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AGARWAL SHASWAT & CO.
      • HOME
      • SERVICES
        • MAIN
        • REGION
      • FAQs
      • ARTICLES
        • POST OFFICE MIS
        • FORM 121
        • ALL ABOUT CRYPTO TAX
        • INCOME TAX RETURN (ITR) FILING
        • NAVIGATING STATUTORY AUDIT
        • DUE DILIGENCE ESSENTIALS
        • INCOME TAX ACT 2025
        • GSTAT IN INDIA
        • NRI TAXATION SIMPLIFIED
        • GST RETURN INSIGHTS FOR BUSINESSES
        • GST NOTICES EXPLAINED
        • TDS COMPLIANCE CHALLENGE IN INDIA
        • TAX AUDIT UNDER SECTION 44AB
        • ROC FILING MADE SIMPLE
        • MAINTAINING ACCOUNTING RECORDS
        • PENALTY FOR NON DISCLOSURE OF FOREIGN ASSETS OR INCOME
      • CONTACT FORM
      • ABOUT US
    • 6291442939
    • Sign in
    • C​ontac​t Us​​​​
    AGARWAL SHASWAT & CO | CHARTERED ACCOUNTANTS
    AGARWAL SHASWAT & CO
    CHARTERED ACCOUNTANTS
    6291442939
    Audit & Assurance Services

    Tax Audit & Statutory Audit Services in Kolkata

    Professional audit and assurance services for businesses, companies, LLPs, partnership firms, proprietorships, professionals and growing enterprises across Kolkata and nearby areas. Our audit approach focuses on financial review, tax compliance, reconciliation, documentation and statutory reporting.

    Tax Audit under Section 44AB Statutory Audit Internal Audit Audit & Assurance Kolkata & Howrah
    Professional Audit Support

    A structured audit process

    Tax Audit & Reporting Statutory tax-audit compliance and reporting
    Financial Review Books, ledgers, schedules and reconciliations
    Compliance Focus Tax, GST, TDS and financial-reporting checkpoints
    Audit Services in Kolkata

    Comprehensive Tax Audit, Statutory Audit & Internal Audit Solutions

    Agarwal Shaswat & Co. provides professional tax audit services in Kolkata and surrounding areas, together with statutory audit, internal audit, financial review and compliance support. The engagement is structured around the nature of the entity, financial records, applicable law and reporting requirements.

    01
    ₹

    Tax Audit under Section 44AB

    Tax audit services for eligible businesses and professionals, including examination of financial records, turnover, deductions and tax-reporting particulars.

    • Turnover and gross-receipt review
    • Tax-audit reporting and disclosures
    • Relevant statutory reconciliation
    • Form 3CA / 3CB / 3CD or applicable current form
    02
    ▣

    Company Statutory Audit

    Statutory audit support for companies, including examination of books, financial statements, accounting records and applicable reporting requirements.

    • Financial statement review
    • Balance sheet and P&L examination
    • Accounting-standard considerations
    • Applicable statutory reporting
    03
    ↗

    Internal Audit & Process Review

    Risk-focused internal audit and process review designed to identify documentation gaps, control weaknesses and recurring process issues.

    • Internal financial controls
    • Cash and inventory controls
    • Approval and authorization review
    • SOP and process assessment
    04
    ◫

    LLP & Partnership Firm Audit Support

    Financial review and compliance support for LLPs and partnership firms, including partner-related accounting and tax considerations.

    • Partner remuneration review
    • Interest on capital review
    • Profit-sharing calculations
    • Financial statement finalization support
    05
    ✓

    Pre-Audit Health Check

    A preparatory review before audit, bank-finance documentation, working capital renewal, investment discussions or tax-compliance finalization.

    • Ledger and balance review
    • Outstanding compliance checks
    • Documentation gap identification
    • Pre-finalization observations
    06
    ≡

    Financial & Tax Compliance Review

    Cross-checking of accounting data with tax and statutory information to identify inconsistencies before reporting or filing.

    • GST and accounting reconciliation
    • TDS review
    • AIS / TIS / Form 26AS comparison
    • Expense and deduction review
    Section 44AB Tax Audit

    Tax Audit CA in Kolkata for Detailed Compliance Review

    A tax audit is not limited to preparing a report. The underlying records, financial statements, tax positions and disclosures need to be reviewed systematically before the prescribed report is furnished.

    What our tax audit review covers

    The scope is aligned with the applicable tax-audit requirements and the financial records made available for examination.

    Section 44AB Form 3CA Form 3CB Form 3CD Form 26*

    *Form 26 applies to the tax year governed by the Income-tax Act, 2025 and the Income-tax Rules, 2026.

    Turnover & Revenue

    Review of sales, service receipts, gross receipts and relevant turnover calculations.

    Section 43B Review

    Review of specified statutory dues and amounts requiring attention, including applicable MSME payment-related provisions.

    Section 40A(3)

    Review of cash expenditure and other transactions relevant to applicable disallowance provisions.

    GST Reconciliation

    Comparison of relevant accounting records with GST returns and supporting data where applicable.

    TDS & TCS

    Review of applicable withholding, collection, challan and reporting information.

    AIS / TIS / 26AS

    Relevant tax-information reconciliation to identify potential differences before final reporting.

    Tax Audit Applicability

    When Can a Tax Audit Become Applicable?

    Applicability depends on the nature of activity, receipts or turnover, transaction profile and the relevant tax provisions. The following high-level thresholds are provided for general guidance.

    ₹1 Cr

    General Business Threshold

    Tax-audit applicability may arise where total sales, turnover or gross receipts exceed ₹1 crore, subject to the applicable provisions.

    ₹10 Cr

    Specified Low-Cash Business

    The enhanced ₹10 crore threshold may apply where the prescribed cash receipt and cash payment conditions are satisfied.

    ₹50 L

    Professionals

    For specified professions, tax-audit applicability is generally linked to gross professional receipts exceeding ₹50 lakh.

    44AB

    Presumptive Tax Cases

    Additional conditions can apply where presumptive-tax provisions are not followed or applicable prescribed income conditions are not met.

    Important: Tax-audit applicability is fact-specific. Turnover alone may not determine the requirement in every case. The applicable provisions, transaction profile, presumptive-tax history and other statutory conditions should be reviewed before concluding that a tax audit is required.
    Audit Review Areas

    Key Areas Examined During an Audit

    Audit procedures are tailored to the entity and engagement. Common review areas can include the following.

    Books & Ledgers Trial balance, ledgers, journal entries and account classifications.
    Bank Reconciliation Bank balances, unreconciled entries and supporting documentation.
    Fixed Assets Asset schedules, depreciation workings and relevant supporting records.
    Receivables & Payables Outstanding balances, ageing and reconciliation with underlying records.
    GST Records Relevant comparison of books, GST returns and available tax data.
    TDS / TCS Deduction, collection, challans, returns and reconciliation.
    MSME Payables Review of applicable payment timelines and Section 43B-related implications.
    Tax Disclosures Relevant disallowances, deductions and other statutory reporting particulars.
    Businesses We Serve

    Audit Services for Different Business Structures

    Audit and financial-review requirements differ according to the legal structure, nature of activity and applicable legislation.

    Private Limited Companies
    Public Companies
    LLPs
    Partnership Firms
    Sole Proprietorships
    HUF Businesses
    Professional Practices
    Startups & Emerging Businesses
    Traders & Business Operators
    Our Audit Process

    A Structured Four-Stage Audit Approach

    A systematic workflow helps organize records, identify review points and prepare the relevant reporting information.

    01

    Engagement & Scope

    Understand the entity, business activity, accounting system, transaction volume and reporting requirements.

    02

    Records & Verification

    Examine ledgers, schedules, bank records, supporting documents, reconciliations and relevant compliance data.

    03

    Observations & Resolution

    Identify discrepancies, missing information and potential reporting issues requiring clarification or correction.

    04

    Reporting & Filing

    Complete the applicable audit reporting, documentation and electronic filing process within the prescribed framework.

    Local Audit Coverage

    Tax Audit Services in Kolkata & Nearby Areas

    Agarwal Shaswat & Co. is based in Howrah and serves Kolkata and nearby commercial and business areas. Audit requirements can be discussed based on the entity's records, location and engagement scope.

    Our service coverage includes businesses and professionals across the Kolkata Metropolitan Region and surrounding locations.

    Dalhousie
    BBD Bagh
    Salt Lake Sector V
    Rajarhat New Town
    Park Street
    Ichapur
    Barabazar
    Uluberia
    Serampore
    Canning Street
    Garden Reach
    New Alipore
    Gariahat
    Jodhpur Park
    Southern Avenue
    Golf Green
    Rowland Road
    Kasba
    Professional Audit & Assurance

    Why Businesses Look for a Tax Audit Firm in Kolkata

    A professional audit process can help businesses organize accounting information, identify inconsistencies and address relevant compliance matters before statutory reporting and tax filing.

    Accounting-to-Tax Reconciliation

    Compare relevant financial records with tax, GST and withholding information to identify material differences requiring review.

    Documentation Discipline

    Organize supporting schedules, vouchers, statements and other documentation required for the engagement.

    MSME Compliance Review

    Review applicable outstanding dues involving micro and small enterprises and the related tax implications.

    Direct Professional Review

    A Chartered Accountant-led review provides an organized framework for discussing accounting, tax and reporting observations.

    Business-Specific Approach

    Audit procedures are adapted to the legal structure, nature of business, accounting systems and applicable statutory requirements.

    Compliance Before Filing

    Potential information gaps can be identified before the applicable report or return is finalized and submitted.

    Frequently Asked Questions

    Tax Audit & Statutory Audit FAQs in Kolkata

    Common questions about tax audit applicability, forms, thresholds, documentation and audit reporting.

    What is a tax audit under Section 44AB?
    A tax audit is an examination of specified accounts by a Chartered Accountant where the prescribed tax-law conditions require an audit report to be furnished. The scope and reporting requirements depend on the applicable provisions and the nature of the assessee.
    What is the tax audit turnover limit for business?
    The general business threshold is ₹1 crore. An enhanced threshold of ₹10 crore can apply where the prescribed cash-receipt and cash-payment conditions are satisfied. Applicability should be determined from the complete facts of the business.
    What is the tax audit limit for professionals?
    For specified professions, the gross-receipt threshold is generally ₹50 lakh. Other provisions can also affect whether a tax audit is required.
    What is the difference between Form 3CA and Form 3CB?
    Under the earlier tax-audit framework, Form 3CA was used where the accounts were already audited under another law, while Form 3CB was used for other assessees. Form 3CD contained the detailed statement of particulars. For Tax Year 2026–27, the Income-tax Department has prescribed Form 26 as the unified tax-audit report under the new framework.
    Does the ₹10 crore tax-audit threshold apply to professionals?
    No. The enhanced ₹10 crore threshold relates to the specified business conditions. Professionals continue to have the separate applicable gross-receipt threshold.
    Can a business require a tax audit even when there is a loss?
    A business loss does not by itself remove a tax-audit requirement. Applicability depends on the relevant turnover, receipts and statutory conditions, including provisions relating to presumptive taxation.
    Do F&O or intraday traders need a tax audit?
    Tax-audit applicability for F&O and intraday trading depends on the applicable method of computing turnover, the resulting figures, the nature of income or loss and other relevant tax provisions. Individual facts should therefore be examined before deciding whether an audit is required.
    What documents are generally required for a tax audit?
    Depending on the engagement, documents can include finalized financial statements, trial balance, general ledgers, bank statements, reconciliations, GST records, TDS records, Form 26AS, AIS/TIS, fixed-asset schedules, stock records and supporting vouchers.
    What is Section 43B(h) in relation to MSME payments?
    Section 43B includes a provision relating to sums payable to micro or small enterprises beyond the payment period specified under Section 15 of the MSMED Act, 2006. Such amounts may have tax-deduction implications and therefore require appropriate review during tax finalization and audit.
    What is the penalty for failure to comply with tax-audit requirements?
    Section 271B provides for a penalty equal to 0.5% of total sales, turnover or gross receipts, subject to a maximum of ₹1,50,000, where the prescribed tax-audit requirement is not complied with, subject to the provisions of law.
    What is the tax-audit due date?
    The applicable due date depends on the relevant assessment year or tax year and the applicable return-filing category. Tax-audit deadlines may also be extended by the CBDT. The current statutory deadline should therefore be verified for the relevant year before filing.
    Can statutory audit and tax audit be handled together?
    Where legally permissible and appropriate to the engagement, related financial information can be reviewed in a coordinated manner. The specific audit responsibilities and independence requirements applicable to each engagement should be considered separately.

    Discuss Your Tax Audit or Audit Requirement

    Businesses and professionals in Kolkata, Howrah and nearby areas can discuss the nature of their accounts, turnover, statutory requirements and proposed audit scope.

    Call 6291442939 cashaswat.com
    Information on this page is intended for general guidance. Tax-audit applicability, reporting requirements, statutory forms and deadlines can depend on the relevant tax year, entity, transaction profile and subsequent legislative or CBDT changes.
    Disclaimer: For informational purposes only. Not professional advice. Please consult a qualified professional before acting on any information.

    AGARWAL SHASWAT & CO

    81/1, Salkia Scho​ol Road,

    Bandhaghat, Howrah - 711106

    • 6291442939
    • cashaswat@gmail.com
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