A tax audit is a mandatory examination of a business’s financial records under Section 44AB of the Income Tax Act, 1961. It ensures that the income and deductions declared by an assessee are accurate, and that the books of accounts comply with the provisions of Indian tax law. Tax audits also serve as a safeguard against tax evasion, scrutiny, and litigation.
MMG Consulting offers expert-led tax audit services to help you meet deadlines, reduce risk, and maintain clean, compliant financial records.
Complete audit of books of accounts, ledgers, and transactions for businesses and professionals above the turnover threshold.
Preparation and e-filing of the detailed tax audit report in the prescribed format with disclosures, ratios, and annexures.
Advisory on applicability of audit based on turnover, presumptive schemes, professional receipts, and business category.
In-depth reporting under each clause of Form 3CD, including depreciation, TDS, GST, loans, disallowances, and more.
Ensure consistency between books of accounts, ITRs, and GST returns to avoid mismatches and scrutiny.
Post-filing assistance with income tax notices, assessment proceedings, and representation before tax authorities.
Assess your turnover, income type, and audit applicability under Section 44AB or 44ADA/44AE.
Gather financials, tax returns, depreciation schedules, TDS data, and other relevant reports.
Clause-wise analysis, verification, and entry of data into audit report format (3CA/3CB & 3CD).
Discuss audit observations, resolve data inconsistencies, and finalize annexures and certifications.
E-file tax audit report and offer support during income tax scrutiny or follow-up inquiries.
Our team brings deep tax expertise and practical insight to ensure smooth and compliant audits.
We identify and address red flags across all 40+ clauses of Form 3CD to reduce future risk.
Avoid late filing penalties with our structured audit timelines and proactive communication.
We handle reconciliation with ITRs, GST, and TDS returns—ensuring consistency across filings.
Our audits help prevent interest, penalties, and scrutiny by ensuring all disclosures are properly handled.
Meet your obligations under Section 44AB and avoid interest or penalties for late or incorrect filing.
Our clause-wise checks and reconciliations reduce chances of future scrutiny or assessments.
Ensure audit-ready ITRs with matched income, expense, depreciation, and tax credit data.
Leave complex audit processes to us and free up time for operations and growth.
Beyond audit, get insights into tax-saving opportunities, disallowed expenses, and financial hygiene.
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India’s payroll landscape has grown increasingly complex. Organizations must manage Provident Fund (PF), Employee State Insurance (ESI), Professional Tax, TDS…
Any business exceeding ₹1 crore in turnover (or ₹10 crore if 95% transactions are digital) or a professional earning over ₹50 lakhs must undergo a tax audit.
Usually by 30th September (or as notified by the Income Tax Department) for the assessment year.
A penalty of 0.5% of turnover or up to ₹1.5 lakhs may be levied for non-compliance under Section 271B.
Yes. We provide integrated audit services for companies requiring both, ensuring consistency and efficiency.
Form 3CD is a detailed annexure that includes 40+ clauses capturing financial, tax, and compliance details. It forms a key part of the tax audit report.
As an accounting firm, we take pride in being able to assist other companies providing trusted accounting support.
