Tax Audit & Statutory Audit Services in Hyderabad 

An audit is not just a compliance requirement; it is an opportunity to strengthen your business, identify risks, and build credibility with banks, investors, and regulators. At Obaid Khan & Associates, we conduct tax audits, statutory audits, internal audits, and special purpose audits for businesses across Hyderabad with the rigour and independence that comes from Big 4 training and a 47th All India rank. 

Our audit services include:

• Tax audit under Section 44AB for businesses and professionals exceeding turnover limits

• Statutory audit for private limited companies, LLPs, and other entities under the Companies Act

• Internal audit for process improvement, risk identification, and internal control review

• Bank audit and concurrent audit

• Stock audit and fixed asset verification

• Audit of NGOs, trusts, and societies

• Special purpose audit reports for banks, investors, and regulatory submissions

We serve private limited companies, LLPs, partnership firms, proprietorship businesses, NGOs, trusts, and professionals across Hyderabad. Our audit reports are thorough, timely, and delivered with a detailed management letter highlighting improvement areas and not just a signed report. 

The most common issue we see is businesses that cross the tax audit threshold under Section 44AB but continue filing without an audit, assuming their accountant has handled it. This results in a penalty of 0.5% of turnover or ₹1.5 lakh, whichever is lower, plus scrutiny notices from the Income Tax Department. We have assisted many businesses in regularising missed audits and responding to related notices. 

A second common issue is statutory audit being treated as a rubber stamp exercise, signed late, filed after due dates, and without any real review of books. Late filing of AOC-4 attracts ₹100 per day penalty with no upper limit. We ensure your audit is completed well before due dates, books are reviewed properly, and any discrepancies are flagged and corrected before filing 

We serve clients across Banjara Hills, Jubilee Hills, Madhapur, Gachibowli, Hitech City, Kukatpally, Ameerpet, and Secunderabad. If you need a tax audit or statutory audit completed for your business in Hyderabad, WhatsApp us immediately because audit timelines are tight and early engagement avoids last-minute errors. 

Looking for a CA for tax audit or statutory audit in Hyderabad? WhatsApp us to schedule a consultation, charges apply based on turnover and complexity. If your matter is urgent, call us directly at +91 9160091660. We treat every new enquiry with the same seriousness we give our existing clients.