CORPORATE SERVICES AUDIT


Corporate Finance
SERVICES FOR NON-RESIDENTS ACCOUNTING SERVICES Income tax Value Added Tax (VAT) SERVICE TAX Outsourcing Payroll Payroll Management Includes: Statutory forms preparation: Pension scheme: Income tax and TDS works: Management Information Sysems (MIS) repots : Project Finance TAX DEDUCTED AT SOURCE (TDS)

• TDS assessment. LEGAL ADVISORY SERVICES :

 CORPORATE SERVICES

• Incorporation of company
• Consultancy on Company Law matters.
• Planning for Mergers, Acquisitions, De-mergers, and Corporate re-organizations.
• Filing of annual returns and various forms, documents.
• Clause 49 review for compliance with fiscal, corporate and tax laws
• Secretarial Matters including share transfers
• Maintenance of Statutory records
• Consultancy on Public/Rights/Bonus Issue of shares.
• Change of Name, Objects, Registered Office, etc. AUDIT
• Indepth study of existing systems, procedures and controls for proper understanding. Suggestions for improvement and strengthening.
• Ensuring compliance with policies, procedures and statutes.
• Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
• Checking the genuineness of the expenses booked in accounts.
• Reporting inefficiencies at any operational level.
• Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.
• Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
• Issue of Audit Reports under various laws. Types of Audits conducted • Statutory Audit of Companies
• Tax Audit under Section 44AB of the Income Tax Act, 1961.
• Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
• Concurrent Audits.
• Revenue Audit of Banks.
• Branch Audits of Banks.
• Audit of PF Trusts, Charitable Trusts, Schools, etc.
• Audit of Co-operative Socities.
• Information System Audit
• Internal Audits.
• AUDIT U/S 44AD . Corporate Finance
• Preparations of Project Reports .
• Preparation of CMA data for bank loans.
• Private placement of shares, Inter-Corporate Deposit, Terms loans, working capital limits, etc .
• External Credit Borrowings (ECBs). SERVICES FOR NON-RESIDENTS
• Allotment of Permanent Account number (PAN)
• Tax planning.
• Obtaining Advance Rulings on debatable issues.
• Consultancy/ advice on FEMA/RBI matters.
• Filing Income Tax/ Wealth Tax Returns
• Advice on making investments
• Issuing certificate for repatriation of income / assets from India.
• Making application to RBI for various matters including sale and purchase of residential and commercial properties. ACCOUNTING SERVICES
• Accounting System Design & Implementation
• Financial Accounting
• Budgeting
• Financial Reporting
• MIS Reports
• Financial Analysis
• Asset Accounting Management
• Depreciation and Amortization Schedules
• payroll PAYROLL
• Preparation of Monthly Salary Sheet.
• Deductions as per applicable laws like Income Tax, Provident Fund, Professional Tax etc.
• Computation and deposit of TDS, ESI, PF etc.
• Disbursement/ Online Payment of Salary.
• Pay slip by password protected e-mail.
• Reimbursement of telephone, medical bills etc.
• Issue of Form 16 to employees.
• Periodic Reconciliation of payments/statutory deductions etc. with books of accounts.
• Administration of gratuity, superannuation, pension schemes etc. Benefits of Outsourcing
• Enables business to concentrate on core business activities.
• Use of manpower for more important functions
• Investment in fixed assets reduced/minimized.
• Substantial Savings in Cost.
• Services of experts made available.
• Improved Internal Controls
• Enhanced reporting capabilities to provide more timely and accurate financial data
• Off-site Backup of Data. Income tax
• Consultancy on various intricate matters pertaining to Income tax. • Effective tax management, tax structuring and advisory services.
• Tax Planning for Corporates and others.
• Designing / restructuring salary structure to minimise tax burden. • Obtaining Advance tax Rulings.
• Obtaining No Objection Certificates from Income tax department. • Obtaining PAN for assessees, employees etc.
• Advance tax estimation and deposit.
• Assessing the liability towards deferred taxes.
• Providing regular updates on amendments, circulars, notifications & judgments.
• Filing Income Tax and Wealth Tax returns for all kinds of assessees. • Filing Income tax returns for employees of corporate clients.
• Liaison with Income tax department for rectification, assessment, obtaining refunds etc.
• Expertise in complicated direct tax assessments.
• Filing and pleading appeals under various provisions of IT Act.
• Special expertise in search, seizure and prosecution litigation.
• Advice on future tax implications in respect of the potential acquisition.
• Opinions on the various Double Tax Avoidance Agreement related issues.
• Settlement of various issues raised under FEMA. Value Added Tax (VAT)
• Getting Sales Tax Registration under Central Sales Tax Act and State VAT.
• Consultancy on matters related to Sales Tax including Tax planning.
• Preparation of VAT (Value Added Tax) returns.
• Filing of Electronic/Manual VAT returns
• Help in obtaining statutory forms.
• Liaison with VAT authorities Getting Sales Tax Assessments done. • Filing and pleading appeals wherever necessary.
• Consultancy on matters related to Works Contract SERVICE TAX • Registration under Service tax.
• Consultancy for maintenance of proper records.
• Consultancy for proper accounting for Service tax.
• Consultancy on various issues relating to Service Tax.
• Compilation of data of Cenvat credit.
• Assistance in availment of notified Abatements.
• Utilization and availment of service tax credit in accordance with the Service Tax Credit Rules, 2002.
• Computation of Service tax payable.
• Preparation and filing Returns.
• Getting assessments done Outsourcing Payroll Payroll management services and solutions empower the companies and the management to effortlessly manage critical employee information on a day to day basis. You canaccess contact information, personal information, Salarydata, attendance, investment details, Salary certificates,complex statutory details and much more. Payroll Service is a complete, full-servicesolution for managing your payroll. It evenhandles all filings and deposits for governmentdepartments and local jurisdictions. With Payroll Services, you get fewerpayroll headaches, less tediouspaperwork, and peace of mind with Payrollservices. Managingpayroll hasnever beenso easy. Outsourcing Payroll Benefits:
• freeing up time to focus on core activities.
• Reduce the pain of maintaining records.
• Peace of mind gained from expertise.
• Increasing operating efficiency.
• Avoid technology headaches.
• Direct transfer of Payments.
• Increase Payroll efficiency.
• Avoid penalties.
• Reduces Cost.
• Reduce risk. Payroll Management Includes:
• Maintaining master data base of all employees.
• Entering attendance data, Leaves, Overtime, Monthly Reimbursements if any.
• Maintaining Masters towards recovery of Loans as deduction from monthly salary.
• Calculations and deductions of Correct Tax Deducted at Source from the salaries of Employees.
• Processing of HR and Pay particulars for new joinees from offer letter.
• Preparation and Processing of payroll.
• Salary output and variance statement to be verified and authorized.
• Disbursements of salary to employees via power pay accounts.
• Distribution of Pay slips to employees.
• Downloading the payroll data to Finance for making necessary entries in books of acc.
• Submission of PF, ESI, TDS, Professional Tax advice to Finance Department to make necessary cheque for deposit of the same to the credit of central Government, and other relevant details in case of PF for complying with PF monthly formalities.
• Preparation of full and final settlement of employees and settlement of the Statutory forms preparation:
• Calculation of PF,ESI as per rules.
• Calculation of PT
• Compliance with PF, ESI,Bonus, Pension, Gratuity,statutory rules and registers.
• Monthly/Quaterly/Half-Yearly/Annual statutory reports.for PF, ESI,PT and bonus etc.,
• Forms of employees pension scheme,
• Employees state Insurance regulations.
• Minimum wages,payment of bonus, paymentof Gratuity etc.,Employees’ Provident fund and Pension scheme:
• Monthly forms;Challan, Returns, PF form-12A, form-5, F-10, Pension form – 1.
• Yearly forms: PF form – 3A, PF form – 6A.
• Declaration form: PF F-2. PF F-11.
• SSN (Social security number ) Allotment form.
• PF withdrawal F-19, Pension withdrawal F-10C. Income tax and TDS works:
• Calculaion of Tax on salary as per IT
• Calculation of TDS is to be deducted.
• Preparation & E Filing of Form 24Q & 26Q
• Preparation of Salary computation sheet.
• Preparation of form 16, F 16A,F 12BA
• Preparation of draft computation sheet.
• Generating digitally signed forms Like, F 16, F 16AA.
• Filing of Income tax returns form ITR 1. Management Information Sysems (MIS) repots :
• Preparation of Payroll register, salary computation
• Attendance comparison sheet.
• Pay slip, Arrear slip and Bonus slip.
• Pay voucher, advance voucher.
• Exp report, DOB report.
• Paid leave, unpaid leave, over time, bonus,PF, ESI, PT,TDSregistersetc. Online access:
• Employer login.
• Employees login.
• Contact info.
• Personal info.
• Salary data,
• Attendance, certificates.
• Plan your paid and unpaid leaves
• Update your investment details.
• Take print of your salary slip
• Check various earnings.
• Know you deductions
• Edit personal info. Project Finance Project Finance is the financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cash flow generated by the project. Project Finance in form of Term Loan, Equity, Domestic & External Borrowings, etc.
• Preparation of Project Report
• Project Advisory Services
• Term Loan & Working Capital
• Real Estate Project Funding
• Infrastructure Project Finance
• Buyers credit, Letter of Credit, Bill Discounting
• Bank Guarantee
• External Commercial Borrowing (ECB) Loan finance
• Bridge Finance
• FCNR Funding
• Venture Capital –Seed Capital Equity
• Consortium Loan Arrangement
• Restructuring of debts TAX DEDUCTED AT SOURCE (TDS)
• Advice on all matters related to compliance of TDS/TCS provisions.
• Obtaining Tax Deduction Account Number (TAN).
• Periodic review of TDS/ Withholding Tax compliance.
• Computation of monthly TDS.
• Monthly reconciliation of TDS due and deposited.
• Monthly deposit of TDS electronically/manually.
• Issue of monthly/annual TDS certificates.
• Filing of quarterly E-TDS/Manual Returns.
• Filing of Correction Statements.
• TDS assessment. LEGAL ADVISORY SERVICES :
• Handling Corporate Tax litigation & Representing clients before various revenue authorities in assessment & appellate proceedings w.r.t. Income Tax including international taxation, Service Tax, Excise, Customs etc
• Providing advisory services w.r.t. Income Tax, Service Tax, Excise, Customs and regular updating the clients w.r.t latest circulars, notifications & Judicial pronouncements.
• Providing consultancy with respect to International Tax Matters including complainces of FEMA & Tax treaties with various countries.
• Corporate Tax Review, Tax Planning & providing consultancy on taxation matters including value added inputs for pending litigations.
• Giving advice in relation to Income Tax administrations and tax planning on various aspects including suggesting ways for claiming tax benefits and / or exemptions.

No.15/36, 1st Floor, 3rd Cross, Palm Grove Cross Road, Victoria Layout, Behind SBI Austin Town Branch,
http://www.sureshassocites.in
8884355543

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