Services

Incorporation services

Incorporation services provide comprehensive support for various entities, including individuals, partnerships, limited liability partnerships (LLPs), trusts, and companies. For individuals, these services assist in establishing sole proprietorships and obtaining necessary licenses. Partnerships benefit from drafting agreements and registration, while LLPs require assistance with formation and compliance. Trusts are established through the creation of trust deeds and adherence to legal standards. l obligations, including tax filings and annual returns.

Companies, whether private or public, receive help with incorporation, governance documentation, and regulatory compliance. Additionally, ongoing compliance services ensure that all entities meet lega

Goods and Services Tax

Goods and Services Tax (GST) services encompass a range of offerings, including GST registration, compliance assistance, and timely filing of returns. These services help businesses manage input tax credit (ITC) claims and ensure proper documentation.

Additionally, GST advisory services provide guidance on tax implications for transactions, while audit support aids in responding to notices and managing assessments. Training sessions are also offered to enhance understanding of GST regulations. Overall, these services help businesses navigate GST complexities, ensuring compliance and optimizing tax liabilities.

Income tax services

Income tax services for Indian nationals, including High Net-Worth Individuals (HNWIs) and those earning foreign income, focus on comprehensive tax planning and advisory to optimize liabilities. These services encompass the preparation and filing of Income Tax Returns (ITRs), ensuring compliance with regulations and proper reporting of foreign income while leveraging tax treaty benefits

Additionally, the services include assistance in responding to income tax notices and managing related queries from tax authorities, providing clients with effective support in navigating their unique tax situations.

Accounting and bookkeeping

Services involve the systematic recording, analyzing, and reporting of financial transactions for businesses and individuals.

1. Bookkeeping: Maintaining accurate and up-to-date records of financial transactions, including sales, purchases, receipts, and payments.

2. Accounts Payable and Receivable Management: Managing invoices, payments, and collections to ensure healthy cash flow.

3. Financial Statement Preparation: Compiling monthly, quarterly, and annual financial statements, such as balance sheets and income statements.

4. Payroll Processing: Calculating wages, withholding taxes, and ensuring compliance with labor laws and regulations.

5. Tax Preparation: Assisting with tax filings and ensuring all financial records are in order for tax compliance

6. Financial Analysis and Reporting: Providing insights through analysis of financial data to support business decision-making.

Statutory audit and tax audit

Statutory audit and tax audit services under Section 44AB of the Income Tax Act focus on ensuring compliance and accuracy in financial reporting for businesses. Key aspects include.

1. Statutory Audit: This mandatory audit is conducted to verify the financial statements of companies and certain entities, ensuring they comply with accounting standards and regulatory requirements. The auditor provides an independent opinion on the fairness of the financial statements.

2. Tax Audit under Section 44AB: This audit is required for businesses with a turnover exceeding the prescribed limit. It involves a thorough examination of financial records to ensure accurate reporting of income, expenses, and tax liabilities. The auditor assesses compliance with tax laws and provides a tax audit report, which is crucial for filing tax returns.

3. Compliance Support: Both audits ensure that entities adhere to statutory requirements, helping avoid penalties and legal issues.statements, such as balance sheets and income statements.

4. Recommendations for Improvement*: Auditors often provide insights on improving financial practices and internal controls based on their findings.

TDS (Tax Deducted at Source)

TDS (Tax Deducted at Source) filing services involve a range of offerings designed to ensure compliance with TDS regulations

1. TDS Calculation: Accurately calculating TDS on various payments such as salaries, interest, rent, and contractor payments based on applicable rates.

2. TDS Return Preparation*: Preparing and filing TDS returns within the stipulated deadlines, ensuring all deductions are reported correctly.

3. Form 16/16A Issuance*: Generating and issuing Form 16 (for salaried employees) and Form 16A (for non-salaried payments) to beneficiaries, detailing the TDS deducted.

4. TDS Compliance Management*: Monitoring and ensuring compliance with TDS provisions, including timely payments and filings to avoid penalties

5. Advisory Services*: Providing guidance on TDS-related queries and best practices to optimize tax obligations.

6. TDS Reconciliation*: Assisting with reconciling TDS records with the tax department’s database to resolve discrepancies.

Financial services

Financial services encompassing wealth management, investment opportunities, and related offerings

1. Wealth Management: Comprehensive strategies tailored to individual financial goals, including estate planning, retirement planning, and tax optimization. Investment Opportunities: Identifying and recommending various investment avenues, such as stocks, bonds, and alternative investments, based on risk appetite and financial objectives.

2. Mutual Funds: Providing guidance on selecting mutual funds, including equity, debt, and hybrid funds, to diversify investment portfolios and optimize returns. Projected Balance Sheets: Preparing projected balance sheets to forecast future financial positions based on various growth scenarios and investment decisions.

3. Net Worth Certificates: Issuing net worth certificates that detail an individual’s or entity’s assets and liabilities, often required for loan applications or other financial assessments.