Creating Account Audit Reports for Filing on 30th September, 2018

Returning income tax is a necessary formality that liable individuals or businesses need to fulfill. The tax returning dates for the financial year 2017-18 has passed for individuals and non-corporate associations and now businesses have to file their ITR at the end of this month i.e. the 30th of September. This day marks the filing period for businesses that require accounts auditing.

Gupta Anoop & Co. stands out as the top financial advisors and tax consultants in India whose insight on taxation affairs and organizational audit report generation has empowered businesses to achieve intangible infinities of success and an opportunity to maintain market credibility.  


       
While certain categories of individuals are exempted tax deductions and filing of returns, it is mandatory for business organizations to do the same irrespective of profit or loss. Thus to prevent any hassles in the process and adopt a seamless system for easy return tax, the income tax consultant services offer exceptional guidance. This is an imperative assistance and helps you prevent unnecessary fines or penalties.       

 30 September 2018 -   
Generating Audit reports for the assessment of corporate organizations and submitting a return of income. 

Maintaining books of accounts is a must for businesses hailing from vast categories and present the same before the tax department.

The specified books of account that require auditing on the last day of this month are:
§  Cash Books
§  Accounts Ledger
§  Journals (for mercantile accounting system)
§  Original bills of expenditure
§  Copies of issued bills

Taxation is a major concern for business enterprises and startups. It earns business credibility with a mandatory satisfaction of regulations and income laws.

Creating an accurate audit for a business pertaining a particular financial year ensures proper maintenance of account books and is a proof for transparency in account related matters.  Ensuring tax evasion and miscalculations is an advantage from auditing and thus keeps legal hassles at bay.
  
Certification of the company created audit reports by Chartered Accountants is a requisite to be satisfied for filing the same before the concerned departments.

Businesses involved in the following professions need to maintain account audit reports and furnish the same on the set dates:

ü  Medical profession business
ü  Engineering companies
ü  Technical consultancy
ü  Legal corporations
ü  Architectural
ü  Interior decorators
ü  Secretaries of businesses
ü  Accountancy
ü  Authorized representatives
Apart from these, any other professional assessee notified by the board in official gazettes is liable to maintain accounting audits.  



How income tax consultants help you file tax returns and audit reports?

An income tax advisor guides the above assesses and helps create the requisite reports for an effortless filing of the same. The professional guidance furnished helps prevent hefty penalties while assisting in maintaining precise accounts audit reports. 
      
Gupta Anoop & Co. is a team of certified CA’s that let liable taxpayers and business organizations ensure full disclosures while relieving the troubles from scrutiny and penalty attraction!       

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