Talati & Talati LLP

Audit approach of the firm is to concentrate efforts on controls and key risk areas enabling to provide a straightforward, cost effective audit. The firm has considerable experience and expertise in Statutory Audit, Internal Audit, Tax Audit, Concurrent Audit and Special Investigative Audit of Corporate and Non Corporate entities, Government Companies/Corporations, Banks, Financial Institutions, Public Utilities, Insurance Companies, Co-operative Societies, Charitable Institutions, etc.

• Statutory Audit prescribed under various laws

• Tax Audit prescribed under the Income Tax Act

• Internal Audit of Corporate and non-corporate entities

• Limited Reviews

• Sarbanes Oxley compliance

• Special Investigation Audit

• Accounting Due Diligence Review

• Fraud cum Investigation Audit

• Other entities like Banks, Trusts and Co-operative Societies

• Audit and relating recommendations

We also provide accounting and bookkeeping services.

Complete services to our clientele with the help of qualified assistants and other Chartered Accountants for filing Income Tax Returns, appearing before Income tax Authorities and handling complete services at assessment levels before the Income Tax Authorities.   

The firm’s Direct Tax partners are having specialization in handling Search/Raid cases, Survey cases and other complicated cases of Investigation Wing of the Income tax Department.    
Specialization by Mr. Sunil Talati in filing Applications before Settlement Commission for all kinds of complicated tax avoidance, tax evasion matters arising due to Survey, Search or even otherwise.     The firm’s three partners are having specialization in handling Search/Raid cases, Survey cases and other complicated cases of Investigation Wing of the Income tax Department.

Consultation and advises in connection with International Taxation, Double Taxation relief, Transfer Pricing and all other services related to Income tax and Direct Taxes pertaining to Residents, Non-Residents, Foreign Nationals, Foreign Citizens and Foreign Institutional Investors.   

 Authorities and handling complete services at assessment levels before the Income Tax Authorities. 
  The firm’s Direct Tax partners are having specialization in handling Search/Raid cases, Survey cases and other complicated cases of Investigation Wing of the Income tax Department.     Complete services of FEMA including obtaining various permissions from Reserve bank of India and all other matters relating to Inward and Outward remittance.

“We looked into what happens to a dollar of U.S. corporate spending when a company moves a service job to India. We found that, far from being a zero-sum game, offshoring is a story of mutual gain, benefiting both countries. The receiving economy (India) captures 33 cents, in the form of wages paid to local workers..but the gains to the U.S. economy are much larger. The most obvious source of value is the cost savings enjoyed by U.S. companies. Thus, far from being bad for the United States, offshoring creates net value for the economy – to the tune of $1.12 to $1.14 for every dollar that goes abroad.

Principles of Accountancy remain the same in every part of world. Accounting Transcription means sending the raw data through internet for outsourcing at a distinct place, processing of data and re-transmitting the processed data to the principal in a prerequisite manner.

• Registrations with appropriate Authorities, filing of Returns, Tax Planning andnecessary follow up with the Department from time to time

• Filing of refund claim under various notifications

• Tax planning including applicability of the tax, effect of various Notificationsand Clarifications from time to time and including updating the clients from various penal provisions for non-adhering various applicability of Service Tax/Central Excise

• Handling the cases with the Department, which include filing of returns,liaisoningwith Department, appeals and/or legal requirement with the department

• Advising on service tax accounting as required by law and updating theclients regarding ammendments made from time to time