Audit & Assurance

Statutory Audit

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 global accounting standards and reliance on audited accounts by multiple users has put ever increasing responsibilities on the shoulders of any statutory auditor. It determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records and financial transactions. Our statutory audit team consist of highly skilled individuals trained extensively for conducting auditing function to overcome such challenges.

Tax Audit

Tax Audit is a compulsory audit under section 44AB of the Income Tax Act in India which is conducted if the total turnover of a person exceeds prescribed threshold. A tax audit is an examination of your tax return by the IRS to verify that your income and deductions are accurate. A tax audit is when the IRS decides to examine your tax return a little more closely and verify that your income and deductions are accurate. 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 is geared up to provide tax audit services to our clients upholding the highest standards of auditing.

Internal Audit

Today Internal Audit is not just an audit of financial working of an organization. It has evolved to become a tool in the hands of management to ensure proper working of any function of the organization be it production or sales or finance or human resources as internal audit is the examination, monitoring and analysis of activities related to a company's operations 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.

Tax Services

Income Tax

Most of the income tax compliances nowadays are required to be completed online and require specialized knowledge and expertise. Arvind Swarup & Co specialize in providing Time-bound and quality Income Tax services to our clients. One of the leading Tax firms in India, we deal in Direct and Indirect Tax related matters in India. Our range of Income Tax services cover all aspects of Indian Income Tax Laws. Our services help our clients to operate efficiently and minimize their tax liability.

We provide the following Income Tax Services:

  • Tax Management Services, advisory services to minimize and manage tax liability under Indian Tax Laws
  • Calculation of Advance Taxes
  • Filing of returns of Income Tax, Wealth Tax, Tax Deducted at Source(TDS)
  • Representation before Tax Authorities for Assessments, Appeals, Search & Seizure Cases
  • Employee Tax Management and Salary Structure Designing Services
  • International Taxation & Transfer Pricing

GST Services

GST (Goods & Service Tax) is a recently introduced concept which merges most indirect taxes under one umbrella tax. The goods and services tax (GST) is a Canadian value-added tax levied on most goods and services sold for domestic consumption. The tax is levied to provide revenue for the federal government. The GST is paid by consumers, but it is levied and remitted to the government by businesses selling the goods and services.. GST is a welcome step towards reducing compliances and for improving ease of doing business. Arvind Swarup & Co provides whole gamut of GST Services for GST Registration, GST Compliance including GST Returns, Representation before GST Authorities, GST Advisory Services etc.

Company Formation Services

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. 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:

Selection of the type of company

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.

Submit an application for the Directors Identification Number (DIN) and Digital Signatures

The planned directors of the company are first and foremost required to get Director Identification Number (DIN). Should they have already been allotted 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.

Deciding on a Suitable Name for the planned 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.

Drafting of Memorandum and Articles of Association

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.

E-filing of numerous documents, stamped and digitally signed with the Registrar of Companies

Subsequent to finalizing 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.

Getting Certificate of Formation

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.