Prashant J. Joshi & Associates

Services offered to	Corporates
Experience in Years	10 Years
Service Mode	Offline
Payment Mode	Online And Offline
Service Location	Palghar, Thane And Mumbai

Our company is highly rated in providing Chartered Accountant Services.

Our firm has made unbelievable breakthrough in the providing Chartered Accountant Services  ServiceAttributed for its flexibility and reliability, these services are broadly demanded. Clients can acquire these services at most affordable rates.

We are listed amongst the top firms of the market engaged in offering a large collection of  LLP Matters Chartered Accountant Service(s) ,providers to the clients.

We are listed amongst the top firms of the market engaged in offering a large collection of  LLP Company Registration Services , providers to the clients.

We Are one of the leading consultants and service provider of Business Services, Business Startup Services and Individual Services. These are available in the market at reasonable rates.

Our organization is standout name in providing Accounting Analysis to our customers. These services are executed by our deft professionals by employing latest technology and techniques. These services are provided at market leading rates.

 

Due Diligence Review is required to be conducted to help the clients in taking various important critical management decisions like fresh investment, acquisition/takeover, merger, etc. At RGC, we conduct Due Diligence Review, Credit Evaluations, Viability Studies, Techno-Economic Reviews and detailed study of target businesses / organisations so as to enable our client to identify strengths, weaknesses and risks in any business/organization and take appropriate management decisions. Our understanding drawn from experience and knowledge of various laws, regulations, practices and procedures help us to vet various critical issues, activities and functions in detail. 

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.

LLP Registered in India has to file the annual return within 60 days from the end of close of financial year. Statement of Account & Solvency by 30th October of the end of following fiscal year. The audit of LLP Books & Accounts applicable only when it crosses the annual turnover limit Rs. 40 Lac in a year.

Industry To Cater	all
Location/City	Pan India
Type Of Service Provider	CA

Income tax return filings delhi mumbai lucknow kanpur banglore chennai 

Corporate Tax Service

• Assess liability for claiming R&D incentives
• Assisting in implementing systems and processes for capturing the necessary information relating to R&D incentives
• Assistance in preparing and processing application forms relevant for recognition and approval of R&D facility
• Identifying the expenditure eligible for R&D incentive claims
• Preparation, review and facilitating R&D tax incentive claims
• Also support services for realization of R&D incentive claims

Eligibility for claiming Relief:

• The company claiming the relief should understand that R&D projects seeks to achievean advance in overall knowledge or capability in the field of science or technology.
• The project must be related to the company’s existing business or if it is a startup which will be based on the results of R&D.
• If the company is claiming tax relief under SME scheme it must own any intellectual property that might arise from the project.

R&D Cost that qualify for relief:

• If the company and project meets the necessary conditions that it is eligible to claim tax relief on revenue expenditure .i.e. day to day business expenditures excluding capital expenditures on assets such as
• Employees Cost related to the employees directly involved in carrying out R&D excluding the consultants, agency workers or directors who have entered in the contract of employment.
• Staff providers to whom the company is paying who are actively engaged in carrying out R&D
• Material either consumable or transformable material which are used in carrying our R&D activity
• Clinical trial cost
• Utilities such as power, water, fuel used in the R&D. These does not include telecommunication cost and data cost
• Computer software
• Sub contracted R&D Expenditure

How and when to claim R&D Relief:

When to claim:

• The company can claim R&D Tax relief in your CT Return or amended return. The time limit for the same is 2 years after the end of the relevant CT accounting period.

How to claim:

• The company shall claim for R&D tax relief by placing an X in either box 99 (SME) or box 100 (large companies) of your CT return, and in both cases, place the enhanced expenditure in box 101 - that is, the actual amount spent multiplied by 230% or 130% as appropriate. The company should also include this enhanced figure in your calculations of the profit (box 3) or loss (box 122) for the period.
• If your company is a SME and you want to convert some or all of the tax relief into payable tax credits you’ll also need to put the amount payable to the company in box 87, box 89 and box 143 - and put an X in the ‘repayment due for this return period.

Record Keeping Requirements:

• There is no specific record keeping requirement for R&D tax relief claims. But the general requirement of CT is to keep sufficient records to support the entries on your CT return still applies

Key Strengths:

• We have dedicated R&D team with extensive experience in providing services to clients engaged in diverse industries and sectors
• Our team of professional provides advice in respect of matters relating to tax and regulatory implications and processing of potential R&D tax benefits

Key Services provided by us:

• Assess liability for claiming R&D incentives
• Assisting in implementing systems and processes for capturing the necessary information relating to R&D incentives