Tax audit is a cross-examination of the books of accounts of an organization to check their compliance with the Income Tax laws. It revolves around reconciliations during the whole process.

It typically involves:

• Business’s information including PAN
• Getting external documents
• Checking data from different sources
• Vouching and reconciling the transactions presented in the books of accounts
• Checking the disallowances under the different sections of the Income Tax Act and rules