Auditing Services

(3485 service providers available)
  • C-TPAT Security Audit in Mumbai

    C-TPAT Security Audit in Mumbai

    25,000 - 35,000 Per piece

    • ISO 17020 Accredited Inspection Agency: ISO 17025 Accredited Testing Laboratory

    CIL provides accredited C-TPAT security audit/inspection services in Mumbai, Maharashtra, India. CIL is the only accredited inspection agency in India to conduct C-TPAT security audits. CIL is an ISO 17020 accredited inspection agency. In order to keep pace with changing trends, we are offering a wide assortment of C-TPAT Certification Services. C-TPAT Customs Trade Partnership against Terrorism is a voluntary and joint government-business partnership to help add to supply chain and increase border security. CDG is a C-TPAT compliance certification firm. C-TPAT Certification C-TPAT Certification is a complicated process, but we are experts with years of experience. We have helped dozens of companies with CTPAT Certification & Compliance. Every eligible company that has enlisted our assistance has achieved C-TPAT Certified status. C-TPAT India places the highest priority on our client relationships. We guide our clients through the entire process of C-TPAT Certification and Validation. Our clients have demonstrated time and again that they have a high level of satisfaction with our services and have shown a willingness to recommend our services to their customers and vendors.  CDG assistance to our clients doesn’t end with C-TPAT Certification & Validation. We are now offering a C-TPAT Managed Services program to help our clients fulfill all of the ongoing requirements of managing a dynamic C-TPAT supply chain security program.  Benefits of C-TPAT certification:  Increase your sales C-TPAT certified companies must use other C-TPAT certified companies as their business partners whenever possible  Increased security of your supply chain, your facilities and your assets  Be an active participant in the war on terror & the war on drugs  Importers your containers go to the front of the line  Importers fewer container inspections  Importers fewer inspections in foreign ports with CSI presence  Cross-border highway carriers eligible for “fast” program   customs brokers retain C-TPAT certified customers  Mexican manufacturers reduce theft & increase security  Canadian manufacturers reduce theft & increase security  Who qualifies for C-TPAT certification:  Licensed U.S customs brokers  Ocean transportation intermediaries & non-vessel operating common carriers  U.S / Canada highway carriers  U.S / Mexico highway carriers  Rail carriers  Sea carriers  Air carriers  U.S freight consolidators  Certain invited foreign manufacturers  Mexican and Canadian manufacturers  Long haul carriers in Mexico  Third party logistics providers (3Pl) assets and international influence required. A dedicated supply chain security specialist plus access to educational resources  You’ll have the opportunity to work with a specialist from CBP to identify and resolve any security issues in your supply chain. You’ll also get access to a library of training materials to make sure everyone in your company follows proper security procedures. This will be especially beneficial if you’re required to comply with an industry-specific regulation, such as the Food Safety Modernization Act’s Foreign Supplier Verification Program.    CDG is a leading C-TPAT Certification company in India.  CIL is an ISO 17020 accredited inspection agency.

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  • Sedex Audit in Moradabad

    Sedex Audit in Moradabad

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    BENEFITS OF SEDEX AUDITS: SEDEX Audits reports reduce supply chain audit duplication by providing a widely acceptable single format for Social Compliance Audits. Social Compliance Audits as per SMETA Standard enable companies to effectively share and manage supply chain ethical information. SMETA Audits enhances ethical trading programs in supply chain. Reduces risks in social responsibility and sustainability through Social Compliance Audits as per SMETA Standard. Brands and buyers are able to view, share data of suppliers’ social compliance audits on SEDEX database.

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  • GSTR 9C GST Audit Services

    GSTR 9C GST Audit Services

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    Most-Trusted Consultancy Services for GSTR 9C GST Audit The GST regulation calls for a review of their monthly compliances by an audit linked with the yearly return. Taxpaying individuals need to start concentrating on the compliances under the GST regulation incorporation and put in signal followed by output reconciliations kind of imperative region of the GST audit certificate. At Raj Taxation Consultancy Services, have the confides to offer qualitative GSTR 9C GST audit services following the guidelines. Complete Auditing Services Our team believes in offering value-added solutions covering a detailed review of all the GST records combined with our suggestions on strengthening internal controls for accurate data entry, recording of data, data analysis, and data needs for compliance.

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  • Fire Safety Audit In Delhi

    Fire Safety Audit In Delhi

    25,000 - 35,000 Per piece

    • ISO 17020 Accredited Inspection Agency: ISO 17025 Accredited Testing Laboratory
    • Fire Safety Audit: Fire Safety Inspection
    • Fire Safety Certification: Fire Suppression Audit
    • Fire Suppression Audit: Fire Safety Certification

    CDG conduct fire safety inspection audit in India. CDG is an accredited inspection services in India. A fire safety audit is a tool for assessing the fire safety standards of an organization or building. A comprehensive fire safety audit examines the inherent fire risks of daily operations and recommends measures to reduce potential fire risks. CDG (India) conducts fire safety audits for all types of buildings and industries, including hotels, hospitals, homes, schools, manufacturing plants, chemical plants, power plants, FMCG companies, foundries, mines, etc. The occurrence of fire has the potential to cause serious damage to life and property. A fire safety audit is the most effective tool to assess the fire safety standards of your facility. It helps owners identify areas for improvement and develop action plans, in addition to preparing for emergencies and conducting test drills. CDG(India) consultants regularly conduct fire safety audits for high-rise buildings, hotels, banks, small, medium, and large scale industries, etc. Our team conducts fire safety audits based on various IS standards such as Standard for Automatic Fire Detection and Alarm System, Code of Practice for Selection, Installation and Maintenance of Emergency Fire Extinguishers, National Building Code, 2005, Code of Practice for Fire Safety of Buildings, and all other relevant safety standards to identify all the hazards that need to be corrected and prevented. The main focus of these fire safety audits is: Identify and control ignition sources in areas where flammable chemicals are stored/processed/transferred. Evaluate chemical compatibility of storage areas and recommend appropriate measures to reduce fire damage. Check electrical hazards that may cause a fire. Evaluate fire detection measures taken and recommend appropriate improvements. Verify various active (fire hydrants, sprinklers, portable fire extinguishers) and passive fire protection measures requirements for storage and handling of chemicals and recommend improvements where needed. Verify fire alarm systems and emergency fire protection systems in plants Review contractor safety awareness (chemical spills, fire protection, emergency communications, knowledge of plant hazards, and safety regulations) and recommend appropriate improvements to improve contractor safety Evaluate staff safety awareness and safety training requirements (identification and effectiveness of training) to understand hazards present. We conduct fire safety inspections for any type of building structures (factories, hospitals, schools/colleges, commercial buildings, residential areas, etc.) and we have qualified and experienced fire safety professionals. With an extensive network of professionals/inspectors, we can provide timely inspection services anywhere in India. What is Included in Fire Safety Inspection? Conduct a 360-degree assessment of the building. Verify the adequacy of fire protection equipment and its maintenance. Verify that the building's construction complies with relevant fire safety regulations. Check fire incident preparedness (awareness, training, etc.). Benefits of Our Fire Safety Audit. Find out your current compliance with applicable fire safety regulations Our inspections are based on the NBC of India Upon completion of the fire safety inspection, you will receive a detailed fire safety audit/inspection report. This will help you determine the need for the repair or replacement of fire safety equipment.

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  • Internal Auditor Training On ISO/TS16949

    Internal Auditor Training On ISO/TS16949

    8,500 - 15,000 Per Certificate

    Mode Of Report Online Location/City Pan India Type of Certification New Certification Type Of Service Provider Consulting Firm Course Mode Online Type Of Industry IT and Consulting Management System Standards : ISO 9001, ISO 14001, OHSAS 18001, ISO 22000, ISO 27001, ISO 13485, ISO 10002, ISO 20000, ISO 20252, ISO/TS 29001, ISO/TS 16949.This interactive course is comprised of lectures and workshops aimed at providing training in the principles and practices for the internal auditing of an organization''''''''s management system. At the end of this course, participants will be able to: Conduct effective internal audits Effectively prepare for, carry out, report and follow up internal audits Understand the principles of auditing Audit suppliers and subcontractors Manage typical auditing difficulties Contribute to the development and improvement of their organizations'''''''' management system Who should attend Personnel responsible for internal auditing. Personnel taking on internal auditing responsibilities

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  • Comprehensive Energy Audit Service

    Comprehensive Energy Audit Service

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    Level – 1 is a Walkthrough Audit of the site conducted by our Auditor involving study of available Energy data of the facility to identify any opportunities as well identify areas where detailed study is required for Energy conservation.Level – 2 is a Comprehensive Energy Audit involving deep dive studies of the utilities & involvement of various Subject Matter Experts from Mechanical, Thermal as well as HVAC & Compressed Air systems. This study provides implementable solutions with definitive ROI for Energy conservation. This study involves use of high end testing & measuring equipments along with teams of experts & engineers.

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  • Third Party Fire Safety Auditing Services

    Third Party Fire Safety Auditing Services

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    Following safety norms in accordance with NBC/NFPA standards, we are engaged in offering Third Party Fire Safety Auditing Services to our esteemed clients. Our competent professionals look after the existing safety norms of the corporation and then draft a carefully detailed report. We also provide suggestions to add or change the conditions and provide training programs/seminars. This is important to strengthen the fire safety policy of the company. Customers can avail our Third Party Fire Safety Auditing Services at most economical rates.

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  • Auditing Services

    Auditing Services

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    We are a trusted name, when it comes to reliable Internal Support Services for Auditing. Backed by a team of expert professionals, we offer perfect solution for assessing, designing, developing and implementing cost effective auditing process for corporate and business houses. We are preferred by clients because of the effective internal controls that guarantee smooth and efficient working of the organization. As part of our Auditing Services, we offer : Stock Verification Cost Control Audits System Designing Management Audit Due Diligenge Investigations Surprise Checks Why Us? Support Services for Auditing Auditing under various enactments as Income Tax, GST, and Company Tax etc. Online Library of forms, statements and declarations formats Compliances with Indian accounting and auditing standards and IFRS Auditing tutorials guidelines standards and information library

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  • Energy Audit Services

    Energy Audit Services

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    VP&S is a premier service provider company, specialized in providing energy audit services to the businesses in the city. Ours is a group of skilled & qualified individuals and help organizations in improving the energy efficiency of their facility and aligning current consumption with the stated industry norms. We have certified energy auditors having experience of carrying out energy audits for a variety of facilities including hospitals, residential buildings, hotels, SMEs, etc. We are operational from Mumbai (Maharashtra, India); clients can contact us anytime for further discussion.

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  • Internal Audit Service

    Internal Audit Service

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    AMA is specialized in Internal/Management Audits which are primarily conducted in order to provide the client’s management a clear, comprehensive and unbiased analysis of the functional efficiency of the organization and to suggest possible areas for improvements. We Ashish Mahajan & Associates strongly believe in Internal Audits being a value addition exercise rather than a mere compliance exercise.

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  • Forensic Audit & Investigations

    Forensic Audit & Investigations

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    Analyzing the opportunities as well as risks of performing outbound operations is imperative for any business and forensic audit and investigation is one of the first steps of it. The forensic audit & investigation services that we are offering from our office in Delhi, India, have assisted many companies across the globe in performing risk-free operations. Our team of forensic accountants, auditing experts, and investigators enable us to assist the companies in any type of fraud-related incidences or investigation. Our team works swiftly in such situations to ensure speedy investigation and audit.

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  • Air Audit Services

    Air Audit Services

    15,000 Per Day

    We provide following service in compressorand Compressed air network, FAD Checking Energy Audit Leak Detection Efficiency check

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  • ICS Initiative for Compliance and Sustainability audit consultancy

    ICS Initiative for Compliance and Sustainability audit consultancy

    100,000 - 150,000 Per 1

    1 1 (MOQ)

    ICS is an international sectoral initiative with the aim to enhance working conditions along global supply chains of its member retailers and brands. ICS is composed of multinational retailers and brands in the sectors of textile, retail, footwear, electronics and furniture. ICS members collaborate with common tools, to mutualize audits, contributing to the reduction of the ‘audit fatigue’ and share knowledge and best practices. ICS actions are based on a common methodology applied by all ICS members and securing a complete control of the audit process by brands. ICS audits are mandated and managed by member companies. Audit launch is a member prerogative, which ensures a total control of the use of ICS tools. Audits are only performed by third party ICS-accredited audit companies. ICS audits are neither certificates nor labels. ICS members share common monitoring rules when critical non-conformities are identified in the factories. The vast majority of ICS audits are semi announced or unannounced. The ICS members promote the ICS scheme and follow the established rules. Basic information is shared in order to jointly monitor the audit conclusions and to initiate the continual improvement of working conditions in the source countries.

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  • Fire and Electrical Safety Audit

    Fire and Electrical Safety Audit

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    Fire and Electrical Safety Audit: We offer these services for industry as well as office/business & commercial premises. A comprehensive Fire and Electrical Safety Audit is essential to mitigate the fire and electrical risks together; and hazards which are most of the time closely related to each other. Fire & electrical safety audit of a plant, unit, warehouse, facility or building provides a consolidated risk perspective to the management to take required control measures. Experts with required qualifications, knowledge and experience in the field of fire & life safety as well as electrical safety are deployed to conduct these audits. A review audit is recommended after the mitigation of observations brought forward in audit report. There after a fire and evacuation mock drill may be conducted under the guidance of the same team, who has conducted the fire & electrical audits. Fire Adequacy Study: We carry out the study to identify the gaps in the existing fire fighting facilities and the requirements as per the actual fire risk and recommend the fire fighting facilities as well as the measures essential for the effective use. It helps to ensure that the site is provided with appropriate and adequate fire safety installations as per the fire safety standards & maintained in an operational state.

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  • Housing Society Account Auditing Services

    Housing Society Account Auditing Services

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    Our Housing Society Account Auditing Services ensure meticulous scrutiny of financial records, transactions, and compliance standards. With expertise in housing society regulations, we detect discrepancies and offer strategic recommendations for improvement. Tailored to your community's needs, our services promote efficient financial management and legal compliance. Gain confidence in accurate reporting and resident trust. Empower your society with our professional and efficient auditing services, securing financial transparency and long-term prosperity.

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  • Good Manufacturing Practice Auditing

    Good Manufacturing Practice Auditing

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    We are engaged in rendering highly professional Good Manufacturing Practice Auditing services or GMP food safety audit services to the customers. We incorporate several procedures with our Good Manufacturing Practice Auditing services to accommodate effective audit along with best pricing. Within Good Manufacturing Practice Auditing services, our professionals judge whether all the global standards are met while manufacturing the products to enhance credibility of the company at the global scale. Through our Good Manufacturing Practice Auditing services, clients can get complete information on the areas they are lagging behind in terms of quality systems and food safety.

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  • Internal Auditor Training Courses

    Internal Auditor Training Courses

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    Eligibility to attend the course: Any degree holder .This course is designed to make a person capable of conducting Internal audit of any organization. Certificate would be provided to participant to give evidence for qualification as Internal auditor.Participant would understand the requirements of standard by undergoing this course and would get a general checklist for auditing an organization. Exercise would be provided to train the participants. On completion of the course a test paper would appear online for completion or this would be sent by e mail to participant for completion and return.The above is course content according to standards (I.E. ISP 9001:2015/ISO 14001:2015/ISO 45001:2018/ ISO 50001: 2018 either as a single topic or in combination as described in the course topic)Next step Register for the course by filling up following details. Attend course Attend examination Course pass when marks obtained is 75% and above - Download certificate Repeat exam when marks obtained in below 75%. Course Fee Per personSeparate standard ₹  900 / US $ 12.5(for each topic, For combination of two topics ₹1700/ US $ 22 ; Combination of three standards ₹2360 / US $ 31    

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  • Steam Audit Services

    Steam Audit Services

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    Boiler House Efficiency Improvement : Establish the present steam generation from the boiler and the steam loading pattern of the plant i.e. peak, average and minimum loads based on the metering and system at plant Evaluate the efficacy of the present operating practices and recommend any changes to ensure optimum boiler efficiency. Study the present blow down philosophy and suggest methods to optimize blow down and heat recovery from blow down. Study the present feed water management philosophy and same will be evaluated to ensure optimum feed water temperature to the boiler. Evaluate use for LP flash steam in the plant or take it back to feed water tank of boiler  Evaluate the efficacy / feasibility of using heat from available waste heat streams in the process towards heating the feed water   Quantify the potential for steam reduction in the plant : Evaluate the steam distribution network in the plant: Line sizing and routing Distribution with respect to pressure drop if any Type, quality & health of insulation. Condensate removal from steam mains. Establish % distribution loss on account of leakages and radiation and suggest methods to reduce the same Evaluate the desired vs actual parameters for steam as required by the process equipment Evaluate the plant historic data and observe the current operations for anomalies such as batch time / throughput variations and evaluate the impact of the current steam and condensate network on such variations  Evaluate the current steam supply parameters vis-à-vis the process recipe requirements including gradients etc. and evaluate gaps within the same Evaluate the plant for any throughput bottlenecks due to the steam system Evaluation of hot water generation and utilization in the process.   Key Takeaway Points : Avoiding clinker formation inside the boiler Increase the inlet air temperature to increase boiler efficiency Avoid High Negative Draft in Solid Fuel Fired Boilers Generate Steam at Higher Pressure Dissolved oxygen should be removed from the feedwater tank Injection of flash steam and condensate into the feedwater tank should be via a deaerator head Air to fuel ratio should be monitored and controlled to minimize unburnts Efforts should be made to minimize addition of surface moisture content in fuel. To deliver the same amount of energy, the flowrate of hot water will have to be 45 times than that of steam. Monitor flue gas temperatures to control stack loss. Using steam instead of thermic fluids for indirect heating is more efficient. Monitoring flue gas temperature gives a good indication of the boiler operating conditions Operating boiler closer to full load improves efficiency Higher feedwater temperature increases the boiler output Use saturated steam for indirect heat transfer applications. Every 6 DEG. C rise in feedwater temperature reduces the fuel bill by 1%.

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  • Energy Audit Services

    Energy Audit Services

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    Detailed Energy Auditing: This is a detailed diagnostic study to scan entire energy consuming facility and work out Energy Conservation Opportunities. What you can expect out of an Energy Audit study? Knowing energy consumption pattern. Knowing department wise energy consumption wi th respect to production. Knowing tentative energy balance of entire facility. Knowing performance of major equipments depending on ABC analysis. Identif ication of energy loss in the system as well as in the equipment. Knowing energy conservat ion opportunities. Knowing, how to use waste energy for proper productivity. Setting up proper energy monitoring system. Knowing steps or action plant for implementation of energy conservation opportunities.

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  • gst audit upto 5 crore service

    gst audit upto 5 crore service

    15,500 - 16,000 Per 1pc

    • Type: GST
    • Location: Bihar
    • Mode Of Service: Online
    • Payment Mode: Online
    • Type of Service: GST
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  • Human Resource and Labour Laws Audits Service

    Human Resource and Labour Laws Audits Service

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    • Service Duration: As per client requirement

    we can conduct audits related to various human resource policies, labour laws compliances and submit detailed report giving th deviations as well as recommend the solutions.

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  • Harmonics Audit Services

    Harmonics Audit Services

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    Our Harmonics Audit Services offer a thorough analysis of your electrical systems to identify and mitigate harmonics-related issues. Our specialized team assesses equipment, measures harmonic levels, and recommends tailored solutions. By addressing harmonic distortions, we enhance power quality, improve equipment lifespan, and prevent disruptions. With our services, you can ensure a more stable and efficient electrical environment, minimizing downtime and maximizing productivity.

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  • safety audit service

    safety audit service

    50,000 - 150,000 Per UNIT

    • Type Of Energy: Electrical
    • Type Of Service Provider: Safety Audit Service
    • Usage/Application: Industrial
    • Service Location: Local Area
    • Service Mode: Offline
    • Features: Timely Rendered
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  • Certification Audit Consultancy Services

    Certification Audit Consultancy Services

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    • Service Location: Local
    • Mode Of Service: Offline
    • Type Of Services: Adequacy Certification Services
    • Mode Of Payment: Cash And Online Payment
    • Certifications: GOTS , GRS , RCS

    We at Ullanat Associates in Mumbai, Maharashtra, have distinguished ourselves as a leading organisation offering top-notch Certification Audit Consultancy Services. These services are founded on a company's performance evaluation standards. All of these auditing services are effectively carried out by skilled, licenced, and experienced individuals with extensive subject expertise. We continuously endeavour to increase the system's efficacy and maintain the necessary level of compliance to make sure that the recurring surveillance audits go off without a hitch. These performance audit services allow one to learn about a company's ongoing operations and revenues and losses. To make sure that your goods, supply chain, and distribution flow match international market and regulatory standards, we depend on the experience of our worldwide network of consultants, auditors, and trainers.

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  • Pharmaceutical Auditing Service

    Pharmaceutical Auditing Service

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    Established in 2017, LSF MN has been operating as a single window solution provider for a variety of pharmaceutical auditing needs of the clients. The company is based in Noida (Uttar Pradesh, India) and has a support of qualified & experienced pharmaceutical auditors, who work proficiently to assist clients in adhering to the stated industry norms. With our pharmaceutical auditing services, we assess the client’s functional operations and providing assistance to meet the regulatory norms. For a detailed discussion, ring us on the given numbers.

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  • Compliance Audit & Consulting Services

    Compliance Audit & Consulting Services

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    Are you facing compliance or risk challenge? Do you seek compliance expert that understands your industry? or you just want consultancy to gain peace of mind that your business is meeting its compliance obligations? Well, we can help you in all such concerns. Ours is a Delhi, India based service provider agency, specialized in providing compliance audit and consulting services to SMEs and large enterprises. Our consultants work alongside, perform assessment of your business and provide analysis report detailing key finding and recommendations- essential information to improve and move forward. So, contact us anytime.

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  • Auditing Services

    Auditing Services

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    Audit is an official inspection of an organization accounts by an independent body. It is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an "Audit Society". The auditor perceives and recognizes the propositions before them for examination, obtains evidence, evaluates the same and formulates an opinion based on his judgement which is communicated through their audit report.Broadly, an Audit involves : In-depth study of existing systems, procedures and controls for proper understanding and give suggestions for improvement and strengthening. Ensuring compliance with policies, procedures and statutes. Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS. Checking the genuineness of the expenses booked in accounts. Reporting inefficiencies at any operational level. Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence. Certification of the books of account agreeing with the Balance Sheet and Profit and Loss Account. Issue of Audit Reports under various laws. Audit At a Glance : We conduct following types of audit : Statutory Audit of CompaniesTax Audit under section 44AB of Income Tax Act, 1961 Audit under any other provisions of Income Tax Act, 1961 Internal Audit Branch Audit of Companies, whether in India or Outside India Stock Audit Audit of Public or Private Trust Audit of Co-operative Societies Audit of Government NGO’s Audit of Schools, Hospitals, etc.

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  • energy audit

    energy audit

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    1 Piece (MOQ)

    • NAME: TOTAL ENERGY CONSULTANT
    • TYPE: THERMAL AND ELECTRICAL
    • USAGE: SAVE ENERGY
    • TIMING: 2-3 WEEK
    • SCOPE: IMPROVE EFFICIENCY AND SAVE MONEY
    • ELETRICCITY BILL REDUCE: YES

    Energy is often the single largest controllable cost in manufacturing. Proper management of energy has a direct positive impact on a company’s bottom line. Energy audit is the first step in knowing the potential energy savings. It identifies area where the energy is being wasted by taking measurements at the key energy consumption points and the systematic study. It determines existing level of energy usage and recommends possible measures that would result in energy savings.

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  • electrical energy audits

    electrical energy audits

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    • Service: Audit for electricity

    We provide energy audit services. To save the wastage of electrical energy in various machines this audit is required.

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  • Tax Audit services

    Tax Audit services

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    Tax Audit comes under the purview of Section 44AB of the Act which specifies the persons who are required to get audit of their books of accounts. This section specifies particularly that except for the persons coming under the purview of the sections mentioned in the text of Section 44AB , all other have to get their accounts audited under Section 44AB. The object of audit under section 44AB is only to assist the Assessing Officer in computing the total income of an assessee in accordance with different provisions of the Act.This Audit effectively curbs tax Evasion and ensure tax compliance.  Therefore, Even though the income of a person is below the taxable limit, he will have to get his accounts audited and if his turnover in business exceeds the prescribed limit. If Assessing Officer wants the assessee to get his accounts audited in cases where the figures of turnover as appearing in the books of account of the assessee do not exceed the prescribed limits, he has no option but to pass an order under section 142(2A) directing the assessee to get his accounts audited from a chartered accountant as may be nominated by the Commissioner of Income-tax or the Chief Commissioner of Income-tax Hence, it must also be understood that the issue whether the turnover/gross receipt exceeds the prescribed limit is to be determined in each year independent of the results obtained in the preceding year or years.  This section applies only if turnover/gross receipt exceeds the prescribed limit according to the accounts maintained by the assessee.  It would be advisable to maintain basic records to support the turnover/gross receipt for declare audit required or not. Analysis of Section 44AB: Applicability: This section is applicable to every person: Carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds one crore rupees in any previous year; or Carrying on profession shall, if his gross receipts in profession exceed fifty lakh rupees in any previous year; or Carrying on business as specified under Section(s) 44AE, 44BB, 44BBB and declared profit less then as specified in the respective sections Carrying on business/profession as specified under Section 44AD, 44ADA and income exceeds the limits as specified in the respective sections Deriving income under Sections 44B, 44BBA and declared profit less than the limits specified Penalty for failure to get accounts audited:If any person who is required to get his accounts audited by an Accountant as compliance provision of 44AB,  before the specified date fails to do so shall be liable for penalty under section 271B.  The amount of penalty shall be one-half percent of turnover / gross receipts or Rs.150000/- whichever is lower.  This penalty shows the seriousness that the Government affixes towards Tax Audit under section 44AB.

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