In India, a very small proportion of the population contributes to the direct tax collections of the exchequer. In an effort to widen the tax base in India and to discourage tax avoidance, the requirement of the tax audit was introduced by the Government.
A Tax Audit involves an expression of the tax auditors’ opinion on certain financial details, given by an assessee to enable an assessment of its tax, by the Tax Authorities.
Our endeavor is to help our clients undertake a correct assessment of their tax by reviewing the incomes chargeable to tax, disallowances and deductions there from, under the various provisions of Income Tax Act, 1961.
Our dedicated team of trained professionals conducts the audit keeping in mind the latest judicial pronouncements, amendments, circulars, notifications and tax accounting standards notified by the CBDT, as applicable for publicly listed, privately held, and other organizations.