Friday 9 August 2013

Tax Audit Services Improve Functionality of Business



A tax audit ensures that the account books of a company are maintained based on the standards fixed by the Income Tax Act. Matters like Tax Evasion and Tax Compliance are properly seen to and ably handled by tax audit services. The stake holders are sufficiently satisfied by a precise tax audit and it also paves the way for a better planning of the matters related to tax compliance and filing.
tax audit services are necessary and mandatory for certain businesses which have a turnover of more than one crore rupees. It is therefore vital for such businesses to get the help of tax audit services as early as possible.
If the profits in a business are not as predicted in the books and if the income of the entrepreneur exceeds the exemption limit, a tax audit can help in solving the issue satisfactorily without any undue trouble. tax audit services also help you file the report as stipulated by the Income tax department and in time.