India Specific Services
Corporate Social Responsibility Audit
A CSR audit assesses an organization’s progress in adopting socially responsible and responsive strategies. The evaluation of a company’s numerous operational codes of conduct, processes, and other elements to assess its impact on society. A review of a company’s social responsibility is an audit that examines factors such as a company’s record of charitable giving, volunteer activity, energy use, transparency, work environment, and employee pay and benefits to determine the company’s social and environmental impact in the communities where it operates.
Income Computation and Disclosure Standard (ICDS)
One of the important revisions to Indian income-tax legislation is the Income Computation and Disclosure Standards (ICDS), which went into effect on April 1, 2015. ICDS are used to calculate income taxable as ‘business income’ or ‘other’ sources income. These rules represent a major change from Indian Accounting rules and may have material tax ramifications for taxpayers. In this respect, we assist taxpayers in assessing ICDS based on the nature of their company and transactions, as well as advising on applicable tax consequences.
Virtual Chief Financial Officer (CFO)
Virtual CFO is an experienced finance professional who assists you in running your finance department through expert guidance and hands-on engagement.
- Monitor compliance with pre-agreed budgets and business plans.
- Review costs/expenses over pre-decided thresholds before payment.
- Supervising the accounting staff and reviewing and presenting MIS to equity investors on a regular basis.
- Assisting with budgeting and forecasting, including sensitivity analysis for various market situations.
- Assisted in the implementation of financial procedures and controls in collaboration with the client team.
- Reviewing direct and indirect tax compliance, company act problems, ROC filings, and so on in collaboration with the business’s tax experts and secretary.
Transfer Pricing
Transfer Pricing legislation was enacted in India in 2001. It addresses tax evasion by establishing standards for calculating income originating from foreign transactions or specified domestic transactions (“SDTs”) using the “arm’s length price”. Our Transfer Pricing services provide effective solutions to organizations that conduct worldwide or specific domestic transactions with their related enterprises or group corporations, which are as follows:
- Transfer Pricing Analysis
- Selecting the proper procedure
- Benchmarking Analysis
- Assistance with the preparation of Transfer Pricing documents.
- Issuing transfer pricing certificates and representing cases before transfer pricing officers/appellate authorities.
