With so much complexities in the taxation system in India, being updated with the latest tax laws is a challenge which is faced by many organisations. Focus on core competencies is a key growth driver for many organisations. As a result, outsourcing of tax related functions enables an organisation to direct its efforts to its core activities & at the same time get benefit of expert knowledge of taxation professionals. Thus, taxation as a practice area assumes significant importance. We offer services related to both Direct Taxes as well as Indirect Taxes. With the roll out of a full-fledged GST (Goods & Services Tax) looking increasingly likely, we, at V.V.Kale & Co., are seeing this as an opportunity & are gearing ourselves to offer all services relating to GST under one roof.
In any consultancy service that we render, the client is the starting point of the service delivery chain. We begin by obtaining a crystal clarity of the exact problem/requirement of our clients. Based on the same, we help our clients to understand the tax implications of various transactions that they propose to enter into & help them structure their transactions so as to reduce the tax consequences while adhering to the legal requirements at the same time. We offer consultancy services related to the following areas:
With the integration of the Indian economy with the global economy, the participation of global MNC’s in India has been on the rise. The tax department has been quick to introduce transfer pricing provisions to check the pricing of transactions between the foreign companies & their counterparts in India. As a legal requirement in India, Transfer Pricing assumes great significance more so considering the level of litigation in this area. We offer the following services in this respect:
There are a lot of tax related returns/forms, which are required to be filed by an entity operating in India, the failure to file which can result in stringent penalties. Among others, we prepare & file the following tax related returns/forms for our clients:
In case of tax litigations, we help our clients to present their case before the tax authorities in an effective manner.
We, at V.V.Kale & Co., have a dedicated Corporate Secretary department for rendering secretarial services. Through our experienced & professional corporate secretaries, we render quality secretarial services. The services rendered by us under this practice area include:
We help companies (especially foreign companies) to set-up their businesses in India. These businesses could be of the following forms
These incorporation services essentially include a whole gamut of secretarial services including but not limited to making application to the relevant authorities to seek approval of name, checking whether the activity for which the business is to be set is allowed in terms of the Foreign Direct Investment Policy of India, preparation & filing of required statutory forms etc. Over the past few years, we have helped more than 100 foreign companies from different countries namely Spain, U.S.A, UK, France, MENA region to set up businesses in India.
As a part of our routine secretarial services, we offer the following services to our clients:
We, at V.V.Kale & Co., perform our audit engagements to the highest quality standards, adhering to the Standards on Auditing
(SA’s) issued by the Institute of Chartered Accountants of India (ICAI) & complying with the relevant ethical requirements w.r.t confidentiality,
technical expertise etc. We render Statutory Audit Services, Tax Audit Services as well as Internal Audit services. We have also successfully carried out
the bank audits of some of the large banks of India.
Our clients, to whom we render auditing services, operate in different industries such as:
Apart from clients engaged in the above industries/sectors, we also render audit services to various trusts & other similar organisations who work for the benefit of the society.
Among others, we render the following value added services:
Just like taxation, accounting is also outsourced by organisations to focus on their core activities. Over the years accounting has evolved from basic book keeping & now includes other activities such as preparation of management required reports. For this purpose, we have a separate accounts department in our firm. We prepare financial reports while adhering to the Indian GAAPs to ensure that the financial reports are legally compliant. The roadmap for implementation of IFRS based Ind-AS (Indian Accounting Standards) has been laid by the Ministry of Corporate Affairs (MCA). We, at V.V.Kale & Co, are gearing to grab this exciting professional opportunity & help organisations to successfully implement Ind-AS.
Several companies in India are required to file their financials with the Registrar of Companies (ROC) in the XBRL format. We help our clients to comply with this requirement.
Valuation is an important area, which requires a high degree of expertise & accuracy to ensure that the correct business decisions are made. We, at V.V.Kale & Co., have valued shares of companies operating in different industries using internationally accepted valuation methodology. We offer valuation services in the following areas: