Tax Audit Services in Hyderabad – Nikitha Associates
Expert Tax Audit Support for Hassle-Free Income Tax Compliance
Looking for reliable tax audit services in Hyderabad? At Nikitha Associates, we provide comprehensive tax audit assistance for businesses and professionals as per the requirements of the Income Tax Act, 1961. Our qualified Chartered Accountants ensure complete accuracy in reporting and filing, helping you stay compliant and avoid penalties.
Whether you’re an individual with business income or a corporate entity crossing the turnover threshold, our tax audit experts handle everything from financial review to final report filing (Form 3CA/3CB & 3CD).
What is a Tax Audit?
A Tax Audit is an examination and verification of the books of accounts of an assessee carried out under Section 44AB of the Income Tax Act. The primary goal is to ensure that income, deductions, and claims are reported accurately and that business records meet the prescribed accounting standards.
Who Needs a Tax Audit?
You are liable for a tax audit if:
- Your business turnover exceeds ₹1 crore (or ₹10 crore if 95% transactions are digital)
- Your professional income exceeds ₹50 lakh
- You opt for presumptive taxation (Section 44AD/44ADA/44AE) but declare income below the prescribed limit
You are required to get books audited under any other law (e.g., Companies Act)
Our Tax Audit Services Include:
✅ Review & Verification of Books of Accounts
✅ Preparation & Filing of Form 3CA/3CB and 3CD
✅ Reconciliation of Income & Expenses
✅ Tax Depreciation and TDS Review
✅ Compliance with Accounting Standards & Tax Rules
✅ Support During Income Tax Scrutiny or Notices
✅ Consultation on Tax-Saving Strategies Post-Audit
Why Choose Nikitha Associates for Tax Audit?
✅ Experienced Chartered Accountants & Tax Professionals
✅ Accurate and Compliant Audit Reporting
✅ 100% Confidentiality of Your Financial Data
✅ Quick Turnaround Time
✅ Affordable Tax Audit Packages for SMEs & Professionals
✅ End-to-End Compliance – From Books Review to IT Filing
Avoid Penalties – Ensure Timely Tax Audit Filing
Missing the tax audit deadline may lead to:
- Penalty of 0.5% of turnover or up to ₹1,50,000 under Section 271B
- Increased scrutiny from the Income Tax Department
- Rejection of deductions or tax benefits
Let Nikitha Associates help you avoid these risks with timely and professional tax audit services.
Nikitha Associates – Trusted Tax Audit Experts in Hyderabad
