The Government of India conducts a spectrum of audits under various laws, encompassing company audits/statutory audits, cost audits, stock audits, and more. The Income Tax law specifically mandates ‘Tax Audit.’ This crucial audit, defined under Section 44AB of the Income Tax Act, 1961, is obligatory for businesses or professions with annual gross turnover/receipts exceeding a specified limit.
GHR Advisory maintains transparent processes throughout tax audits, keeping clients informed and ensuring a clear understanding of the steps involved in compliance and reporting.
The tax audit, conducted by Chartered Accountants, involves a comprehensive review of accounts, facilitating the simplified computation of income for the filing of income tax returns. GHR Advisory ensures seamless compliance with tax audit requirements, offering expert guidance and professional support to navigate the complexities of tax regulations.We focus on risk mitigation during tax audits, identifying potential issues and offering proactive solutions to minimize the risk of penalties or legal complications.
Tax audit is crucial for businesses with gross turnover/receipts exceeding specified limits, ensuring accurate income computation and compliance with regulatory standards.
Tax audits are conducted by Chartered Accountants, as defined in Section 44AB of the Income Tax Act, 1961.
GHR Advisory ensures comprehensive compliance, expert guidance, streamlined income computation, timely services
