The Challenge

    Without knowledge of local GAAP, Local Laws, Regulations and a Well-established local team; Bookkeeping, Preparing Financial Statements , Tax return, Company Compliances, Labor Law Compliances suddenly becomes demanding task for even the most experienced overseas Entity.

    Following are the challenges for Overseas Entities :

    Fast changing Accounting & Tax Standards

    Expert Knowledge of Multiple Jurisdiction

    BENEFITS OF OUTSOURCING

    Infotax offers a wide range of services to ensure full compliance with local statutory requirements for multinationals and foreign investors when they do business in India. Our high delivering team of Technical Specialists, Chartered Accountants, Cost & Management Accountants, Company Secretaries, Lawyers and MBAs with a rich experience in working with Government and Corporate Clients will provide the best compliance and consultancy services.

    Get in touch with our experts to know more!

    Accounting and Book Keeping

    • Preparation of Daily Vouchers & recording of transactions
    • Invoice Generation
    • Real-time transaction processing
    • Accrual Accounting & supporting schedules
    • Vendor Payment Management
    • Tax Credit availment & utilisation
    • Presentation of books of accounts as per Income Tax, Companies & other Statutory laws
    • Conversion of books & Accounts as per Foreign Statutory Laws
    • Budget-to-actual reporting
    • Financial commentary & analysis
    • What-if analysis or scenario building

    Tax Reporting & Compliance

    • Registration in Income Tax, Goods & Services Act, Custom Act & Other Taxation Laws
    • Preparation of reports for submission to Tax Authorities
    • Regular Compliance of law & filling of Return
    • Tax Management & Advisory for reducing the tax legally
    • Tax planning for scaling activities/reducing tax liabilities

    Custom Law Management

    • Registering with Custom authority & generating Import Export Code.
    • Facilitating in getting letter of Credit from Banks
    • Preparing of Export/Import documents (Bill of Entry/Bill of Landing etc.)
    • Complying with provisions of law & preparation of all documents related to the same (form  A2, A2D)

    Company’s Act Compliance

    • Incorporation of Company
    • Drafting of various Letters, Resolutions as & when required
    • Filling of General & Special Resolution
    • Filling of Annual Returns to ROC
    • Filling of Board Resolutions to ROC
    • Auditor Appointment
    • Preparation of Minutes of Meetings
    • Advisory on various transactions from the view point of Companies Act

    Labor Law Compliances

    • Registration & Filling Returns of Provident Fund
    • Registration in Employee State Insurance Corporation
    • Registration & Availing Benefits of New Pension Schemes
    • Registration & Availing Benefits Public Provident Fund
    • Insurance law for Employees (Life/Health/Other)
    • Report Preparation & it’s time to time Submission

    Investment/Portfolio Management

    • Application of Loan
    • Channelizing Idle funds in high return
    • Management of Equity/Debt Market
    • Fixed Deposits, Mutual Funds Portfolio Management

    RBI Approvals

    • Compliance with the provisions of RBI for opening a branch/Liaison Office
    • Obtaining unique identification name from RBI