Prakash K Prakash Connaught Place, Delhi

Taxation being a highly focused area requires expertise relating to tax planning, documentation and representations. Indian Taxation environment is ever changing in today̢۪s dynamic business world. We bring to you the following tax consultants services for Resident Indians : To obtain Permanent Account Number (PAN) and TAN number online.Tax AuditFilling of Income return for all streams of Assesses.Specific advice on taxation.To follow up income tax refunds.Rectification & revision of income tax orders.Representation before Income Tax Authority for Scrutiny Cases.To get the clearance certificate for going abroad.Quarterly return for TDS/TCS in electronic form.Consultancy in TDS mattersNo TDS/ TCS Certificate.Certificate for claiming Export exemption.Registration of trust for charitable purposes.Advance tax computation.Obtaining advance Ruling.Tax planning.Other Compliances as per Income Tax Act Prakash K Prakash is glad to offer you tax consultant services for Non-Resident Indians (NRI). The Non Resident Indians (NRIs) need information and supervision in relation to legalities and procedures as to the assets in possession in India and taxation of income and profit/gains on sale of assets. This is specifically related to following : Regulations as to operating bank accounts, repatriation of Income earned in India and special RBI schemes for returning NRIs.Regulations as to investments in shares and debentures, mutual funds government securities and bank deposits and its taxations.Methods to for purchase and sale of immovable properties in India and renting them out.Procedure to file return of income and obtain tax exemption certificate and Permanent Account Number.Replies to any queries on Indian Taxation, Foreign Exchange Management Act (FEMA) and Reserve bank of India procedures and approvals.Certification for repatriation.

We at Prakash K prakash take great pride in introducing ourselves as the world leading Service provider and have gathered a high specialization in the field of Trademark registration In India. We have employed a team of highly qualified and experienced professionals, who are proficient in solving all types of issues related to Trademark registration. Benefits of having a registered Trademark Productive notice nationwide of the trademark owner's claim.More indication of the possession of the trademark.Dominion of federal courts may be appealed.Record-keeping can be used as a basis for procuring registration in other countries. Different types of trademarks that can be adopted Any name which includes personal or last name of the applicant or any predecessor in business or the signature of the personAny invented word or any random dictionary word but should not directly describe the character or quality of the goods/serviceLetters or numerals or any combinationDevices, including fancy devices or symbolsMonogramsPermutation of colors or even a single color in permutation with a word or deviceContour of goods or their packagingSound marks when epitomized in conformist code or described in words by being graphically represented.

When it comes to issuance of Certificates for various purposes, we ensure this important service to be done following various applicable rules and regulations. We provide a very precise and the most important service of Certification for our clients. There are number of privileges one can enjoy after getting Certification for his/her Organization. The Certificates are being needed by various business houses depending upon their constitution. There are various types of Certificates required to carry out business activity in India, we offer lawful Service of Certification for getting these Certificates for your company. Following Types Of Certificates Are Required For Carrying Business Activities : Certificates on the basis of statutory records being maintained under Indian Companies Act, 1956 and other applicable lawsCertification of statutory liabilitiesCertification of Fare Values of Shares of Company for the purpose of merger / de-merger, Buy Back , Allotment of further shares and transfer of shares from resident to nonresident.Certificates on the basis of financial books of accounts and annual financial statements.Certificates for foreign remittance to be made by resident in India to foreign entity outside India u/s 195 of the Income Tax Act,1961Net worth Certificates required for the purpose of Bank finances, furnishing of Bank guarantee and issuance of Visa by Embassy.Certification of arms length price u/ 92 of the income Tax Act, 1961.Utilization certificates of various grants being released by Govt. of India to NGO̢۪s, Statutory Bodies, Autonomous Bodies and charitable organizations.Certificates for claiming various deductions & exemption under various rules & regulation

At Prakash k Prakash, the audit is employed as an effective management tool. Our process of appropriately planning an audit empowers us with the opportunity to focus our time and efforts to the important areas of accounts and control. This approach enables us to keep our time cost to a minimum and also ensures the accuracy of the audit by gaining a complete understanding of the client’s business, accounting system and internal controls. Over the years we have gained extensive expertise in carrying out the internal management of small to big sized business entities. The various types of Auditing Services rendered by us Statutory Audits - We carry out Statutory Audits of Public/Private Limited Companies in the Manufacturing/ Trading/ Service Sectors, IT Companies, Nationalized Banks, Financial Institutions, Non-Banking Finance Companies, Public Sector Undertaking (PSU), Charitable Institutions, NGO,  Hotels, Hospitals, Cooperative Societies and other small and medium sized enterprises.Tax Audits - We provide a team of mature tax experts to conduct audits of every business Company, Firm or Enterprises whose turnover exceeds Rs.40 Lakhs or total receipts from any profession exceeds Rs.10 Lakhs in any previous year. These organizations are required to get their accounts accurately & punctually audited and thereby obtain a report under the section 44AB of the Income Tax Act.Internal & Management Audit - The crucial point is to maintain strong internal & managerial control systems to minimize the risk of accidental or deliberate errors and omissions. Besides these, safeguarding of valuable assets, sufficient division of authority over key control areas and stringent compliance with the internal operating policies and corporate governance are some other areas being taken care of by us.Information System Audit (IS Audit) - IS Audit appraises the appropriateness of internal controls with regard to specific computer programs and the data processing environment as a whole. Our team consisting of experienced computer professionals and qualified system Auditors (DISA) take into account whether computer systems safeguard assets, maintain data integrity and allow the goals of an organization to be achieved effectively and efficiently.

We are glad to offer you excellent Accounts Outsourcing services by which financial information about a business is summarized, interpreted, noted, classified, and communicated. We deliver finance and accounting outsourcing solutions to business entities interested in increasing their operating efficiency and effectiveness. Our scheme of accounts outsourcing services includes the writing up of accounts and the preparation of financial statements ranging from perhaps simple Book keeping to complex financial analysis. Some of the accounting services being outsourced are : General Accounting and Bookkeeping Services The service comprises of preparing and maintaining day-to-day bookkeeping and monthly or quarterly management accounts. We offer weekly, Bi-weekly, monthly or yearly Accounting and bookkeeping including reporting services. These books are prepared as per the US GAAP or Indian accounting standards and can also be prepared as per specific client instructions. Our Services covers all aspects of accounting and bookkeeping, including : - Entry of transactionsJournal EntryGeneral LedgerAssets /Equipment LedgersExpenses LedgerAccounts ReceivablesAccounts PayablesAgeing Report & SummariesBank ReconciliationFinancial Statements PreparationTrial BalanceIncome Statement (Profit & Loss)Balance-sheetCash Flow StatementPreparation of Annual Financial statements Financial Services We are instrumental in offering financial services which includes "Financial Projections," Forecasting and Analysis for your existing business or for new start ups to help you with your Project reports, Funding applications and loan applications from various funding Agencies. For creating these projections, you just need to fill up basic data requirements as per our template and in turn we will provide you comprehensive financial projections upto 10 years. Some of Reports of the Projections are as follows : Cash flow StatementCost of Project and Means of FinanceAssessment of Working Capital requirementsProjected Profitability statementsProjected Balance-sheetCapacity utilization StatementRaw Material and Packing materials Consumption StatementPower and Fuel Cost StatementEmployees Costs StatementAdministrative Cost StatementSelling and Distribution Cost StatementFinancial Charges statementRepayment Schedule for Financial FacilitiesRatio AnalysisBreak-even AnalysisInternals Rate ReturnPack back Period In case of the existing businesses we can provide comparative statements of the last 3 years financial results with the projected statements for the subsequent two years to facilitate roll over/ enhancement of the continuing financial facilities as per the client needs. Some of the Reports would be as under; Comparative analysis of Balance SheetComparative statement of Sources and Uses of FundsComparative Cost & Profitability StatementComparative Capacity utilization statementAssessment of net working capital employedRatio analysis. Payroll Services We offer to take care of your Payroll needs, providing you with instant cost reductions of upto 40-50%, and minimizing your risk of penalties. This procedure saves a lot of time to focus on your core business more efficiently. We can reduce your numerous tedious work such as  keeping track of Time cards/sheets, leave forms, attendance records, deadlines, reports, Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustment, Prepares timely and accurate notifications of tax liabilities and deposits, Complete Year end Salary Certificates , Respond to requests for employee verifications, Prepare, file, and pay all Federal, State, and local payroll taxes, Reconcile health insurance payments and make payroll deductions when required etc. This process of outsourcing your repetitive works can ensure cost savings, from hiring, training and managing the in-house staff, and also enables you to focus on your core business besides always having your employees satisfied with timely and accurate payments. We are also glad to offer you customized payroll processing solutions to fit your requirements. Benefits of Outsourcing Payroll Services to Accounts Next Cost benefit to the tune of 40-50%.Reprieve from repetitive, tiresome administrative workTimely and Accurate PaymentsNo risk of penalties or fines on accounts of mistakes or delaysNo Staffing requirements, no hiring, recruiting or training needed.More time to focus on core competenciesPayroll taken care by experts.Quick Turnaround. The following Services are Offered in Payroll Outsourcing :- Preparation of employment contractsWithholding tax compliances by the employerFringe Benefit Tax (FBT) compliancesEmployee Compensation StructuringProvident Fund, ESI and Gratuity related legal compliancesPreparation of Compensation and Benefits ManualAdvisory Services in regards with the payroll Tax planning & Returns This service encompasses assisting the clients make essential periodic income tax, sales tax and other returns. It also takes in advising the client to make sound investment decisions and help him avail various rebates and deductions. Creditor Payment The service comprises of paying off the creditors at a chosen time and leaving the ultimate control with the management. Debt Collection The service involves assisting the client with the recovery of debts and also taking necessary legal action in case of defaulters. Cash Handling and Banking Operations We at Prakash K Prakash believe in assisting our client with treasury functions including the operation and monitoring of high interest deposit and current accounts. Online Accounting Flowchart Receiving client data through scanned images via Internet through a secure FTP account / getting access to the client server by remote desktop connectionEvaluation of the client information and understanding his requirements.Remote desktop connection is used to entry the data in the client's computer. Besides this the accountants can do the work on their computers and then the files can be transmitted using secured e- fileshare system.The output is reviewed by accountant for QC.Our accountants deliver daily progress report informing the client about the status of the job, if the work is done on the client's server using UPN. But in case the work is done on local machines, the work is uploaded and a report of the same id sent to client using a secure FTP account.Clients are kept abreast of the work progress through continuous written reports and the accountants have constant communication with the client via e-mail, chat, VOIP, telephone video conferencing. Prakash K Prakash provides the best in outsource accounting services and this can be found reflected in the following facilities which are on offer - Cash flow analysisFinancial reporting analysisMonthly, quarterly, and yearly reportingHigh QualityAvoiding capital expensesConcentrate on other business prioritiesUndertake projects - full-time or part-time, ongoing or temporary,Quick Turnaround Time

We offer highly reliable Company Law Services. We have team of efficient and competent Chartered Accountants & Company Secretary, well versed with the Companies Act, 1956. We offer assistance tor register a new company with the competent authority in India. Besides this other statutory requirements such as debt and equity issues, taxation issues, complying with all statutory requirements, filing relevant applications, expediting clearances from various authorities, expediting registration etc are also fulfilled by us. Prakash K Prakash is instrumental in rendering the following services in respect of companies : Obtaining DIN and Digital Signature of the Directors / Company secretary of the Company.Incorporation of Private / Public company including under Section 25 (non-profit making company)Statutory meeting and statutory report.Appointment of directors and their remuneration.Incorporation of Limited Liability Partnership company & conversion of partnership firm / existing Private limited / closely held limited company into LLP.Amalgamation, merger, reconstruction of companiesChange of name, shifting of registered office from one place to another, change in objects, increase in authorised capital, allotment of sharesBuy back/Further Issue of shares.Allotment of shares at par/premium to Non-resident.Charge registration, charge modificationSearch of public documents filed with Registrar of CompaniesRoutine document preparation and filing of forms with the Registrar of CompaniesPreparation of Directors̢۪ Report, Notice of meetings, preparation and maintenance of minutesPreparation of annual return and uploading of the sameIssues pertaining to management of company, directors, shareholding patternConsultancy on any issue related to the Companies Act, 1956Preparation of Statutory records & registers

Prakash K Prakash delivers expert services in the fields of VAT/Sales Tax and Service Tax. Our Indirect Tax department is headed by professionals equipped with domain experience in these areas. Details of Indirect Tax Services provided by us are given below. The tax consultant services for Resident Indians – SERVICE TAX are as follows : Providing consultancy on Service Tax matter & levy of service Tax.Registration of Enterprise under service Tax rules and obtaining certificate of that.Modification in existing service tax registration certificate.Calculation of Taxable Turnover & Tax thereon on monthly/ quarterly / half yearly basis.Deposition of Service Tax with appropriate Govt. Department on timely basis.Filing of Service Tax return on timely basis with Govt. Department.Drafting appeals & submissions.Appearances & arguments before adjudication & appellate authorities.Any other matter incidental thereto. The following are the tax consultant services for Resident Indians – sales tax : Providing consultancy on Sales Tax matter & levy of Sales Tax/ VAT.Registration of Enterprise under Central Sales Tax Act & Delhi Vat Act and obtaining certificate of that.Modification in existing Sales tax registration certificate.Any other matter incidental thereto.Calculation of Taxable turnover & Tax thereon on monthly/ quarterly / half yearly basis.Deposition of Sales Tax / VAT with appropriate Govt. Department on timely basis.Filing of Sales Tax/ VAT return on timely basis with Govt. Department.Issuance of necessary forms from time to time.Filing of Other documents/ Misc forms with the Govt Department on time to time basis.Drafting appeals & submissions.Appearances & arguments before adjudication & appellate authorities.

Basically SEZ services have been initiated for competitive environment of exports. Through our SEZ services we aim at facilitating our clients by making there good and services free of taxes and duties. We are backed by cohesive infrastructure for export production, prompt and single window mechanism along with the incentives to entice foreign and domestic investments endorsing exported growth. The objectives of our SEZ Services are as follows : Generation of supplementary economic activityElevation of exports of goods and servicesPromotion of speculation from domestic and foreign sourcesCreation of employmentDevelopment of infrastructure servicesSingle window clearance for setting up of a SEZ and a unit in SEZ

We offer STPI services at affordable prices which suits the requirements and expectations of our clients completely. We have a team of highly skilled and experienced professionals who will you provide you with high quality STPI registration services and query resolution services. Following are some of the benefits of STPI services Foreign equity is allowed up to 100%Single-window clearance approval scheme.Import of software and hardware goods for the business is allowed completely duty-free.Provision for import of second-hand capital goods.Provision to re-export the capital goods.

We proudly acclaim ourselves as the world renowned service provider for NRI. We provide multitude of services to our diverse clients. Nonresident Indians comprise a considerable lot of our client base. Our NRI profile includes : Nonresident Indians who have/ anticipate to invest in IndiaNonresident Indians who receive possessions in IndiaNonresident Indians/ Non-residents who have / anticipate to set up a business in IndiaRecurring NRIEmigrating Indian/ New NRI Our services to NRI Conveniences for returning IndiansMany investment schemes for NRITax benefits for NRIs.Settlements to IndiaNRI home Loans.

Today, we have carved a niche as the consistent FEMA service provider based in India. We offer Foreign Exchange Management Act services that include the intact gamut of foreign exchange law. Following work is done by our team of professionals Agreement of the procedure including CA certificate for deportation of income/ assets from India.Making applications to RBI for purchase/ sale of shares, debentures and securities on behalf of residents & nonresidents in India and outside India.Making applications to RBI for purchase/ sale/ renting of residential and commercial properties.Any other detailed information essential in relation to FEMA/ RBI matters.

We provide our clients with Due Diligence Services that are rendered with the support of our financial advisors and investment bankers. Our proficiency in the field empowers us efficiently valuating the total company wealth, and the valuation of the possible investment. Our services are based on classifying & dealing with transaction issues, and identifying the possible risk & conciliation issues. Following are the areas covered by our Due Diligence services : We scrutinize financial and commercial information, and formulate an valuation at an early stage of a disposal or a planned divestmentWe widely collect, investigate and construe different commercial, financial and tax informationWe accumulate and review the financial information that is to be provided to the buyersWe demeanor distinctive purpose accounts auditWe interact with the buyers and their accounting consultants about different accounting problems and challenge the due diligence findings of the buyerWe also recognize agreement warranties Investigations made during Due Diligence Compatibility reviewFinancial reviewMacro-environmental reviewLegal - environmental reviewMarketing reviewProduction reviewOrganization reviewSettlement review

We render the perfect and appropriate Financial Advices to our clients. Our expert team of Financial Advisor Helps clients in their finance related queries and also advise them on the execution. Our Financial Advisory includes : Advisory and supportAdvisory and implementationRaising capital- debt and equityInvestigationsProviding advice on business modeling and infrastructureConducting surveys

We are the leading service provider for TIN-Facticilation and Pan Tan services. Our expert team aims at providing you the best service related to your TIN-Facticilation and Pan Tan. We are considered to be the best service provider across the country. Why to go for Our TIN-Facticilation Services ? We provide details of tax abstracted on behalf of the taxpayer by deductorsWe provide details of tax collected on behalf of the taxpayer by collectorsWe provide details for Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders) Our Tin Facticilations offers following services : Approval of electronic and physical TDS/TCS ReturnsHanding new PAN and PAN change appeal applicationsDealing with new TAN and TAN change request applicationsGrounding & Acceptance of AIRRegistration by a PAN holder for inspecting its annual tax statementQuarterly Statement Status - Deductors can access particulars of their statements including financial details through the TIN-FC who has uploaded their statements