Taxation Services

Direct Tax Consultancy Services

India being a highly specialized area requires skills relating to tax planning, documentation and representations. We provide under-mentioned services to our clients:

• Preparation of all type of tax returns for Individuals, Firms, NRI's, Foreign Nationals, Companies etc.
• Representing clients and appearing before various authorities which includes;

1. Assessing Officer
2. Appellate Authorities
3. Tribunal

• Tax Planning Services - Personal and Corporate.
• Tax Assistance

1. Obtaining Permanent Account Number
2. Tax Deduction Account Number
3. Services related to TDS/ Withholding taxes
4. Tax Planning - Personal and Corporate.
5. Filing of e-Income tax and e-TDS returns
6. STPI registration

International tax planning services - International Taxation

Inbound & outbound investments together with obtaining the necessary approvals & permits from the regulatory authorities viz Reserve Bank of India (RBI), Foreign Exchange Promotion Board (FIPB) & Secretariat of Industrial Assurances (SIA) together with Liaison with Directorate General of Foreign Trade (DGFT) and Ministry of Industries.

Transfer Pricing

Assisting Companies in the Transfer Pricing rules in India together with certification & filing of necessary reports.

NRI & Overseas Consultation to develop strategies for tax minimization together with setting up of Offshore Companies keeping in view the Double Taxation Avoidance Agreement (DTAA) rules & regulations of the Foreign jurisdiction.

Service Tax

• Representation and Assistance Services
• Representation for Assessment and other proceedings in the tax department
• Representation in Appeals before Commissioner (Appeals)
• Representation in Appeals before Income Tax Appellate Tribunal (ITAT)
• Representation before Income Tax Settlement Commission
• Representation before Authority for Advance Rulings (AAR)

Accounting Services

We provide cost-effective and qualitative financial services, Chartered Accounting Services, Financial Accounting Services and Corporate Accounting Services to enterprises as well as individuals. Some of the services offered by us include :

• Preparation of Chart of Accounts including coding for Municipal Bodies/Corporate entities
• Centralized Accounting for corporate entities
• Preparation of accounts for foreign companies for their liaison, project or branch offices
• Pay Rolls, Assets Registers, Financial Statements from incomplete records, accounts and financial statements
• Bank Reconciliation

Auditing Services

We have expertise to understand the requirements of our clients and provide comprehensive auditing & assurance services in different spheres of business. Our services includes :

• Statutory Audit : of both public and private companies, Banks, Financial Institutions, PSU's
• Internal Audit : Focus is to ensure 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.
• Tax Audit
• Process / Systems Audit
• Management Audit
• Investigation Audit
• Stock Audit
• Due Diligence - 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.

NRI Services

We provide host of NRI service, KPO service, accounting and taxation services. The following are few of the NRI services offered by us :

• Allotment of PAN number

1. Application can be filed online or offline

• PAN Card Utilities

1. Required for transactions in shares, mutual fund, debentures etc.
2. Required for property transactions.
3. Required for depositing income tax and filing income tax returns.
4. Required for banking transactions.

• Computation & Filing of Income Return Tax
• Computation & Filing of Wealth Tax Return
• FEMA / RBI Related Services

BPO/KPO Services

Introductory

We provide to Overseas CPAs , CAs & Accounting firms with an option to substantially reduce cost and enable them to focus on high end services like Audit and Tax consulting.

Outsourcing as a Tool to Maximize Accounting Firms Profitability

Whether you are a sole proprietor, firm or a company, we can provide accounting outsourcing services and financial accounting outsourcing services on a monthly, quarterly or annual basis as per your requirement.

Meaningful, well-organized financial records delivered in time ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping

Services of Book-keeping:

These services include:

• General Ledger
• Accounts Payable
• Accounts Receivable
• Fixed Asset Register
• Inventory accounting
• Bank Reconciliation Statement
• Monthly and annual financial statements
• Preparation of ledgers, sub-ledgers and journals
• Preparation and Finalization of Accounts from incomplete records.

Technological Methodology of Book-keeping Outsourcing

For the actual execution of work, we will need to exchange information with the Overseas CPA/CA/Bookkeeper (hereinafter called overseas counterpart). Overseas counterpart will give us the input data (scanned documents) and we shall give them output data after processing their input data. For such exchange of information, a media has to be selected. Following are the options of media, from which the overseas counterpart can choose:

1. We can download input/ upload output on server of overseas counterpart or
2. Overseas counterpart can upload input/ download output from our secure ftp server or
3. Overseas counterpart can fax input documents and output backup files be sent on your server or our server or
4. E mail attachments be sent as input data as well as output data You can choose the media according to your convenience and satisfaction.

Processing of Data

On receipt of input, data is processed and the accounting records are updated. Backups are taken and the relevant reports are sent using the media selected and in hard copy on a pre-agreed frequency with Balance Sheet, Income Statements, Profit & Loss Statement, Bank Reconciliation, correction to client's check register.

Software

The software for use in bookkeeping and tax returns processing shall be specified by Overseas counterpart, which in turn may be specified to them by their client also. We shall process all the data in the software specified by Overseas counterpart.

Why Outsource from Us

• Major costs savings in accounting & overhead work
• Trained and highly qualified staff at your disposal, anytime you need
• Your work is completed and is available to you the first thing in the morning. Turn around time is very short depending upon each project
• You pay only for actual work done
• The cost of Outsourcing from us will be a fraction of your existing or likely expenditure on that activity
• The work will be accomplished at significant savings
• The work will be completed on schedule
• The quality of work would be top-notch

Consultancy Services to Foreign Companies

Entry Options for Foreign Investors

A foreign company planning to commence business operations in India has the option of setting-up the following type of companies: Branch Office

• Liaison / Representative Office
• Project Office
• By Forming a Company in India

Branch Office :

Government has allowed foreign companies engaged in manufacturing and trading activities abroad to set up Branch Offices in India for the following purposes:

• To represent the parent company/ other foreign companies in various matters in India e.g. acting as buying/selling agents in India .
• To conduct research work in the area in which the parent company is engaged.
• To undertake export and import trading activities
• To promote possible technical and financial collaborations between the Indian companies and overseas companies.
• Rendering professional or consultancy services.
• Rendering services in Information technology and development of software in India .
• Rendering technical support to the products supplied by the parent/ Group companies.
• Foreign airline/ shipping company

Liaison Office:

One of the practices for foreign companies to enter the Indian markets is the setting up of a Liaison/Representative office. A Liaison office is not allowed to undertake any business activity in India and cannot therefore, earn any income in India . The role of such offices is, therefore, limited to collecting information about possible market opportunities and providing information about the company and its products to the prospective Indian Customers.

A person resident outside India permitted by the Reserve Bank to establish a Liaison office in India may carry out the following permitted activities:

• Representing in India the parent company/ group companies
• To conduct research work in the area in which the parent company is engaged.
• Promoting export import from/ to India
• Promoting technical/financial collaborations between parent/group companies and companies in India
• Acting as a communication channel between the parent company and Indian companies

Permission to set up such offices is initially granted for a period of 3 years and this may be extended from time to time.

A person resident outside India permitted by the Reserve Bank to establish a Liaison office in India may carry out the following permitted activities:

Project Office:

Foreign Companies planning to execute specific projects in India can set up temporary project/site offices in India . For this a general approval has been given by RBI subject to fulfillment of certain conditions. Such approval is generally accorded in respect of projects approved by appropriate authorities or where the projects are financed by Indian bank/Financial Institution or a multilateral/ bilateral international financial institution.

• By Incorporating a Company in India through Joint Ventures; or
• Wholly Owned Subsidiaries

Foreign equity in such Indian companies can be up to 100% depending on the requirements of the investor, subject to equity caps in respect of the area of activities under the Foreign Direct Investment (FDI) policy.

Start Up Ventures

We have a rich experience as business advisors and financial consultants to plan and oversee the implementation of business initiation plans. Professional support is provided for new Foreign projects in the areas covering the following.

• Identifying appropriate entry route
• Formation of Legal Entity in India i.e. Incorporation of a company and preparation of Memorandum and Articles of Association and other legal support.
• Due diligence reviews
• Regulatory approvals
• Including Foreign Investment Promotion Board (FIPB), Reserve Bank of India (RBI), Secretariat of Industrial Approval (SIA), Registrar of Companies (ROC) and other concerned authorities
• Representative office Facility
• During the 'in transit period' support for office infrastructure and manpower is provided to the company.