info@registrationmitra.com office No. 5, H-1A/20, Sector-63, Noida, UP-201301 +91 9926426000

Statutory Audit in India with REGISTRATION MITRA

Fees - Case to Case Basis.

Inclusions

  • Free advisory by experts
  • Approval from RBI

Get in touch with us

    Statutory Audit In India

    Statutory Audit is an audit which is prescribed by the different statute like Reserve Bank of India, Income Tax, Companies Act, etc. It is essentially an audit of the final statements of a company, i.e. the profit and loss and the balance sheet. The purpose of a statutory audit is to ensure that these accounts of the company represent a fair and accurate picture of the company’s current financial position on the date of the balance sheet.

    The financial statements of a Company are to be looked after by the Statutory Auditor for a given period of time. The role of the auditor is to report all the current affairs of the company in a true and fair manner. It is a crucial tool for stakeholders to gauge the substantiality of the firm with regard to their proceedings.

    Advantages of Statutory Audit in India

    • Uncovering of corruption
    • Uncovering of asset misappropriation
    • Uncovering of financial statement frauds
    • Fraud identification and prevention
    • Sound Investment decisions

    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.