+91 86382 31503
blpurohit.co@gmail.com
PRACTICE
- Practice Areas
Practice Areas
A statutory audit is a legally required independent examination of an organization’s financial statements. Its main goal is to confirm that the financial statements accurately reflect the company’s financial health and adhere to all relevant laws and accounting standards, thereby assuring stakeholders of the financial information’s reliability.
In India, all companies registered under the Companies Act, 2013, regardless of size or profitability, generally need to undergo an annual statutory audit. This includes private, public, and small companies.
Our firm specializes in statutory audits, executed by a dedicated team of experts. We combine the rigor of established audit methodologies, honed by extensive experience, with the efficiency and insight provided by advanced technological tools. This dual approach ensures comprehensive and reliable audit outcomes. Our profound understanding extends across a broad spectrum of industries, including, but not limited to, Manufacturing, Trade, Power Companies, Oil & Gas Exploration, Pharmaceuticals, Chemicals, Automotive, Educational Institutions, the Hospitality Industry, and Retail.
Internal audit serves as a critical process designed to safeguard stakeholder interests within an organization. While occasionally mandated by statute, its primary function is to evaluate and enhance the effectiveness of an organization’s internal control systems and operational compliance. Therefore, our approach to internal audits moves beyond routine verification; we actively identify systemic weaknesses and procedural gaps, subsequently recommending tailored remedial actions to strengthen the client’s overall control environment.
Stock Audits represent a critical, specialized discipline that extends beyond the fundamental physical verification of client inventory. At B.L. Purohit & Co., our methodology encompasses not only the precise identification of variances between book and physical stock but also a thorough assessment to categorize slow-moving, dead, and obsolete inventory. We subsequently furnish clients with expert guidance on best practices for stock preservation and handling. These integrated services collectively aim to optimize inventory management, resulting in tangible cost reductions and enhanced pilferage prevention for our clients.
India’s tax landscape, encompassing both direct and indirect taxes, is renowned for its complexity and dynamic nature. With continuous amendments introduced not only through annual Finance Acts but also via numerous other enactments, rules, and procedures, staying compliant is a significant challenge. Non-adherence to the latest regulations can lead to substantial financial penalties for businesses. Therefore, timely and accurate tax compliance is paramount for every organization.
At B.L. Purohit & Co., we specialize in both Direct and Indirect Taxes. Our partners and experienced team members bring extensive expertise to handle the entire spectrum of taxation advisory and compliance needs. We offer comprehensive services, including:
Proactive Compliance Management: We ensure the timely filing of various returns and forms, alongside providing precise advice for the accurate and prompt payment of taxes.
Strategic Tax Planning: Our team develops effective tax planning strategies aligned with the latest laws, designed to maximize legitimate tax savings for your business.
Assessment and Litigation Support: We diligently handle responses to assessment notices, manage hearings, and represent clients in appeals, objections, and petitions before all appropriate tax authorities and tribunals.
Family & Group Tax Planning: Beyond corporate entities, we offer specialized tax planning services for families and business groups, optimizing their overall tax liabilities.
Crisis Management & Representation: In challenging situations such as search and seizure operations or investigation cases, we provide robust support and representation for our clients.
Continuous Regulatory Updates: We keep our clients informed with timely updates on changes in tax laws that could impact their business, ensuring they are always prepared.
Our legacy of trust is demonstrated by the fact that we proudly serve clients across three generations—businesses established by grandfathers with our advice are now successfully managed by their grandsons, continuing to choose B.L. Purohit & Co. as their trusted tax partner.
At B.L. Purohit & Co., we understand that robust accounting and timely access to capital are the cornerstones of business success. We are dedicated to providing comprehensive financial advisory services that empower our clients to achieve their strategic objectives.
We offer a full spectrum of financial advisory services, tailored to meet the diverse needs of modern businesses:
Bookkeeping & Accounting: We provide expert guidance and, if required, on-site professional assistance to ensure meticulous maintenance of your books of accounts and financial records, promoting accuracy and compliance.
Project Finance & Representation: We specialize in preparing compelling business project reports for securing bank financing. Our team effectively represents your interests before financial institutions, streamlining the process of obtaining necessary funds.
Business Valuation: Gain a clear understanding of your business’s true worth with our expert valuation services, crucial for strategic planning, mergers, acquisitions, or divestitures.
Due Diligence & Compliance: Navigate complex regulatory landscapes with confidence. We offer thorough due diligence and provide comprehensive advice on legal and regulatory compliance, mitigating risks and ensuring adherence to statutory requirements.
Business Opportunity & Investment Advice: Unlock growth potential with our insights into promising business opportunities and strategic investment advice, helping you make informed decisions for sustainable expansion.
Information System Audit & Advisory: Optimize your financial information systems. We conduct comprehensive audits and provide advisory services to enhance the efficiency, security, and integrity of your digital financial infrastructure.
Fixed Asset Reconciliation & Management: Ensure accurate tracking and management of your fixed assets. Our services help you maintain precise records, optimize asset utilization, and comply with accounting standards.
Partner with B.L. Purohit & Co. to strengthen your financial foundations and accelerate your business growth.
B.L. Purohit & Co.:
A Legacy of Trust, A Future of Growth.