The main objective of the tax audit is to compute the taxable income according to the law and for maintaining transparency in the financial statements filed by the assesses with the Income-tax department.
The tax audit u/s. 44AB of the Income-tax Act 1961 is significant practice area for Chartered Accountants. Every organization, which has turnover of more than 40 lacs, has to obtain a tax audit services report from a chartered accountant in certain cases. We outsource such tax audit services for all small and big companies and corporations of diverse sectors.