ITDeductions



For more information, You may kindly visit us,
M/s Anbalagan & Muthukumarasamy,
Chartered Accountants,
49/41C, I Floor, I Main Road,
Ramalinga Nagar,
Woraiyur,
Tiruchirapalli 620003.
Phone: +914312775335
Mobile: +919600923301
Email: ca@auditorsindia.com
Alt Email: taxaudit@gmail.com




Our Services are
 

1. Audit and Assurance Services:

The firm has extensive proficiency in various areas of Audit and Assurance Services, which include:
Corporate Audits
Bank Audits - Statutory, Internal, Concurrent Review/ & Stock Audits
Tax Audits u/s 44 AB of the Income Tax
Audits of Trusts, Associations & Sec.25 Companies
Audit under VAT, CST & Sales tax Acts of various states  
Audit of Government Undertakings
Certifications and Collateral Inspections
Business Valuation
Due Diligence Studies
Legal and Corporate Compliance

2. Internal Audit and Management Services:
 
Management Audit & Consultancy
Financial analysis & budgetary reviews.
Identification, evaluation & prioritization of key business & process risks.
Evaluation of internal controls and compliance.
Recommending improvements in internal controls, business processes & financial reporting.
Review for compliance with corporate policies, statutory & regulatory environment.
Review of IT systems.
Review of effectiveness of managerial supervision.  
Review & setup of financial controls /procedures.
Study of systems & suggesting cost control measures.
Legal & commercial due diligences.

3. Corporate Advisory Services:

The firm offers corporate advisory services in the following areas:
Company Incorporation and Start Up Services
Setting up of Accounting, Finance and Control Functions
Preparation & establishing of accounting manuals.
Corporate Law Compliance Services and Advisory
Corporate Taxation
Capital Structuring and Corporate Law Advisory
Mergers, Acquisitions and Take over Consultancy
Investment and Forex Advisory

4. Trust and Society Advisory Services:

The firm offers advisory services in the following areas:
Trust and Society Incorporation and Start Up Services
Setting up of Accounting, Finance and Control Functions
Legal Compliance Services and Advisory
Taxation
Mergers, winding ups and Take over Consultancy
Investment Advisory

5. Company Law Matters

Formation of companies ( regular as well as non profit ).
Liaison & Obtaining Approvals.
Drafting of petitions & appearance before Company Law Board.
Consultation in the Maintenance of Statutory records.
Any other work related to Registrar of companies.

6. Project Advisory Services:

The success of every project underlies technical and financial planning and structuring. Post-Implementation monitoring also plays a vital part in keeping the project on its expected performance. The firm provides advisory services for projects in the following areas:
Project Financial Structuring
Product and Process Costing and Product Pricing
Project Planning and Report Preparation
Project Budgeting and Performance Monitoring
Compliance Audit

7. Tax Advisory and compliance Services:

Direct Taxes for Corporates
Income tax law in India requires corporates having a gross turnover of 40 lakhs or more to maintain books of accounts as per Sec 44AA and have their accounts audited under Sec 44 AB. Our Firm provides solutions on availing possible tax benefits and tax shelters as per the provisions of the Income Tax Act. The various services covered by our corporate tax team, includes:

 
Tax audits U/s.44AB
Compliance with E-TDS requirements.
Compliance of Fringe Benefit Tax (FBT)
Handling of Assessments  
Handling of Appeals  

Direct Taxes for Individuals and Firms

Income tax law in India requires assessees having a gross turnover of 40 lakhs or more to maintain books of accounts as per Sec 44AA and have their accounts audited under Sec 44 AB. Our Firm also provides solutions on availing possible tax benefits and tax shelters as per the provisions of the Income Tax Act. The various services covered by us, includes :

Formation & Registration of Firms
Tax audits U/s.44AB
Tax compliance of Tax Deducted At source
Tax compliance of Fringe Benefit Tax
Handling of Assessments  
Handling of Appeals  
 
8. Indirect Taxes

India has an unique system of Indirect taxes applying across various industries. Indirect taxes such as Excise duty for concerns involved in the manufacture of goods, Customs duty on import of Capital goods or other merchandise, VAT on sale of goods and service tax on select services. Many of the provisions of these regulations requir technical expertise on practical applications.

Our clients are supported right from the initial identification of the applicability of these laws and their implementation. The services offered by us includes:
 
Registration and filing of returns under:  
Central Excise Act    
Sales tax Act (VAT & CST)    
Service tax Act      

9. Information Systems Solutions, Development and Testing:

Most projects for computerization and automation of business process fall short of expectations with the systems falling short of the business requirements. The success of a computerization effort involves a clear understanding of intended business objectives, Software application design, testing, implementation and training of users. The firm offers solutions in the following areas:
IT Solutions for business - Software Application, Intranets and Extranets
Information Systems Study
Software Design and Development
Software Testing

10. Business Process Outsourcing:

Out-sourcing of Back-Office and Control Functions to an external professional agency not only reduces the undue concentration of efforts and cost but is more effectively and efficiently achieved. More importantly, this helps the organisation to focus on core-competence and achieve greater value addition. Some out-sourced services undertaken by the firm include:
Financial Accounting and MIS Reporting
Statutory Compliance Services
Payroll Processing, Disbursement and Management
Payables/Disbursement/Receivables Account Management
Tax Counselling and Compliance