Auditing and Assurance Services

Statutory Audit :

The basic principal of statutory auditing is to ensure that the financial statements such as the Balance Sheet, Profit & Loss Account and Cash Flow Statement gives true & fair view and are free from any material misstatements. Our approach to Statutory financial auditing services of the financial statements ensures that the accounts prepared are in accordance with the Generally Accepted Accounting Principles (GAAP). We offer statutory auditing services, financial auditing services and tax auditing services.

Internal & Management Audit :

The main objective of Internal & Management Audits is that it functions as a service to management by providing independent, management oriented advice on an organisation's operations and performance and financial services. It aims at the promotion of efficiency, economy and effectiveness of the management processes, and also the reliability and accuracy of operations. We provide better internal audits for any company of any industry. The management Audits are done by group of professionals who are experts in the field for years. They are the best.

Tax Audits:

A tax audit, also known as tax enquiry, is an examination of one's tax affairs to check whether they have done what they are required to under the tax laws like declared all the assessable income or are entitled to the deductions and tax offsets they have claimed on their tax return. Our taxation advisory team is highly knowledgeable and well conversant with the tax laws of all the countries.

Internal Control Review

We help companies in a healthy review of their current processes. It helps them to improve in areas where they are lacking.

Due-diligence & Investigation

Our investigation department is also highly experienced. They evaluate the management team's characteristics, investment philosophy, and terms and conditions prior to committing capital to the fund.

Bank Audit

We are also an expert in the banking sector. We serve banks, both national and international, with their annual audits, concurrent audits,stock audits and audits of their branches

System Audit

It is also known as Process Audit. It is generally made against a specific document such as operating procedure, work instruction, training manual, etc. Our System Audit allows administrators to review a record of all system activity. It shows the general trends in system usage and also violations of our client's system use policy.

Concurrent Audit

Usually concurrent audit is adopted by big institutions like banks, State Level and Apex Bodies, District Co-operatives Central Banks, Central Stores, Sugar Mills, Spinning Mills etc., having huge volume of business and large daily transactions. Concurrent Audit helps in monitoring compliance in respect of all the internal control guidelines. In addition to it, reconciliation of accounts is done regularly.

Hence our Auditing & Assurance service is an independent professional service, typically provided by our experts with the goal of improving the information or the context of the information so that decision makers can make more informed, and presumably better, decisions to reduce Risk

Statutory Audit :

Direct Taxation :

Direct Tax is the tax that is paid directly to the government by the persons on whom it is imposed. It cannot be shifted onto others. The best examples of direct taxes are income tax and property tax. Direct tax is often accompanied by a tax return filing by the taxpayer.

Under Direct Taxation we provide tax consultancy services in the following areas:

• Direct Tax Services / Indirect Tax Services
• Double Taxation Avoidance Agreements
• Domestic /International Taxation
• Transfer pricing & Succession Planing
• Representation and Litigation Management
• Compliance & Regulatory Management
• Tax Planing - Corporate & Non Coporate

Direct Taxation- Income Tax:

We Provide PAN Card, Filing of Income tax, TDS Returns, Consultancy on Income Tax Matters, Tax Refunds, Tax Planning & Savings, Maintenance of Income Tax Records, Liaisoning with Income Tax Authorities, Tax deduction accountnumbers.

Direct Tax Consultancy

Taxation is an extremely complex subject and needs professional skill of the highest order and the consultant has to keep track of frequent changes and modifications made in the Income tax rules from time to time to be able to guide aptly in tax planning, documentation and represent the cases skillfully. Even a minor lapse can cost tons of money to an assessee. So we offer pragmatic solutions to manage the affairs in the most tax efficient manner. We have an aptitude for providing expert advice in tax planning.

Our tax consultancy service include income tax planning,Indian direct tax consultancy to corporate sectors, individuals , Firms and NRIs.

We take a holistic view, combining industry insight with the technical skills of financial and tax professionals, economists, lawyers and our other in-house resources as necessary, to develop comprehensive integrated solutions. Our tax services include:

• Getting Permanent Account Number (PAN)
• Filing of Income Tax Returns
• E-filing of TDS Returns
• Consultancy on Income Tax Matters
• Faster process of Income Tax Refunds
• Consultancy on Tax Planning & Savings
• Maintenance of Income Tax Records
• Liaison with Income Tax Authorities
• Tax deduction account numbers
• Services related to withholding taxes.

For Corporate Clients

With complete functional know how of ERP,We undertake Direct Tax services for corporate clients. Our tax services for corporate clients include:

• Day-to-day tax matters that include replying to various tax notices and providing necessary tax support on regular tax matters
• Management of tax records and reports in both Soft and Hard files including documentation as per SOX.
• Tax compliance that includes advance Income tax calculations and deposits, TDS compliance and filing of returns.
• Compilation of tax details for audit
• We support in the compilation of Transfer pricing documentation and certification.
• We also guide in the compilation of Corporate tax returns such as Income tax, wealth tax , and also its e-Filing with the revenue department.
• We provide support in the areas of PAN, TAN and online tax credits view also.
• We provide tax reporting on defined frequencies such as monthly, quarterly, annually to Parent Company according to their formats.
• Compilation of Various details for Tax Assessment purposes such as Scrutiny and Appellate level for Income tax and Transfer pricing

Personal Taxation

We offer personal taxation consultancy services like personal tax planning, personal tax consultancy services, tax compliance and advisory services that cover the following:

• Personal Tax Consulting.
• Personal Tax Services Compliances that includes compiling and filing of Tax returns.
• We provide review and assistance in advance tax computations.
• Representation before the Tax authorities related to tax assessments, refunds or other matters.
• We guide in getting various tax registrations that includes Permanent Account Number (PAN).
• Management of tax records in Soft and Hard forms.
• Advisory on tax issues like capital gains/ loans/ tax Investments etc

Tax Compliances

Preparation and filing of various statutory returns and documents with the revenue authorities periodically. A plethora of paper work is involved in filing numerous tax returns on quarterly, half - yearly and yearly basis. It is always a very complicated and lengthy process to be complied with punctually and regularly. Failure of compliance attracts heavy penalties and even prosecution in certain cases. An elaborate data has to be procured from account books of the firm/ company to fill in the returns entailing huge amount of labour and knowledge .

We undertake Regulatory compliances such as statutory returns and documents preparations, compilations and e-filings with the revenue authorities that include the following:

• Tax Audits as per the provisions of the Indian Income tax Laws.
• We help in the preparation and review of corporate tax returns to ensure the compliances with the Income Tax Act, 1961 and the various judicial pronouncements.
• We guide for the preparation and review of the withholding tax (TDS) returns as per the provisions of the Income Tax Act, 1961.
• Seeking Advance Rulings.

Tax Representations

We undertake tax representations before the Revenue authorities for Tax Assessments of Income tax and transfer pricing cases and any other such tax matters.

INDIRECT TAXATION :

Vat / Excise :

Sales Tax Consultant

• Advice on the applicability and levy of Central tax and State Sales tax laws or Works Contract tax.
• Provide assistance in the structuring of transactions and agreements in relation to inter-state and intra-state sales in order to make the tax incidences to the minimum.
• Conduct comprehensive Sales tax health-checks and also studies to ensure that the appropriate advice is given in setting up warehousing locations to minimise Sales tax incidence.

Sales Tax

• Registration under TN VAT Act.
• Registration under CST Act
• Online Filing of Returns.
• Rate of Tax under TN VAT Act.
• Consultancy of deposit of VAT
• Consultancies on VAT and CST Act
• Taxability of Sale of fixed assets.
• Objections, appeals , revisions, rectification of order.
• Amendments in registration Certificates.
• Consultancies on preparation of records as per VAT Act
• Refund of tax.
• Central Sales Tax.
• Assessment of Firm

Service Tax Consultancy

• We provide advisory services with regard to applicability of the tax and procedural compliance like registration, assessments etc.
• We help to review contracts and agreements to help mitigate the overall incidence of service tax.
• We help in conducting Service tax health checks to determine the service tax implications on client operations, gauge compliance with legal provisions and also suggest tax planning opportunities to our clients.

Service Tax

• Service Tax Registration
• Consultancy on Services and applicability of Service tax Act
• Filing of Service Tax return in ST-3
• Consultancy on deposit of monthly service tax
• Provide consultancies to both corporate as well to individuals.
• Maintenance of Service Tax Records.
• Liaisoning with respective Authority.

Customs

• We provide advisory services relating to various aspects of custom law and applicable regulations. We cover in it the rates of duties, exemptions, valuation planning, classification assistance and assessments.
• We render advice on a wide range of custom procedures and its documentation requirements, including import and export of goods, clearance of imports, warehousing, duty entitlements etc.
• We assist our clients on the policies and procedures set down under the Export-Import (EXIM) Policy like licensing requirements. We provide the right guidance to enable our clients to make the most of various benefits available to specific entities/projects or to units in certain specified areas and concessions available under various export promotion schemes.

Excise

• We render perfect advice on a wide range of issues that is related to excise duty implications.
• We provide the right guidance to enable our clients to make the most of excise duty concessions and relief.

VAT Consultancy Services

• We provide expert advice on a wide range of issues related to VAT implications on cross-border transactions.
• We assist in claiming VAT input credits.
• We suggest on the perfect strategy to minimise the global VAT incidence.

Anti Dumping Duties

• We render advisory services that include analysis of the existing anti-dumping proceedings.
• We guide in the preparation and filing of complaints with the Directorate General of Anti-Dumping (DGAD)

INTERNATIONAL TAXATION :

For All the tax related queries, we offer best of services within stipulated time frame. We help clients with all international taxation matters, such as:

• Worldwide taxation structures
• Transfer pricing issues
• Setting up of a foreign branch or subsidiary
• Foreign tax legislation
• Double taxation agreements
• Tax efficient funding and extraction of profits

Our cross-border and international tax services include:

• Transfer pricing strategies that protect profits within the increasingly complex regulatory environment.
• Worldwide tax minimization for international business.
• A full range of compliance services for international corporate and personal tax.
• Tax favourable immigration and emigration planning.
• High-level diagnostic of a group's transfer pricing policies, especially in due diligence assignments.
• Detailed functional analysis of selected entities and related industry analysis.
• Comparables and benchmarking analysis exercises.
• Compliance with local or global documentation sets.
• Price setting (TP planning) of entities in terms of functions performed and risks assumed.
• Structuring of inter company transactions and new business initiatives (using an integrated approach with the Tax and Regulatory team).
• Representation before Revenue authorities for transfer pricing audit defence.
• Management of international TP projects from an Indian perspective.
• Analysis of Attribution of Profits to Permanent Establishments.

The main purpose of our service in order to assist foreign companies investing in India :

Protect profits, minimize foreign tax liabilities, avoid making costly mistakes or being blindsided by complex offshore rules.

TAX COMPLIANCE SERVICE:

AACHARYA's tax compliance services include

• Preparation Services - Our qualified experts work with you to ensure that your returns are complete, accurate and filed in a timely manner.
• Tax Law Changes - We stay abreast of changes in tax regulations that affect compliance obligations and share those updates with you.
• Advocacy - Under a Power of Attorney agreement, Manian & Rao's tax professionals can be engaged to represent you before all levels of the Income Tax department and Appellate authorities.
• Making the most of tax-free opportunities.
• Keeping tax rates as low as possible
• Developing a plan for tax-efficient profit extraction.
• Keeping business taxes to a minimum.
• Minimising the tax on the sale/merger/de-merger/acquisition of your business.
• A tax-efficient remuneration package.
• Identifying tax-efficient savings Schemes.
• Minimising tax on gifts.
• Planning to reduce capital gains tax.
• Planning to minimise VAT liabilities.
• To obtain Permanent Account Number (PAN) and TAN number online.

Formula for Success

A relationship with Manian & Rao focuses on you, your values and your needs. We invite you to discuss your unique tax preparation and planning needs with us as a first step in the process of finding the right solutions for your tax situation.

TAX PLANING & CONSULTANCY:

When you select a professional tax advisor, you want to know you are receiving informed advice that will ensure you are in compliance with the law, while maximizing your tax benefits. Manian & Rao tax professionals provide that assurance for your business and personal tax needs.

Aacharya's tax planning and consulting specialists deliver smart, innovative ideas that help you keep more of what you've worked so hard to make. We focus on practical, value-added solutions to your tax problems. Our tax consultants specialize in making sense of the complex rules that often trap unsuspecting taxpayers.

Our tax planning services range far beyond just determining how much tax is owed based on your income. We work with you to answer strategic tax planning questions. Manian & Rao tax professionals work with you through every step of the process, including obtaining needed rulings from the Income Tax department