As the 30th November ITR deadline approaches for audit cases, businesses across India need to prepare thoroughly. At Ruchita Dang Associations, your trusted Company Registrations Consultant, we’ve compiled a checklist of the 6 essential steps every business must complete to be audit-ready.
Delaying or skipping these steps could lead to errors, penalties, and scrutiny. Let your Company Registrations Consultant take the lead in ensuring your compliance journey is stress-free.
1. Finalization of Books of Accounts
Finalization of books is necessary before audit or ITR filing. As your Company Registration Consultant, we:
- Reconcile bank statements, ledgers, and cash books
- Match TDS, GST, and income entries
- Determine pending bills, provisions, and journal entries
- Conduct ledger scrutiny to identify discrepancies
- Prepare trial balances for auditor scrutiny
Completed books are the basis of a hassle-free audit process, and your Company Registrations Consultant makes sure that they are up to all financial and statutory requirements.
2. GST Reconciliation with Books
GST information should reconcile with your books of account. Any discrepancy may result in GST notices or ITC reversals. Our professionals at Ruchita Dang Associations, your Company Registrations Consultant, make sure:
- Matching GSTR-1, GSTR-3B, and books
- Reconciling Input Tax Credit availed with GSTR-2B
- Rectifying sales and purchase discrepancies
- Validation of Reverse Charge Mechanism (RCM) entries
- Presenting a GST audit report where necessary
Your Company Registrations Consultant ensures your GST filings and returns are in synch to minimize tax exposure.
3. Fixed Asset Register and Depreciation Working
A detailed asset schedule is required for every audit. Your experienced Company Registrations Consultant will:
- Prepare or refresh your fixed asset register with classification
- Apply the right depreciation rates according to the Income Tax Act and the Companies Act
- Reflect asset additions or disposals correctly
- Monitor CWIP (Capital Work in Progress)
- Reconcile books and income tax depreciation
As your Company Registrations Consultant, our role is to ensure depreciation is compliant, optimized, and supported by relevant documentation.
4. TDS Compliance and 26AS Reconciliation
Your Form 26AS must match your TDS returns. Inconsistent numbers can lead to tax notices or demands. Let your Company Registrations Consultant:
- Verify TDS deducted and deposited for all suppliers
- Reconcile Form 16/16A furnished with Form 26AS postings
- Verify challans and quarterly return filings on the TRACES portal
- Detect short deductions and delayed payments to prevent interest
- Update missing PANs or deductee information in filings
We at Ruchita Dang Associations take care of this entire process with expertise as your Company Registrations Consultant.
5. Preparation of Audit Reports and Notes to Accounts
Audit reports and notes to accounts are required to be prepared in statutory formats. We, your Company Registrations Consultant, help with:
- Auditor coordination and documentation provisioning
- Preparation of board reports, director reports, and statutory disclosures
- Compliance with Schedule III of the Companies Act
- Recording contingent liabilities, related party disclosures, and CSR compliance
- Documentation of management representation letters
Proper and professional reporting is essential, which your Company Registrations Consultant executes flawlessly.
6. Income Tax Computation and ITR Filing
Ultimately, it boils down to proper tax computation and return filing. Ruchita Dang Associations, being your trusted Company Registrations Consultant, takes care of:
- Including all income heads, carry forwards, and MAT calculations
- Matching of tax credit with Form 26AS and AIS/TIS
- Confirmation of Section 44AB applicability and audit clauses
- E-filing using DSC and furnishing audit reports on Form 3CA/3CB and 3CD
- Optimization of Chapter VI-A deductions
Filing a blemish-free return within the stipulated 30th November time frame is important — your Company Registrations Consultant makes it easy.
Why Opt for Ruchita Dang Associations as Your Company Registrations Consultant?
- CA expert team of accountants, tax professionals
- Full-cycle support from audit preparation to final ITR filing
- Powerful reconciliation tools for TDS, GST, and accounts
- Real-time monitoring of due dates, reminders, and filings
- Used by hundreds of audit-liable businesses in India
- Expertise in Company Registration, GST, ROC, and Income Tax compliance
- Your single-point Company Registrations Consultant for annual financial management
Don’t Miss the 30th November Audit ITR Deadline
Overlooking the audit ITR deadline can lead to hefty late filing charges (₹5,000-₹10,000), interest on delayed taxes, and forfeiture of carry-forward benefits. Let Ruchita Dang Associations, your trusted Company Registrations Adviser, seal this financial year with 100% compliance.
We are a strategic extension of your finance team and make businesses audit-proof with minimal interference. We have a dedicated team of Company Registration Consultants to assist you throughout the process.
Be Audit-Ready. Be Deadline-Smart. Leave it to your Company Registrations Consultant.