Accounts & Audit
Maintaining proper accounts and conducting regular audits are not just compliance requirements but also critical tools for the financial health and credibility of a business. At Sinha & Associates, we bring more than 25 years of practical expertise in accounting, bookkeeping, statutory audits, internal audits, and financial advisory services for businesses, societies, trusts, NGOs, startups, and corporates.
Our Accounts & Audit services in Kolkata are designed to help you:
Maintain accurate books of accounts,
Ensure legal compliance with the Income Tax Act, Companies Act, GST laws, and other statutory requirements,
Detect errors and prevent fraud,
Provide transparency and reliability for stakeholders, banks, and investors.
Whether you are a small business, a growing startup, or a large company, our customized solutions ensure that your finances remain compliant, organized, and ready for growth.
Why Accounts & Audit Services Are Important
Legal Compliance – Every registered entity, whether a company, LLP, or society, must maintain proper books of accounts and undergo audits as mandated by law.
Financial Transparency – Accurate accounts give a clear picture of business performance.
Tax Savings – Proper records and audits help identify tax-saving opportunities and reduce penalties.
Investor & Bank Confidence – Verified accounts and audited reports improve your credibility for loans, investments, and tenders.
Fraud Detection & Prevention – Audits uncover discrepancies and ensure robust internal control.
Our Accounts & Audit Services
1. Accounting & Bookkeeping
Preparation and maintenance of day-to-day accounts.
Ledger maintenance, journal entries, cash/bank reconciliation.
Debtors/creditors management.
Preparation of trial balance, profit & loss account, and balance sheet.
Compliance with accounting standards and statutory norms.
2. Statutory Audit
Mandatory under the Companies Act, 2013 for registered companies.
Conducted to ensure compliance with all legal requirements.
Preparation of audit reports as per MCA norms.
Assistance in filing statutory returns and forms.
3. Tax Audit (Section 44AB – Income Tax Act)
For businesses exceeding prescribed turnover thresholds.
Preparation and certification of audit reports in Form 3CA/3CB & 3CD.
Ensuring proper compliance with the Income Tax Act.
4. Internal Audit
Independent review of internal controls, risk management, and governance processes.
Identification of weaknesses in operations and suggestions for improvement.
Regular or periodic audits as per management needs.
5. GST Audit
Verification of GST returns and records.
Ensuring proper compliance with GST law.
Certification of reconciliation statements.
6. NGO / Trust / Society Audits
Audit of accounts for societies, trusts, and NGOs.
Certification for 80G / 12A / CSR / FCRA purposes.
Assistance with compliance for government grants and donor reporting.
7. Special Purpose Audits
Audit for bank loans and project financing.
Audit for tenders, government contracts, and subsidies.
Compliance audits for specific industry requirements.
Who Needs Accounts & Audit Services?
Companies (Private/Public) – Mandatory under Companies Act.
LLPs & Partnership Firms – As per Income Tax & statutory requirements.
NGOs, Trusts, and Societies – For donor transparency, FCRA, CSR reporting.
Startups & SMEs – For financial planning, investor funding, and legal compliance.
Individuals & Professionals – For tax audits and income verification.
Documents Required for Audit & Accounts
Incorporation documents (Certificate of Incorporation, MoA, AoA, Partnership Deed, Trust Deed, etc.)
PAN & GST details
Bank statements
Books of accounts (manual/digital)
Invoices, vouchers, receipts, and payment records
Previous year’s financial statements
Statutory compliance records (Income Tax returns, GST returns, ROC filings, etc.)
Our Process
Consultation & Requirement Analysis – Understanding client’s business model and compliance needs.
Collection of Records & Data – Gathering financial and statutory records.
Accounting & Verification – Preparation and reconciliation of accounts.
Audit Execution – Detailed examination of financial statements, compliance checks, and internal control review.
Reporting – Issuing audit reports, financial statements, and management advice.
Filing & Compliance Support – Assistance in submission to statutory authorities (ROC, Income Tax, GST, etc.).
Benefits of Choosing Sinha & Associates
25+ years of expertise in tax, audit, and compliance.
Government Authorised Tax Practitioner with professional credibility.
Comprehensive services under one roof – tax, audit, finance, compliance, registration.
Tailored solutions for small businesses, corporates, and NGOs.
Strong client base across Kolkata and pan-India.
FAQs – Accounts & Audit Services
Q1. Is audit mandatory for all businesses?
Audit is mandatory for companies, LLPs, NGOs, and businesses crossing certain turnover limits under the Income Tax Act and GST laws.
Q2. What is the turnover limit for tax audit?
Currently, businesses with turnover above ₹1 crore (or ₹10 crore in certain digital transaction cases) and professionals with receipts above ₹50 lakh must undergo tax audit.
Q3. Can a small business opt for audit voluntarily?
Yes, voluntary audits increase credibility with banks and investors.
Q4. Do NGOs and Trusts need audit?
Yes, NGOs and trusts must get their accounts audited for compliance with Income Tax, FCRA, CSR funding, and donor transparency.
Q5. What is the difference between statutory audit and internal audit?
Statutory audit is mandatory by law and focuses on compliance.
Internal audit is management-driven and focuses on improving operations and controls.
Why Choose Sinha & Associates?
Experienced team with over 25 years in taxation and audit services.
End-to-end compliance support: Accounts, Audit, Income Tax, GST, ROC, etc.
Strong expertise in NGO/Trust audits and statutory reporting.
Reliable, transparent, and cost-effective services.