When the Income Tax Department calls for an audit, Suhas Patil & Co prepares your documentation, attends hearings, and manages every submission on your behalf.
A tax audit under Section 44AB of the Income Tax Act requires a Chartered Accountant to examine your books and certify that income, deductions, and compliance are accurately reported. For businesses in Bandra Kurla Complex and across Mumbai, the filing deadline and documentation standards are strict, and any gap invites scrutiny.
Suhas Patil & Co manages the full audit cycle: compiling financial statements and supporting records, preparing Form 3CA or 3CB along with Form 3CD, coordinating with the assessing officer, and submitting responses within the prescribed timelines. Our team flags discrepancies before the department does, giving you time to correct rather than defend.
Businesses with turnover exceeding the threshold under Section 44AB, professionals whose gross receipts cross the prescribed limit, and entities opting out of presumptive taxation schemes are all required to get their accounts audited. For companies operating in BKC, where transaction volumes are high and multi-year compliance histories matter, accurate audit reports protect against future notices.
If your business has received a notice asking for audit-related documents, or if you are approaching the threshold for the first time, early engagement with a specialist reduces risk significantly.
A clear process from the first document request to final submission.
We assess your books, turnover figures, and prior filings to identify any gaps before the formal audit begins.
We gather profit and loss accounts, balance sheets, bank statements, and supporting schedules required under Form 3CD.
Our CA prepares and reviews Form 3CA or 3CB and the detailed Form 3CD clauses, reconciling every figure against your ITR.
We file the audit report within the due date and respond to any queries raised by the assessing officer on your behalf.
For businesses, the threshold is Rs 1 crore of gross turnover in a financial year. For professionals, it is Rs 50 lakh of gross receipts. Businesses opting for presumptive taxation under Section 44AD or 44ADA have a higher limit of Rs 2 crore, subject to conditions.
Under Section 271B, the penalty is 0.5% of total sales or gross receipts, subject to a maximum of Rs 1.5 lakh. Filing late or with errors also increases the risk of scrutiny notices.
Yes. Our team prepares all required documentation and attends proceedings before the assessing officer on your behalf, including responding to notices and clarifications.
We recommend engaging at least six to eight weeks before the due date. This gives sufficient time to reconcile books, address discrepancies, and prepare Form 3CD without rushing.
Yes. We work with proprietorships, partnerships, LLPs, and private limited companies operating in Mumbai and the BKC area.
Suhas Patil & Co is based in Bandra Kurla Complex and works with Mumbai businesses on audit preparation, filing, and officer representation.
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