Tax Audit requirement under Income Tax Act 1961 is turnover based audit and is applicable to only those Taxpayers whose turnover exceeds certain limits in the previous year which is specified in section 44AB of Income Tax Act. Further Tax Audit also required in case a person is declaring lower net profit while declaring income U/s 44AD, 44ADA or 44AE. The last date / due date to submit Tax Audit in 30th September of Assessment Year. The tax Audit report is submitted in for 3CA-3CB. The whole procedure of tax audit is to ensure the Income Tax compliance has been properly manner. Our Tax Audit team is well equipped and train to handle Tax Audit systematically and time-bound manner.
GST Act of 2017 prescribes yearly Audit under GST regime return and Provide a GST Audit report which is also known as GST reconciliation report in the manner as prescribed in GST Act. A registered GST Dealer or Service Provider need to undertake audit under GST when its turnover exceeds a specified limit. However GST annual return is required to be filed annually by all the GST registered person. GST Audit & GST annual return filing due date as per the GST Act, 2017 is 31st December of the following year. BAPT India Associates has been providing an exceptional services in GST Compliance and Training and Our Team has been trained in line to provide complete and correct GST Audit within due date for GST Audit.
The Audit as prescribed in Company Act 2013 is known as Companies Audit. Every Company registered under companies act 2013, have mandatorily need to undertake a yearly audit to check compliance with companies act and prescribed accounting standards, to see if books of account have been presented in a reasonably fair manner and disclosing required information for its stakeholders. The statutory audit needs to be carried out by statutory auditor appointed by the company as per the appointment of auditor provisions of companies Act. BAPT India Associates has a dedicated and qualified team to undertake Company audit as per audit provisions and respective rules of statutory audit for companies registered under Company Act 2013.