Tax Audit as per Sec 44AB of the Income Tax Act is applicable to a business or profession in certain specified situations. 


Under Tax Audit, a charted accountant ensures whether the books of accounts are correctly prepared and the taxable income is accurately calculated as per the provisions of the Income Tax Act. 



To opt-out/ opt-in for Tax Audit on Quicko

  • Navigate to REVIEW > TAX AUDIT from the side nav
  • On the next screen, you will see Audit Recommendation under section 44AB
  • Click on Are you getting your books audited?
  • Here, you can opt-in for a tax audit by clicking on Yes or opt out by clicking on No
  • Click on SAVE



Note:
If you opt in for tax audit you will be required to submit auditor details and audit report details before clicking on SAVE button. Refer to What happens if I opt in for Tax Audit?



Read more about Tax Audit Report.