Confirm whether tax audit applies
Section 44AB applies based on turnover / receipts and the nature of business or profession, with thresholds and conditions that change over time. Do not assume last year’s position. Ask your CA early in the year if audit is likely — see Section 44AB explained simply.
Core books and statements
- Trial balance and complete ledgers
- Financial statements (P&L, balance sheet, notes)
- Cash book / bank book and bank statements with reconciliations
- Stock records where inventory matters
Tax and GST bridges
- GST turnover reconciliation to books
- Income-tax computation workings
- Prior-year return, tax audit report, and assessment orders if any
- TDS / TCS summaries and challans
Assets, loans, and related parties
- Fixed asset register and depreciation workings
- Loan statements and interest certificates
- Related-party transactions and supporting agreements
- Advances, deposits, and contingent liabilities you know about
How we run audits from Raipur
At Gupta Karan & Co we prefer a document list upfront, a mid-engagement issue list, and a clear sign-off — not a last-minute PDF dump. Read audit services in Chhattisgarh or WhatsApp +91 96851 77940 to start.