Dear __________,


In this regard, please find below the detailed Scope of Work, proposed fees and other details for FY 2016-17:


(1) Maintenance of books of accounts- As per the law, every business entity needs to prepare and maintain proper books of accounts, incorporating all expenses and revenue generated for each Financial year (April to March) and accounting for assets and liabilities. In this, we would provide the following:

  • Punching of data in recognized accounting software (Tally ERP 9)
  • Profit and loss statements - Reporting
  • Balance Sheet - Reporting
  • Trial Balance - Reporting
  • Sales, Purchases, Debtors & Creditors - Reporting
  • Finalization of Accounts in discussion with you.

(2) Audit Compliances - We would be assisting in audit compliances for statutory audit under Companies Act, 2013 wherein we shall carry out the entire auditing procedures which shall be duly certified by a Chartered Accountant which shall serve the purpose of Certification.


(3) ROC Compliances - This includes filing of necessary forms by a company on annual basis with MCA, as mandated by Companies Act, 2013 which necessarily includes

  • Engagement Letter of Auditors
  • Form ADT 1
  • Form AOC 4
  • Form MGT 7

(4) Filing of return of income and other related taxation services - This would include the following:

  • Preparation and filing of the Income Tax Return for the Financials year ended March 31, 2015;
  • Advice on the carry forward and set off of losses, if any, in subsequent years;
  • Deriving Form 26AS (TDS Statement) from Income Tax website;
  • Registering your company with the Income Tax Department;
  • Claiming refunds, TDS credit receivable from IT Department;

 

(5) Secretarial Drafting: This would capture all the necessary drafting to be undertaken throughout the year, such as:

  • Board Resolutions (minimum 4 in one FY),
  • Annual General Meetings Resolutions (minimum 1 in one FY),
  • Board minutes,
  • Annual General Meetings minutes,
  • Director's report, director's responsibility statement, statement of depreciation schedule, fixed assets, etc.

Our Fees:

Our professional fees for the services would be Rs. _____. Service Tax @ 14 percent will be applicable on the above professional fees. Apart from the above fees, Govt. fees for ROC filing would be based on actual cost to be incurred. 

Please note that TDS, Service Tax, Professional Tax, VAT/CST, EPF and ESI compliances are not covered in this engagement, since these are real time compliances. To cater to these compliances, we have a retainership model where we take care of these compliances throughout the financial year on a monthly basis. Upon opting for the retainership model, this standard package shall no longer remain applicable and a tailor made package which meets your specific requirements shall be floated.

Payment Terms - At the start of assignment

Please note that we shall provide all the Government challans as a measure of transparency.

We have listed the documents required to kick-start the work for FY 14-15 - (Mail us the scanned copies at info@taxmantra.com)

  • Bank Statements of Company
  • Details of expenses or incomes in cash
  • Details of fixed assets, Investments, loans given/taken. (if any)
  • Details of invoices, bills and challans raised by company on third parties / vendors
  • Details of invoices, bills and challans raised on company by third parties / vendors
  • Any expense on behalf of company made by any director out of cash / bank (provide personal bank accounts of directors)
  • Details of pre-incorporation expenses (ROC fees, consultant fees)
  • PAN Card of Company.
  • Certificate of Incorporation.
  • PAN and Passport/Voter Card/Driving License of all Directors
  • JPEG Photos of Directors (passport sized)
  • MOA and AOA.