As India moves towards rationalising its tax rates, improving tax payer services and creating transparent flow of tax information, effective tax planning and compliance must top the chart of priorities for any and every business and non-business entity. We consider it our responsibility to guide our client partners in providing accurate and timely tax information, in settling their tax dues by prescribed due dates and taking pro-active measures to avoid unwanted tax leakages. With this rationale in mind, we provide the following services:

• Tax computation and Return Filing
• TDS management and compliances
• Tax audits
• Tax consultancy
• Non-Resident Indian (NRI) taxation in India
• Electronic Payment of Taxes
• Tax Scrutiny Assessments and controversy management
• Appeals
• Search and Seizure related representation and consultancy

Role of the management in financial management and in preparation of financial statements is not substituted but supplemented by an audit. In today's digitised world, audits are more about verifying the veracity of the risk management aspects and less about arithmetical accuracy, since the latter is now the job of a software. Businesses face risk in the area of tax, personnel management, data security, physical management of cash and cash equivalents, etc. We conduct audits and assurance services within the scope defined by the statute under which an audit is conducted and/or as defined by the management of the business. We provide the following services in this area:

• Audits under Companies Act
• Audits under the Limited Liability Partnership Act
• Audits under Direct Tax Laws
• Audits under Indirect Tax Laws
  
• Audit under Co-Operative Societies related laws
• Audit for the purpose of RBI Regulations
• Audit for the purpose of SEBI Regulations and Guidelines
• Internal auditing services

Introduction of GST in July 2017 has ushered in a new era in India’s Indirect Tax rationalization journey. The One Nation One Tax concept has radically altered the Indirect Tax regime. Furthermore, increasing number of Government Schemes and Incentives are being integrated with GST compliance of a tax payer. Given this, compliance under GST is the single most important priority of any organization going forward. AKSCO has successfully created a niche for itself under the new tax regime and is able to offer the following services:

• GST registration and related amendment services
• GST compliance and return filing (monthly, quarterly, annual)
• Consultancy in relation to GST input tax credit (availment, mismatch and reversals)
• Consultancy services in relation to financial accounting under GST including restructuring accounting practices to make them compliant under GST
• GST audit
• GST impact study for an organization
• Transaction advisory under GST
• Refund applications and related services under GST
• GST controversy management and litigation

We believe that quality book keeping/financial accounting is the first step towards prudent financial management. Ultimately, all economic efforts translate into numbers and these numbers when properly defined and classified, provide a clear picture of the state of affairs and the financial health of the business, venture, employment, etc. With this rationale in mind, we emphasise the need for quality financial accounting. In our endeavour to promote this rationale, we ourselves provide financial accounting services and try our very best at making the books of accounts a rich source of information for financial planning, self-consistent regulatory compliances and decision making.

VAT, CST and Service Tax laws have limited application after the introduction of GST in July 2017. AKSCO’s expertise developed over the years due to its indirect tax practise puts AKSCO in a unique position to assist its client partners transition out of these laws. We provide the following services in the area of VAT, CST and Service Tax:

• Investigation related representation and consultancy
• Tax Assessments and related compliances
• Appeals
• Computation and Return Filing
• Audits
• Consultancy Services
• Refund Processing
• Electronic payment of taxes

Role of a Chartered Accountant has always been multi dimensional. The exposure and in-depth understanding, that we have gathered, of the client's own business and other businesses, are our key information repositories for providing various value added services to new and existing client partners. We believe post mortems can often be futile as much as there are lessons to be learnt from the exercise. It is our belief that transactions need to be well thought out as regards their potential risks and rewards prior to inking important deals and commitments. It is equally important to understand that it is quality process management, clear lines of authority and the like that will help businesses go that extra mile to realise their real potentials. With these aspects in mind, we can provide the following services in this area of practice:

• Transaction Management and Structuring services with emphasis on tax impacts
• Organisational management and structuring
• Registration of NBFCs
• Registration of Stock Broking Companies
• Overseas and domestic entity structuring with emphasis on Overseas Direct Investments (ODI) and Inward Domestic Investments (IDI)
• Incorporation of Companies and LLPs
• ROC related compliances
• FCRA Registrations and Approvals

• Overseas P to P co-operation and laisioning
• Overseas Direct Investment processing (ODI) and certification
• Overseas Entity Annual Performance Reporting

Environment around any business, employment or investment activity are far from stable. They are quite dynamic. Tax environments are the breeding grounds of potential risks with changing governmental policies and approaches. One needs to have a more pragmatic approach rather than a dogmatic approach to managing and mitigating these risks. With this aspect in mind, we provide a periodical review of all potential and existing tax risks faced or likely to be faced, suggest mitigants, monitor execution of action plans in this area and make every effort to provided a water tight tax policy. In our understanding every growing business or investment must carry out one such review once in every 2 years.

As families grow, the internal arrangements, roles and responsibilities as regards family investments and businesses are often misconstrued and mis-understood. With the patronage that the firm has enjoyed so far, it has often been entrusted with the aspect of providing an approach to internal family understandings whether they be as regards the businesses or its investments. Alongwith providing an approach we also draft memorandums for future reviews and deliberations.