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Internal Audit in India with REGISTRATION MITRA

Fees - Case to Case Basis.

Inclusions

  • Free advisory by experts
  • Approval from RBI

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    Internal Audit In India

    Internal Audit is a third-party evaluation of the operations of an entity with an objective to improve performance, develop a strategy to manage the risks, maximize the value of the entity, and identify any opportunity of further improvement. Internal Audit is a procedure undertaken by management to get clarity on the effectiveness of the internal controls in place.

    While a significant portion of internal audit covers internal controls over financial reporting within the organization as they pertain to generally accepted accounting procedures (GAAP) impacting their financial statements. Many organizations also recognize the need for other types of assessments or audits outside of accounting or finance. Some of these key areas include compliance (i.e., regulatory), environmental, information technology, operational and performance audits. Our audit methodology includes making recommendations for improvement, not just to express numbers and ensure compliances. The recommendations are realistic because we want you to implement them.

    Advantages of Internal Audit in India

    • More effective management
    • On-going review
    • Ensures optimum use of resources
    • Improved compliance
    • Increase employee’s efficiency

    Certification Work

    One of the most rigorous & significant service of professional is issuance of certificates to its client required for various purposes under different relevant rules & regulation. We undertake consultancy and certification services required for making foreign remittances according to the provisions of section 195 of the Income tax Act, 1961 or as per Double Taxation Avoidance agreements (DTAA). We also provide the services obtaining Lower TDS Certificate from the Income Tax Department.

    The services of this category broadly include:

    • Issuance of Chartered Accountant certificates u/s 195 of the Income Tax Act, 1961 required for the Overseas Remittances purposes from time to time;
    • Certification of arm’s length price u/ 92 of the income Tax Act, 1961;
    • Certification of various forms related to reconciliation under GST audit, declaration in refund application, declaration for availing input tax credit when such declared amount exceeds the prescribed amount under law;
    • GST Certification on Input Tax Credit availment, Refund application, etc.;
    • Net worth Certificates needed for the purpose of Bank finances, furnishing of Bank guarantee and issuance of Visa by Embassy;
    • Utilization certificates of various grants being discharge by Govt. of India to NGO’s, Statutory Bodies, Autonomous Bodies, and charitable organizations;
    • Certificates for claiming various deductions & exemption under various rules & regulation.