In India, under Section 44AB of the Income‑tax Act, 1961, certain businesses and professionals are required to get their accounts audited by a qualified Chartered Accountant (CA) if they cross specified thresholds of turnover or receipts. Some key applicability thresholds as of now: For a business (not under presumptive scheme): if total sales, turnover or …
For every growing business in Delhi, compliance is not just a legal requirement—it is the backbone of financial transparency and sustainable growth. Among the many compliance measures mandated by Indian tax laws, Tax Auditing plays a critical role in ensuring the accuracy, authenticity, and reliability of a company’s financial records. Understanding tax auditing is essential …
In today’s competitive business world, managing assets efficiently is crucial to ensure financial stability and operational excellence. Whether you run a small startup or a large corporation, knowing the real value and condition of your company’s assets helps you make informed decisions. This is where an Assets Audit comes in. As one of the leading …
Every successful organization thrives on transparency, control, and accountability. Internal audits are the backbone of these values. They help businesses evaluate operations, strengthen internal processes, and ensure compliance with regulations. For businesses in Delhi—a city known for its diverse industries and economic growth—conducting regular internal audits is no longer a choice but a necessity. About …
Running a business in India means more than just managing operations, employees, and clients—it also means staying compliant with the law. One of the most important compliance requirements for companies registered in India is the statutory audit. But what exactly is a statutory audit, and why is it crucial for Indian companies? Let’s break it …
In today’s competitive business landscape, due diligence is no longer a choice—it’s a necessity. Whether you’re planning a merger, acquisition, partnership, or investment, conducting thorough due diligence helps Indian companies minimize risks and make informed decisions. At PK Chopra & Co., with over 60 years of expertise in professional services, we have guided businesses of …
In today’s competitive and fast-paced business environment, companies in New Delhi are under constant pressure to maintain compliance, improve efficiency, and safeguard assets. One of the most effective ways to achieve these objectives is through internal audits. Unlike statutory audits that focus primarily on financial compliance, internal audits provide a broader, deeper, and more proactive …
Globalization has enabled businesses to expand beyond borders, creating opportunities but also introducing complex tax challenges. One such challenge is transfer pricing—the pricing of goods, services, and intangibles between associated enterprises across international borders. In India, transfer pricing regulations are stringent, and businesses must ensure compliance to avoid heavy penalties. This is where transfer pricing …
Internal audit is like a regular health check-up for your business. It’s an independent and objective process designed to evaluate your company’s operations, identify risks, assess internal controls, and ensure compliance with legal and regulatory frameworks. Why Indian Businesses Need Internal Audits Today In India’s rapidly evolving regulatory and business environment, internal audits are no …
Managing inventory is like handling the lifeline of any business. If you don’t know what you have in stock, you could either overspend or lose revenue opportunities. That’s where a stock audit comes into play — a crucial process for businesses across India. A well-executed stock audit in India ensures transparency, control, and efficiency in …