Checklist
Tax audit: what to have ready before 30 September
If your business's turnover crosses the limit, its accounts need a tax audit. The audit goes faster when these are ready in August.
A tax audit is a check of your accounts against the Income-tax Act, with a report in a set form. It is due well before the return itself.
Have these ready
- Books of account closed for the year
- Bank statements and reconciliations
- Stock statement as on 31 March
- TDS returns and challans
- A list of loans taken and repaid, with PAN of each lender
Sample note written for a website template.
This note is general information as at 20 August 2026. It isn't advice for any particular case; the law may have changed since.