An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year:

       (a) The Person is carrying on business and his Total Sales/Turnover exceeds Rs. 2 Crores or

       (b) The Person is carrying on Profession, and his Gross Receipts exceed Rs. 50 Lakhs or

       (c) The Person is carrying on business or profession and is covered under the provisions of section 44AD, 44AE, 44AF, 44BB

            or 44BBB and claims that his income from the said business is lower than the deemed profits and gains computed under

            the relevant section.

The Due Date of filing of Income Tax Return of an Assessee liable to get his Tax Audit done under Section 44AB is 30th September. In case of Corporate Assessee’s who are required to furnish a report under Section 92E for International transactions – the due date is 30th November.

Statutory audits are conducted in accordance with the Companies Act, 2013 and Standards on Auditing issued by the Institute of Chartered Accountants of India. We act as the statutory auditors of Public Limited Companies, Private Limited Companies ,Limited Liability Partnership (LLP), Partnership Firms, Charitable Trusts & Institutions, Societies, Clubs, Educational Institutions etc. It is mandatory for a company in India to get the Statutory Audit of its financial statements done according to the provisions of Companies Act 2013.

The Board of Directors of a Company are required by law to appoint an Auditor within 30 days of incorporation and thereafter conduct an audit of its financial statements each financial year. The accounts of a Limited Liability Partnership (LLP) must be audited if it has an annual turnover of Rs.40 lakhs or more or Rs.25 lakhs or more capital contribution.

Our Key Deliverables

       1. Statutory Auditors' Report

       2. Report under Companies (Auditor’s Report) Order (“CARO”), 2016

       3. Report on Internal Financial Controls Over Financial Reporting (IFCFR).