At SHANKA SAMADHAN FINCARE, we understand that a strong financial foundation is built on accuracy, regulatory compliance, and operational efficiency. Our comprehensive audit services are designed not just to meet statutory requirements, but to deliver strategic insights that help businesses grow responsibly and sustainably
Statutory Audit
Mandatory financial audit as per the Companies Act, 2013
We conduct a complete examination of your financial statements to ensure that they present a true and fair view of your company’s financial position. Our process involves verifying transactions, internal controls, and compliance with accounting standards and statutory laws.
This is essential for:
- Private Limited Companies
- Public Limited Companies
- LLPs exceeding turnover limits
Tax Audit
For professionals and businesses exceeding prescribed income/turnover limits
We perform detailed tax audits in compliance with the Income Tax Act to ensure accurate reporting and avoidance of penalties. Our audit team verifies books of accounts, tax liabilities, depreciation schedules, TDS deductions, and more.
- Who needs this?
- Businesses with turnover above ₹1 crore
- Professionals earning above ₹50 lakhs
- Presumptive taxation scheme cases with income below threshold
Internal Audit
Independent review to strengthen internal controls and governance
Internal audits are not just about controls—they’re about improvement. We assess your internal operations, risk management procedures, and compliance levels to help you plug gaps, improve efficiency, and reduce the chance of fraud or misuse.
- Our approach includes:
- Process analysis and internal control testing
- Risk assessments and mitigation plans
- Compliance with internal policies and SOPs
- Recommendations for improving systems and controls
GST Audit & Reconciliation
Ensuring transparency and compliance under GST law
Our GST audit process ensures that your filings, invoices, and financial books are fully reconciled, avoiding mismatch issues and potential tax liabilities. This includes cross-checking of GSTR-1, GSTR-3B, and GSTR-9/9C returns, along with ITC (Input Tax Credit) claims.
- Includes:
- GST turnover and ITC reconciliation
- Correction of mismatched or missed entries
- Preparation for GST audit proceedings, if required