SERVICES



Accounting

Accounting plays a major role in a company. Accounting means recording all the transactions of the company in a systematic manner so that they are easy to understand and profit or loss can be determined after a certain period of time. In today’s scenario it is mandatory for all business to maintain their books of accounts as per the guidelines provide by Government and all related acts. As per the rules it is mandatory to maintain proper records of all business transactions and calculate the profit or loss at every year.

Services Offered:



1.       Book keeping services: preparation of all day to day accounting records at client’s office or our office as per the client requested.
2.       Finalization of books of accounts, preparation of computation, P&L account and balance sheet.
3.       Preparation of Cash flow statement, Bank reconciliation statement, Debtors and creditors statement and other MIS reports either monthly or quarterly basis as requested by the client.
4.       Preparation of quarterly Profit & loss account and balance sheet on quarterly basis.
5.       Completion of Internal audit on timely basis.
6.       Conduct and help in completion of external audit.
7.       Calculation and submission of govt. liabilities like TDS, PF, ESI, Advance tax, Sales tax, service tax on timely basis.
8.       Filing on all statutory returns of timely basis.
9.       Update the companies regarding any amendment in law and the effect of that in their business.
10.   Provide legal opinions to the company from time to time or as required by the company.



Central Board of Excise and Customs:


Central excise is a duty levied on the goods manufactured or produced in India.  The applicability of central excise duty is on manufacture and production in India of excisable goods. It is mandatory to pay the excise duty of the goods manufactured in India except exempted goods or goods exported out of India. Other than excise exempted goods there are various exemptions are also notified by the Government related to the payment of excise duty of manufactured goods.

Services offered:
  

New startup business options:


When starting a new business, there are options on which someone can choose any one of the following and start the business

Proprietorship:

Proprietorship is owned by a single person who is responsible for all the liabilities of the business and also entitled to its profits. Proprietorship can run the business in the name of owner or it can do the business in any other fictitious name. The sole proprietorship is popular business form due to easy of setup, less statutory requirements, and can be started at nominal cost.

Service offered:



1.       Consultation in formation of proprietorship
2.       Providing registration in Shop Act, VAT or Service tax, etc. (if any required).
3.       Finalization of P&L and Balance sheet.
4.       Filing income tax returns.
5.       Providing legal opinion from time to time or when required.


  
Partnership Firm:

When two or more persons formed an entity for running the business activities is called partnership.
Both partners are liable for the debts of the business as well as the share of profit in the business according to their mutually agreed profit sharing ratio. 

Services offered:
 
1.       Formation of partnership.
2.       Registration of partnership, if required.
3.       Registration in Shop Act, VAT, Service tax and other statutory bodies, if any required.
4.       Maintaining books of accounts on regular basis.
5.       Finalization of accounts and preparation of computation, P&L and balance sheet.
6.       Calculation of partner’s remuneration as per law.
7.       Completion of audit, if required
8.       Filing of Income tax return of firm and partners.
9. Computation of tax liability and filing of returns of other acts like VAT, Service tax, TDS if registered.
10.   Completion of assessments of all acts applicable.
11.   Update the firm regarding any amendment in law and the effect of that in their business.
12.   Provide legal opinions to the company from time to time or as required by the firm.
  


Private Limited:

A private limited company is registered under Indian Companies Act, 1956 having minimum two directors and minimum share capital of Rs.1,00,00. The liability of shareholders is subject to maximum paid up value of share capital. In private limited company shareholder cannot offer their shares to general public over a stock exchange.

Services offered:



1.       Registration of company under Indian Companies Act,1956
2.       Registration in VAT, Service tax, TDS, PF, ESI and other statutory bodies, if any required.
3.       Maintaining books of accounts on regular basis.
4.       Finalization of accounts and preparation of computation, P&L and balance sheet.
5.       Completion of audit
6.       Filing of returns
7.       Completion of assessments of all acts applicable.
8.       Update the company regarding any amendment in law and the effect of that in their business.
9.       Provide legal opinions to the company from time to time or as required by the company.

Income Tax:


Income tax is also known as direct tax. Income tax is a tax which is charged on the income of a person. By law, every individual or business must file the Income tax return every year to determine that whether they are liable for any tax or eligible for refund if there is any tax deducted at source

Origin of Income Tax:

The income tax was imposed in America first time during the war of 1812 to collect the fund for repayment of $ 100 million debt that was incurred through war related expenses. After the end of war, the tax was repealed but in the early 20th century income tax became permanent.

Tax Deducted at source (TDS):

TDS is also known as one of the way to collect the Income tax, in which at the time of making /credited certain specific nature of payment to the other person, it is the responsibility of the payer to deduct certain percentage of amount as tax and submitted to the government account. The percentage of tax is varied on the type of payments.

Services offered (For Corporate):
 
1. TAN Registration.
2. PAN Registration.
3. Calculation and submission of TDS.
4. Filing of TDS returns.
5. Income tax audit and assessment completion.
6. Consultancy in issue of form 16 and form 16A.
7. Reply of Income tax notices.
8. Internal Audit.

Services offered (For Individuals):

1.    Filing of Income tax return.
2.    Calculation and submission of Advance tax.
3.    Calculation and submission of Self-assessment tax.
4.    Filing of return and preparation of Computation, P&L and Balance sheet for small business.
5.    Reply of Income tax notices.
6.    Help in tax planning.
7.  Help in tax refunds