May 30, 2017

Audit and Assurance

Statutory Audits

We, as a Statutory Auditor, assure that the accounts and financials have been prepared in accordance with the Generally Accepted Accounting Principles (GAAP) and Standards on Auditing (SAS) and that they are free from material misstatements and errors.


Tax Audits

The main objective of the tax audit is to compute the taxable income according to the law and maintain transparency in the financial statements filed by the assesses with the Income-tax department. Tax Audit is governed by section 44AB of the Income Tax Act, 1961. 
Our endeavor is to mitigate the burden of tax and to review that disallowances and deductions if any, under the various provisions of Income Tax Act, 1961 are properly and correctly calculated, so that the income assessable can be computed correctly.