Audit & Company Law Services

Income Tax Audit

Under direct taxes, the CBDT has posed onerous responsibility on the auditor via the Income Tax Act 1961 which has various provisions requiring a compulsory Tax audit.The Income Tax Act 1961 states various provisions for public charitable trust, the corporate and non corporate assessee, and others to conduct an Tax audit of accounts for tax purposes.

Tirumalesh & Co. is known to deliver quality services to its clients. The professional team helps in developing strategies and an effective management system that enhances the operations and provides great value to the business. We at Tirumalesh & Co. firmly believe in Tax being a value addition exercise rather than a mere compliance exercise.

GST Audit

The GST law requires audit of the monthly compliances by way of an audit attached to the Annual Return.  It is critical to for the taxpayers to start focusing on the audit of compliances under GST law and input and output reconciliations form a critical part of the GST audit certification. The audit of Annual return (also known as GST audit) lays the foundation for the first external verification/ assessment under the GST law. 

We, at Tirumalesh & Co. believe in offering qualitative value added services encompassing a comprehensive review of all GST records along with our recommendations on strengthening internal controls for appropriate data entry, data recording, data analysis and data requirements for compliance.  

Internal

Internal audit is not confined only to financial transactions but also is extended to the task of reviewing the internal process and internal control to ensure efficiency and economy of resource utilization. This makes it essential to review all the operations, process and internal controls of the entity and also evaluate the effectiveness of management.

We at Tirumalesh & Co. ensure that we  deliver top notch quality services. We make sure the organization complies with all necessary sets of rules and policies and highlight the weakness, suggesting the remedies for the same.

Management Audit

The managerial revolution has been the biggest revolution that the world has faced during recent years. The outlook and composition of the management have also been greatly impacted due to this revolution. All the streams of activities of an organization are being monitored and audited under a management audit. It starts from the top management to ground levels and vice versa. Management audit aims at keeping a check on the smooth and satisfactory functioning of the general management in an organization.

Management audit is said to be “Audit of Management”. It is a check and review of plans, objectives, decisions, and policies of the top management. It is a test for review of the quality of managing. The management audit aims at checking if the management uses techniques and relevant information for evaluating the options to take operative and strategic decisions.

Statutory Audit

Companies are governed by the Companies Act 2013. This act requires every company registered under the Companies Act 2013 to get there accounts audited. Thus an audit conducted for such a companies that is governed by Company law will be known as a statutory audit.

All the regulations set by Companies Act and as well as the generally accepted auditing standards should be abided by while conducting an audit. The applicable accounting standards should also be adhered to. Tirumalesh & Co. has years of experience in helping clients conduct statutory audits in a systematic and well planned manner.

Information System

In today’s business environment, technology and business coexist, therefore it is important to be updated with new technologies in business. All these circumstances make information technology an inseparable part of the business. Technology evolves regularly and so are the threats to technology. Hence, periodic Information systemfor business is extremely important. 

At Tirumalesh & Co. we understand how important data is and how information security needs to be the top priority of any company, we also know how new technology is introduced in the market every other day. Therefore, we help the clients by providing every possible service there is in the Information System audit, so that they can focus on their business process.

Company Law

We provide services in the following areas of Company Law in India –

•  Incorporation of Limited and Private Limited companies, One Person Companies (OPC), Limited Liability Partnerships (LLPs)
•  Secretarial Services including effecting changes in Memorandum, name, objects, etc.
•  Annual Return filing with Registrar of Companies (ROC)
•  Company mergers and acquisitions
•  Employee Stock Options – framing the policy and execution
•  Due Diligence (DD) – Financial, Accounting and Legal
•  Preparation of shareholder agreements and term sheets
•  Issue of Debentures
•  Charge creation and satisfaction of charge
•  Company winding up services
•  Conversation of firm to private limited company
•  Statutory

We Tirumalesh & Co., Hyderabad have been providing Company Law services to various industries such as Information Technology (IT), ITES, manufacturing, garments, pharmaceuticals, Ecommerce, automobiles, real estate, etc. We are also providing extensive services to startup ventures, incubators, etc. In case, you need these services, we would be glad to assist you. Please write to info@catirumalesh.in

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