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CA Rinky Vishwakarma, Fellow Chartered Accountant
CA Rinky VishwakarmaFellow Chartered Accountant · SVT & AssociatesICAI No.: 177507
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Audit for Your Industry

Audit for Freelancers and Consultants: Receipts, Presumptive Scheme and Audit, Checked for You

A clear answer on whether your receipts need a tax audit or the presumptive scheme works, then the audit when required.

First stepFree scoping callReply within 2 hours
FeeFixed, in writingBefore you pay
Signed byPractising CAUDIN on every report
A freelancer or consultant needs a tax audit when gross professional receipts exceed Rs 50 lakh. Below that, the presumptive scheme may allow tax on a deemed profit without full books, but declaring a lower profit above the exemption limit brings an audit back. Foreign receipts and platform payouts count in the receipts.
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1,000+ clients served
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Reviewed by CA Rinky Vishwakarma (ICAI No.: 177507) · Last updated

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CA Rinky VishwakarmaReviewed by CA Rinky Vishwakarma · ICAI No.: 177507
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1,000+
Clients served
20 years
Combined experience
4.8 ★
Google rating
UDIN
On every audit report
Who Needs This

Who Needs Audit for Freelancers and Consultants

The Details

Audit for Freelancers and Consultants: what to know

What counts as receipts

Gross receipts include professional fees received from clients in India and abroad, platform payouts, and retainers, before any TDS. Reimbursements are treated based on how they are billed. Receipts across all platforms are added before testing the limit.

The presumptive scheme can save book-keeping, but a lower declared profit above the exemption limit needs books and an audit. See the tax audit service, the doctors and clinics page for a similar professional rule, and accounting for freelancers for the books.

Freelancer tax audit decision
SituationAudit?
Receipts above Rs 50 lakhYes
Presumptive scheme, profit at or above prescribed rateGenerally no
Presumptive scheme, lower profit and income above exemption limitYes
What You Get

What Is Included

  • Receipts reconciliation across platforms
  • Tax audit with Form 3CB and 3CD
  • Presumptive vs regular books advice
  • TDS credit matching
  • Review of expenses and depreciation
  • UDIN on every report
Documents Required

Documents Checklist

  • Bank and platform statements
  • Client invoices
  • Form 26AS or AIS
  • Foreign remittance advices
  • Expense bills
  • Previous returns

Free printable list: audit documents checklist format.

How It Works

How It Works, Step by Step

  1. Share your details

    Fill the form or WhatsApp us with your entity type and last year's turnover

    Day 1
  2. Free scoping call

    The CA reviews your trial balance, confirms the audit scope and quotes a fixed fee in writing

    Within 2 working days
  3. Audit fieldwork

    Testing, queries and adjustments on your records, with a clear list of open points

    Timeline agreed in writing
  4. Signed report with UDIN

    The CA signs the report, generates the UDIN and supports the follow-on filings

    On the agreed date
Transparent Fees

Audit Fees: Fixed in Writing After Free Scoping

The ICAI does not prescribe audit fees, so we do not publish a list price that would not fit your case. We scope your books for free and quote one fixed fee in writing, and you pay only after you accept it.

What decides your audit fee
FactorWhy it mattersEffect on fee
Turnover and transaction volumeMore entries to testHigher with more entries
Locations or branchesMore places to verifyHigher with each location
State of the booksUnreconciled books need cleaning firstLower with clean books
Reporting neededCARO, internal financial controls, consolidationHigher with more reports
TimelineShort notice means overtimeHigher if rushed
How the quote is laid out
LineHow it is shown
Our professional feeFixed amount in writing after scoping
GST at 18%Shown on its own line
Government or statutory fees (for example MCA filing fees)At actuals, shown separately
Total payableStated before you commit

Read the full explanation in our guide: audit fees in India.

Client Reviews

What Our Clients Say

G
★★★★★
4.81,000+ clients · View on Google Maps
★★★★★

"Ever since my association, I am impressed with the professionalism and personal conduct of the firm. Clients are made to feel belonging."

RS
Rachana SinghBusiness Owner · Google review
★★★★★

"An extremely professional setup, very responsible to all our needs. Strongly recommend for taxation and accounting services."

AD
Abhishek DubeyEntrepreneur · Google review
★★★★★

"The best for auditing, finance, and budget analysis. Will consistently give the best possible solution, worth every penny."

MS
Mayur SinkarCFO, Startup · Google review
Your CA

Reviewed and Signed by a Practising Chartered Accountant

CA Rinky Vishwakarma, Fellow Chartered Accountant, ICAI No. 177507

CA Rinky Vishwakarma

Signing Chartered Accountant, SVT & Associates
ICAI No.: 177507Fellow CA – ICAI20 years combined experience1,000+ clients served

Fellow Chartered Accountant (FCA) with over 12 years of experience across Big 4 audit, investment banking and independent practice. Personally reviews each engagement before sign-off, and signs audit reports in her capacity as a practising CA. Full profile: CA Rinky Vishwakarma.

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FAQ

Frequently Asked Questions

Do foreign receipts count toward the limit?

Yes. Gross receipts from all sources, in India and abroad, are added. We convert foreign receipts at the applicable rates.

Can I switch between presumptive and regular books?

There are conditions on switching, and a lower declared profit in a later year can bring consequences. We review your history before advising.

Is GST part of receipts?

Receipts are generally tested net of GST collected, depending on how the books treat it. We confirm the treatment on your books.

How long does an audit take?

The main driver is how complete and reconciled your books are when we start. Clean books with bank reconciliations done move quickly, while backlog, missing vouchers or unreconciled GST and TDS add time. After reviewing your trial balance and documents, we give you a timeline in writing before you commit.

How much does an audit cost?

The ICAI does not prescribe audit fees. The fee depends on turnover, transaction volume, number of locations or branches, state of the books, and the reporting needed, such as CARO or internal financial controls. We scope your case for free and share a written estimate. You pay only after you accept it.

How do I verify the UDIN on an audit report?

Every audit, attest and assurance report signed by a practising CA must carry an 18-digit UDIN generated through ICAI. You can check it at udin.icai.org. For tax audit reports, the UDIN is also quoted on the Income Tax e-filing portal when the report is uploaded.

Do you serve clients outside Mumbai?

Yes. Documents are shared online and review calls run on phone or video, so most audits can be run remotely. Work that needs physical presence, such as stock verification or branch visits, is planned around the location. Our office is at Topiwala Centre, Goregaon West, Mumbai.

What is the difference between statutory audit, tax audit and internal audit?

A statutory audit is required by the Companies Act (or the LLP Act) and ends with an opinion on whether the financial statements give a true and fair view. A tax audit under section 44AB of the Income-tax Act checks your books against tax law and is reported in Form 3CA/3CB with Form 3CD. An internal audit is a review of controls and processes during the year, and it is mandatory only for the classes of companies listed in Rule 13 of the Companies (Accounts) Rules, 2014.

Related

Related Services and Pages

Audit & Assurance Services by a Practising CAHub: all services, cities and guidesTax Audit Services (Section 44AB)Audit serviceProprietorship Tax AuditAudit by entity typeAudit Services for Doctors and ClinicsAudit for your industry

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Free scoping call · Fixed fee in writing · Signed by a practising CA

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Who signs and issues the work. SVT & Associates is a Chartered Accountancy firm registered with the Institute of Chartered Accountants of India. Audit and assurance work is performed under the supervision of CA Rinky Vishwakarma (FCA, ICAI Membership No. 177507). Reports and certificates are signed by a practising CA and carry a UDIN. Under section 144 of the Companies Act, 2013, we do not provide book-keeping or internal audit services to a company whose statutory audit we perform. Our role in online document collection and delivery is administrative; the professional opinion is the CA's. Fees are shown before 18% GST. Dates and limits are as understood on the last-updated date and can change by notification. We do not guarantee any outcome, approval or sanction by a bank, lender or authority.
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