20/07/2025
This blog outlines exactly what to prepare & how to present it in a structured, audit-ready format.
1. Understand what triggers an audit: If your business exceeds ₹1 crore (or ₹10 crore with minimal cash use) or if you're a professional earning over ₹50 lakhs annually, an audit under Section 44AB is mandatory.
2. Documentation is everything: Audits are won or lost in your paperwork. You’ll need everything from financial statements and ledgers to GST returns, Form 26AS, fixed asset registers, and loan agreements.
3. Reconciliation prevents red flags: Before the auditor checks, you should too. Reconcile your books with bank statements, ensure your TDS matches what’s on Form 26AS, and cross-check GST filings with actual sales data.
4. Your CA is more than just support: A Chartered Accountant doesn’t just help you gather documents; they can represent you, respond to auditor queries, and ensure compliance is met without stress.
Read the full blog here: https://www.kirtanepandit.com/blog-detail/59/how-to-prepare-for-a-tax-audit-a-step-by-step-checklist-from-ca-experts