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Internal Audit & Tax (India)
Outsourced and co-sourced internal audit and India tax compliance for organisations that have outgrown ad-hoc support but are not yet ready to build a full in-house function.
Growing organisations outgrow their compliance capacity long before they can justify a full in-house department. The Companies Act, 2013 mandates internal audit for a defined class of Indian companies, and the tax landscape — Income Tax Act provisions, GST, and transfer pricing — carries its own filing and audit deadlines independent of whether a business feels ready for them. An outsourced or co-sourced model closes this gap without the fixed overhead of a department built for an organisation twice the size.
Internal Audit
Companies Act 2013, s.138 · Standards on Internal Audit (ICAI) · CARO 2020The need
Section 138 of the Companies Act makes internal audit mandatory for a specified class of companies based on turnover, borrowings, and public deposits — a threshold that growing organisations often cross without registering that a formal function is now required. Beyond the legal trigger, an internal audit function that exists on paper but does not produce risk-based, board-ready findings offers no real assurance to an audit committee or statutory auditor.
What Droiture delivers
- Outsourced and co-sourced internal audit engagements, scoped to actual risk exposure
- Risk-based annual audit planning aligned to ICAI's Standards on Internal Audit
- Audit-committee-ready reporting, not generic checklists recycled from a template
- Coordination with statutory auditors to keep CARO 2020 reporting evidence-ready year-round
Tax & Statutory Compliance
Income Tax Act 1961 · Tax audit under s.44AB · GST Act, 2017 · Transfer Pricing (Ch. X)The need
India's tax compliance calendar — income tax filings and audit under Section 44AB, monthly and annual GST returns, and transfer pricing documentation for related-party transactions — does not pause for an organisation's growth stage. Missed deadlines and misaligned positions compound quickly into interest, penalties, and, for transfer pricing specifically, prolonged scrutiny that can outlast the transaction itself.
What Droiture delivers
- Statutory and tax compliance health checks across income tax, GST, and TDS obligations
- Section 44AB tax audit readiness and supporting documentation review
- Transfer pricing documentation and benchmarking support for related-party transactions
- A single point of accountability across audit and tax, instead of disconnected advisers
Our expertise in this area
What this practice covers
- Outsourced Internal Audit
- Co-sourced Internal Audit
- Risk-Based Audit Planning
- CARO 2020 Readiness
- Income Tax & s.44AB Tax Audit Support
- GST & TDS Compliance
- Transfer Pricing Documentation
Why engage Droiture on this
One accountable engagement, not two vendor relationships.
Internal audit and tax compliance are treated as one accountable engagement, not two separate vendor relationships that leave gaps between them.
One point of accountability
Internal audit and tax compliance coordinated together, closing the gaps that appear when they sit with separate, disconnected advisers.
Right-sized for growth stage
Outsourced and co-sourced models built for organisations that have crossed regulatory thresholds but not yet the headcount to justify a full department.
Audit-committee fluency
Reporting built to be read and acted on by an audit committee or statutory auditor, not filed and forgotten.
Do not wait for CARO reporting season to find the gap.
A short compliance health check now is far cheaper than remediation during a statutory audit.