Compliances

With ever dynamic tax structure and changing compliance requirements, business entities more often than not , fail to juggle with the multifarious formalities under various tax laws – registrations, payment within due dates, timely filings, correspondence and representation to tax authorities, replies to default notices and steps to avoid interest, penalty or other liabilities.  We at Abacus, assure you that we will manage your compliances efficiently and you are relieved to channelize your resources towards your core business activities by rendering cost effective , quality services which has culminated in a trend of client satisfaction.

A glance at the services offered by us:

1. Registrations:

Each client needs are unique and no standard set of laws are universally applicable.  We will understand your business needs and take a proactive stand on the applicability of various laws and proceed to register you accordingly

2. Mandatory formalities after registrations:

Renewal of registrations, revisiting the status of activities which will trigger compliances, filing Nil Returns even if no activity has been undertaken are some areas usually ignored leading to complications in the long run when such defaults are detected by the tax authorities which send notices demanding explanation.

3. Preparation and Filing of Income Tax Returns:

We will lift the burden of annual ITR filings off your shoulders.  In the process, we will analyse and suggest the best options to plan your tax.

4. Income Tax and Wealth Tax Advisory Services:

Round the year association will prove to be fruitful in your tax planning endeavours with correct assessment of income, payment of advance tax in instalments, filing returns within time and availing the carry forward benefit of losses and eliminating unnecessary costs in the nature of interest and penalty for late filings.

Are you wondering how to plan your tax within the acceptable legal framework by availing the various benefits in the nature of deductions, exemptions, planning your capital structure etc.then your search ends here at Abacus.

5. Indirect Taxation:

Service Tax, Value Added Tax(VAT), Excise Duty, Customs Duty, Central Sales Tax, stamp duties are some indirect taxes which are applicable to business entities based on the nature and volume of services.  Many a times, we have noted some clients being served with notices for non- compliance though they are highly law abiding, however ignorance is the culprit and not malafide intent to evade taxes.

6 . Company Law and Compliance Services:

Corporates have the additional responsibility of ensuring necessary filings with Registrar of Companies on a timely basis and we have listed down a few services rendered in this regard:

•  Intimation of changes in composition of Board of Directors, Registered Office
• Filing a copy of Special Resolution to provide validity to the matter transacted at         the Meetings
• Ensuring timely Annual Filings – Balance Sheet, Profit and Loss Account, Annual Returns
• Issue of Compliance Certificate when the Paid up Capital reaches the threshold limit
• Assistance in interpretation of and analyzing the applicability of the provisions of the Companies Act.
• Maintenance of Statutory Registers , Minutes and other  necessary documents as required under Companies Act
• Advice on Dividend declaration, share certificate issue and transfer procedures ,assistance in calling, convening and conducting effective meetings.