{"id":16275,"date":"2023-08-29T11:22:16","date_gmt":"2023-08-29T11:22:16","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=16275"},"modified":"2024-05-10T11:15:29","modified_gmt":"2024-05-10T11:15:29","slug":"tax-audit-for-construction-2","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/","title":{"rendered":"Are there any threshold limit of tax audit for Construction Works &#038; Materials?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"88\" height=\"42\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 88px) 100vw, 88px\" \/><\/p>\n<h2 style=\"text-align: center;\">Tax Audit for Construction<\/h2>\n<h4><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg\" alt=\"Construction tax audit\" width=\"240\" height=\"160\" data-wp-editing=\"1\" \/><\/h4>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials. Under Section 44AB of the Income Tax Act, 1961, a construction company is required to get its accounts audited if its total turnover or gross receipts in business for the year exceeds Rs. 1 crore.\\n\\nThe threshold limit of Rs. 1 crore is applicable to all construction companies, regardless of whether they deal with works and materials, or only works, or only materials. However, there are some exceptions to this rule. For example, a construction company that is a start-up and has not been in existence for more than three years is not required to get its accounts audited, even if its turnover or gross receipts exceed Rs. 1 crore.\\n\\nIn addition to the threshold limit under Section 44AB, there are also some other factors that can trigger a tax audit for a construction company. For example, if the company has been involved in any tax evasion or avoidance schemes, or if the income tax authorities have any reason to believe that the company's accounts are not accurate, they may order a tax audit.\\n\\nIf you are a construction company that deals with works and materials, and your turnover or gross receipts for the year exceed Rs. 1 crore, you are required to get your accounts audited. You can appoint any chartered accountant to conduct the audit. The audit report must be submitted to the income tax authorities within six months of the end of the financial year.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials. <\/span><\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials. Under Section 44AB of the Income Tax Act, 1961, a construction company is required to get its accounts audited if its total turnover or gross receipts in business for the year exceeds Rs. 1 crore.\\n\\nThe threshold limit of Rs. 1 crore is applicable to all construction companies, regardless of whether they deal with works and materials, or only works, or only materials. However, there are some exceptions to this rule. For example, a construction company that is a start-up and has not been in existence for more than three years is not required to get its accounts audited, even if its turnover or gross receipts exceed Rs. 1 crore.\\n\\nIn addition to the threshold limit under Section 44AB, there are also some other factors that can trigger a tax audit for a construction company. For example, if the company has been involved in any tax evasion or avoidance schemes, or if the income tax authorities have any reason to believe that the company's accounts are not accurate, they may order a tax audit.\\n\\nIf you are a construction company that deals with works and materials, and your turnover or gross receipts for the year exceed Rs. 1 crore, you are required to get your accounts audited. You can appoint any chartered accountant to conduct the audit. The audit report must be submitted to the income tax authorities within six months of the end of the financial year.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">Under Section 44AB of the Income Tax Act, 1961, a construction company is require to get its accounts audit if its total turnover or gross receipts in business for the year exceeds Rs. 1 crore.<\/span><\/p>\n<p>The threshold limit of Rs. 1 crore is applicable to all construction companies, regardless of whether they deal with works and materials, or only works, or only materials.<\/p>\n<p>However, there are some exceptions to this rule. For example, a construction company that is a start-up and has not been in existence for more than three years is not require to get its accounts audit, even if its turnover or gross receipts exceed Rs. 1 crore.<\/p>\n<p>In addition to the threshold limit under Section 44AB, there are also some other factors that can trigger a tax audit for a construction company.<\/p>\n<p>For example, if the company has been involve in any tax evasion or avoidance schemes, or if the income tax authorities have any reason to believe that the company&#8217;s accounts are not accurate, they may order a tax audit.<\/p>\n<p>If you are a construction company that deals with works and materials, and your turnover or gross receipts for the year exceed Rs. 1 crore, you are require to get your accounts audited. You can appoint any chartered accountant to conduct the audit.<\/p>\n<p>The audit report must be submit to the income tax authorities within six months of the end of the financial year.<\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;For further details access our website: https:\/\/vibrantfinserv.com\\nTo visit: https:\/\/www.incometax.gov.in&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:1325571,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:4473924},&quot;15&quot;:&quot;Ubuntu, Helvetica, Arial, sans-serif&quot;,&quot;16&quot;:11,&quot;21&quot;:1,&quot;23&quot;:1}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:41,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\uee10{&quot;1&quot;:68}\uee10{&quot;1&quot;:79,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\" data-sheets-hyperlinkruns=\"{&quot;1&quot;:41,&quot;2&quot;:&quot;https:\/\/vibrantfinserv.com\/&quot;}\uee10{&quot;1&quot;:68}\uee10{&quot;1&quot;:79,&quot;2&quot;:&quot;https:\/\/www.incometax.gov.in\/&quot;}\uee10{&quot;1&quot;:107}\"><strong>To visit: <\/strong><a class=\"in-cell-link\" href=\"https:\/\/www.incometax.gov.in\/\" target=\"_blank\" rel=\"noopener\"><strong>https:\/\/www.incometax.gov.in<\/strong><\/a><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-15378 aligncenter\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/statutory-audit-shown-on-photo-260nw-2139154281.jpg\" alt=\"Statutory Audit Requirements\" width=\"240\" height=\"136\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;For further details access our website: https:\/\/vibrantfinserv.com\\nTo visit: https:\/\/www.incometax.gov.in&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:1325571,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:4473924},&quot;15&quot;:&quot;Ubuntu, Helvetica, Arial, sans-serif&quot;,&quot;16&quot;:11,&quot;21&quot;:1,&quot;23&quot;:1}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:41,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\uee10{&quot;1&quot;:68}\uee10{&quot;1&quot;:79,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\" data-sheets-hyperlinkruns=\"{&quot;1&quot;:41,&quot;2&quot;:&quot;https:\/\/vibrantfinserv.com\/&quot;}\uee10{&quot;1&quot;:68}\uee10{&quot;1&quot;:79,&quot;2&quot;:&quot;https:\/\/www.incometax.gov.in\/&quot;}\uee10{&quot;1&quot;:107}\"><strong>For further details access our website: <a class=\"in-cell-link\" href=\"https:\/\/vibrantfinserv.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/vibrantfinserv.com<br \/>\n<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax Audit for Construction Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials. Under Section 44AB of the Income Tax Act, 1961, a construction company is require to get its accounts audit if its total turnover or gross receipts in business for the year exceeds Rs.\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":15745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2441],"tags":[3396,3398,3397],"class_list":["post-16275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-finalization","tag-constructiontaxaudit","tag-materialsauditthreshold","tag-thresholdlimitsinconstructiontax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax Audit for Construction\/ Article\/ VibrantFinserv-<\/title>\n<meta name=\"description\" content=\"Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials.Under Section 44AB of the-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Audit for Construction\/ Article\/ VibrantFinserv-\" \/>\n<meta property=\"og:description\" content=\"Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials.Under Section 44AB of the-\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Knowledge Base | Vibrant Finserv\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T11:22:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-10T11:15:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"425\" \/>\n\t<meta property=\"og:image:height\" content=\"282\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"kbadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"kbadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\"},\"author\":{\"name\":\"kbadmin\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\"},\"headline\":\"Are there any threshold limit of tax audit for Construction Works &#038; Materials?\",\"datePublished\":\"2023-08-29T11:22:16+00:00\",\"dateModified\":\"2024-05-10T11:15:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\"},\"wordCount\":285,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg\",\"keywords\":[\"#ConstructionTaxAudit\",\"#MaterialsAuditThreshold\",\"#ThresholdLimitsInConstructionTax\"],\"articleSection\":[\"Account Finalization\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\",\"name\":\"Tax Audit for Construction\/ Article\/ VibrantFinserv-\",\"isPartOf\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg\",\"datePublished\":\"2023-08-29T11:22:16+00:00\",\"dateModified\":\"2024-05-10T11:15:29+00:00\",\"description\":\"Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials.Under Section 44AB of the-\",\"breadcrumb\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg\",\"contentUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg\",\"width\":425,\"height\":282,\"caption\":\"Tax Audit Report for Freelancers, Tax compliance and audit\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/vibrantfinserv.com\/kb\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Are there any threshold limit of tax audit for Construction Works &#038; Materials?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#website\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/\",\"name\":\"Knowledge Base | Vibrant Finserv\",\"description\":\"Your success, our passion !!\",\"publisher\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vibrantfinserv.com\/kb\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#organization\",\"name\":\"Knowledge Base | Vibrant Finserv\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg\",\"contentUrl\":\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg\",\"width\":200,\"height\":95,\"caption\":\"Knowledge Base | Vibrant Finserv\"},\"image\":{\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345\",\"name\":\"kbadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g\",\"caption\":\"kbadmin\"},\"sameAs\":[\"https:\/\/vibrantfinserv.com\/kb\"],\"url\":\"https:\/\/vibrantfinserv.com\/kb\/author\/kbadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax Audit for Construction\/ Article\/ VibrantFinserv-","description":"Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials.Under Section 44AB of the-","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/","og_locale":"en_US","og_type":"article","og_title":"Tax Audit for Construction\/ Article\/ VibrantFinserv-","og_description":"Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials.Under Section 44AB of the-","og_url":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/","og_site_name":"Knowledge Base | Vibrant Finserv","article_published_time":"2023-08-29T11:22:16+00:00","article_modified_time":"2024-05-10T11:15:29+00:00","og_image":[{"width":425,"height":282,"url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg","type":"image\/jpeg"}],"author":"kbadmin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"kbadmin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#article","isPartOf":{"@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/"},"author":{"name":"kbadmin","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345"},"headline":"Are there any threshold limit of tax audit for Construction Works &#038; Materials?","datePublished":"2023-08-29T11:22:16+00:00","dateModified":"2024-05-10T11:15:29+00:00","mainEntityOfPage":{"@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/"},"wordCount":285,"commentCount":0,"publisher":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#organization"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage"},"thumbnailUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg","keywords":["#ConstructionTaxAudit","#MaterialsAuditThreshold","#ThresholdLimitsInConstructionTax"],"articleSection":["Account Finalization"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/","url":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/","name":"Tax Audit for Construction\/ Article\/ VibrantFinserv-","isPartOf":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#website"},"primaryImageOfPage":{"@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage"},"thumbnailUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg","datePublished":"2023-08-29T11:22:16+00:00","dateModified":"2024-05-10T11:15:29+00:00","description":"Yes, there is a threshold limit of tax audit for construction companies that deal with works and materials.Under Section 44AB of the-","breadcrumb":{"@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#primaryimage","url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg","contentUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/tax-audit.jpg","width":425,"height":282,"caption":"Tax Audit Report for Freelancers, Tax compliance and audit"},{"@type":"BreadcrumbList","@id":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-for-construction-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/vibrantfinserv.com\/kb\/"},{"@type":"ListItem","position":2,"name":"Are there any threshold limit of tax audit for Construction Works &#038; Materials?"}]},{"@type":"WebSite","@id":"https:\/\/vibrantfinserv.com\/kb\/#website","url":"https:\/\/vibrantfinserv.com\/kb\/","name":"Knowledge Base | Vibrant Finserv","description":"Your success, our passion !!","publisher":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vibrantfinserv.com\/kb\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/vibrantfinserv.com\/kb\/#organization","name":"Knowledge Base | Vibrant Finserv","url":"https:\/\/vibrantfinserv.com\/kb\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/","url":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg","contentUrl":"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2025\/04\/logo.jpg","width":200,"height":95,"caption":"Knowledge Base | Vibrant Finserv"},"image":{"@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/51e4fe2a2fecbd55efb5d87c1afe5345","name":"kbadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vibrantfinserv.com\/kb\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3a13255b04334420c1e5998f8a775bdef7b1395bf244de67e7a3e44010893e4c?s=96&d=mm&r=g","caption":"kbadmin"},"sameAs":["https:\/\/vibrantfinserv.com\/kb"],"url":"https:\/\/vibrantfinserv.com\/kb\/author\/kbadmin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/16275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/comments?post=16275"}],"version-history":[{"count":8,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/16275\/revisions"}],"predecessor-version":[{"id":21044,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/posts\/16275\/revisions\/21044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/media\/15745"}],"wp:attachment":[{"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/media?parent=16275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/categories?post=16275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vibrantfinserv.com\/kb\/wp-json\/wp\/v2\/tags?post=16275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}