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E-921, 9th Floor,Ganesh Glory -11,Near BSNL Office ,S.G. Highway,Ahmedabad 382470
+91 84880 05030
cahiteshoffice@gmail.com
Company Profile

Tax Audit Services in Ahmedabad


Tax Audit Services in Ahmedabad

Table of Content

TEC Certification

1. Introduction to Tax
Audit Services

A tax audit is an essential process mandated under Section 44AB of the Income Tax Act, 1961, for businesses and professionals exceeding specified turnover thresholds. It ensures the accuracy of financial records and compliance with tax laws while identifying potential issues before they arise.

H S Lalwani & Co. offers comprehensive tax audit services to help businesses navigate the complexities of tax compliance. Our expert auditors work meticulously to ensure your financial and tax records meet the highest standards of accuracy and transparency.

Business Setup Illustration
Documents Required Illustration

2. Documents Required for Tax Audit

    General Requirements:

  • Financial statements
  • Trial balance for the financial year under audit.
  • General ledger and subsidiary ledgers.
  • GST returns and related filings.
  • TDS statements and challans.

    • Additional Requirements (if applicable):

  • Details of inventory, including valuation.
  • Bank statements and reconciliation reports.
  • Agreements or contracts for significant transactions.
  • Information on related party transactions.
Business Setup Illustration

3. Process of Tax Audit

Business Setup Illustration

4. Why Choose H S Lalwani & Co.?

What Our Clients Say

User
Pratik Rathod
★★★★★

CA Hitesh is very talented and kind consultant with deep Knowledge of accounting and finance domain. Recommending CA Hitesh for accounting & finance related consultancy services.

User
Deepak Aswani
★★★★★

Good service and response on time If any one has any issue that is solved by same day by team member

User
Bharat Malukani
★★★★★

Delivering professional and ontime finance related services

Frequently Asked Questions (FAQs)

A tax audit is an examination of financial records to ensure they comply with the provisions of the Income Tax Act, 1961.
Tax audits are mandatory for businesses with turnover exceeding ₹1 crore (or ₹10 crores for businesses opting for digital transactions) and professionals with receipts exceeding ₹50 lakhs.
The primary goal is to verify the accuracy of financial records and ensure compliance with tax laws.
Tax audits require filing Form 3CA/3CB and Form 3CD with the Income Tax Department.
Failure to comply with tax audit requirements can lead to penalties under Section 271B of the Income Tax Act.
The duration depends on the complexity of the business, typically ranging from 1 to 4 weeks.
Yes, our team specializes in addressing delayed compliance and minimizing penalties.
It ensures tax compliance, reduces the risk of penalties, and enhances the credibility of financial records.
Yes, a tax audit focuses on compliance with tax laws, while a statutory audit examines financial records as per the Companies Act.
Maintain accurate and up-to-date financial records, ensure timely tax filings, and consult experts like H S Lalwani & Co. for guidance.

Our Other Services

Statutory Audit Services

Statutory audits are a mandatory requirement for companies to ensure compliance with applicable laws and regulations.

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Tax Audit Services

A tax audit is an essential process mandated under Section 44AB of the Income Tax Act, 1961, for businesses and professionals exceeding specified turnover thresholds.

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Internal Audit Services

Internal audits are an essential mechanism for organizations to evaluate and improve the effectiveness of their governance, risk management, and internal controls.

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Management Audit Services

Management audits are designed to evaluate the efficiency and effectiveness of an organization's management processes and strategies.

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Forensic Audit Services

Forensic auditing is a specialized branch of accounting that focuses on uncovering fraud, mismanagement, and financial discrepancies in businesses.

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Information System (IS) Audit Services

In today's digital age, businesses rely heavily on technology to manage their operations, store data, and serve customers.

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