Struggling with compliance or looking to scale your business? We're here to help.
DIRECT TAX CONSULTANCY
CA T Hareesh & Associates, we recognize the significance of ever-evolving tax laws and regulatory frameworks. Our experienced team strategically leverages these changes to support and enhance your business operations.
We also offer comprehensive representation services, where we stand on behalf of our clients in all appeals and proceedings before various tax authorities, ensuring professional and effective representation.
Our tax compliance and reporting services cover a wide range of essentials, including conducting tax audits under applicable income tax laws, monthly TDS compliance from client records, timely filing of returns, and much more — all aimed at keeping your business fully compliant and stress-free.
Frequently Asked Questions
Q1. Q: When is Audit required under law?
Statutory Audit:
- For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.
- For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
Tax Audit:
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year.
Internal Audit:
Internal Audit is applicable to such class or classes of companies as prescribed under section 138 of Companies Act,2013
Q2
Statutory Audit:
- For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.
- For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
Tax Audit:
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year.
Internal Audit:
Internal Audit is applicable to such class or classes of companies as prescribed under section 138 of Companies Act,2013
Q3
Statutory Audit:
- For Private Company/ Public Company: Mandatory irrespective of Turnover, profits etc. If the company is incurring loss even then statutory audit is required.
- For LLP: Statutory audit is applicable if turnover in any financial year exceeds Rs. 40 Lakhs or its contribution exceeds Rs. 25 Lakhs.
Tax Audit:
A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year.
Internal Audit:
Internal Audit is applicable to such class or classes of companies as prescribed under section 138 of Companies Act,2013