Company Audit & Taxation Services - Statutory Audit & GST Audit Firm

COMPANY AUDIT & TAXATION

Company Audit & Taxation Assistance

The ultimate company audit & taxation support and valuable advice you need

Facing a company audit and worried about how to keep all tax-related matters in check? Let MPVD & Associates – the one-stop-shop for company audit and taxation in India – help you. We are providing reliable tax consultancy & company audit services in Kolkata, India. Ever since our inception, we have been helping businesses from various sectors on company audits, taxation, and other audits.

Company Audit is one of the statutory audits that are mandatory for every company registered in India. Governed under the Companies Act, 2013, the company audit has the objective of reporting the state of an Indian company’s finance and accounts to the regulatory authority. Engaging expert tax audit services ensure that your company meets all the demands specified in regulations and standards.

Pro Team Of Company Audit Experts Trusted By All

We take pride in our company audit and taxation team that comprises anenthusiastic group of experts. And, our team has extensive experience on tax and regulatory matters in India. Also, Our professionals are well-qualified and constantly stay abreast with the changes in tax policies as well as administration and regulations. Moreover, our company audit team endeavors to identify the prospective threats, opportunities, and provide advice on strategies to lessen exposure and tax incidence on our clients. Be assured of getting the actual assistance that you need.

What Makes MPVD & Associates Different?

We are committed to delivering quality services and solutions to our clients. Our holistic approach to auditing is tailored to specifically suit the organization’s nature and size. Your business needs are unique, we get it; we’ll work together to customize a service package to fit your unique needs and budget. We draw upon our in-depth knowledge and skills, understanding of Indian laws, regulations, and legislation. Our specialists approach your company audit with a broad and thorough understanding of your business, the type of industry in which you operate, and the regulatory standards. We pride ourselves on our ability to create and maintain good long-term relationships with our clients.

Avail our services today!

Contact us

3

#Frequently Asked Questions – Company Audit and Taxation

1. What is a company audit?

It’s an independent internal and external inspection of a company’s financial records regardless of its scale. The one conducting it can be a professional accountant or an auditor to determine if the executives are reporting their earnings accurately.

2. Is company audit and tax audit the same thing?

No, they are different from an objective and requirement perspective. While the purpose of a company audit is to confirm that accounting standards and related regulations are fulfilled and to reassure interested parties that the financial statements are accurate and reliable, the objective of a tax audit is to ensure that the taxpayer maintains proper books of accounts that comply with tax regulations and that the income is properly reported. Company audits encompass a wider variety of financial issues and compliance needs. A tax audit, on the contrary, focuses specifically on the taxpayer’s compliance with tax laws and provisions. Simply put, a tax audit is a subset of a company audit.

3. Who is subjected to a tax audit?

Every company, including limited liability partnerships (LLPs), with a turnover over INR 10 million needs to undergo a tax audit, failing which a penalty of 0.5% on total sales or gross receipts of a maximum of INR 150,000 will be levied.

4. What is the company audit ceiling limit?

An auditor can only accept audits of a maximum of 20 companies. Only the Dormant Company and One Person Company are exempt from the ceiling limit. Private Limited Companies with a paid-up share capital of less than 100 crores are also excluded from this limit. The same applies to small companies.

5. Is tax audit applicable to Pvt Ltd company?

Yes, an enterprise registered as a private limited company, regardless of its turnover or nature, has to follow many compliances under the Companies Act 2013, one of which is to undergo an audit.

6. Is audit mandatory for all companies?

All organisations registered under the Companies Act, be they private, public, or joint stock companies in India, must undergo an audit.

Email

Head office

Mobile