A tax audit is mandatory in India for individuals and companies – if their turnover or gross receipts exceeds a specified threshold.
Firms in India that have entered into non-complete agreements have to pay 18 percent GST on the non-compete fee.
Listed companies and certain unlisted public companies in India are mandated to conduct an internal audit. In this article we answer some frequently asked questions.
Companies in the manufacturing, mining, and service sectors in India are mandated to conduct a cost audit. India Briefing answers some FAQs.
Certain types of business entities in India are required to conduct a secretarial audit and prepare their secretarial compliance report as part of the annual audit process.
We write about key documents and compliance requirements that businesses should prepare as the first GST audit in India gets underway.
From FY 2020-21, private firms with outstanding debt of INR 1 billion or more are mandated to conduct secretarial and financial audits.
Taxpayers in India who missed their deadline to file taxes are advised to file their tax returns by December 31, 2019 to avoid harsher penalties.