Services

The firm has vast & varied experience in conducting all types of Audits for large & medium sized business entities including Audit of Public Sector Undertakings. We are Auditors of a cross - section of traders and industrialist of all size and nature. We execute audit work of our clients strictly in accordance with audit norms and extend our full co-operation while auditing the accounts of an organization. We study clients working systems, nature and volume of business and make valuable suggestions to promote efficiency and to achieve better results. For taxes, we simplify the task with our experience & expertise. We make it a point to complete the audit work in the least possible time with the least botheration to our patrons. It is our endeavor to see that our client is benefited from our services in the true sense.

The various types of audits conducted by the firm are :

• Statutory Corporate Audit prescribe under various law
• Internal Audit & Management Audit
• Concurrent Audit
• System Audit
• Tax Audit under Income Tax law
• Regular Audit
• Special Investigation Audit
• Bank Audit

In addition to these we conduct Audits for corporate, firms, trusts, banks, public sector organizations and other entities. Further other services which include statutory audits under the Income Tax Act, 1961 (Tax Audits) etc. and Statutory/non-statutory certification, attestations, investigation attestations, investigation services under various laws, etc.

We provide biannual or annual Retainership services to our clients for various advisory or secretarial services. We hold expertise in offer Business Retainership services for maintaining secretarial records and statutory registers under the company act 1956. Apart from this, we offer services for preparation and filing of Income Tax Returns, Sales Tax, VAT returns, Accounting, MIS reporting, TDS Management and more legal tasks that are done for reputed clients in the market.

As the auditors of several companies, we are in a unique position to provide clients with constructive ideas and insights. Despite our close working relationship over the years, we are, in fact, outsiders to the clients' organization and can therefore be objective in presenting our observations and suggestions. These business advisory services are aimed at having a creative exchange of ideas, one which will result in meaningful actions to enhance the Company's growth and profitability, to benefit and strengthen the Organization, while enhancing the depth and value of the professional relationship mutually, for the client and the Firm.

This service requires a wide array of knowledge and experience in various disciplines is our specialty as we understand the need of our clients through our experience and expertise in providing the service.

The Tax Consultancy Division comprises of Partners, Directors, Senior Managers, Associates and other qualified and experienced personnel. The services offered in Tax Consultancy include -

• Corporate Taxation Advisory Services: Advising large Companies / Corporations on their income tax matters, including foreign taxation matters to Indian corporations.
• Tax Management Services: Attending to the matters of tax laws compliance.
• Tax Planning: Advising clients on structuring tax-efficient business planning, including restructuring of business e.g. amalgamations/ merger etc.
• Services relating to Foreign Collaboration Agreements, NRIs taxation, Double Tax Avoidance Agreements Reliefs etc.

With the ever-growing importance of India in international trade, infrastructure investments, technical collaborations, joint ventures, M&A, private equity investments and portfolio investments, the need for structured and researched international tax advice on transactions is very important.

We work closely with many Indian companies on their international joint ventures and agreements to determine the most tax efficient way to structure the agreements and the transactions bearing in mind the business needs of the clients. We also work extensively with foreign companies planning to setup operations in India or provide technical service to Indian companies.

We understand that various sectors such as infrastructure and other sectors that involve acquiring technical knowledge and collaboration from foreign experts need special care while drafting agreements and planning the business operation.

ISK & Associates helps high net worth individuals, companies and professionals by offering comprehensive advice, consulting and compliance services in international tax planning together with administrative services, advising on entry strategies, compliance with Indian transfer pricing norms, certification work, etc.

Due to the differing nature of tax treaties between different countries, it is possible that acquiring know-how, rented equipment, etc. from one country may be more tax efficient than from another country. This analysis may help in negotiating with bidders and also possibly restructuring the mode of the transaction to be more tax efficient.

With the entry of MNC's and globalization of Indian economy, restructuring of organizations through Mergers and Joint Ventures are the strategies for survival. To seek and identify a sound business partner, suggest economically viable projects and arrange technical and financial collaborations are our core competency. We arrange for technical and financial collaboration, assist in the preparation of necessary project documentation and get statutory approval required for the project.

All businesses involved in an acquisition, as buyers or sellers, need to ensure that the financial information they hold is as accurate as possible, not only to prevent paying too much but also to ensure that their governance and risk management objectives are met.

• From the buyer’s perspective the quality of information available about a potential acquisition determines the ultimate success of a transaction. Without ensuring that the financial statements about a business reflect the reality, a deal may deliver less than first impressions suggest.
• To ensure an efficient sales process, vendors need to present their financial information to potential buyers as transparently as possible. An independent assessment provides potential buyers with certainty about the business and the nature of its cash flow.
• Financial due-diligence can help to identify and focus attention on the factors in the business that will be critical to its future success.

ISK & Associates carries out Due Diligence for business in the transaction for confidence of parties involved and to ensure successful completion of the transaction.

Company Law related statutory compliances like maintenance of Statutory Registers namely Fixed Assets Register, Shareholders’ Register, Minutes Books for Board Meetings and Annual General Meetings. Also Share Certificate Book and Common Seal of the Company, filing of Allotment Returns, Annual Returns and Audited Accounts with Registrar of Companies, as well as any other routine filings which may be required for compliance of Registrar of Companies formalities.