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We provide the following Income Tax Services:

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Payroll is essentially an overhead, like all overheads, organizations will be keen to control payroll costs as much as possible. A thorough cost assessment usually proves that a any business adopting payroll outsourcing saves money, time and achieve greater efficiency and transparency in payroll matters. To assess your own internal payroll costs, consider the value of time actually spect by anyone who undertakes payroll processing. Despite the potential savings, cost is not the primary reason why most firms make the payroll outsourcing leap, there are other major benefits including time saving, efficiency etc. which influence decision of any business to undertake payroll outsourcing.

Outsourcing your payroll can provide any business with a number of important benefits. Using an outsourced payroll solution is typically more efficient for a small business than processing payroll internally. Outsourcing payroll allows an organization access to the best solutions and latest technology without the need for software upgrades or a direct investment. When you use payroll outsourcing consulting services you can focus on achieving your business goals. Outsourcing payroll will eliminated the need for keeping up-to-date with changing laws, and can significantly reduced your legal risk. No business owner looks forward to wading through the mountains of paperwork related to payroll service and employee benefits. In fact, it is estimated that one in three small businesses receive a tax penalty each year. Payroll Outsourcing to expert professionals does away with the risk of many of these penalties and hassles as an outsourced payroll provider calculates payroll taxes, based on its expertise and close tracking of regulation changes, correct and timely filing of monthly or quarterly employment tax reports are managed by the payroll service provider, Annual Tax requirements are handled directly by the payroll provider, so they are sent out on time.

Payroll outsourcing is a very common and growing practice these days. Payroll outsourcing is an affordable way to take away burdens of payroll processing, because it is a time-saving and cost-effective alternative to internal payroll processing. Outsourcing payroll will also allow you to take advantage of the payroll firm’s expertise in preparing tax documents, which can be difficult for small business owners trying to do it on their own. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities. Further, Payroll outsourcing costs are negligible when compared to the expenditure incurred in processing payroll with in-house staff. Therefore, outsourcing payroll processing generates cost saving, improves focus on core business and most importantly enables growth without manpower constraints.

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Cost Reduction

Cost reduction is a major reason why companies consider outsourcing. Utilizing external providers for non-core business functions enables companies to reduce their manpower and infrastructure costs. Any business can avoid the cost of paying accounts staff salaries and save on office space, furniture, hardware, software and all the problems associated with recruiting and managing staff and reap significant cost advantage from outsourcing accounting function. Cost is only one issue but accounts outsourcing also benefits other company aspects.

Benefits

Benefits from accounts outsourcing increases your profitability, free up time to concentrate on your core competencies and significantly lessen your administrative burden. Today, more and more businesses are realizing the benefits of outsourcing their accounting operations to specialised professionals.

Globally, there has been an emerging trend of businesses and large corporations outsourcing their financial processes especially accounting processes to specialized professionals for better management of their resources and time. Accounts outsourcing leads to increase in profitability, frees up time to concentrate on core competencies and significantly lessen administrative burden on any business. Outsourcing of bookkeeping and financial services are safer, very sensible and costs very less. Outsourcing bookkeeping work is always a money-saving option for all types of business ventures. The need for timely, accurate, professional and, perhaps most importantly, affordable accounting and finance information is now more important than ever.

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We provide the following services under Accounting Outsourcing Solutions:

We provide the following services under Payroll Outsourcing Solutions:

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12a and 80g registration, Renwal 80g exemption

Ahuja & Ahuja’s NGO department specialises in providing legal, professional and consultative services to various NGO clients. We specialise in services to NGO’s such as NGO Formation through various modes like Trust, Society, Section 25 company etc., Income Tax Registration like Section 80G & 12A of Income Tax Act Registration, Section 35AC registration etc., NGO Auditing and Compliance services including services like internal audit, statutory audit, society audit etc., other legal registrations and compliance like Foreign Contribution Regulation Act (FCRA) Registration, FCRA Compliance & Returns etc.

We treat our NGO clients at par with our commercial clients (if not more) and endeavor to provide our best professional services to the utmost satisfaction of our NGO clients. We also ensure that our services to NGO’s are reasonably priced.

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Private Equity Funding

Private Equity funding is one of the least cost funding available (as compared to debt) for high growth prospect companies. PE Funding do not require any fixed commitment of returns and are looking for medium term capital appreciation of their investments. This funding option are mostly viable for high growth prospect companies requiring financial resources for future expansion. We provide end to end services for obtaining PE Funding and are currently dealing with most of major PE Funding companies in India.

For any information / query regarding Internal Audit feel free to contact us. Contact Us

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Finance is the life blood of any organisation, having too less of blood leads to anemia in human beings, similarly paucity of finance leads to decrease in activities or shelving of future expansion plans of any organisation and may even lead to failure of business.

We offer services for arranging finance for businesses to meet its various needs. Our range of services cover debt funding, PE (Private Equity) Funding, Project Financing through banks and other financial institutions etc. Brief details of our services are provided below.

We provide the following Financing Services:

For any information / query regarding Statutory Audit feel free to contact us. Contact Us

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Foreign Liaison Office – On Overview

If you are looking for opening a representative office in India for representing your organisation in India or for marketing and liaison purposes then Foreign Liaison Office is the best suited for your organisation. The main benefit of liaison / representative office is that it is not liable to any taxes in India as it is not undertaking any business activity in India. Its scope of work is limited to liaison and marketing for parent company. It is however required to deduct tax at source wherever applicable.

It is subject to various restrictions and can only conduct activities permitted by the Reserve Bank of India at the time of granting permission for opening liaison office or if permitted later. It can only undertake the following activities in India.

It cannot undertake any activities other than the activities mentioned above subject to the permission of Reserve Bank of India. Some of the activities that a Liaison Office cannot undertake in India are given below. This list is not exhaustive and only illustrates some of the activities that a Liaison Office cannot undertake in India.

A Foreign Liaison Office is a special business setup mode which can be setup only with prior permission of Reserve Bank of India (RBI). RBI looks at various factors before granting permission to any company to setup liaison office in India which include (but are not limited to) background of the parent company, background of the directors, country of incorporation of parent company, proposed activities of liaison office etc.

An application for registration of foreign liaison office is required to be made in Form FNC-1 along with the following documents:

RBI may ask for any further documents as may be necessary in addition to these documents.

For any information / query regarding our Business Setup Services feel free to contact us. Contact Us

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What is Foreign Branch Office India

A Foreign Branch Office is really a 100 % functional branch of the parent company in India. It may carry out any business activity within India as permitted by Reserve Bank of India, except manufacture of items.An International Branch Office is responsible to pay income tax on any income produced through its operations in India.

Any sort of manufacturing activities can’t be carried out by branch office whereas on the other hand they may subcontract this to Indian manufacturer. Branch Offices founded with the permission of RBI, may remit outside India earnings from the branch, net of applied Indian taxes and subject to RBI rules of thumb. RBI (Reserve Bank Of India) is responsible for approving permission to setup branch offices.

For setting up Foreign Branch Office in India and application needs to be made to the RBI in Form FNC-1. The application must include the following facts :-

Branch Office on ?Stand Alone Basis?

Such Branch Offices could well be isolated and limited to the Special Economic zone (SEZ) on it’s own and no business activity / exchange will be permitted outside the SEZs in India, that include branches/subsidiaries of its parent office in India.

No consent will be necessary from RBI for a company to register a branch/unit in SEZs to undertake manufacturing and support activities governed by specific conditions.

For any information / query regarding our Foreign Branch Office Setup Services feel free to contact us. Contact Us

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Process for Company Formation India

Every person desirous of forming a company in India needs to comply with specific steps. The procedure for company formation in India is mentioned in brief below:

The promoters of the company need to determine the type of company to be formed i.e. private company, public company, non-profit making company etc depending on the operations and activity of the company, capital required, size of operations, method and amount of financing etc.

The planned directors of the company are first and foremost required to get Director Identification Number (DIN). Should they have already been alloted a DIN No. earlier, it is necessary. Further, at least one of the directors must get Electronic Signature from prescribed authority. Every single document of the company would be filed only after getting digitally signed from a director or managing director or manager or secretary from the proposed company.

A minimum of six proposed names for the company to be formed, is selected by the promoters subsequently after careful observation of varied provisions, circulars, and also principles of the Ministry of Corporate Affairs (MCA). On delivery of the completed application in e-Form 1A, filled in up by its promoters, the designated Registrar of Companies agrees with the potential of adoption of the provided suggested names, such confirmation remains in force limited to a period of six months. Failure of submitting of the required paperwork from the promoters’ side within this time frame of six month, requires the filing of an additional application along with proposed names, and repayment of the requisite fees.

Composing of the Memorandum (M.O.A) and also Articles of the Association (A.O.A), is the very next action subsequent to obtaining approval of name from the Registrar. These two documents are of the critical significance as these include final goals (as likewise displayed in the e-Form) and valued & ideal principles & polices of the company. It ought to be noted that the primary objects must complement the objects shown in e-Form. The M.O.A and A.O.A need to be drawn up really scrupulously with great attention and concern, after having a comprehensive and elegant counsel of the concerned experts.

Subsequent to finalising the MOA & AOA, the same are required to be filed before the Registrar of Companies together with necessary formation fees along with other papers as well as forms as may be required. Usually, the form 1, form 32, form 18, Power of Attorney etc. are filed together with the MOA & AOA.

The last action prior to the certificate of incorporation is generated is payment of the necessary fees to the Registrar of Companies. The fees depends upon the authorised capital of the company for limited liability companies.

After the censorious observation of the required papers specified in sections 33(1) and 33(2) in the company side, the Registrar registers the memorandum and articles of the association and provides a certificate of incorporation within a duration of seven days of receipt of the paperwork, as per the section 34(1).

After Certificate of Incorporation is received, the procedure for company formation for private limited company is completed. On the other hand, in case of limited company additional 2 steps are needed to be performed as given below.

The first additional step is to create and file prospectus / statement in lieu of prospectus for the purpose of getting certificate of commencement of business.

The ROC after delivery of the Prospectus/ Statement in lieu of prospectus along with required forms, issue Certificate of Commencement of Business for the company.

Getting certificate of commencement of business wraps up the process for company formation for limited company.

For any information / query regarding Company Formation Services feel free to contact us. Contact Us

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Setting up a business in India has been liberalised over the years, still it requires company formation, approvals if required, legal compliances and registration with various authorities. We provide our clients Business Setup Solution based on “turnkey” methodology which takes care of approvals, legal compliances, registrations with authorities etc. to provide a ready to operate business setup in shortest possible time frame.

Setting up a business in India involves various steps, however the process can broadly be classified into three steps:

In today’s liberalised environment setting up a business and making investment in India generally do not require any approval and is covered under the automatic route. However, in case of some industries approval is required for setting up business in India. We provide services for obtaining approvals from Foreign Investment Promotion Board (FIPB) or Reserve Bank of India, as may be required. We also provide services for formulating strategy for mode of business setup i.e. Foreign Branch Setup or Liaison Office setup or Setup of Subsidiary Company as may be suitable.

For setting up business in India through limited liability company involves registration with Registrar of Companies (ROC) under the Companies Act. Formation of company involves various steps like name approval, obtaining DIN & digital signature of directors, preparation of Memorandum of Association etc. Our Business Setup Solution takes care of all the required compliances and procedure for incorporation of company and endeavors to provide our clients ready to operate business setup in shortest time frame under “turnkey” methodology.

The other modes of business setup in India include registration at foreign branch office, foreign liaison office, wholly owned subsidiary etc.

In India a Business Setup to become fully functional require to register with various tax, labour and other authorities. For eg. a manufacturing / trading setup is required to get registered with Sales Tax / VAT Authorities, Income Tax Department etc. Our Business Setup Solution working on “turnkey” methodology, provides services for registration with various authorities immediately after incorporation. This leads to providing our clients ready to operate business setup within the shortest possible time frame.

For any information / query regarding our Business Setup Services feel free to contact us. Contact Us

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Tax Audit is a compulsary audit under the Income Tax Act in India which is conducted if the total turnover of a person exceeds Rs. 15,00,000 for professionals and Rs. 60,00,000 for persons other than professionals. Tax Audit has to be conducted by a Chartered Accountant appointed by the person itself. Tax Audit Report is given by the Chartered Accountant to the person in form 3CD prescribed under the Income Tax Act. At the time of filing of the return of income relevant data from the Tax Audit Report has to be filled in the Return of Income.

Our Audit Department provides tax audit services to our clients upholding the highest standards of auditing and provides a comprehensive tax audit report based on the requirements of the Income Tax Act.

For any information / query regarding Tax Audit Services feel free to contact us. Contact Us

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In simple terms statutory audit in India is equated with Audit under the Companies Act. Every company incorporated under the companies act is required to get its accounts audited by a Chartered Accountant in Practice to ensure true and fair view of the accounts. Further, the auditor has to ensure compliance with various provisions of the Companies Act. Statutory Audit ensures reliability of annual accounts of the company for various consumers of Accounts of the Company like government, shareholders, debtors, creditors, bankers etc.

The complexity of Statutory Audit Function has increased manifolds during recent times. Globalisation, Fast Changing Business and Statutory environment combined with need for synchronisation with various global accounting standards and ever increasing reliance on audited accounts by a variety of interested parties has put ever increasing responsibilities on the shoulders of any statutory auditor.

Our statutory audit team consist of ever improving set of skilled individuals trained extensively for conducting auditing function. Our auditing team is trained and updated on the ever changing compliance requirements to stay ahead of the curve.

Our statutory audit department is geared to conduct audit under any applicable statute along with complying with various global standards to ensure useability of audited accounts for most of the interested parties like financial institutions, shareholders, directors, investors, government, bank and general public at large.

For any information / query regarding Statutory Audit feel free to contact us. Contact Us

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– Wikipedia

Today Internal Audit is not just an audit of Financial working of an organisation. It has evolved to become a tool in the hands of management to ensure proper working of any function of the organisation be it production or sales or finance or human resources.

Over the time the role of Internal Auditor has widened from just ensuring the correctness of financial system of any organisation to include consultative processes like advising on better utilisation of organisations resources, better management of financial as well as non-financial functions etc.

Our Internal Audit Department strives to ensure that Internal Audit is conducted with the highest standards & auditing procedures to ensure total compliance of client’s requirements.

For any information / query regarding Internal Audit feel free to contact us. Contact Us

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Auditing & Assurance Services are at the core of any Financial Management setup. It ensures proper working of the organisation according to laid down internal controls and also the efficiency and effectiveness of the controls itself. At Ahuja & Ahuja, we offer a complete range of Assurance Solutions to help improve your financial efficiency, accuracy and stability.

Our range of Auditing & Assurance Solutions include:-

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