Exult | Audit And Assurance Exult Conserv Pvt. Ltd. - Best Auditors, Tax Consultants, Company Registration Consultants, Income Tax, Vat, Sales, Service Tax Consultants in Bengaluru

Audit And Assurance

Tax Audit

As per section 44AB of Income tax Act,1961, every Persons in the previous year:

Income Tax Act, 1961 requires, Persons (individuals, firms or companies) whose turnover during the financial year exceeds limits specified below to get their books of accounts audited by a independent Practicing Chartered Accountant:

Business with sales/turnover/gross receipts exceeding Rs.2 Crore
Profession with sales/turnover/gross receipts exceeding Rs.75 Lakhs
Business/profession covered under presumptive taxation who has claimed his income to be lower than the profit and gains deemed to be the profits and gains of business/ profession covered under the section 44AD (4) of the Income tax Act,1961.

Also, under section 92E of the Income Tax Act, 1961 requires every person entering into international transaction with associated enterprise or specified domestic transaction to get an audit of such transaction done by a CA and submit the report in prescribed format.

Objectives of Tax Audit
Verification of Tax Returns
Identification of Discrepancies
Detection of Tax Evasion
Improvement of Internal Controls

Audit And Assurance

Audit And Assurance

Tax Audit

As per section 44AB of Income tax Act,1961, every Persons in the previous year:

Compliance

get in touch with us