A business or profession may be audited under Section 44AB of the Income Tax Act in certain circumstances. An audit report is prepared by Chartered Accountants after they have audited the books of accounts of businesses in practice. As per the Income Tax Act, a CA ensures that the books of accounts are properly prepared and that the taxable income is calculated accurately. A guide to filing tax audit forms 3CA-3CD and 3CB-3CD through Gen Bal Software. The forms, penalties, and deadlines for filing are also listed. Read also: https://blog.saginfotech.com/file-form-3ca-3cd-3cb-3cd-gen-bal-software