20 years of experience at corporate level in the fields of Accounting, Audits -Statutory & Internal, Direct & Indirect Taxation, Bank Financing, Company Law Matters, Business Processes etc.
Degrees
A) Corporate Taxation
a) Advisory Services
We provide detailed advice
Experience
Miscellaneous Certifications & Services
- Miscellaneous Certifications
We provide certificates required for various purposes:
(a) Certificate u/s 195 of the Income Tax Act 1961 for deducting TDS on payments made outside India.
(b) Certificate for valuation of shares as required by RBI for capital call from outside JV partners
(c) Certifications required under FEMA
(d) Certificates required for claiming reimbursements of sales tax, SAD etc.
(e) Certificates required for claiming various subsidies from Government under its various schemes.
(f) Certificates required by banks/financial institutions at the time disbursement of loans.
- Miscellaneous Services
We provide the services in various other fields:
(a) Obtaining PAN
(b) Obtaining Importer Exporter Code(IEC) and Liasioning with DGFT.
(c) Liasioning with PF/ESI departments
(d) Preparation of Projections for working capital short term loans/long term loans from banks/financial institutions
Description
Tax Services (Direct Tax)
A) Corporate Taxation
- Advisory Services
We provide detailed advice relating to various corporate tax issues under the provisions of the domestic tax law. Our endeavor is to
approach the issues on corporate tax to reduce risk and resolve conflicting issues at the first level of audit of the tax returns by
the tax authorities.
- Compliance Services
We assist our clients in the following areas:
- TDS Compliances:
Any payment which isliable to TDS as per the provisions of Income Tax Act 1961 need TDS Compliance. You can contact us for
TDS related issues, assistance and TDS submissions and returns.
- Corporate Tax Returns and Assessment
The provisions of Income Tax 1961 requires all companies/assesses to estimate their income in advance and deposit advance tax on
quarterly installments. We estimate tax liability on quarterly basis based on estimated profit and loss account both under the normal
provisions of the Income Tax Act and MAT and thereby determining tax liability. You can contact us for Tax returns and assessments as
required by Assessing Officer or CIT (Appeals) Level
- Annual Information Return
The provision Section 285BA of Income Tax 1961 requires to file annual information return by certain class of persons in respect of
all transactions. as mentioned in that section:
The Annual Information Returns (AIR) are finalized and submitted before due date after verifying the following:
(a) The nature of transactions
(b) The PAN /addresses of shareholders who are subscribing the share capital
(c) The dates of transactions etc.
B) Employee Taxation
- Compliance Services
We assist the clients in obtaining PAN, computation of estimated tax liability and complying to the TDS provisions, assisting the
expatriates to submit the tax return, representation before the tax authorities on time to time if required.
- Tax Services (Indirect Tax)
- A. Sales Tax (VAT)
We render following services on the issues relating to sales tax/VAT matters in NCR:
(a) Obtaining Registration under Sales Tax/VAT
(b) Advising the clients on routine matters
(c) Various compliances including deposit of taxes within in the stipulated time:
(d) Preparation and submission of returns; and
(e) Liaisoning with/represent before the revenue authorities.
- B. Service Tax Consult us for service tax services like service tax registration, determining liability, Determining/advising on the availability of service tax credit in accordance with the provisions of CENVAT Credit Rules, TR6 Challans,
half yearly Service Tax Returns(ST-3),Liaisoning/representation before the service tax authorities etc.
- Assurance Services
- Statutory Audit
Section 224 of the Companies Act,1956 imposes and obligation on all the companies registered under the Companies Act,1956 to have its
financial statements audited the an eligible firm of chartered accountants. We undertake the statutory audits.
- Tax Audit
Section 44AB of Income Tax Act 1961, imposes an obligation on the corporate /firms/ individuals ,having prescribed annual
turnover/receipts to appoint an tax auditor for conducting tax audit. We undertake tax audit assignments and issues reports required
for preparing annual tax returns.
- Internal Audit
We also undertake internal audit assignments to ascertain whether the company is in compliance to the provisions of Income Tax Act,
Companies Act, Labour Laws, FEMA and various other laws of State and Central Govt. which required to be complied by the Company.
The scope of internal audit can be fixed after mutual discussions.
- Miscellaneous Audits
We also undertake the statutory audits of :
(a) Non Profit/Charitable organizations
(b) Superannuation, PF and Gratuity Trusts maintained by corporate for their employees.
- Corporate Advisory
- FEMA/RBI Related Matters
(a) Filing of FCGPR on receipt of equity from foreign partner
(b) Checking of export documents and timely filing of documents with authorized dealer if Company is sending documents directly
to the overseas customer.
(c) Liquidation of export bills if documents are being directly to the overseas customer
(d) Submission of BRCs
(e) Application of Write offs for short receipts of payments against exports along with documentations
(f) Follow up with Authorized Dealer /RBI for write off permission.
- Other Accounting Services
- Maintenance of Accounting Records
(a) Preparation & Maintenance of Books of Accounts
(b) Preparation of Bank Reconciliations
(c) Preparation of various details required for finalization of accounts
- Vendors Payment
(a) Tracking of relevant information of all the vendors/service providers
(b) Checking of vendor bills and on basis of companies policies
(c) Preparation of payment advices and issuance of payments on due dates
(d) Vendor reconciliations
- Debtors Realization
(a) Tracking of relevant information related to customers
(b) Checking of sales invoices
(c) Timely realization of receipts from both domestic and export customers
(d) Timely credit of realizations
(e) Preparation of overdue statements for management purpose
(f) Follow up for sticky accounts
- Physical Verifications
(a) Stock
(b) Fixed Assets
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Miscellaneous Certifications & Services\r\n\r\n- Miscellaneous Certifications\r\n We provide certificates required for various purposes:\r\n(a)\t Certificate u/s 195 of the Income Tax Act 1961 for deducting TDS on payments made outside India.\r\n(b)\t Certificate for valuation of shares as required by RBI for capital call from outside JV partners\r\n(c)\t Certifications required under FEMA\r\n(d)\t Certificates required for claiming reimbursements of sales tax, SAD etc.\r\n(e)\t Certificates required for claiming various subsidies from Government under its various schemes.\r\n(f)\tCertificates required by banks/financial institutions at the time disbursement of loans.
\r\n - Miscellaneous Services\r\nWe provide the services in various other fields:\r\n \r\n(a)\t Obtaining PAN \r\n(b)\t Obtaining Importer Exporter Code(IEC) and Liasioning with DGFT.\r\n(c)\t Liasioning with PF/ESI departments\r\n(d)\t Preparation of Projections for working capital short term loans/long term loans from banks/financial institutions\r\n
","DetailedDescription":"
Tax Services (Direct Tax)\r\n\r\n
A) Corporate Taxation\r\n
\r\n \r\n- Advisory Services\r\nWe provide detailed advice relating to various corporate tax issues under the provisions of the domestic tax law. Our endeavor is to \r\n\r\napproach the issues on corporate tax to reduce risk and resolve conflicting issues at the first level of audit of the tax returns by \r\n\r\nthe tax authorities.
\r\n - Compliance Services\r\nWe assist our clients in the following areas:\r\n
\r\n \r\n - TDS Compliances:\r\n Any payment which isliable to TDS as per the provisions of Income Tax Act 1961 need TDS Compliance. You can contact us for \r\n\r\nTDS related issues, assistance and TDS submissions and returns.\r\n\r\n\r\n
- Corporate Tax Returns and Assessment\r\nThe provisions of Income Tax 1961 requires all companies/assesses to estimate their income in advance and deposit advance tax on \r\n\r\nquarterly installments. We estimate tax liability on quarterly basis based on estimated profit and loss account both under the normal \r\n\r\nprovisions of the Income Tax Act and MAT and thereby determining tax liability. You can contact us for Tax returns and assessments as \r\n\r\nrequired by Assessing Officer or CIT (Appeals) Level \r\n\r\n\r\n
- Annual Information Return\r\nThe provision Section 285BA of Income Tax 1961 requires to file annual information return by certain class of persons in respect of \r\n\r\nall transactions. as mentioned in that section:\r\nThe Annual Information Returns (AIR) are finalized and submitted before due date after verifying the following:\r\n(a)\t The nature of transactions\r\n(b)\t The PAN /addresses of shareholders who are subscribing the share capital\r\n(c)\tThe dates of transactions etc.\r\n\r\n
\r\n\r\n\r\n
B) Employee Taxation\r\n- Compliance Services\r\nWe assist the clients in obtaining PAN, computation of estimated tax liability and complying to the TDS provisions, assisting the \r\n\r\nexpatriates to submit the tax return, representation before the tax authorities on time to time if required.\r\n\r\n
- Tax Services (Indirect Tax)
\r\n\r\n- A. Sales Tax (VAT)\r\n\r\nWe render following services on the issues relating to sales tax/VAT matters in NCR:\r\n(a)\t Obtaining Registration under Sales Tax/VAT\r\n(b)\tAdvising the clients on routine matters\r\n(c)\tVarious compliances including deposit of taxes within in the stipulated time:\r\n(d)\tPreparation and submission of returns; and\r\n(e)\tLiaisoning with/represent before the revenue authorities.\r\n\r\n
- B. Service Tax Consult us for service tax services like service tax registration, determining liability, Determining/advising on the availability of service tax credit in accordance with the provisions of CENVAT Credit Rules, TR6 Challans,\r\nhalf yearly Service Tax Returns(ST-3),Liaisoning/representation before the service tax authorities etc.\r\n\r\n
\r\n\r\n\r\n - Assurance Services
\r\n\r\n- Statutory Audit\r\nSection 224 of the Companies Act,1956 imposes and obligation on all the companies registered under the Companies Act,1956 to have its \r\n\r\nfinancial statements audited the an eligible firm of chartered accountants. We undertake the statutory audits.\r\n\r\n
- Tax Audit\r\n\r\nSection 44AB of Income Tax Act 1961, imposes an obligation on the corporate /firms/ individuals ,having prescribed annual \r\n\r\nturnover/receipts to appoint an tax auditor for conducting tax audit. We undertake tax audit assignments and issues reports required \r\n\r\nfor preparing annual tax returns.\r\n\r\n\r\n\r\n\r\n
- Internal Audit\r\nWe also undertake internal audit assignments to ascertain whether the company is in compliance to the provisions of Income Tax Act, \r\n\r\nCompanies Act, Labour Laws, FEMA and various other laws of State and Central Govt. which required to be complied by the Company. \r\n\r\nThe scope of internal audit can be fixed after mutual discussions.\r\n\r\n
- Miscellaneous Audits\r\n\r\nWe also undertake the statutory audits of :\r\n(a)\t Non Profit/Charitable organizations\r\n(b)\t Superannuation, PF and Gratuity Trusts maintained by corporate for their employees.
\r\n\r\n - Corporate Advisory
\r\n- FEMA/RBI Related Matters\r\n\r\n(a)\t Filing of FCGPR on receipt of equity from foreign partner\r\n(b)\t Checking of export documents and timely filing of documents with authorized dealer if Company is sending documents directly \r\n\r\nto the overseas customer.\r\n(c)\t Liquidation of export bills if documents are being directly to the overseas customer\r\n(d)\t Submission of BRCs \r\n(e)\tApplication of Write offs for short receipts of payments against exports along with documentations\r\n(f)\t Follow up with Authorized Dealer /RBI for write off permission.
\r\n\r\n\r\n - Other Accounting Services
\r\n\r\n- Maintenance of Accounting Records\r\n(a)\tPreparation & Maintenance of Books of Accounts\r\n(b)\tPreparation of Bank Reconciliations\r\n(c)\tPreparation of various details required for finalization of accounts\r\n\r\n
- Vendors Payment \r\n\r\n(a)\t Tracking of relevant information of all the vendors/service providers\r\n(b)\t Checking of vendor bills and on basis of companies policies\r\n(c)\t Preparation of payment advices and issuance of payments on due dates\r\n(d)\t Vendor reconciliations\r\n\r\n
- Debtors Realization\r\n\r\n(a)\t Tracking of relevant information related to customers\r\n(b)\t Checking of sales invoices\r\n(c)\t Timely realization of receipts from both domestic and export customers\r\n(d)\t Timely credit of realizations\r\n(e)\t Preparation of overdue statements for management purpose\r\n(f)\t Follow up for sticky accounts\r\n\r\n\r\n\r\n
- Physical Verifications \r\n\r\n(a)\t Stock \r\n(b)\t Fixed Assets
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