A company’s annual audit and income tax return usually need the following.
Registration and statutory documents
- Certificate of incorporation
- Memorandum and Articles of Association
- Latest RJSC Form X and Form XII
- Trade licence
- Company TIN and VAT registration (BIN)
Banking
- Statements for all bank accounts (1 July – 30 June)
- Loan account statements, if any
- Bank certificate showing total deposits and withdrawals, interest, tax deducted on interest and bank charges
Withholding tax and VAT
- Challans for tax deducted by customers on the company’s supplies or services
- Challans for tax the company deducted and deposited
- Challans for tax deducted on office rent
- Monthly withholding tax (TDS) returns
- Bills of entry, if the company imports
Accounts
- Purchase and sales records
- Monthly and annual payroll for staff
- Records of any other income or expenses
Previous year
- Last year’s audit report
- Last year’s income tax return