The approach towards audit and assurance has undergone a sea change in recent times, with higher expectations from all stakeholders and regulators.
While it provides a sense of security to some, it is also a wake up call for erring entities. The mindset of auditees has also undergone significant changes and audit is no longer only about compliance or regulation. Audit and audit findings help organizations assess and evaluate internal processes, operational efficiencies, staff commitment etc. We follow a solution centric approach, with timely warnings, open communication and technical support.
We have an experience spanning over 3 decades in providing assurance services under various statutes across various industries for the past several years, which includes:

• Audit Under Companies Act: exposure in Audit of various listed and unlisted, midsized to small companies under the Companies Act, 2013;
• Audits under Banking Regulation Act,1949: exposure in Branch Statutory, Concurrent, Revenue, stock audits etc. of several banks under the Banking Regulation Act, 1949;
• Insurance Companies:Statutory Audit of Insurance companies under the Insurance Act, 1938;
• Tax Audit under Income Tax 1961: Tax audit is required u/s 44AB of the Income Tax Act, 1961. We have been auditing midsized to small business entities (corporate and non-corporate) under the Income Tax Act, 1961;
• Special Audits under the Income Tax Act, 1961
• We have also conducted audit of stock broking entities under the Securities Contracts (Regulation) Act, 1956,
• Audit of Power Companies under the Electricity Act
• Audit under the respective State Value Added Tax Acts: We have conducted several VAT audits under several State Vat laws.
• Audit of Non-Banking Financial Companies under the Reserve Bank of India (Non-Banking Financial Companies) Regulations;
• Audit of non-profit organisations (charitable organisations).

Under most Indian laws, various matters are required to be certified by Chartered Accountants. We provide such attestation and certification services under various laws.

Direct Taxes is not just about paying one’s share of the taxes. Through amendments in Direct Tax enactments, successive Governments have been increasingly seeking more compliance from the tax payers for data collation as well as timely tax collection and recovery.
Compliance requirements under the Direct Tax Laws, unlike in earlier years, is now a round-the-year exercise, with monthly/quarterly/annual due dates.
Further extensive litigation and frequent changes and additions to the law requires continuation updation not only at our end but also at the Tax payers’ end.
The range of professional services in the area of direct taxes rendered by us include:

• Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non-deduction of taxes at source, etc.
• Tax representation before the Indian tax authorities at all levels (up to the Income Tax Appellate Tribunal);
• Evolving tax strategies and structures which would minimise tax incidence through a detailed evaluation of:

     (1) Double Tax Avoidance Agreements entered into by India with various countries;

     (2) Tax incentives and tax holidays and

     (3) Tax incidence in other countries

• Providing opinions on various complex tax issues;
• Transfer Pricing studies, preparation of transfer pricing report under Income Tax law,
• Advising organizations in designing a tax-efficient salary structure of employees;
• Advising on the applicability of withholding taxes and providing certification services for outward remittances;
• Various certifications required under direct tax laws;
• Updating clients on developments in the field of direct taxes which could have a bearing on their business.

Our clientele include Corporates, HNIs, Public Charitable Trusts, Expatriates, Small and Mid Sized Partnership firms, LLPs etc.

The Indirect Tax regime in India comprises a plethora of laws, rules and regulations at the central as well as the state level. Our team stays abreast of all the developments on tax policies, administration and key judicial pronouncements, thereby identifying threats and opportunities for providing innovative tax solutions to our clients. Its range of services in this area includes:

• Advisingon structuring of transactions, which would help minimize the incidence of Goods and Service Tax (GST) within the framework of the applicable laws;
• Continuous tax advisory through verbal and written updates.
• Obtaining registration under GST, obtaining Import Export Code.
• Preparing and filing of tax returns under GST and advising on the quantum of tax payments and
• Applying and obtaining refunds related to Exports from GST department;
• Rendering opinions on various complex issues under indirect tax laws;
• Representation before the Central Excise, Service Tax and State Vat/GST authorities (upto Appellate level)
• Assurance and Certification services as required under GST.

We have the necessary resources with the requisite experience to provide cost-effective and qualitative Business Process Outsourcing Services. Our range of services in this area includes:

• Accounting and preparation of financial statements;
• Accounts Receivable/Payable Function;
• Payroll processing and related Tax Deduction at Source formalities;
• Maintenance and reconciliation of investment records.