Comprehensive Financial Solutions for Businesses & Individuals
At YK Sharma & Associates, we offer expert financial and audit services to ensure your business remains compliant with tax laws, financial regulations, and accounting best practices. Our team of experienced chartered accountants, tax professionals, and auditors provides accurate and reliable financial solutions, helping businesses maintain financial transparency and efficiency.
Our Key Financial & Audit Services
1. Income Tax Audit & Return Filing
An Income Tax Audit is a detailed examination of a business’s financial records to verify compliance with tax regulations. We provide end-to-end support in income tax audits and return filing, ensuring accuracy and efficiency.
Who Needs an Income Tax Audit?
An audit is mandatory under Section 44AB of the Income Tax Act for:
Businesses with a turnover exceeding ₹1 crore (₹10 crore for digital transactions)
Professionals with gross receipts exceeding ₹50 lakhs
Businesses or individuals opting for presumptive taxation under Section 44AD/44ADA but showing profits lower than the prescribed limit
Our Income Tax Audit Services Include:
Financial Statement Review – Verification of income, expenses, and balance sheets
Tax Compliance Check – Ensuring adherence to IT Act provisions
Audit Report Filing (Form 3CA/3CB & 3CD) – Preparation & submission of the tax audit report
Guidance on Tax Planning & Deductions – Maximizing tax benefits while maintaining compliance
Error Correction & Compliance Support – Assisting in rectifications and notices from tax authorities
Why Choose Our Tax Audit Services?
Experienced Chartered Accountants to ensure accurate reporting
Compliance with Latest Tax Laws & Regulations
Avoid Penalties & Notices from Tax Authorities
2. Income Tax Return (ITR) Filing
Filing your Income Tax Return (ITR) is essential for tax compliance, financial planning, and loan approvals. We assist individuals, professionals, and businesses in seamless & error-free tax filing.
Our ITR Filing Services Include:
ITR Filing for Individuals & Salaried Employees – Maximizing deductions under Section 80C, 80D, and HRA benefits
ITR for Businesses & Professionals – Tax computation & deductions for self-employed individuals, companies, and LLPs
Capital Gains Tax Filing – Tax filing on property sales, stock market gains, and investments
Handling Tax Notices & Assessments – Expert assistance in case of tax scrutiny or IT notices
Who Needs to File an ITR?
Individuals earning above the basic exemption limit
Salaried employees & professionals
Businesses & LLPs, regardless of profit or loss
Individuals with capital gains, foreign income, or high-value transactions
3. Accounting & Bookkeeping Services
Proper accounting and bookkeeping are crucial for businesses to maintain financial health, ensure compliance, and make informed decisions. Our expert accountants handle your books while you focus on growing your business.
Our Accounting & Bookkeeping Services Include:
Day-to-Day Bookkeeping – Recording financial transactions, income, and expenses
Preparation of Financial Statements – Profit & Loss Statement, Balance Sheet, Cash Flow Statement
Bank Reconciliation & Ledger Maintenance – Ensuring accurate account balancing
Payroll Processing & Compliance – Managing salaries, EPF, ESI, and TDS for employees
Tax & GST Accounting – Proper documentation for GST compliance and tax filings
At YK Sharma & Associates, we provide expert legal, financial, and corporate advisory services to businesses and individuals. Established in 2024, our firm brings together a team of seasoned lawyers, chartered accountants, and company secretaries to deliver comprehensive and reliable solutions tailored to your needs.
