Business ITR Without Tax Audit in Bangalore


 The word "audit" means "search, examination, inspection, etc." in the dictionary. Various types of audits are required by various regulations, such as a business audit required by company law, a cost audit required by cost accounting law, and so on. The taxpayer is allowed by the Income-tax Law to have his business/accounts profession's audited from the perspective of the Income-tax Law. This is one of the top requisites to hire audit companies in Bangalore.


According to the Companies Act of 2013, all companies doing business in India are expected to file certain documents with the government authorities.

Many smaller businesses ignore this step, which can result in hefty fines from the Registrar and even the blacklisting of the company's director. Top accounting firms in Bangalore guide expertly on this matter to avoid these legal complications. 


Managing accounts

Companies must keep their books of accounts in a particular format, according to the Companies Act of 2013. It is also important for businesses to keep track of their finances in order to retain leverage over their operations. The following details must be held in all business accounts.

  • A thorough accounting of all funds earned and expended by the company.

  • All sales and transactions are documented in this book.

  • A list of the current assets and liabilities.

  • Some financial transactions, such as salary payments


An annual general meeting (AGM) is a necessary annual assembly of a company's interested shareholders. The company's directors submit an annual report to shareholders at the AGM, which provides information about the company's success and strategy. The best audit firms in Bangalore will explain in detail what an AGM is and will take you through the process effortlessly. 


Appointing an Auditor: 

Within the first month of the company's registration, every company must appoint an auditor. The following individuals or organisations are not qualified to serve as the company's auditor:


  • A corporate entity

  • The company's officer or employee.

  • A member of the company's partnership or board of directors.

  • An individual who owes the company money.


The returns must be submitted with the Registrar after the AGM is completed and the corporation has adopted the audited financial statements. The filing of a company's annual returns refers to the submission of audited financial statements in the format specified by the Ministry of Corporate Affairs.


A CA for tax filing in Bangalore makes sure that this entire process is simplified and any legal offense is avoided in the process. To get the best CA services in Bangalore, visit BCL India today. 

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