AUDITING SERVICES

1.Auditing is a detailed examination of the financial reports of an organization or an individual. It is used to provide confidence for all stakeholders that the accounting reports are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws.

Accounting vs Auditing

Overall, auditing is a more specialized field of accounting but the two go hand in hand. This means that auditors must be aware of accounting standards, rules and regulations. In fact, auditors must be qualified and competent in accounting in order to properly conduct an audit.

We provide the following Audit Services:

• Statutory Audit

• Internal Audit

• Concurrent Audit

• Income Tax and Goods and Services Tax Audit

• Management Audit

• Forensic Audit

• Due Diligence Review

• Costing and Accounting System Design, Implementation and Review

• Compilation of final accounts as per accounting standards such as IND AS, IFRS, US GAAP

• Fixed Assets Audit, Stock Audit, Systems Audit, Revenue

2. COMPANY FORMATION SERVICES

At SKC ,we have an experienced team of professionals, specialised in advising the right kind of business setup considering the needs of the clients who are exploring new business opportunities. Our consultants design specific services which help business owners to start a business in a cost effective manner in their desired location after thoroughly understanding all the legal procedures and formalities involved.

We have strong business setup service experience in India and help in:

• Determining the legal form (sole proprietorship, partnership firm, private company, public limited company, OPC, LLP etc.) and the economic activity of the business

• Incorporation and registration of the business entity

• Digital Signature Certificate (DSC)- obtaining new and renewal of existing DSC

• Obtaining Director Identification Number (DIN)

• Fulfilling all certification and licensing requirements

• Trademark Registration

• Registration with EPFO & ESIC department

• Registration under Goods and Services Tax

• Registration under MSME

• Registration with FSSAI department, Shop & ESTABLISHMENT Registration

3 . LEGAL SERVICES

We believes in adding value to the clients’ businesses with its vast experience across varied sectors in India. We assess what each agreement or document could mean to the profitability, sustainability and objective attainment of the client in the short-term as well as the long-term along with the tax and other implications that may arise from it.

We apply our legal experience to the clients’ business in the following aspects:

• Drafting and review of commercial arrangements to check their viability

• Drafting of legal documents such as shareholder agreements, joint venture (JV) agreements, foreign collaboration agreements, lease agreements, MOUs, retainership agreements, partnership deeds, supplementary deeds, takeover agreements.

• Drafting Memorandum of Association and Bye-laws for trusts, associations, commercial building societies, housing societies, co-operative societies.

• Advising clients on employment related agreements, engagement of consultants, statutory compliances (including employee benefits, maternity benefits, bonus and other liabilities)

• Assisting clients in all forms of Intellectual Property including Patents, Trademarks, Copyright, and Designs and drafting agreements and making applications with the relevant authorities for registration.

• Advising clients on mergers, joint ventures, acquisitions, takeovers, management buy-outs, business transfers in both domestic and cross-border transactions.

4. TAXATION SERVICES

• With the drastically changing tax landscapes, ever increasing tax compliances, changes in business policies and reforms in order to keep in line with the various amendments being introduced over time, it has become imperative for taxpayers to execute business strategies in order to minimize tax liabilities within the framework of law.

• Our team here at Tax Solution India . consists of tax professionals who provide advisory across all tax disciplines– direct tax, indirect tax and strive to resolve disputes with tax authorities in the best possible manner. We also assist in representation before the various forums and authorities.

5. DIRECT TAXATION

We provide the following services with respect to direct taxation:

• Preparation of Income Tax returns for individuals, firms, corporates & other assesses

• Advice on computation & payment of Advance Tax

• Tax Audit

• Consultancy relating to Domestic & International Transfer Pricing

• TDS & Withholding tax compliance

• Representing before the assessing authorities for expeditious and timely completion of assessments

• Income tax Appeals before CIT (Appeals) and ITAT

• Filing Application u/s 197 & getting it approved from the Department of Income Tax

• Consultancy relating to taxation of NRIs, expatriate taxation & International Taxation

• Effective tax management, tax structuring and advisory services

• Designing/ restructuring salary structure to minimise tax burden

• Obtaining PAN for assesses, employees etc.

• Assessing the liability towards deferred taxes

• Providing regular updates on amendments, circulars, notifications & judgments

• Liaison with Income Tax Department for rectification, assessment, obtaining refunds etc.

6. INDIRECT TAXES

We provide the following services with respect to indirect taxation:

• Assistance in registration under GST (Goods and Services Tax)

• Compilation of data for availment/utilization of Input tax credit

• Preparation and filing of GSTR1 & 1A, GSTR2 & 2A, GSTR3 & 3B & GSTR7 return (Monthly) as well as GSTR 9 & 9B (Annual Return) after verification of data and calculation of GST liability

• Handling all kinds of queries on GST Law raised by the clients

• Regular updates to the clients on changes from the Government\departments due to newly emerging laws and rules

• Advising on maintenance of Statutory Books of Accounts/records required under GST Law

• Replying to departmental queries raised from time to time

• Representing before the assessing authorities for timely completion of assessments

• Assisting in claiming GST refunds

• Filing applications in case of refund & getting it approved from department

• Assisting the client in getting annual GST Audit done in respect of each registered presence where the client is situated

• Customs laws, compliances & corporate advisory services

• Documentation, preparation, and filing of an application to get duty credit scrips under SEIS, MEIS and other Duty Exemption Schemes

• Documentation, preparation, representation with DGFT to avail EPCG Authorization, Advance Authorization, etc.

• Obtaining Custom duty refund like EDD refund, CEPA refund etc.

7. INCOME TAX SERVICES

We are in the practice of Income Tax Laws for over the last 05 years. The broad areas of practice are

• Obtaining PAN, TAN

• Income Tax Planning and IT Return filing for individuals and corporates.

• Obtaining Lower Tax Certificate both for Resident and Non Resident assessees.

• Obtaining Tax Residency Certificate (TRC)

• E-TDS return filing

• Attending scrutiny assessment

• Drafting appeals and appearing before the CIT

• Conducting Tax Audit and submission of Audit Report

• Conducting Transfer Pricing Study and submission of TP Report

• Issue of Certification for repatriation of funds from India

• Tax planning and tax consultancy for Resident as well as Non Resident assesses

We at SKC & CO ., Bangalore help the entities in the above areas of Income Tax law. We are providing Income tax related services to Individuals, Professionals, Companies, firms, proprietors, etc. In case you need these services, we would be glad to assist you. Please write US.

8.GOODS AND SERVICE TAXES

Goods and Service Tax is a nationwide Indirect taxation system in India. We. provide various services under GST namely, registration, audits, consultation on product classification, opinions, obtaining LUT, etc

9.SECRETARIALANDCOMPLIANCEservice

Our dedicated team of professionals at TSI. offer a series of key services and also ensure that the client organization is complying with applicable acts and rules including SEBI Act, Companies Act, Depositors Act, FEMA, and other industry-specific laws.

• Statutory Registrations under different laws like Income Tax (PAN & TAN), GST, Provident Fund (PF), Employees State Insurance (ESI), Professional Tax (PT), Import-Export Code License (IEC), FSSAI Act, Shops & Establishments Act, Trademark, etc.

• RBI/FEMA Compliances- advisory & compliances for Foreign Direct Investment (FDI) and Overseas Direct Investment (ODI)

• Filling of various Forms with the Registrar of Companies, Ministry of Corporate Affairs for director appointment/ resignation, name changes, registered office changes, auditor appointment/re-appointment/resignation etc.

• Drafting and maintenance of minutes of meetings

• Filing of Annual Returns

• Compliances of additional issue of shares, change in share capital, issue of share certificates

• Charge creation, modification or satisfaction

• Conversions of private limited company to LLP and vice versa

• Preparation and maintenance of registers such as Register of Members, Register of Charges, Register of Loans and Guarantees etc.

• Secretarial support services for ongoing compliances under Companies Act, 2013