Tax Audit & Certification Services 

Tax Audit & Certification Services 

Introduction

Tax Audit is an examination of financial records and transactions to ensure compliance with applicable income tax provisions. It helps verify the accuracy of income reported, deductions claimed, and compliance with applicable tax laws. Tax Audit is mandatory for certain businesses and professionals based on prescribed turnover or income thresholds.

Certification services involve issuing professional certificates required under various provisions of tax laws and regulatory requirements. These certifications provide assurance regarding financial information, tax compliance, and regulatory reporting.

With the evolving income tax framework, including the Income Tax Act, 2025, proper audit and certification ensure compliance with applicable provisions, enhance transparency, and support smooth regulatory and tax processes.

Who Needs This Service

Tax Audit and Certification services are essential for:

• Businesses exceeding prescribed turnover limits

• Professionals exceeding prescribed income thresholds

• Companies, LLPs, partnership firms, and proprietorships

• Entities required to comply with tax audit provisions

• Businesses requiring certification under income tax or other regulatory provisions

• Entities requiring compliance under applicable provisions, including the Income Tax Act, 2025

• Businesses preparing for tax filings, assessments, or regulatory compliance

This service ensures compliance with audit and certification requirements under applicable laws.

Scope of Services – What We Cover

Our Tax Audit and Certification services include audit, review, and issuance of certificates under applicable regulatory provisions, including:

Tax Audit under Applicable Income Tax Provisions

• Conducting Tax Audit of financial records and transactions

• Verification of income, expenses, and financial information

• Ensuring compliance with applicable tax provisions

Compliance under Income Tax Act, 2025

• Supporting compliance with updated tax audit and certification requirements

• Ensuring audit and reporting in accordance with applicable provisions

Review of Books of Accounts and Financial Records

• Examination of accounting records and supporting documents

• Verification of financial transactions and reporting accuracy

Issuance of Tax Audit Reports

• Preparation and issuance of Tax Audit Reports as required

• Ensuring accurate and compliant audit reporting

Certification Services under Income Tax and Regulatory Requirements

• Issuance of certificates required under applicable tax provisions

• Certification of financial and tax-related information

• Issuance of certificates required for regulatory and compliance purposes

Assistance in Audit Compliance and Reporting

• Supporting compliance with audit requirements

• Assisting in preparation of audit-related documentation

• Supporting regulatory and compliance reporting

How We Help Your Business

Our Tax Audit and Certification services help your business by:

• Ensuring compliance with applicable tax audit provisions, including the Income Tax Act, 2025

• Supporting accurate reporting of financial and tax information

• Reducing risk of penalties and regulatory consequences

• Enhancing transparency and financial credibility

• Supporting smooth income tax return filing and compliance

• Assisting in regulatory reporting and certification requirements

• Providing professional assurance on financial and tax information

This helps businesses maintain proper compliance and financial discipline.

Our Approach / Methodology

We follow a structured and professional approach to Tax Audit and Certification:

Understanding Business and Compliance Requirements

• Reviewing business structure and audit applicability

• Understanding regulatory and certification requirements

Review and Examination of Financial Records

• Reviewing books of accounts and financial transactions

• Verifying financial reporting and compliance

Audit Execution and Compliance Review

• Conducting audit procedures in accordance with applicable provisions

• Identifying discrepancies or compliance gaps

Preparation and Issuance of Audit Reports and Certificates

• Preparing audit reports and required certifications

• Ensuring compliance with applicable regulatory framework

Ongoing Compliance Support

• Assisting in audit compliance and reporting requirements

• Supporting ongoing tax and regulatory compliance

Why H K Davra & Co.

H K Davra & Co. provides professional Tax Audit and Certification services with a focus on compliance, accuracy, and regulatory standards.

Key strengths include:

• Strong understanding of tax audit provisions and regulatory framework, including the Income Tax Act, 2025

• Structured and systematic audit approach

• Accurate and reliable audit reporting

• Professional issuance of tax and regulatory certificates

• Reliable and timely execution

• Commitment to professional ethics and confidentiality

• Ongoing support for tax audit and compliance requirements

Our objective is to support clients in meeting audit and certification requirements efficiently and professionally.

Scope of Engagement and Deliverables

As part of our Tax Audit and Certification engagement, clients receive:

• Conduct of Tax Audit as per applicable provisions

• Review and examination of financial records

• Issuance of Tax Audit Reports

• Issuance of applicable tax and regulatory certificates

• Support in audit compliance and reporting

• Ongoing professional support related to audit and certification

The scope of engagement may be customized based on applicable requirements.