With massive capital inflows, asset acquisitions, and government subsidies flowing into renewable energy and EV manufacturing, statutory tax audits carry significant stakes. A tax audit is not just a regulatory compliance exercise; it is an independent validation of your financial health, asset valuations, and deductions. By verifying your books of accounts under Section 44AB of the Income Tax Act, our corporate tax audit team protects your business against future re-assessments, validates state-level capital subsidy claims, and ensures your financial statements are transparent for institutional lenders.
Ensure complete compliance with direct tax rules and verify the accuracy of your financial statements through independent Tax Audits under Section 44AB. Businesses exceeding turnover limits must undergo a formal tax audit to verify their deductions, tax computations, and compliance with TDS regulations. Our certified auditors review your accounting books, verify tax schedules, and file the comprehensive Form 3CD report on the e-filing portal.
In renewable energy installations, classifying a payment as either a capital expenditure (subject to block depreciation) or a revenue expense (directly deductible) significantly affects taxable income. Our tax audit focuses heavily on validating these classifications for transmission lines, land grading, and grid connectivity charges. This precise categorization eliminates the risk of tax authorities retroactively disallowing major business expense deductions.
EV manufacturers often conduct significant business with sister companies, parent groups, and joint venture partners for components, raw materials, or engineering services. Our audit checks all related-party transactions reported in Form 3CD to ensure they comply with transfer pricing rules and arm's-length principles. This proactive audit step prevents transfer-pricing disputes and safeguards corporate valuations during regulatory reviews.
Thorough auditing of income statements against turnover limits to fulfill statutory requirements.
Detailing expenditures, loans, and withholding tax compliance in the mandatory Form 3CD report.
Cross-verifying your financial books against direct and indirect tax returns to eliminate mismatches.
Direct, secure upload of certification documents and tax audit reports to the e-filing portal.
A tax audit is required if business turnover exceeds Rs 10 crore (where cash transactions are under 5%) or Rs 2 crore under normal terms.
Form 3CD is a comprehensive 44-paragraph statement detailing transaction compliance, deductions, and withholding details.
The statutory deadline for filing the tax audit report under Section 44AB is September 30th of the assessment year.
Comprehensive solutions tailored perfectly to your industry.
Increase your authorized share capital ceiling with precise stamp duty calculations and Form SH-7 filings.
