• All the companies registered under the Companies Act, 2013.
• Any previous Company law, whether public or private and whether having a share capital or not, are required to maintain proper books of accounts under the provisions of section 128 of the Companies Act, 2013.
• Companies have also to get their Books of accounts audited as required under section 139 of the Act.

INCOME TAX AUDIT UNDER INCOME TAX ACT, 2013

• Section 44AB of the Income-tax Act, 1961 contains the provisions for the tax audit of an entity.
• These provisions, tax audit shall be conducted by a Chartered Accountant who ensures that the tax payers have maintained proper books of account and complied with the provisions of the Income-tax Act.
• To help in the cumbersome and time-consuming process of return processing by the Income tax department, assessing officer helps and assist in computation of assessee’s total income in accordance with the tax laws, audit under section 44AB of Income-tax Act, 1961 is required.
• Tax audit is also required to ensure proper maintenance of books of accounts in accordance with the provisions of tax laws and to ensure that tax liability has been discharged on time and there is no concealment of income by the assessee.

• Every registered person, whose turnover during the financial year exceeds the prescribed “GST audit turnover limit” i.e., 2 crore rupees, shall get the accounts audited by a Chartered Accountant (CA) or a Cost and Management Accountant (CMA).
• Registered person who is required to get his accounts audited in accordance with section 35(5) shall submit electronically the Annual Return as per section 44 along with a copy of the audited statement of accounts and a reconciliation statement, reconciling the value of supplies declared in the return furnished for the financial year.
• It provides the services to the client with suggestion for improvement in the day to day handling of the GST glitches.

• You’ll have a partner who thinks about risk in the context of your business.
• We apply a business lens to your challenges and opportunities, and draw on our experience, sector insight and global business acumen to help you get more Power in Every Hour out of your investment in internal audit.
• Our sourcing support for internal audit can not only help improve your organizations' internal financial, business and IT controls, but also turn your internal audit function into a strategic asset.
• We unite perspectives with CV Group's Risk Management & Compliance and Controls Testing & Monitoring Solutions, to guide you in a holistic approach to governance, risk and compliance in coordination.

• Complying with international transfer pricing guidelines is challenging at best.
• As local authorities around the world become more protective of their tax revenues, international transfer pricing is under increased scrutiny, and noncompliant pricing practices are much more likely to result in tax penalties and significant interference in your business from regulatory authorities.
• No matter what their size, companies need to pay strict attention to ensure that their international transactions are compliant with transfer pricing guidelines in each jurisdiction, robust enough to stand up to increased scrutiny from tax authorities, and designed to mitigate unintended tax.