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011 – 47022936

info@goldmangroup.in

Corporate Support Services

 

Our corporate support services team is geared to assist our clients in managing their business from incorporation and company secretarial compliance, through to preparation of monthly and year end accounts, annual returns and payroll services. We can assist you in meeting both internal deadlines and statutory deadlines.

Payroll Services

We are a leading service provider for the following Payroll Services:

Payroll Outputs Service

We are counted among the trusted names engaged in offering reliable Payroll Outputs Service to our clients at reasonable prices in the market. These services are provided to the customers on monthly, quarterly or annual basis and are acknowledged for their flexible operations. Besides, these services are rendered by a team of highly qualified financial experts who hold in-depth knowledge about this domain and strive to serve our clients in the most effective manner.

 These services cover the following issues:

• Payments
• Deductions
• Loan balances
• Leave Balances

Statutory Reports needed for compliance with the various regulatory authorities:

• Form 24 (Income Tax)
• Form 12 BA (Perquisites)
• Section 217 (Companies Act – attachment to the directors report)
• PF return
• Professional Tax Return
• Employee Welfare Scheme Reports

 MIS reports include the following:

• Company loan reports
• Department-wise / grade-wise employee cost reports
• Consolidated salary summary
• Pay register
• Net Pay Advice
• Journal voucher for accounting purposes according to the format defined by the company (Cost center / Profit center wise)

We offer reliable Employee Support Services to our clients:

• Employees may be provided with solutions to facilitate viewing and printing of their salary slips and tax computations
• Tax and Payroll queries of the employees are handled through dedicated email supports and telephones in a defined time frame
• Help desks at clients location is also organized at regular intervals to address any tax or payroll related matters
• Annual Tax filing of tax returns facility may also be provided at nominal professional charges

End-to-End Payroll Service

Following are the issues for which we provide solutions:

• Monthly payroll processing
• Provident fund and tax deduction at source – advisory and regulatory support
• Provident fund and tax deduction at source – returns filing, annual assessment, liaison with authorities and others
• Payroll designing, benefits structuring, stock options and perks valuation advisory
• Employee statements, employees tax declarations, computation of tax, TDS certificates and Individual e-Tax Returns

• Expatriate tax compliance

 
Monthly payroll processing includes the following activities:

• Master Data Creation or Updation
• Creation & maintenance of database to capture the data related to masters, rules, wage structures and others
• Provision for investment declaration at start of the year to facilitate tax planning

 
Payroll processing undertaken on a monthly basis includes the following:

• Processing of salary and its credit to employee’s bank account
• Updating of masters and employee data
• Incorporating any wage structure changes
• Reimbursements in the nature of expenses / medical / LTA
• Incorporating any rule changes both internal and regulatory
• Incorporating any tax laws changes
• Ad-hoc payments – bonus, performance awards, ex-Gratia and others
• Exemptions under LTA, medical allowances and conveyance as per rules

 
Arrears computation for the following cases:


• Delayed wage revisions• Retrospective adjustments

Full and final settlement covering:

• Appropriate tax deduction at source
• Adjustment of leaves / loans / other recoveries / notice pays and others
• Payment of gratuity / leaves as per the provisions of law and company policy

Compliances of statutory requirements as per various regulatory authorities covering the following:
• Income Tax compliance – Quarterly TDS e-return filing
• Professional tax compliance• PF compliance – filing of various monthly and annual returns and forms with RPFC
• Compliance with employee welfare scheme such as labor welfare board and others that may be applicable to the establishment
• Planning of loan recoveries and carry forward of any non-recovered amounts to next processing month. the loans can broadly be classified as: company loans (Soft, Home or Personal) and external loans – Home loans etc. from HDFC / ICICI / LIC and PF refundable loans

 

Company Regulatory Compliance Services

These services cover the following:

Tax Deduction at Sources:

• Compliance’s with Indian withholding tax requirements- including monthly compiling of TDS from clients records, timely deposit of taxes, filing of quarterly e-TDS returns and Issuance of Annual certificates to Vendors

Direct Tax:

• Tax deposit management covering Advance tax (Income tax and FBT) calculations and deposit on quarterly basis and deposit of self-assessment tax and tax on regular assessments
• Risk assessment- due diligence of direct tax exposures and reporting thereof for accounting provisions
• Support in US GAAP tax reporting, SOX compliance’s and other client specific reporting

Company Law and Secretarial Compliance’s:

• Company law compliance’s including maintenance of minute books, statutory records, and filing of annual returns and other ROC documents
• Other company law support services

Service tax:

• Service tax compliance’s including registration under the Service Tax, managing monthly/quarterly service tax deposits and filing of half yearly returns

Regulatory Compliance Audits:

• Regulatory compliance’s audits covering payroll, labor matters, direct taxes and others (Designed as per the regulations applicable to each client)

STPI:

• STPI compliance’s including filing of monthly returns, softex forms, amendments in approvals, filing of annual returns and green card renewals and others

Value Added Tax:

• Compliance’s with VAT requirements- including monthly compiling of TDS from clients records, timely deposit of taxes, filing of quarterly e-TDS returns and Issuance of Annual certificates to Vendors

FEMA / RBI Related Services:

• Compliance of the procedure for repatriation of income / assets from India
• Applications to Reserve Bank of India for purchase / sale of shares, debentures & securities, directly and indirectly from Residents/Non Residents in or outside India
• Application to Reserve Bank of India for purchase / sale of residential and commercial properties including renting out of properties
• Any specific advice required in relation to FEMA / RBI matters

 

FEMA Consultancy
Services

These services include setting up subsidiaries of foreign companies in India along with FEMA / RBI compliance for inbound and outbound investments.

This service encompasses the following:

• Collaborations In Outside India
• Drafting subscription & shareholders agreements
• Issue and transfer of shares from Non residents to residents and from residents to Non residents
• Investments outside India (Overseas investments)
• External Commercial Borrowings( ECB)
• Investments By Foreign Enterprises or Foreign Residents in India (FDI)
• Non Resident Indians (NRI) / Persons of Indian origin (PIO)
• FIPB (Foreign Investment Promotion Board)
• Residential status of Individuals
• Estate sector
• RBI Professional services in the field of obtaining permission under various provisions of FEMA
• Filing of Intimations
• Statutory Forms & Returns
• Taxation
• Statutory Compliance
• International Transactions covered under FEMA Double Taxation Agreements (DTA)
• Professional services for obtaining Import – Export Code (IEC) from DGFT

Opening subsidiary companies abroad (outbound investments)

 

Accounting Services

• Handling day-to-day tax matters including replying to various tax notices and providing necessary tax support on regular tax matters
• Tax representations before assessing officers in connection with tax assessments i.e. scrutiny assessments including transfer pricing
• Tax representations before CIT (Appeals) and ITAT and discussions with senior councils for appellate and other important matters
• Compilation of corporate and individual tax returns (income tax and wealth tax) and its e-filing with the revenue department
• Tax compliance including advance income tax calculations and deposits, TDS compliances and filing of various returns
• Management of tax records and reports in soft and hard files including documentation as per SOX
• Tax Audit support services – including compilation of various details for tax audit purposes and providing audit support to auditors.
• Providing necessary information to statutory auditors or management auditors in relation to tax matters.
• Preparation of Contingent liability workings
• Tax reporting on defined frequencies i.e. monthly, quarterly, annually to parent company as per their formats