Auditing is defined as a systematic and independent examination of data, statement, records, operation, and performance, (financial & or otherwise) or an enterprise for a stated purpose. In any auditing situation, the auditor perceives and recognizes the proposition before him for examination, collects evidence, evaluates the same and on this basis formulates his judgment which is communicated through his audit report.
Types of Audit:
VAT is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on the value added to a product, material, or service, from an accounting point of view, by this stage of its manufacture or distribution. The value added to a product by or with a business is the sale price charged to its customer, minus the cost of materials and other taxable inputs. A VAT is like a sales tax in that ultimately only the end consumer is taxed. It differs from the sales tax in that, with the latter, the tax is collected and remitted to the government only once, at the point of purchase by the end consumer. Being a state law, vat varies from state to state.
The Indian Corporate world is regulated by various Acts Rules and Regulations and we cater all the required needs of the Corporate by our enthusiastic team of professionals with the expertise in the field of Company Formation, LLP formation, Conversion of Companies, XBRL filings, Corporate Restructuring, Mergers and Acquisitions, Advisory Services, Winding up and Closure of Companies.
Transfer pricing is a valuing the transactions between associated enterprises at an arm’s length Price. Transfer Pricing regulations are required since there are:
This is the basic idea of International Transfer Pricing.
The Finance Act 2012, extends the scope of TP provision to ‘Specified Domestic Transactions’ between related parties w.e.f. 1 April 2012 commonly known as Domestic Transfer Pricing, whereby the transactions between related parties are also covered. This is to keep an eye on transactions between related parties whether or not taking place at arm’s length price.
We provide various services which include furnishing of CA Report, Memorandum stating corporate background and analysis based on FAR, representing the assessee in front of the department, etc
Efiling of TDS Returns & providing TDS related Advisory Services to Corporate Assessee& Non Corporate Assessee.
FEMA is the short title of Foreign Exchange Management Act. The name itself is quite clear to indicate that FEMA come into picture only when there is some foreign exchange involved. It is a highly complex and vast area of understanding, which has serious implications upon non compliance.
There are several different type of transactions mainly bifurcated into Current account transactions and Capital account transactions, each of which have several individual limits. These different transactions are further classified into Automatic route transaction Vs Approval route transaction based on their permissibility.
But simple rule remains
ANY Foreign exchange = Need to check for FEMA regulations / compliance,
And we cater to any such client requirement. Our services hereunder also include any kind of RBI registration or permission
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