A tax audit is a crucial compliance requirement for businesses in India. It ensures that financial records are maintained properly and tax laws are followed. If your business falls under the purview of a tax audit as per Section 44AB of the Income Tax Act, you need to prepare the necessary documents. Here’s a complete list of documents required for a tax audit in Delhi.
1. Financial Statements
- Balance Sheet
- Profit & Loss Account
- Cash Flow Statement (if applicable)
- Notes to Accounts
2. Books of Accounts
- General Ledger
- Sales and Purchase Register
- Stock Register
- Expense Ledger
- Bank Statements
3. Tax-Related Documents
- Income Tax Returns of previous years
- GST Returns (GSTR-1, GSTR-3B, GSTR-9)
- TDS Certificates (Form 16 & Form 16A)
- Tax Payment Challans
4. Audit Reports & Compliance Records
- Previous Year’s Audit Report (if applicable)
- Fixed Assets Register
- Loan and Investment Details
- Depreciation Schedule
5. Supporting Documents
- Invoices for major transactions
- Contracts and Agreements
- Bank Loan Statements
- Employee Salary Register
Why Choose a Professional Tax Audit Service in Delhi?
Maintaining compliance with tax audit regulations can be complex. A reputed CA Firm in Delhi NCR ensures accuracy in financial records, timely submissions, and compliance with tax laws. Professional auditors help businesses avoid penalties and ensure smooth financial management.
If you need expert assistance, hiring a trusted Tax Audit Service in Delhi is the best decision. A professional CA can guide you through the process and ensure that all necessary documents are in order for a hassle-free tax audit.
