Helped a construction client to rectify income tax survey with limited liability.

Client Challenges

A client engaged in construction services approached PKC with the following challenges :

  • Income tax survey is conducted at the client location
  • The client auditors were not able to handle the survey
  • Unorganised accounting system led to multiple complications
  • No awareness about the statutory enactments to be complied

PKC Solutions

PKC helped the client with the following solution:

  • Analysed the income tax survey & understood the queries raised by the tax officials
  • Identified the client strengths & handled the survey
  • Ensured that adequate information & clarifications are provided to tax officials
  • Anticipated tax scrutiny checkpoints & helped client to rectify it
  • Trained finance team to comply with statutory enactments

Results

  • 100% Statutory Compliances.
  • Rectified income tax survey with limited liability.
  • Strong & reliable financial statements to fuel the business growth.
  • Organised & transparent accounting system.
  • Reduced probability for future tax scrutiny.
  • No major tax additions for the client till date from past 10 years.

How PKC can help you

Your dream business is just a click away. Book a FREE 30 mins consulting.

Fill out your details

    phone