Tax Audit in Delhi
Tax audit is mandatory for businesses crossing prescribed turnover limits under Income Tax Act.
When is Tax Audit Required?
- Business turnover exceeds ₹1 crore
- Professional income exceeds ₹50 lakh
Objectives of Tax Audit
- Ensure correct income reporting
- Detect tax evasion
- Improve compliance
A qualified Chartered Accountant in Delhi conducts tax audits and submits Form 3CA/3CB and 3CD.