Our Services

Our Assurance, Audit and Attestation services are aimed at assisting stakeholders who could either be money lenders or investors. Moreover, these facilities aid the organisations seeking to expand to international financial markets. Pramodkumar Dad & Associates offers a panoptic range of services inclusive of compilations, audits and reviews. Such services facilitate an organisation with a deep understanding of the core of business growth.

Our assurance services include Statutory audit, Tax audit, Special audits and Investigations. Our Assurance assignments are conducted in accordance with the engagement standards issued by the ICAI. Our Audit Methodology is based on the Auditing Standards issued by the ICAI which are converged with the International Auditing Standards. As part of such audit assignments, we assess the adequacy of internal controls and our audit findings also reflect suggestions for improvement of such controls. We also assist in conversion of accounts in accordance with IFRS/ Ind-AS.

We offer the following Assurance services:

Undoubtedly, whether you are listed company, a private business enterprise or a LLP, you are surrounded with greater governance responsibilities and prevalent risks than ever before. And during this tough regime, what can be greater than an assurance assistance that safeguards risks and helps business progress through leaps and bounds.

Audits are performed for variety of reasons. To define its true and fair purpose, an audit ascertains:

-        Details of what is owned and what the organisation owes is properly recorded in the balance sheet

-        Whether profits or losses are properly assessed or not

-        For whatever purpose you inculcate audits, we work with clients to understand their unique business requirements to ensure authenticity, reliability and accuracy in detailing financial statements. We put together an integrated approach to help you escape the complexity of financial data so that growth and success can be retained long term.

Types of audits:

Statutory Audits

Industries: We work with public and private sector companies, closely held businesses, and nongovernmental organizations/ not-for-profit sector.

We have experience of operating in a wide range of industries including:

-Textile and Textile products

-Print media

-Sugar and Co-generation of Power

-Malting

-Automotive

-Fertilizer

-Publishing and Distribution

-Banking/ Insurance/ Non Banking Finance Companies

-Commodities Trading

-Telecom

-Healthcare

-Media & Entertainment

Review financial statements, analytical procedures to determine adequacy of policies

Due diligence assistance on acquisition, mergers and joint ventures

Ascertain reliability and effectiveness of management data thus developed

Evaluate whether reports presented are consistent in delivering desired results[GA1] 

We advise on:

An audit is an independent and systematic external evaluation. It begins right from ensuring whether the quality system of a higher education institution is fit for purpose and functioning, agreed criteria. Here, focus and emphasis is placed on the procedures that the institution uses to maintain and develop the quality of its operations.[GA2] 

Our team of educational auditors focuses on:

The quality policy of the higher education institution

Strategic & operational management

Quality management of several institution's duties

Income from investments

Income from donations & grants

Audits of assets

Stock Audits

Our dedicated team of financial consultants, auditors and chartered accountants holds years of industrial experience by advising clients on receipt and issues, sale and stock taking of stores and regulations governing purchases.

Our stock audit services specially made its availability for those who face difficulties in controlling various types of stocks. Under our stock auditing services, one obtains a valid chance of controlling cost of the stocks. Detailed checking of stock already exists in records and physical verification of all stocks focus towards providing right solutions to clients.

Due Diligence

While making an acquisition, investor often ponder a certain set of questions inclined with cash flow, future earnings, performance improvements and obtaining healthy returns overtime. At Pramodkumar Dad & Associates, we help you get and obtain all that are scalable as well as flexible to your organization expansion and grow.

Our major consulting areas involve:

Business/ Commercial Due Diligence

Tax & Regulatory Due Diligence

Financial Due Diligence

Special audits and investigations:

The objective such audit is to critically review the operations at

various levels of the management to ensure flawless process and effective control

Tax audits:

The firm provides services as required under the Income tax Act 1961.

Opinions on accounting and auditing matters:

This consists of opinions on accounting and auditing matters in respect of applicability and interpretation of accounting standards issued by ICAI/ notified by Central Government and in relation to auditing standards and requirement of corporate laws in connection with statutory audit

COMPLIANCE AUDIT

This type of audit is essential to regulate whether a company is abiding by the set rules and regulations. It consists of supervising as to whether the personnel are abiding by the rules prescribed by the company. This includes inspecting legal documents related to banks and other lenders in agreement with central bank and stock exchange directives or government directives. Essentially, the outcome of such audits is communicated to particular individuals and the higher authority who sought clarity in the matter at hand.

Taxation

Did you know an early tax planning not only lowers your tax liability but also leave you with a bigger share of income in your hands at the end of every financial year. Filing, planning, claiming refunds and even calculating can be tough for all and sundry. To get taxes manage rightly and timely, consultation of tax specialist at Pramodkumar Dad & Associates become must. Our experienced tax professionals offer accurate, convenient and affordable taxation services so that you can manage all tax related hassles conveniently and interestingly at one single destination.

Don't pay more than you must, speak with our tax professionals, reduce outgo and create wealth. Taxes though complex in nature offer ways to reduce tax liability, offset losses, deductions and refund. Get professional tax advice at one go!

We're here to simplify the tiresome and cumbersome process of filing taxes, so that you can spend less time and money in sorting tax related queries and devote more that give you desired results.

• Aren't sure which deductions are available to you?
• Often miss- tax filing deadlines?
• Couldn't estimate how much to pay into taxes?
• Unable to determine the cash flow available to you in the coming year?
• Find answers to all your complex tax questions, make informed decisions straightaway!
• How we can assist?
• Make tax deduction at source, simpler, smoother and beneficial so that you can get the bigger pie of your hard earned money
• Help you minimise your tax liability
• Help you initiate planning at an early stage
• Determine estimated tax requirements and payment minimization techniques
• Assistance right from tax planning, consulting, preparation until finally presenting before the authorities
• Provide smart meaningful advice with prompt proactive service
• Develop and implement appropriate strategies to lessen current and future tax burden

A) RETAINERSHIP

1) Compliance & Advise: (Monthly/quarterly)

•Registration with tax authorities

•Determination of tax liability

•Optimization of eligible tax benefits

•Transaction advise on tax aspects

•Submission of documents and filling of returns

(B) COMPREHENSIVE REVIEW

•Review of business process documents, data compilation and data selection for compliance

•Review of transactions for tax compliances like TDS, TCS, Withholding Taxes, MAT etc.

•Review of filling of returns and other regular compliances

•Review of controls/checks and documentation for compliance

(C) ADVISORY

1) Transaction Advisory: Solutions to optimize tax aspects (time & cost) of transactions like units in tax free zones / tax effective jurisdictions / Transfer pricing reports / reviews / advises

2) Structural Advisory: Tax planning / corporate structuring like mergers/

takeover/acquisitions/share/business transfers

•Evaluate and design tax effective structures for Business Groups, Mutual Funds, Private

Equity Funds etc.

•Structuring of Inbound & Outbound Investments under Treaties & Tax Laws & FEMA.

3) Litigation Advisory

•Submissions to / rep resenting clients for litigations like Appeals, Revisions, etc.

•Liaison with tax authorities for tax audits, tax raids and other litigations

4) Opinion

•Collection of facts, Interpretation and analysis of provision of laws, report on Opinion/Advise

on tax aspects of transactions/structures/litigations

DIRECT TAX ADVISORY

Evolving taxation strategy – Optimizing tax incidence through application of tax incentives, tax

holidays and benefits, double tax treaty networks, use of intermediate companies, transfer

pricing and other options, comprehensive worldwide tax planning etc.

Inbound and outbound investments – Advising on Tax and exchange control regulations

planning for investments in India and for Indian business concerns setting operations and

having investments abroad

Structuring of managerial remuneration – Advising clients on tax effective compensation

structuring for their employees

DIRECT TAX COMPLIANCE AND LITIGATION SUPPORT

• Preparation, review, and filing of corporate and non-corporate returns and e-returns
• Withholding Tax (TDS) compliance services
• Handling and representation in income tax Search, Seizure and Survey cases
• Appearance before Income Tax authorities
• Representation before judicial authorities in assessments and appeals
• Assistance in preparing submissions
• Assistance in availing exemption certi_cates and approvals
• Co-ordination with legal counsels
  • Conducting tax compliance review
  • Transfer Pricing studies;
  • Advising organizations in designing a tax efficient salary structure of employees;
  • Advising on the applicability of withholding taxes and providing certification services for outward remittances;
  • Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non deduction of taxes at source, etc.
  • Various certifications required under direct tax laws;
  • Updating clients on developments in the field of direct taxes which could have a bearing on their business
  • Evolving tax strategies and structures which would minimize tax incidence through a
  • detailed evaluation of: Double Tax Avoidance Agreements entered into by India with various countries;
  • Tax incentives and tax holidays and Tax incidence in other countries.
  • Providing opinions on various complex tax issues;
  • Tax planning for Non-Resident Indians, overseas entities desirous of setting up a business.

LITIGATION & REPRESENTATION

• Preparation and filing of Appeals before quasi-judicial and judicial authorities.
• Attending to any revisionary / appellate proceedings in India
• Search / Survey cases

International Tax Advisory

• Advice and assistance in seeking advance rulings from the Authority for Advance Rulings in
• India on international tax issues
• Withholding tax advisory
• Evaluation of tax treaties to examine tax-ability and availability of tax treaty relief
• Expatriate advisory services
• Assistance in obtaining Tax Clearance Certificates
• Representation before judicial authorities in assessments and appeals
• Assistance in filing tax returns

COMPLIANCES'

• Compliance Services viz. withholding taxes, replies to Show Cause Notices etc.
• Preparation and filing of tax returns/e-TDS returns etc.
• Attending to assessment and other proceedings in India
• Issuing tax clearance certificates for foreign remittances
• Opinions on DTAA, Transfer pricing, etc.
• Transfer Pricing Study

Company Law Matters

Thinking of forming a company does not sound as herculean as meeting with company formation challenges. Like many, if uncertainty of where to start, when to start are far more greater than going through legal formalities of setting businesses, hearing from experts can help purposefully.

Once you have finally made up your mind to head start a business, an important key consideration here is to find and finalize:

Where to set up?

What type of organization to be formed?

What is the procedure for setting the same?

What are pre-set up actions?

What are post- set up actions?

For complete assistance on all company law matters, bank upon us and reap benefits, ensure profitability and achieve desired goals.

Company law matters consultancy services facilitates:

Advisory on formation of company in India, viz, Private Limited, Public Limited, Subsidiary Co.

Handling establishment of new company

Government Co., Joint Venture Co., Holding Co., Foreign Co., etc.

Assistance on all matters related with Registrar of Companies & Company Law Board

Maintenance & compliance of Statutory Records

Advisory on Corporate laws, SEBI, FEMA and other allied laws

Handling incorporation of new companies

Providing assistance for mergers, amalgamation, absorption and external reconstruction schemes

Drafting / reviewing agreements deeds and other incidental documents connected with corporate matters

Securing approvals from FIPB, RBI, taxation authorities, etc.

Registration of trademarks, patents and advising on Intellectual property matters.

Navigating the challenges of setting up business in India not solemnly withhold plenty of opportunities but also make the entire set-up lengthy, cumbersome and tiresome.

Like many, if you too are dubious to set your preference, get customized solutions for all your business set-up problems and obtain instant solutions to all your company formation needs.

Company incorporation procedure:

Obtaining directors identification number for the directors

Applying for digital signatures for director

Making application for name approval of company

Filing incorporation papers with Registrar of companies

Preparing Memorandum and articles of association and paying stamp duty on the same

We facilitate:

Help obtain approval for the proposed name of the Company from the ROC

Facilitate drawing up the Memorandum of Association and payment of Government duty

Assist drawing up the Articles of Association and payment of Government duty

Facilitate getting a procurement of an office premises for registration

Help making payment of registration fee to the ROC

Help obtain certificate of commencement of business from the ROC (in case of a public company)

Help obtain PAN from the Income Tax Department

Registration of service tax, VAT, sales tax, excise duty, custom duty etc

Types of business entities advice available with us:

Private limited company

Public limited company

Unlimited company

Limited liability partnership

Partnership

Sole proprietorship

Liaison office

Project office

Branch office

Joint venture company

Subsidiary company

Start-up services

Setting up a new business can be an exciting and overwhelming event. In India’s current

competitive environment, entrepreneurs and founders are focused on commencing operations

and going to market as quickly as possible – yet they can

Mutual Fund Investment, SIP, Life Insurance, Tax planning and wealth management Services.

We help individual to identify their financial goals like Child's education, Retirement Planning, Tax planning, Wealth Creation, Risk Management. We use scientific approach to analyse, design and implementation for various financial needs. We offer solution using various products like Life Insurance, Mutual Fund Investment, Systematic Investment Plan, Lump sum investment, Equity SIP etc.