| Agarwal & Italia, is your one-stop-shop for all accounting and business compliance requirements. Beginning from setting up a legal structure allowing you to operate your business, we take full responsibility for your accounting, statutory compliances (including secretarial compliances), treasury and corporate finance functions. Small and medium sized organizations find this service highly valuable, cost effective and efficient as this leaves business owners and managers with what they do best, "concentrate on their business" rather than "worry about accounting, finance and compliances".
All Accounting and compliance service assignments are handled by highly qualified and experienced professional staff under the direct supervision of a Principal or a Senior Manager.
You may choose to receive the following services under a comprehensive accounting, payroll and business compliance services agreement with Agarwal & Italia:
Accounting Support :
Providing support in maintaining a system of computerized Integral accounting, which will include the preparation of necessary financial records and procedures for internal control and report to you on a periodic basis.
Payroll Processing :
Assistance in maintaining all records and completing all formalities relating to payroll on a monthly basis as follows :
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Computation of monthly salary payable per employee |
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Computation of Income Tax, Profession Tax and other statutory withholdings |
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Preparation of individual pay slips |
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Preparation of comprehensive monthly payroll statement |
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Ensuring actual payment of salaries to all the employees through the company's Bankers |
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Preparation of Form No.16 (certificate of deduction of tax at source) in connection with withholding taxes on salary payments |
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Preparation of Form No.24 (quarterly and annual return for tax deducted from salaries) |
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Preparation of monthly returns relating to provident fund |
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Preparation of Salary Certificate |
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The payroll shall be processed on a strictly confidential basis |
Tax Compliance Services
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Compliance of Tax Deduction at Source (TDS) Procedures
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Assistance in remitting the Tax to the government on a monthly basis |
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Preparation of the Tax Certificate to be issued to a payee |
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Preparation and filing of the quarterly and annual TDS returns with the Revenue Authorities |
Other Services :
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Designating a Person of our firm to verify and authorize payments of monthly operating expenses |
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Preparation of Business Plans |
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Assisting you in setting up a local bank account |
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Preparation of monthly financial reports and cash reconciliations in a manner and format mutually agreed |
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Returns / Documents to be filed with the Reserve Bank of India |
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Being with you on a financial advisory role on a continuous basis |
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