Section 271B
0.5% of turnover / gross receipts, up to a maximum of ₹1,50,000 for failing to get audited or file the report in time.
Tax Audit (Sec 44AB)
Quick Reference for Your Business
Income-Tax Audit by a CA — Who Must Get Audited · Forms & Due Dates · Penalties
01
Who Must Get A Tax Audit
| Category | Threshold |
|---|---|
| Business | Turnover > ₹1 crore (> ₹10 crore if cash receipts & payments each ≤ 5%) |
| Profession | Gross receipts > ₹50 lakh |
| 44AD (presumptive) | If declaring < 8% / 6% and total income above basic exemption |
| 44ADA (presumptive) | If declaring < 50% and total income above basic exemption |
02
Forms & Due Dates
| Item | Detail |
|---|---|
| Audit forms | Form 3CA/3CB + 3CD (statement of particulars) |
| Audit report due | 30 September 2026 |
| ITR due (audit cases) | 31 October 2026 |
| Transfer pricing cases | Form 3CEB by 31 Oct; ITR by 30 Nov |
03
Penalties
Knock-on effects
Late ITR interest under 234A, loss of certain deductions, and higher scrutiny risk.
Note:
Only a practising CA can sign a tax audit. The report must be uploaded and accepted on the e-filing portal before the ITR is filed. Penalty under 271B can be waived for genuine reasonable cause (Section 273B).
04
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