Statutory Audit & Tax Audit Service
Our expert audit services help businesses meet their compliance requirements efficiently. We ensure a smooth audit process, identify discrepancies, and provide valuable insights to strengthen your financial reporting.
Description
A Statutory Audit and Tax Audit are essential financial compliance processes required by law to ensure transparency and accuracy in a company’s financial records.
- Statutory Audit is a mandatory audit for companies to verify their financial statements, ensuring compliance with regulations under the Companies Act, 2013.
- Tax Audit is required under Section 44AB of the Income Tax Act, ensuring proper maintenance of financial records and accurate tax filings.
Stay hassel free with us
- Ensure adherence to statutory and tax regulations.
- Minimize financial discrepancies and risks.
- Services for companies, firms, and individuals.
- Identify tax-saving opportunities.
- Ensure books of accounts are precise and reliable.
- Strengthen financial credibility.
- Conducted by experienced auditors.
- Avoid penalties with on-time audits.
Free Consultations
Need a Statutory or Tax Audit?
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FAQs
Most Common Questions.
- Statutory Audit is mandatory for companies under the Companies Act to verify financial records.
- Tax Audit is required under Section 44AB for businesses with a certain turnover to ensure accurate tax filing.
Businesses with turnover exceeding ₹1 crore and professionals earning above ₹50 lakh must undergo a tax audit.
It is mandatory for all registered companies, LLPs, and large organizations as per Indian laws.
Non-compliance can result in heavy penalties, legal action, and disqualification from financial transactions.
- The timeline depends on the complexity of accounts but is usually completed within a few weeks with timely documentation.
