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AUDIT

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to make sure how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.

Under the section 183(3) of the company Act 1994:Company Audit means “The balance sheet and profit and loss account or income or expenditure account, cashflow statement of a company shall be caused to be auditedby the auditor of the company as in the companies act provided. and the auditors report shall be attached there to and the report shall be read before the company in General meeting”.

  • GST Filing Process

    • All GST no. Holder have to file monthly, quarterly and annual GST Returns based on the type of business. Under GST, a registered dealer has to file GST returns that include:

    • • Purchases

    • • Sales

    • • Output GST (On sales)

    • • Input tax credit (GST paid on purchases)

    • • In the GST regime, any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year.

    • • The Specialisation of the system is that one has to manually enter details of one monthly return – GSTR-1. The other return GSTR 3B will get auto-populated by deriving

    • • information from GSTR-1 filed by you and your vendors.

    NOTE :

    In the interim budget announcement, Finance minister has clearly stated, that now the returns will be filed on quarterly basis. Though no official notification has come till march 31st 2019.

    ENQUIRY

    ITR FILING

    An income tax (IT) return is the tax form or forms used to file income tax with the Income Tax Department. The tax return is usually in a predefined worksheet format where the income figures used to calculate the tax liability are written into the documents themselves.
    In the interim Budget 2019, a rebate of Rs 12,500 has been announced for taxpayers with taxable income of up to Rs 5 lakh. This rebate will be available under Section 87A of the income tax Act. However, income tax slabs and rates for the FY 2019-20 were left unchanged.
    Also in the budget, was a proposal to hike standard deduction by Rs 10,000 to Rs 50,000 from Rs 40,000.

    Professional Tax

    It is the tax by the state governments in India. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and methods of collection.
    For ex- rs 2500 tax for GST holder person/company and 2000 rs tax for individual in state of Bihar.

    Roc filing

    As a part of Annual e-Filing, Companies incorporated under the Companies Act, 1956 are required to efile the following documents with the Registrar of Companies (RoC): Balance-Sheet: Form 23AC to be filed by all Companies* ... Annual Return:Form 20B to be filed by Companies having share capital. This process includes :

    1. Preparation of your Company Financial Statements.

    2. Preparation of your Company All the Reports.

    3. Appointment of the Auditor.

    4. Certification from the Auditor.

    5. Filings with the Registrar of Companies.

    6. Prepare your Company Income Tax Returns & Filings.

    Pan card

    What is the PAN Card Registration? Permanent Account Number (PAN) is a unique 10 digit alphanumeric number which is issued by the Income Tax Department of India. ... PAN registration is required only first time when you apply for the PAN Card after this there no registration is required. We are producing Pan card of company and individual through NSDL/ UTI behalf of you.

    Goods & Service tax

    In the GST Regime, businesses whose turnover exceeds Rs. 40 lakhs* (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. ... GST registration usually takes between 2-6 working days. the process demands following docs..

    • 1. Current bank account statement

    • 2. Address proof of business location, such as – electricity bill

    • 3. Authorised signatory DSC