Business ITR & 44AB Tax Audit in Karad

What's included

• Business ITR-3, ITR-5 (Partnership/LLP) & ITR-6 (Pvt Ltd) filing
• Tax audit under Section 44AB with Form 3CA/3CB and 3CD
• Balance sheet & Profit & Loss preparation for bank credit/loans
• Presumptive taxation analysis (Section 44AD / 44ADA vs Regular Books)
• GST vs Income Tax turnover reconciliation (GSTR-9 & 26AS/AIS)
• Advance tax scheduling and Section 234A/B/C interest mitigation

Comprehensive Business Tax & Audit Services for Karad

Karad is the vibrant commercial, healthcare, and educational nucleus of Satara district. From large wholesale traders in the APMC market and engineering workshops in Ogalewadi and Malkapur, to multi-specialty hospitals, contractors, and retail conglomerates along Kolhapur Naka and Station Road — business complexity in Karad demands rigorous, zero-penalty Chartered Accountant expertise.

CA Reshma Jadhav & Company provides full-spectrum Business Income Tax Return (ITR) filing, Section 44AB Tax Audit, balance sheet finalization, and compliance management for businesses across Karad.

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Which Karad Businesses Require a Tax Audit u/s 44AB?

Under the Income Tax Act, 1961, Section 44AB mandates an audit of accounts by a practising Chartered Accountant for:

1. Commercial & Trading Enterprises: Total turnover exceeds ₹1 Crore in the financial year.
2. Cash-Light Business Relief (₹10 Crore Limit): If aggregate cash receipts and aggregate cash payments each do not exceed 5% of total turnover/expenditure, the audit threshold rises to ₹10 Crore.
3. Doctors, Consultants & Professionals in Karad: Gross professional receipts exceed ₹50 Lakh (or ₹75 Lakh under Section 44ADA where cash is $\le 5%$).
4. Presumptive Tax Defaulters: Businesses declaring net profit below the statutory presumptive rate (8% on cash turnover / 6% on digital turnover under Section 44AD) whose total income exceeds the basic exemption limit.

Failure to conduct a timely tax audit attracts a mandatory penalty under Section 271B of 0.5% of total sales/turnover, capped at ₹1,50,000.

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Business Entities Serviced in Karad

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Why Karad Entrepreneurs Work with CA Reshma Jadhav

• Direct CA Representation: No dealing with junior clerks or remote call centres. Your audit and balance sheet are reviewed directly by CA Reshma Jadhav (FCA, DISA, M.Com).
• Turnover Reconciliation: Complete reconciliation between GST outward supplies (GSTR-1 / GSTR-3B) and Income Tax AIS/26AS, eliminating scrutiny notices under Section 143(2).
• Bank-Grade Financial Statements: Balance sheets and CMA data structured to meet the credit underwriting criteria of SBI Karad, Bank of Maharashtra, Karad Urban Co-operative Bank, and Krishna Sahakari Bank.
• Consultation in Marathi, Hindi & English: Transparent discussions explaining your exact tax position without accounting jargon.
• Hybrid Service Delivery: Documents transferred securely via WhatsApp (+91 81779 22977) or portal, with in-person review sessions scheduled in Satara or Karad.