We provide our clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
• Preparation of return
• Tax planning
• Represent Disputes with CBDT
• Application for PAN, Section
• Service Tax
• FBT/TDS
Audits
Our firm is emplaned for various government and bank audits. Apart from regular tax audits and other statutory audits we provide the range of audit services.
Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas of our procedures.
B
Management Audit Services
Productivity and efficiency of management are key determinants of an organization's success. Our procedures aim to maximize management performance by focusing on improving processes within the organization.
C
Operations and Efficiency Audit Services
Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value. We focus on streamlining processes, minimizing waste and objective measurement of management and staff performance.
D
Special Investigative Audit Services
Despite designing and installing high quality control systems, organizations do face situations involving fraud and financial impropriety. We have assisted clients in unearthing such situations and taking remedial action.
E
Due Diligence Review
We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. A sound understanding of local laws, regulations and accounting practices enables us to vet all critical issues in detail.
F
Costing and Accounting System Design and Review
Accurately measuring and managing cost and accounting data is critical for management decision making and reporting. Our assistance in developing and installing these systems help management their decision making process.
G
Compilation of final accounts as per accounting standards of US GAAP
We assist clients in compilation of final accounts as per US GAAP standards which help companies to compete effectively and efficiently in global market.
H
Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value
Accounting services
Our valued client will have a piece of mind. They have to concentrate only on business and we will take care of the complete accounting needs and other related laws such as VAT, TDS and Service Tax
• Accounting System Design & Implementation
• Financial Accounting
• Budgeting
• Financial Reporting
• MIS Reports
• Financial Analysis
• Asset Accounting Management
• Depreciation and Amortization Schedule
Corporate Finance
We provide the services to meet the finance required for the development of your business.
A. Project Report
B. CMA data
Company law
• Incorporation of company
• Consultancy on Company Law matters.
• Planning for Mergers, Acquisitions, De-mergers, and Corporate re-organizations.
• Filing of annual returns and various forms, documents.
• Clause 49 review for compliance with fiscal, corporate and tax laws
• Secretarial Matters including share transfers
• Maintenance of Statutory records
• Consultancy on Public/Rights/Bonus Issue of shares.
• Change of Name, Objects, Registered Office, etc.
Management Consultancy
We gauge our worth by the personal and business successes of our clients. We can help your business identifying areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. The following is just an exemplary list of the areas in which we provide consulting services:
• Accounting software selection and implementation
• Type of entity selection
• Business valuations
• Buying/selling a business
• Computer systems
• Process Improvements
• Cost Reduction and Revenue enhancements
Global Services
Outsourcing services
In today's scenario of globalization and technology convergence, the process of doing business has been redefined. Outsourcing various processes makes a lot of business sense. Most businesses and large companies are outsourcing their accounting processes for better management of their finances, and time etc.
These services are structured to suit an individual client's needs and requirements. Some of the accounts outsourcing services offered by us are as under:
• Book keeping and General Accounting Service
The service involves preparing and maintaining day to day bookkeeping and monthly or quarterly management accounts. These books are prepared as per the US GAAP accounting standards and can also be made as per specific client instructions.
• Preparation of Financial Statements
The service involves preparing a company's annual accounts and schedules ready for the statutory annual audit.
• Payroll
• Preparation of the monthly payroll based on the inputs received from organization. The same would include all statutory and other relevant deductions as required.
• Ensure deductions of all relevant amounts and as per applicable statutory laws like Income Tax, provident Fund and Professional Tax etc.
• Checking Form 16 for the Employees and file Qtly. returns for e-TDS with Income Tax authorities.
• Deposit TDS & provide proof of deposit.
• Ensure readressal of any issues.
• Reconciliation of payments/statutory deductions etc. with books of accounts on quarterly basis.
• Tax planning & Returns
The service involves helping the clients make necessary periodic income tax, sales tax and other returns. It also includes helping the client make sound investment decisions and help him avail various rebates and deductions.
• Cash Forecasting
The service involves analysing the cash requirements of the business and making cash forecasts for planning the future.
Starting business in India
We provide complete package to start business in India.
Approval process
An application in the prescribed form has to be submitted to RBI for establishing a liaison office in India. The lead time for processing a liaison office approval typically ranges from three to four weeks, unless the application is referred to the administrative ministry concerned within the Government of India for its comments, which may lead to an increase in the processing time.
Remittance facilities
As stated above, a liaison office cannot earn any income in India (except for interest on surplus funds lying in its local bank account subject to certain conditions). Therefore, all expenses of the liaison office have to be met out of inward remittances from the head office. Any balance in the liaison office account can typically be repatriated, only at the time of closure of the liaison office.
Taxation
As stated above, liaison offices are not permitted to carry on any industrial, trading or commercial activities, or to earn any income in India. However, sec 139(1) requires all companies to furnish a return of income. Hence, liaison offices would also be required to file their return of income in India.
Exit options
Closure of a liaison office normally involves a time frame of five to six weeks. An application enclosing the prescribed documentation is required to be made to the requisite regional office of RBI.
Project Office
In case a foreign company wishes to establish a business presence in India for the limited purpose of executing a project, it may establish a project office for its Indian operations. The objective behind establishment of a project office is to enable a foreign company to establish a temporary base in India for executing specific projects/contracts.
A foreign company may open a project office in India for executing a contract secured by an Indian company without the prior permission of RBI provided the following conditions are satisfied:
• The project is funded directly by inward remittance from abroad;
• The project is funded by a bilateral or multilateral international Financing Agency;
• The project has been cleared by an appropriate authority;
• A company or entity in India awarding the contract has been granted term loan by a public financial institution or a bank in India for the project.In all other cases, prior approval of the RBI is required to establish a project office in India.
Remittance facilities
A project office is permitted to open and operate a bank account including a foreign currency account in India. Typically, expenses of the project office in India can be met only out of inward remittances from the head office, or rupee amounts received locally under the approved contract(s).
Outward remittances from the bank account are permitted subject to certain compliance requirements.
Taxation
A project office is considered as an extension of a foreign company in India. Therefore, income earned by the project office is taxable in India in accordance with the taxation provisions applicable to foreign companies under the Income-tax Act, 1961 ("Act").
Exit options
Being a restricted business presence in India, the process for closure of a project office is straightforward, and normally involves a time frame of five to six weeks. An application enclosing the prescribed documentation has to be made to the regional office of RBI in case the project office was established under the approval route and to the Authorized Dealer in case the project office was established under the general permission.
