Taxation & Financial Advisory
We will give advice, audit accounts and provide trustworthy information about financial records. So that you can run your business peacefully!


Audit and Assurance Services
An audit is a systematic review and assessment of all the information or documents. There are different Audit types, but in the context of professional services, an audit is generally considered financial. The primary intention of an Audit is to provide reasonable assurance, but not absolute assurance that the financial statements give an accurate and fair view with regard to the financial reporting framework. Assurance is a professional service provided with the aim of improving the quality and transparency of information. It also reduces the chance of problems that occurs due to incorrect information. Audit and assurance services can be regulatory or compliance-based.

15CA 15CB Certificate Under Income Tax Act, 1961
As per Section 195 of the Income-tax Act, 1961, every person is liable for making payment to non-residents shall deduct TDS from the payments made to non-residents if such sum is chargeable to Income-tax then the withholding tax need to be deducted and form 15CA and 15CB is the declaration for the same. A person making the remittance (a payment) to a Non-Resident (not being a company) or a Foreign Company has to submit form 15CA. This form is submitted online. In some cases, a Certificate from Chartered Accountant in form 15CB is required after uploading form 15CA online.

Book Keeping & Outsourcing
Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is a necessary process for accounting firms. It records your business’s financial transactions into organized accounts daily. However, it is tiresome and time-consuming, making it difficult to handle in-house. So, it is better to assign the bookkeeping tasks to a third-party provider. Outsourced accounting is when an organization hires a third party to accomplish its finance and accounting services. The practice of outsourcing promotes cost savings along with facilitating expansion. It works well for small business owners who cannot afford in-house bookkeeping.

Cross Border Transaction
A cross-border transaction is basically any transfer of property, goods, or services between individuals or business entities who reside in different jurisdictions. The transaction itself maybe something as simple as buying widgets over the internet from China or as complex as multi-tier joint venture investment structures in another country with complex service and distribution agreements. Some of the most common cross-border payment methods include bank transfers, credit card payments, and alternative payment methods such as previously mentioned, E-Wallets and mobile payments.

Foreign Direct Investment (FDI) in India
Foreign direct investment (FDI) is when a company takes controlling ownership in a business entity in another country. FDI is the sum of equity capital, long-term capital, and short-term capital as shown in the balance of payments. FDI usually involves participation in management, joint venture, transfer of technology, and expertise. Foreign direct investment in India is a major monetary source for economic development in India. Foreign companies invest directly in fast-growing private auspicious businesses to take benefit of cheaper wages and changing business environment of India.

Funding / Loans
Funding is the provision of capital. For startups, it’s the provision of capital that allows you to realize your business plan. To cover the whole funding of your idea you will most likely need several financing sources. Company funding is the money that investors offer to a company. In general, there are two types of financing that a company obtains; equity (stock) and debt (bonds/loans). And when a company receives it, they then use this cash for the operating capital. With this funding, shareholders and bondholders expect to earn returns from what they invested in the company in the form of stock appreciation, dividends, and interest. The growth and amount of revenue the company can gain will determine which type of company funding will be the best in the end.

Tax Return Filing
An Income tax return (ITR) is a form used to file information about your income and tax to the Income Tax Department. The tax liability of a taxpayer is calculated based on his or her income. In case the return shows that excess tax has been paid during a year, then the individual will be eligible to receive an income tax refund from the Income Tax Department. As per the income tax laws, the return must be filed every year by an individual or business that earns any income during a financial year. The income could be in the form of a salary, business profits, income from house property or earned through dividends, capital gains, interests, or other sources.

Scrutiny Assessments
This is a detailed assessment and is referred to as a scrutiny assessment. At this stage, a detailed scrutiny of the return of income will be carried out to confirm the correctness and genuineness of various claims, deductions, etc., made by the taxpayer in the return of income.
Questions that may arise
When audit findings reveal flaws or errors in certain financial documents, processes and systems, the immediate response would be to find and implement quick fixes to tackle any issues raised in the short term.When audit findings reveal flaws or errors in certain financial documents, processes and systems, the immediate response would be to find and implement quick fixes to tackle any issues raised in the short term.
Every client we work with can benefit from our data-driven insights and innovative approach, as well as our commitment to provide quality and value.
Every person whose total income exceeds the exempted limit is liable to pay income tax. During the previous year 2022-2023 if an assessee9s income exceeds Rs 3,00,000, is liable to pay income tax under the Act.
If your total aggregate income is up to ₹3 lakhs, you don’t have to file a return. However, if your income exceeds ₹3 lakhs, return filing becomes mandatory. Even if, after deductions and rebates, your taxable income is reduced to an amount below ₹3 lakhs, you will have to e-file an income tax return stating your income, its sources, the available deductions, and rebate.
There are two types of taxes:
Direct Tax and Indirect Tax, of which incidence and impact fall on the same person, is known as Direct Tax, such as Income Tax. On the other hand, tax, of which incidence and impact fall on two different persons, is known as Indirect Tax, such as GST, etc. It means, in the case of Direct Tax, tax is recovered directly from the assessee, who ultimately bears such taxes, whereas in the case of Indirect Tax, tax is recovered from the assessee, who passes such burden to another person & is ultimately borne by consumers of such goods or services.
It means the period of 12 months starting from April 1 and ending on March 31 of the next year.
Eg: Assessment year 2022-2023 which commenced on April 1, 2022 and ends on March 31, 2023. Income of previous year of an assessee is taxed during the assessment year. Every person who is liable to pay tax under this act shall file return of income and these returns are processed by the income tax officers.
Income earned in a particular year is taxable in the next year. The year in which income is earned is known as previous year and the next year in which income is taxable is known as assessment year. In other words, previous year is the financial year immediately preceding the assessment year. Current Assessment year is 2023-2024 and the previous year is 2022-2023.
The tax verification form might get rejected. Though it is uncommon, it might happen in certain cases.
TDS is deducted by entities paying you for professional services. This deduction is made on your behalf before you file your returns.
TDS on your salary is deducted by the employer assuming your tax bracket and on your salary income. If you have other sources of income or if your tax bracket changes, you will have to pay additional tax on your income. In the case of other incomes, TDS is usually deducted at rates as applicable and prescribed by the income tax act. However, if your tax bracket is 20% or 30%, you need to pay the additional tax.
After a successful filing, the IT department issues an automated acknowledgment. To check the income tax return status, look for this acknowledgment on your registered email. If you receive the mail, your return has been filed. If not, you need to check the income tax portal for any missing steps to be done such as e-verification of return or submitting the saved draft.
Bookkeepers and accountants may seem pretty much the same. They both record and maintain financial records for businesses. The truth, however, goes much deeper and is much more nuanced than a simple explanation would have you believe.
Yes, you will – your bookkeeper is there to provide you with assistance, and to keep up with the financial details of your operation, leaving you to spend time working on and growing your business. All decisions about the business remain with you.
Selection of the ITR form depends on the nature of Income. Here are the forms which you can choose according to income.:
- ITR-1: For Individuals (Residents) having Income from Salaries, one house property, other sources (Interest etc.) and having a total income up to Rs.50 lakh. (Not for an Individual) who is either Director in a company or has invested in Unlisted Equity Shares)
- ITR-2: For Individuals and HUFs not carrying out any business or profession
- ITR-3: For individuals and HUFs having income from business or work.
- ITR-4: For individuals, HUF and firms (being resident) having u/s 44AD, 44ADA and 44AE and having a total income of up to INR 50 lakhs (Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares)
- ITR-5: For persons other than:-
Individual, HUF, Company and Person filing Form ITR-7
- ITR-6: For Companies other than companies claiming exemption under section 11
- ITR-7: For persons including companies required to furnish return under sections 139(4A) or 139(4B)or 139(4C) or 139(4D) or 139(4E) or 139(4F)
Mode and process of generating and validating income tax returns through Electronic Verification Code (EVC):
- Through Aadhaar Number OTP
- Generation of EVC
Through Net banking
Through Email id and Mobile Number
Pre-validating Bank Account Number
Through DE-mat Account Number
- e-Verify through available EVC (If already have the same)
A return can be revised u/s 139(5) before processing by the department or before the expiry of the relevant assessment year whichever is earlier.
While uploading the original return if the assessee forgot to disclose any income or claim any deduction or he wants to change particulars of the ITR he can do revision in his ITR by uploading the revised return.
Yes, as per the latest government announcement, all business units and taxpayers are obliged to present their Aadhar numbers while filing income tax returns and also when applying for a new Permanent Account Number (PAN). Further, the taxpayers are required to link their PAN numbers with Aadhar numbers and on a strict basis, the PAN cards which are not attached to the Aadhar Numbers will be deemed invalid.
E-Filling is compulsory for the assessee (being individual or HUF) who is claiming a Refund or whose Total Income exceeds Rs. 5,00,000/-:
In case of Assessment under section 143(3), a scrutiny is carried out to confirm the correctness and genuineness of various claims, deductions, etc., made by the taxpayer in the return of income.
An expert who has your Back
You get a consultant who learns the nature of your business. They know what to file, which exemptions and reliefs you’re entitled to, and take care of the documents. When you have a question, just drop a message or call, they respond daily and answer to the point.