Taxation and Regulatory Compliances

It is very much important for everyone to be tax & regulatory compliant, not only from the perspective of saving late filing fees / penalties or avoiding litigation but also from the perspective of business growth & expansion. Those who are thoroughly tax & regulatory compliant get:

  • Easy loans from their bankers
  • Easy funding from their investors
  • Easy subsidies / guarantees / tender approvals from the governments or related organizations

In India, tax compliances and complexities are increasing and becoming burden-some, wherein proper system and technology need to be applied in order to meet the regulatory deadlines. On account of the same, everyone (From individual to big corporates) look for a consultancy firm which not only guides / advises but also provides quick support / solution for their regulatory & tax filings. And here we can help.

We are an end to end solution for your taxation & regulatory need. Many business enterprises have already outsourced their whole taxation and regulatory filing related work to us. We always try to make our clients free from compliance work so that they can focus their own business related work.

Our firm, N. B. Kewlani & Co, Chartered Accountants is having proper soft-wares / tools to file required forms / returns / statements and meet the deadlines under relevant law. Our professionals are well qualified and having legal knowledge of the relevant provisions of the law as well as the experience of advising to the clients.

Our firm provide following services under this field:

Income Tax Compliances

  • Tax planning, computations and filing of annual income tax returns for all kinds of assessee (i.e. Individual, Partnership Firm, LLP, Company, Trust etc.),
  • Filing of quarterly TDS / TCS returns & monthly TDS / TCS payment compliances,
  • Annual tax audits and related forms filing under the requirements of income tax law,
  • Filing of other regulatory & compliance forms such as form-15CA/15CB etc.,
  • Handling assessment and appellate proceedings,
  • Transfer pricing and international taxation,
  • Obtaining 12A & 80G approvals for Charitable Trusts

Goods & Service Tax Matters Compliances

  • Registration under the law and obtaining GST certificate,
  • Streamlining the accounting system and making it compatible for E-invoicing, E-way bill generation and GST return filing,
  • Monthly & Quarterly return filing (For regular tax-payers: GSTR1, GSTR-3B, GSTR-2B reconciliations while for composite tax-payers: CMP08),
  • Filing of Annual Return and reconciliation statements (For regular tax-payers: GSTR-9 & 9C while for composite tax-payers: GSTR-4),
  • Handling GST refund applications and getting the same processed,
  • Handling assessment and appellate proceedings.

Tax Audits under Income Tax Act

Tax audit is conducted with a purpose of calculating proper taxable income of the entity. Scope of the tax audit is determined by the provisions of Income tax Act and related rules. Tax auditors are required to verify the books of account maintained by the entity, report the particulars in the required statement / form and file the same with income tax department. Forms of tax audit report are different for various entities and the same are required to be filed within due dates specified by the department.

Company & LLP Law Compliances

A company and a limited liability partnership (LLP) is a legal person created / incorporated under their own statute. These statutes specify their own regulatory compliances. Accordingly every company is required to file requisite forms as well as comply with relevant regulations on annual basis under the provisions of the Companies Act, 2013 and related rules. Similarly every LLP is also required to file requisite forms and comply with relevant regulations on annual basis under the provisions of the LLP Act, 2008 and related rules.

Company Law Compliances:

  • Formation of the company (including conversion of another business enterprise into the company) and related form filings,
  • Drafting / alteration of memorandum / articles of association,
  • Filing of annual company law forms with MCA such as MGT-7 (Annual Return), ROC-4 (Financial Statements) etc.,
  • Other company law compliance such as drafting of directors report, minutes of general meetings / board meetings, notice to members etc.,
  • Maintenance of various registers under the provisions of the companies act,
  • Compliances related to DIN allocation and up-dation / alteration of directors’ KYC details.

LLP Law Compliances:

  • Formation of LLP and related forms filing,
  • Drafting / alteration of LLP agreements,
  • Filing of annual LLP law forms with MCA such as Form 11 (Annual Return) and Form 8 (Statement of account & solvency) etc.,
  • Compliances related to DPIN allocation and up-dation / alteration of partners’ KYC details.

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