Financial Services

We are also engaged in providing services in Income Tax related remedies to clients. Here we proffer guidance to clients in respect to how to manage his/her expenditure, so that he would have to pay least amount in terms of tax of his income. Our experts render these services at very cost-effective prices and with which they can enjoy most part of their income in hefty spending. We offer these services as per client specification and avail services suiting their budget.

The business and management consulting services rendered by the firm handles a wide range of problems faced by the clients.

These include:

• Assisting in mapping business processes and providing efficient solutions including automation.
• Assisting in development and improvement of business process systems and evaluation of alternative systems which are best suited to clients resulting in increased productivity, reduced time and costs.
• Assisting in development of accounting, budgeting, forecasting and other information systems and evaluation of alternative financial strategies.
• Assisting in development of systems for cost control and optimum utilisation of economic resources.
• Assisting in recruitment of accounting and finance personnel.

We recognize the challenge faced by entities in allocating limited resources to develop an Accounting Procedures Manual. In response, we have created a service that allows an organization to outsource this task. Outsourcing often helps a company focus more on innovation. We assist in updating or compiling new documentation of the sequence and details of key accounting function procedures. To improve your financial accounting and keep you abreast of new developments in corporate reporting, our experienced professionals will provide you with a combination of technical advice, support tools, and training of in-house accounting staff.

Whether it is a full service accounting and book-keeping plan or quarterly updates and financial statement preparation, we provide accurate and timely services that include:

• Handling and maintaining payroll services.
• Handling and maintaining Receivable/Payable reconciliations.
• Outsourcing of complete Accounting Job.
• Assisting in compliance of all Statutory requirements as per the requirements of various regulatory authorities as well as a comprehensive tax module
• Assisting in generation of Statutory Reports needed for compliance with the various regulatory authorities
• Assisting in finalisation of financial statements.
• Online access and timely reporting via Internet/E-mails.
• Monitor performance against established procedures.
• Help ensure policies and procedures are consistently applied.
• Improve efficiency in training employees during periods of transition.
• Update procedural changes by reorganization or the implementation of a new information system.

We assist in the registration procedures of Societies and Trusts. We guide our clients through the modes and methods, procedural formalities and the process of documentation. We also counsel them regarding the benchmark required for registration. Our panels of accountants with their sound professional information help organizations to meet the requisite criteria to obtain and avail tax exemptions for noble causes.

The services offered include:

• Assisting in obtaining registration of Charitable Trusts and Private Trusts.
• Assisting in obtaining registration of Societies under Societies Registration Act.
• Assisting in obtaining registration of Company under Section - 25 of Companies Act, 1956
• Assisting in obtaining registration of NGOs under Income Tax Laws for tax exemptions
• Assisting in obtaining registration of NGOs under Income Tax u/s 80G and its timely renewals
• Guidance on legal compliances on Foreign Contribution Regulation Act.
• Guidance on legal compliances on Employee Stock Option Schemes (ESOPs).
• Assisting in establishing and monitoring convergence and linkage of program activities and financial management of the NGOs.

Our services in Company Law Matters are customized in accordance to client’s specific requirements. We assist the client’s from the very initial processes of company incorporation to company maintenance process, etc..

Our services include:

• Managing incorporation of companies through MCA21
• Managing filing of proper documents electronically with Registrar of Companies within due time through MCA21.
• Managing maintenance of statutory records.
• Assisting in Corporate Governance.
• Assisting in registration, modification and satisfaction of charges.
• Assisting in obtaining regulatory permissions and ensuring statutory compliances in respect of Registrar of Companies, Company Law Board and Department of Company Affairs.
• Assisting in obtaining Director’s Identification Number (DIN) and Digital
• Signatures for filing online forms on MCA21.

A diagnostic review or health check is an all-encompassing package offered to our clients. This review helps identify areas of potential exposure and tap opportunities for tax savings.

The services offered include:

• Advising on the applicability and levy of Central Sales Tax and VAT or State Sales tax laws.
• Managing to obtain VAT registrations, Sales Tax registrations and its amendments.
• Assisting the client to organize their cumbersome tax affairs, give them alerts for due date’s deadlines and ensure that all statutory requirements are complied with.
• Managing the preparation and filing monthly/quarterly/half-yearly/yearly tax returns electronically/manually.
• Managing summary and regular assessments.
• Managing objections/appeals to higher authorities.
• Providing legal tax planning.
• Providing up-dation and due dates alerts in electronic media on taxation issues.

We provide assurance services to organizations that must submit to an independent audit to comply with statutory or regulatory requirements. Our statutory audit provides assurance on the truth and fairness of an organization's financial information; advice on controls and processing system weaknesses; confirmation of accounting treatments with respect to complex transactions; and specifically addresses any other regulatory reporting requirements such as those under Companies Act, 1956.

Internal Audit Services offer a wide range of tailored services and products to enhance corporate governance, manage business risk, provide assurance on control effectiveness, and support the clients in achieving their organization's objectives. Our services enable clients to effectively co-ordinate their key growth, quality and operational challenges - and working in partnership with us, clients have the benefits of our experienced, objective, and industry-grounded viewpoints.

We use a constructive approach in auditing. As a result of understanding the clients' systems, procedures and practices we often recommend improvement for more efficient operation, stronger financial structure and improved accounting and administrative controls. Our philosophy and practice is to blend the technical, the practical and the business approach in each audit engagement.

We ensure that financial statements are free of material misstatement and they comply with accounting standards. We ensure that Systems and Controls are in place.

The services offered include:

• Statutory Audits under the Companies Act, 1956
• Internal Audits including Management Audits
• Audits of NGOs, Societies, Trusts, Co-operative Societies, Schools, etc.
• Stock Audits
• IS Audits (Information System Audits)
• Bank Audits including Statutory, Internal, and Concurrent audits
• Financial Reviews
• Tax Audits under section 44AB of the Income Tax Act, 1961
• Other audits for 80 IA, 80 IB, 10A, etc.
• Investigations
• Debtors’ verification
• Certifications for Transfer Pricing
• Certifications for various other purposes

• Import-Export Code number
• STPI (Software Technology Park of India) matters
• SEZ ( Special Economic Zone) Matters
• Membership with Export promotion council
• Import-Export Consultancy & documentation
• Import License Related Matters.

Other services offered by us include:

• Corporate structuring and re-structuring,
• Mergers and Amalgamations,
• Business valuations for acquisitions, performance analysis, executive compensation, spin offs and taxation Project finance and implementation,
• System & MIS settings and implementation,
• Special studies for cost reduction,
• Business re-engineering,
• Due Diligences,
• Co-ordination of multi locational branches,
• ESOP Schemes,
• STP Registrations,
• Finance & Investment Consultancy,
• Liaison with various government and semi-government authorities, ministries, etc.

We have handled diversified clients involving variety of professional services. A list of the clients to whom we have provide professional services are as follows:

• Manufacturers
• Hotels / Restaurants
• Banks
• Consultants
• Educational Institutions
• NGOs, Charitable Trusts and Societies
• Advertising Agencies / Travel Agencies
• Software Developers & Solution Providers
• Housing Societies
• Contractors
• Exporters / Importers
• Doctors / Diagnostic Centres / Chemists
• Engineers
• C&F Agents/Liaison Agents/Commission Agents
• Retailers / Wholesalers / Traders / Distributors / Showrooms

Taxes may not be totally avoidable, but upfront tax planning provided by us, in parallel with the decision making process helps our client attain the desired results. Our professionals are guided by a single, strong underlying philosophy - "Helping our clients attain their business objectives".

The services offered include:

• Advising on the applicability of service tax.
• Assisting in obtaining service tax registrations / input service distributors registration / amendments.
• Review of contracts and agreements to help mitigate the overall incidence of service tax.
• Managing preparation and deposit of monthly/quarterly service tax dues.
• Managing filing of half-yearly Service Tax Returns
• Advising on availing CENVAT credit.
• Providing up-dation and due dates alerts in electronic media on taxation issues.