Accounting & Financial Services

One can establish business in India by setting up a Liaison office, Project office, Branch office, Public Limited Company and Private Limited company, Limited Liability Partnership, Partnership Firm, Sole Proprietor Firm.

 A. Public / Private Limited Company

· Public Limited Company 
Such Public Limited company which offer shares to the public is termed as a public limited company. The Companies Act 1956 mandates a list of criteria that have to be met by the public limited companies before they start their business operations in India. A few of these criteria are listed below: 

• This company is incorporated under The Companies Act 1956.
• It should have at least seven shareholders.
• A public company is allowed to start its activities only after procuring the ‘Certificate of Commencement of Business’. The ‘Certificate of Incorporation’ alone will not suffice the purpose.  
• The company should release a prospectus or issue a statement to sell its securities
• It must have at least three directors in its board.
• The company should conduct statutory meeting from time to time.
• Minimum paid up share capital has to be at least Rs. 5 Lacs.(Appx. 10000 US $)
   

  Private Limited Company

A private limited company is not owned by any governmental body, and it does not offer public shares. The number of shareholders for a private limited company is restricted to a maximum 50, whereas the minimum required is 2. The shareholders, however, do not have the power to transfer or trade their shares publicly. Minimum capital has to be at least Rs. 1 Lac (Approx. 2000 US $)

 How can GDA help you?

 ·     Company formation and incorporation

 ·     Filing of documents with Registrar of Companies

 ·     Conducting Statutory Audit at the year end as per 
        Income Tax Act.

 ·     Assistance in drafting Director’s Report covering
       statutory points to be covered.
 
 .     Statutory provisions relating to various meetings   like   Board Meetings, Statutory Meetings, their due dates and documents to be filed with Registrar of Companies.

·     Consultancy for other different provisions as      applicable to company.

·     Handling all Income tax related matters of the company, including annual filing of tax returns.

·     Seeing and advising on all other applicable laws and licenses.

 

Who would find our due diligence service useful?

We have worked closely with both corporate vendors and purchasers for many years to meet the needs of private equity houses, banks and corporate acquirers for authoritative due diligence and investigation services.

Over the past few years our transaction services team has: 

• performed many financial due diligence investigations 
• undertaken vendor due diligence as part of controlled auction processes

In addition to full due diligence investigations, our clients often use us for tailored work, including:

• abbreviated reports 
• pre-bid support work 
• reviews of vendor due diligence

We are increasingly asked to assist our clients in due diligence, including:

• exit studies to assess current deal activity and pricing, potential acquirers and their price expectations 
• value driver reports to pinpoint the factors which are likely to be seen as exit multiple enhancing in the current market environment 
• sector analysis of critical industry and competitive issues and management's projected responses, in industries where we have deep specialist knowledge. Our sector experts provide highly focused and practical advice either to substitute or complement commercial due diligence.

How GDA can Help You....

 

we offer one stop shop for all type of due deligence investigation

 

Taxation Planning
Self Assessment 
Every assesses, before submitting a tax return, is required to make a self-assessment of income and after taking into account the amount of the tax already paid by way of TDS and advance tax, pays the balance tax (self-assessment tax) due on the income .further, along with the tax, any interest arising on account of delay in furnishing of tax return or any default/deferment in payment of advance tax, is also required to be paid.
Withholding Tax
Withholding taxs on payments other than salariesUnder the Act , a person making certain specified payments such as salary, contractual payments, rent , interst, professional or  technical  fees, commission , payments to non residents etc. is required to withhold tax at source from such payments and comply with the associated requirements in respect of deposit of tax es in the Government treasury in the prescribed mannar, issue of tax credit certificates and filing withholding tax returns. The rationale of withholding tax is to provide a mechanism for tax authorities to collect tax at the source of income, and also to expand the tax base
Certification Work
Issuance of Chartered Accountant certificates u/s 195 required for the Overseas Remittances purposes from time to time.
How GDA can Help You....
GDA helps you in planning your taxation part and certification part. 

Indian companies are governed by Companies Act 1956 and company has to comply with various statutory provisions as per different sections of Companies Act 1956. Services offered by us include:

 

• Company formation and incorporation
• Filing of documents with Registrar of Companies
• Conducting Statutory Audit at the year end.
• Assistance in drafting Director’s Report covering statutory points to be covered

* Statutory provisions relating to various meetings like Board Meetings, Statutory Meetings, their due dates and documents to be filed with Registrar of Companies.
* Consultancy for other different provisions as applicable to company.

Auditing Firms in Delhi & NCR

 

If you own a business, the annual audit can sometimes feel like a time-consuming and expensive process that only benefits the statutory authorities. We make sure all your onerous reporting requirements are met as painlessly as possible- keeping banks, creditors, finance providers, and even the inland revenue, happy. 

 

But more than that - we aim to offer you the kind of business advice that could help you to run your company efficiently and cost-effectively. We also offer expert corporate tax planning advice, to make sure you're as tax-efficient as possible. 

 

We can test your performance against industry standards, even against your direct competitors. We'll review your accounts department and the control measures you currently use, recommending ways to improve. We might discover that your competitors are receiving payment more quickly than you, your stock levels might be higher than the industry norm, or perhaps your company takes longer than average to complete orders and sell finished work. Or there may be ways to improve your cash flow using some careful tax planning. 

 

Our audit is special because of the people who do it - we only recruit the best, and they're not afraid to get their hands dirty if it means they really get to understand your business. We train all our staff to anticipate client needs, communicate clearly and take ownership of their work. And because we draw on the experience of our senior partners across all disciplines, we take every opportunity to help your business grow. 

 

How GDA can Help You....
 

• We provide following Audit Services
• Management Audit Services
• Operations and Efficiency Audit Services
• Special Investigative Audit Services
• Due Diligence Review
• Costing and Accounting System Design and Review
• Compilation of final accounts as per accounting standards of US GAAP
• Internal Audits
• Internal Audit Services / Concurrent Audit Services

 

Accounting Outsourcing Firms in India

 

1. Accounting Supervision:

 

Here we will act as a bridge between the Management and the accounts department in order to enable smoother decision-making by providing the management with timely MIS and other relevant reports.

We will supervise the entire process of Accounting from book keeping to maintenance of data to retrieval of records in a systematic and efficient manner.

 

2. Accounting and compliance services:

 

We will undertake day-to-day accounting along-with adhering to the various statutory compliances.

 

The same will be done by visiting the client’s work place for a sufficient number of times depending upon the volume of work.

 

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 redressal 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 analyzing the cash requirements of the business and making cash forecasts for planning the future. 

 

How GDA can Help You....

 

• Time saving
• Analyzing the potential risks in advance
• Correct interpretation of the company's financial position
• Informed and better managerial decision making
• Collection, summarization, and accurate analysis of financial data
• Optimization of business resources and processes

 

As per the income tax laws under the Indian government, there are certain Transfer Pricing rules. These rules find it mandatory that income sourced from international transactions between various associated enterprises to be carried out and computed in a highly ethical manner. Such dealings or transactions demand complete transparency. Keeping all these factors in mind, we have gained expertise and developed into an authentic and dependable provider of Transfer Pricing Services in our country, known for our professionalism as well.


How GDA can Help You.

We bring forth reliable services meant to cater to calculation of Income Tax. Its cumbersome nature is kept in mind, and consultancy is provided with easy comprehensive measures. All rules and regulations are looked into, making this service:

 
* Highly dependable
* Efficient
* Easy to comprehend
* Inclusive of all clauses

We provide Central Government Approvals either from the Ministry of Corporate Affairs, New Delhi, Regional Directors or Registrar of Companies, depending upon the issues. The Ministry of Corporate Affairs is located in Delhi, whereas Regional Directors, Registrar of Companies are located in different parts of the Country. We undertake all the work related to these administrative authorities. Following is the short list of work done by us:


* Ministry of Corporate Affairs, New Delhi:- Remuneration of a Director in excess of limits specified under Section 269 of the Act and Schedule XIII thereto, giving loan or guarantee to a group Company under Section 295 of the Act, remuneration to professional Director, approval of appointment of relative of a director, etc.
* Regional Director: - approval of Contracts in which a director is interested, shifting of registered office within one state, etc.



How GDA can Help You....