Audit & Assurance
Statuory Audit
Basic objective of the Statutory Audit is to ensure that the financial statements connected to your businesses give a clear, true & fair picture, and are completely free from any kind of error. Our elegant approach to the Statutory Audit of the financial statements is to provide reasonable assurance that the financial accounts have been prepared scrupulously in accordance with the Generally Accepted Accounting Principles (GAAP) and are completely free of any misstatements, errors, or discrepancies. We undertake comprehensive auditing of various types of accounts under the statues of the Companies Act 1956, Banking Regulation Act, Non Profit organizations, Income Tax Act, 1961, and the state Act, i.e. MVAT. Our precise statutory auditing services also include the statutory audits of banks, Due Diligence Reviews, and various other Government audits. In addition to impeccable statutory audit, we also help our perceptive clients by monitoring organizational ethics, in conducting effective reviews of the operational and financial performance, in the assessment of quality, in the economy and efficiency of their operations, and in suggesting continuous improvement strategies.
Internal Audits
To integrate harmoniously with the rapidly changing external environment, the companies need to be intrinsically strong. They must make their internal operations sound enough to meet any threat from outside. We take care of our clients in investigating the affairs of their business. We tailor our services as per the needs of our clients to enable them manage risk at both external and internal levels.
We help companies investigate the causes hindering smooth functioning of their business. We scrutinize unusual financial activity with the sensitivity and trust you place in us
Our wide range of Internal Audit Services provides expedient and elegant solutions to strengthen the internal control, proper risk monitoring, and the strategic risk management capabilities.
By supporting the internal audit functions by proper training of the internal auditors employing our vast market and industry knowledge, to create ingenious and highly-tailored solutions.
By devising internal audit sourcing solutions, including the full outsourcing or complementing in-house functions with highly specialized skills or geographical coverage.
Tax Audit
Every assessee, whose annual turnover exceeds the amount of Rs. 100 Lacs or the total business receipts from any profession exceed Rs.15 Lacs in any previous year, is bound to get his accounts thoroughly and properly audited and report the same according to the section 44 AB of the Income Tax Act. We outsource all types of tax audit services for all small and big companies and corporations of diverse sectors.
Tax Laws
Some of our Income tax services includes
- Advising all financial subjects which are of your interest and keeping you update on the new amendments, circulars, notifications & judgments.
- Verification of all payments to vendors for the purposes of determination of correct application of rates and category for deduction of withholding taxes.
- Computation of monthly TDS on the basis of above.
- Monthly tax reconciliation of the TDS due and deducted.
- Preparation and deposit of Monthly challans on or before the statutory due dates.
- Filing of quarterly E-TDS Returns.
- Filing annual Income Tax return.
Some of our Service tax services includes
- Compiling and calculating the net service tax on output services after taking benefit of Cenvat Credits.
- Compiling the data of Cenvat Credits for service tax.
- Preparing & Filing of Service tax Returns.
- Advising on the issues relating to Service tax.
- Consultancy on the maintenance of prescribed records.
- Tax Planning as regards the minimization of Service Tax Liabilit
Some of our VAT / CST services includes
- Rendering assistance in registration under VAT.
- Assistance in claiming input tax credit .
- Assistance in furnishing tax returns and claiming refunds .
- Advice on the legal aspects of VAT .
- Rendering advice on the wide range of issues in relation to tax invoices and retails invoices .
- Internal Audit and Compliance Reviews.
- Helping with audit of accounts necessary for a registered dealer
Corporate Laws
Companies Act
- 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:
- Incorporation of company .
- Filing of documents with Registrar of Companies
- Conducting Statutory Audit at the year end.
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FCRA
- Help in registration of NGOs under FCRA and return filing relating to fund received from out of country.
- Corporate Financial Services
Corporate Financial Services
Our local presence has given us an insight into the market as well as an understanding of local statutes and regulations. This makes it viable for us to deliver the services to our clients in a diligent manner. We provide whole range of services from project study to sanction of loans/limits.
- Study of new projects, expansion and diversification of existing businesses.
- Preparation of Project Cost, projected Cash Flow, Fund Flow, Balance Sheet, Income Statement, Ratio Analysis, CMA Data for banks.
- Preparation of statements acceptable to Banks and Financial Institutions.
- Handling queries of Banks/Financial Institutions
Accounts Management & Outsourcing
For any small or large business company, punctual, precise and proper bookkeeping decides how far the graph of success of the company will move. Though Bookkeeping is a monotonous and tedious task and takes long hours to maintain the accounts properly, but it is undoubtedly the backbone of any successful business. Most business organizations outsource their Book-keeping and Accounting works to the professional and reliable accountancy firms, in order to manage their businesses most smoothly, efficiently and profitably. Certainly, for precise and reliable book-keeping management, book-keeping & accounting outsourcing is the best option. Book-keeping outsourcing can provide accurate & reliable financial records and data readily. The Book-keeping & Accounting outsourcing benefits the companies and corporations of all sectors by saving their precious time, money and effort, by providing up-to-date records, and by sparing them for doing various types of business developmental activities and enhancing their core competencies.
Corporate Business Forms
In any business set-up, the type of business organization chosen to start up the business plays a very important role as various taxation and other polices varies from one business form to other. Though there are various types of business forms like partnership , proprietorship available but keeping in view the advantages and disadvantage of various business forms available, corporate business forms stands to be most credible and renowned form of business entity all over, overcoming the disadvantage and combining the advantages of other business forms.
Foreign BV
Experience of Foreign JV, and BV holding.