Since November 2016
More than 150 clients served from our Sector 38 office in Gurugram.
Tax Erudite · Sector 38, Gurugram · Since 2016
Audit services clear, on time and without surprises.
Statutory audit for companies and tax audit for businesses and professionals, with financial statements prepared alongside. You get a clear list of what we need, a fixed timeline and no last-minute rush.
Audits we carry out
- Statutory audit of private limited companies and one person companies
- Tax audit for businesses and professionals whose turnover or receipts cross the limits in the income tax law
- Audit of limited liability partnerships where required
- Financial statements prepared with the audit
- Directors' report and annual general meeting papers
What you can expect
- A document list on day 1, so you know everything we need
- Books reviewed and cleaned up before the audit starts
- A fixed timeline that finishes well before the due date
- Clear notes on every point we raise, written in plain language
- Audit report, financial statements and filings handled together
Dates we work towards
- 30 September: tax audit reports and company annual general meetings
- 31 October: income tax returns with audited accounts
- Within 30 days of the annual general meeting: financial statements filed in form AOC-4
How it works
Step 1Scope and fee
We review last year's statements and agree a fixed fee.
Step 2Documents
Bank statements, invoices, ledgers and confirmations collected.
Step 3Audit
Testing, queries and adjustments, discussed with you in plain terms.
Step 4Report and filing
Audit report signed; financial statements and returns filed.
Fees
Statutory audit with financial statements₹25,000
Directors' report₹3,000
Annual filings, forms AOC-4 and MGT-7₹8,000
Starting fees, plus goods and services tax at 18.00%. Tax audit fees depend on turnover and the state of the books, and are quoted after we see them. See all plans and fees
Questions people ask
Does every company need a statutory audit?
Yes. Every company registered under the Companies Act, 2013, including small private companies and one person companies, must have its accounts audited every year, whatever its turnover.
Who needs a tax audit?
Businesses and professionals whose turnover or gross receipts cross the limits set in the income tax law, and some others in special cases. Share your turnover and we will confirm whether it applies to you.
When is the tax audit report due?
Generally by 30 September after the tax year ends, and the income tax return with audited accounts by 31 October. These dates are sometimes extended.
Our books are not up to date. Can you still do the audit?
Yes. We first bring the books up to date through our bookkeeping service, then carry out the audit.
Can the same firm prepare the accounts and audit them?
For many small companies, preparation of financial statements and the audit are handled together, within the limits the law allows. We explain what applies to your company.
How long does an audit take?
For a small company with books in order, usually 2 to 3 weeks from receiving complete documents.
Why Tax Erudite
One chartered accountant who knows your whole file.
1 person for you
Neha Aggarwal, chartered accountant, answers your call or WhatsApp on any working day.
Fees in the open
Starting fees listed on this website. We confirm the exact fee before any work starts.
Other services
Contact
Speak to your chartered accountant.
Tell us what you need and we will reply within 1 working day. The first call is free.
Phone and WhatsApp · +91 98719 54334
Alternate · +91 98734 37877
Email · info@taxerudite.com
Office · Plot No. 444P, Sector 38, Gurugram, Haryana 122001