Monika Aashish & Co.


	Hello guest! Welcome to Monika Aashish & Co. (011) 43017173 aashish@macca.in


	Home About us About Firm Team Vision and Philosophy Services Assurance and Certification Direct Tax Goods and Services Tax Accounting and Book Keeping Regulatory and Secretarial Services Business Setup In India Transfer Pricing Financial Advisory Services Payroll services IEC Code Non-Government Organisation (NGO) Other Business Services Statutory Registrations Accounting and MIS Media & Publications Video Clips Published Articles Write up Contact Contact Us Post a Query Careers Blog Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply News Admin Login Email Login Time Sheet

ASSURANCE & CERTIFICATION

Statutory Audit:- Every incorporated business entity needs to get its financial statement audited to ensure representation of true & fair view of its financial health before all the stake holders. These audits are made “mandatory” in nature under respective governing Statue and its compliance is monitored by respective regulators e.g. RoC, RBI etc. The statutory audit is conducted by independent Chartered Accountants.
Internal Audit:- An independent and proactive function of management of business entity. The objective is to check the strength & weakness of placed system & procedure, adherence to those procedures and reliability of the overall system. The other objective is to check the area requiring improvement. It may be voluntary exercise by management, as a part of good governance or mandatory under Statue, rules & regulations depending upon certain criterion such as size of business.
Transfer Pricing Audit :- Now a days, its business that is spreading beyond the national boundaries but not the tax authorities and the Government. Every Government looks for its share of tax from the entire chain of transaction/business and to ensure that objective, transfer pricing (TP) audit comes in. The objective to TP audit is to determine the fairness of transaction between two related/associated parties in terms of its pricing and impact on profitability. TP audit is mandatory in nature as prescribed by Indian tax laws.
Proprity Audit:- The objective of the audit is ascertain the fairness of the decision of management/executives from the perspective of public interest, financial discipline, adherence to laws & procedures, authority of concerned executive. These audits are generally recommended/ mandatory for entities having public interest such as Govt entities, NGO’s, Trust etc.
Stock Audit:- As the name suggest, it is an audit pertaining to stock. The objective of audit is get assurance about physical verification and overall valuation of stock. It is an independent function of management of business entity. Depending on size and nature of business, the audit report may be used by the statutory auditors and by tax authorities as well. Apart from management, these audits are also undertaken on for banks and other financial institution having extended credit facilities particularly against charge on stock.
Tax Audit:- Business entity meeting threshold limit as prescribed under the Income Tax Act 1961, needs to be audited as per the Indian Tax Laws. The main thrust of the audit is in reporting on compliance/ non-compliance, eligibility/ non-eligibility and allowance/ disallowances of the income/expenses. The audit report is to be issued in the specified form.
GST Audit:- Business entity meeting threshold limit as prescribed under the GST laws, needs to be audited as per the GST rules & regulations. The main thrust of the audit is in reporting on compliance/non-compliance of overall GST laws and eligibility/non-eligibility of input credit. The audit report is to be issued in the specified form.
Revenue Audit:- Revenue audit is generally conducted for banks. The main thrust is on verify the accuracy and correctness of revenue and expenditure vis-à-vis internal policies. For banks the audit is conducted according to applicable circulars and notification.
Due Diligence :- In business, a due diligence audit is basically a careful investigation into the complete financial picture of a company. Generally, these audits come before a purchase, merger or other major decision that could negatively influence the finances of one or more businesses. These audits are generally used to ensure that no hidden liabilities exist.

305591 Times Visited