Corporate Notice of Audit (U/S 177) Service
Original price was: Rs. 25,000.Rs. 20,000Current price is: Rs. 20,000.
Required Documents:
- Company Registration Certificate: Proof of the company’s legal status and registration with the relevant authorities.
- Latest Financial Statements: Includes balance sheet, profit and loss statement, and cash flow statement.
- Tax Returns for Previous Years: Copies of tax returns filed for the previous financial years.
- Books of Accounts: Detailed records of all transactions, including ledgers, journals, and receipts.
- Bank Statements: Statements from all company bank accounts for the relevant audit period.
- Invoices and Receipts: Documents supporting income and expenses.
- Contracts and Agreements: Any relevant agreements related to business transactions.
- Proof of Tax Payments: Receipts or certificates showing payment of taxes.
- Audit Reports: Previous audit reports, if any.
- Corporate Governance Documents: Board resolutions, meeting minutes, and other governance-related documents.
Instructions: Email your scanned documents and information to sales@taxasaan.pk or WhatsApp them to 03008362021.
Product Description
Corporate Notice of Audit (U/S 177)
Meaning of the Service: The Corporate Notice of Audit under Section 177 of the Income Tax Ordinance, 2001, is a formal notification issued by the tax authorities to a corporation, signaling an impending audit. This audit assesses the company’s financial records and tax compliance to ensure accuracy and adherence to legal standards.
A Corporate Notice of Audit under Section 177 can be issued to companies. This section is related to income tax under the Income Tax Ordinance, 2001. Section 177 provides the framework for the tax authorities to conduct audits of the income tax affairs of corporate entities. The notice applies specifically to companies for auditing their compliance with income tax laws.
Practical Use Case: Receiving a Corporate Notice of Audit means your company is selected for an official review of its financial activities and tax submissions. This is a routine part of ensuring that companies meet their tax obligations and maintain proper records. Prompt and thorough response to such notices helps avoid penalties and ensures regulatory compliance.
How It Works:
- Notice Receipt: Your company will receive an official notice from the tax authorities regarding the audit.
- Document Collection: Gather all required documents and records as listed above.
- Preparation: Our experts will assist you in preparing for the audit by reviewing your documents and ensuring all required information is accurately recorded.
- Audit Process: Our team will guide you through the audit process, providing support during interactions with tax authorities and addressing any queries.
- Resolution: Post-audit, we will help resolve any issues or discrepancies identified and assist in any necessary follow-up actions.
Timeline: The audit process can vary depending on the complexity of the company’s operations and the volume of documentation. Typically, the entire process from receiving the notice to final resolution can take several weeks to a few months.
Benefits:
- Expert Guidance: Receive professional assistance to navigate the audit process smoothly.
- Compliance Assurance: Ensure that all financial records and tax submissions are in compliance with regulations.
- Issue Resolution: Address and resolve any issues or discrepancies effectively with expert support.
- Avoid Penalties: Reduce the risk of penalties by ensuring accurate and timely response to the audit notice.
