Reliable Tax Audit Services with OSBS Accounting Solutions Private Limited
Tax audit is a crucial process that ensures a business’s financial statements and tax returns are accurate and comply with the Income Tax Act. It helps identify tax liabilities, prevent discrepancies, and ensures that the taxpayer is adhering to the legal provisions and reporting norms.
At OSBS Accounting Solutions Private Limited, we offer comprehensive tax audit services designed to help your business remain compliant, minimize tax risks, and maintain transparency in your financial reporting.
Why Tax Audit is Important?
Legal Compliance: Ensures adherence to the Income Tax Act and other relevant tax laws, preventing penalties and legal issues.
Accuracy in Taxation: Verifies the correctness of financial statements and tax returns to avoid underreporting or overreporting of income.
Detection of Irregularities: Helps in uncovering tax evasion, fraud, or any discrepancies in financial records.
Financial Transparency: Enhances credibility and trustworthiness of your financial information among stakeholders.
Improved Financial Controls: Strengthens internal accounting and tax compliance processes.
Key Services for Tax Audit
Financial Statement Review: Detailed examination of books of accounts and financial statements for tax compliance.
Tax Return Verification: Checking the accuracy of income tax returns filed with the Income Tax Department.
Compliance with Section 44AB: Ensuring audit procedures meet the requirements under Section 44AB of the Income Tax Act.
Identification of Tax Risks: Highlighting areas with potential tax liabilities or non-compliance.
Audit Reporting: Preparation and submission of the audit report as per regulatory requirements.
Recommendations: Providing actionable insights to improve tax compliance and minimize risks.
Why Choose OSBS for Tax Audit Services?
Experienced Tax Auditors: Our team comprises qualified chartered accountants with extensive experience in tax audits.
Accurate and Timely Audits: We ensure audits are completed on schedule without compromising accuracy.
Risk Mitigation: We help identify and reduce tax-related risks through thorough audits.
Regulatory Expertise: Up-to-date knowledge of changes in tax laws and regulations.
Clear Reporting: We provide transparent audit reports with clear explanations and recommendations.
How OSBS Helps with Tax Audit
Comprehensive Account Examination: We scrutinize your financial records to ensure compliance with tax laws.
Verification of Tax Deductions and Exemptions: Confirm that all deductions and exemptions claimed are valid and documented.
Review of Tax Payments: Ensure timely and accurate payment of taxes.
Audit Report Preparation: Drafting and filing audit reports as per Income Tax Department guidelines.
Continuous Compliance Support: Guidance on maintaining compliance and improving tax practices.
Ensure Tax Compliance and Minimize Risks – Trust OSBS for Tax Audit Services
Let OSBS Accounting Solutions Private Limited handle your tax audit requirements with precision and professionalism to safeguard your business from tax-related issues.
