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A tax audit is the process of verification and inspection of the accounts of a taxpayer to confirm their adherence to the provisions of the Indian Income Tax law.
Section 44AB of the Income Tax Act, 1961 deals with the Audit of the Accounts of a certain category of persons carrying on a business or engaged in a profession. The class of taxpayers listed under this section compulsorily have to get their accounts audited by a Chartered Accountant.
SIGMAC & Co. are very well-versed in Tax Audit. Our aim is to reduce the tax burden and review the disallowances and deductions under the various parameters of Income Tax Act, 1961. The assessment is done with attention to the figures for computing the accurate assessable income. Our Tax Audit department provides various tax audit services adhering to high auditing and accounting standards and based on the comprehensive statutory and regulatory requirements of Income Tax Act, 1961, provide a comprehensive tax report.