md\">Accounts not audited under any other law<\/td>\n<\/tr>\n<tr data-start=\"2846\" data-end=\"2917\">\n<td data-start=\"2846\" data-end=\"2856\" data-col-size=\"sm\">Income tax Form 3CD<\/td>\n<td data-start=\"2856\" data-end=\"2917\" data-col-size=\"md\">Statement of prescribed particulars (annexure to 3CA\/3CB)<\/td>\n<\/tr>\n<tr data-start=\"2918\" data-end=\"3014\">\n<td data-start=\"2918\" data-end=\"2928\" data-col-size=\"sm\">Income tax Form\u00a0 3CE<\/td>\n<td data-start=\"2928\" data-end=\"3014\" data-col-size=\"md\">Applicable for non-residents\/foreign companies receiving royalty or FTS from India<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<h4 data-start=\"2085\" data-end=\"2139\"><span class=\"ez-toc-section\" id=\"Penalty_for_Non-Compliance_Section_271B\"><\/span><span style=\"color: #000080;\"><strong data-start=\"2090\" data-end=\"2139\">Penalty for Non-Compliance (Section 271B)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p data-start=\"2140\" data-end=\"2249\">Failure to get your accounts audited = Penalty of 0.5% of turnover or INR 1,50,000, whichever is lower. However, no penalty applies if there is a reasonable cause, such as Natural calamities, Resignation of CA or key staff, Labour unrest or strikes, Loss of records due to factors beyond control, Death or incapacity of partner in charge of accounts<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When Does a Tax Audit Become Mandatory? Not every taxpayer needs a tax audit. But once your turnover or income crosses certain limits, it becomes compulsory under the Income Tax Act. A tax audit ensures accuracy, transparency, and compliance. Maintain your books properly, stay digital to enjoy higher limits, and file your audit reports on &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10103],"tags":[10349],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30288"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=30288"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30288\/revisions"}],"predecessor-version":[{"id":30294,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/30288\/revisions\/30294"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=30288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=30288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=30288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}