Terms & Conditions

These terms constitute a legally binding agreement between you and Audit Tax And Book. By engaging our financial services, you agree to comply with the following terms and conditions governing Tax Audit, ITR filing, Book Keeping, Accounting, GST services, and Consultation.

Consultation Fee

  • •A non-refundable consultation fee of INR 2,000 is payable prior to scheduling any advisory session with our Chartered Accountants.
  • •The consultation fee covers up to 60 minutes of professional advice; additional time will be billed at prevailing hourly rates.

Scope of Services

  • •Tax Audit: We conduct statutory tax audits under Section 44AB of the Income Tax Act, 1961, based on books of accounts provided by the client.
  • •ITR Filing: Preparation and e-filing of Income Tax Returns based on information and documents furnished by the client.
  • •Book Keeping & Accounting: Recording day-to-day financial transactions and preparing financial statements as per applicable accounting standards.
  • •GST Services: GST registration, return filing (GSTR-1, GSTR-3B, etc.), and compliance support based on data provided by the client.

Client Responsibilities

  • •Provide complete, accurate, and timely information, documents, and clarifications required for service delivery.
  • •Ensure statutory dues (taxes, GST, etc.) are paid on time; we are not liable for interest or penalties arising from delayed payments.
  • •Maintain adequate backup of all physical and digital records; we are not responsible for loss of data entrusted to us.

Timeline & Deliveries

  • •We endeavor to meet agreed deadlines; however, timelines are estimates and may be affected by government portal downtime, client delays, or regulatory changes.
  • •ITRs, GST returns, and audit reports will be filed only after requisite documents and payments are received in full.

Fees & Payment Terms

  • •Professional fees are quoted separately for each engagement and are excluding government fees, taxes, and out-of-pocket expenses.
  • •100% advance payment is required for ITR filing, GST returns, and consultation; audit and bookkeeping fees are payable as per milestone invoices.
  • •Late payment attracts interest @18% p.a. from the due date until actual payment.

Confidentiality

  • •We maintain strict confidentiality of client information and use it solely for the agreed services, except where disclosure is required by law.
  • •Engagement letters may include additional non-disclosure obligations binding both parties.

Limitation of Liability

  • •Audit Tax And Book shall not be liable for any indirect, incidental, or consequential damages arising from the use of our services or reliance on our reports/returns.
  • •Our aggregate liability shall not exceed the total fees paid by the client for the specific service giving rise to the claim.

Governing Law & Jurisdiction

  • •These terms are governed by the laws of India and any disputes shall be subject to the exclusive jurisdiction of courts in Ludhiana.
  • •The client agrees to indemnify Audit Tax And Book against any legal actions or claims arising from incorrect or incomplete information provided by the client.

Questions?

If you have any questions about these Terms & Conditions, please contact us at:

Email: itsinfo@gmail.com