Income Tax Auditing Services in Bangalore

An audit is an official inspection of a company's accounts and the production of a report by an independent body. It is a systematic review or assessment. A tax audit is a review of accounts of a business or profession carried by taxpayers under income tax. It is the process of income computation for filing of return of income easier. Income Tax Act, 1961 requires individuals, firms, or companies, whose turnover during the financial year exceeds the limits specified below to get their books of accounts audited by a Practicing Chartered Accountant: For persons carrying on business above the specified limit as per income Tax Act. For persons carrying on profession above specified limit as per Income Tax Act. Asset Due diligence The Audit services at MKDA include: Tax Audit, Financial Audit Statutory Audit for Companies Concurrent Audit Management Audit External audits, Internal audits Compliance audits