Our Services

1. Income Tax

Punith and Associates provides various services relating to income tax of individuals, companies, professionals, firms, proprietors, etc.

Few areas of our practice are as follows:

  • Obtaining PAN and TAN
  • Filing of Income Tax Returns of Individuals and Companies
  • Tax planning and consultancy for residents and non-residents of India.
  • TDS Filings
  • Filing of AIR returns
  • Addressing scrutiny assessments
  • Obtaining GSTIN
  • Attaining Lower Tax Deduction Certificates for residents and non-residents
  • Obtaining Tax Residency certificate
  • Preparing appeals and appearing in front of CIT

For any assistance in this regards, please reach us on info@capunith.com

2. Goods and Service Tax (GST)

Goods and service tax is a comprehensive indirect tax being levied by the Government of India on sale of goods and provision of services. This law was launched on 1st July 2017 by submerging various other indirect taxes. We provide several services under the GST law such as:

  • Registration under GST Act
  • Filing of returns such as GSTR-1, GSTR-3B, GSTR 9, GSTR 9C
  • Addressing notices issued under GST law
  • Providing consultation on GST issues
  • Facilitating in obtaining GST refunds
  • Conducting audits under GST laws

Punith and Associates provides the above services to diverse industries such as manufacturing, automobiles, IT (information technology), garments, real estate, pharmaceuticals, etc.
For any assistance in this regards, please reach us on info@capunith.com

3. Registrations/Enrollments/Certifications

Incorporation is just the beginning of a company, but post this beginning, there are various registrations which a company must undertake. Punith and Associates assist in obtaining below mentioned registrations for your business or company:

  • Employee Provident Fund (PF)
  • Employee State Insurance (ESI)
  • Professional Tax (PT)
  • Goods and Service Tax (GST)
  • Trade License
  • Import Export Code (IEC)
  • MSME
  • For shops and other establishments
  • Trade marks
  • Food License (FSSAI)

For any assistance in this regards, please reach us on info@capunith.com

4. Setting up a new company/ Establishing a Business/Incorporate a Business or Company/Incorporation

Interested in starting a company/business?

There are different forms of business one can start such as Proprietary concern, Partnership firm, Limited Liability Partnership or Private Limited Company depending on the idea an entrepreneur wants to pitch. There are few important aspects to be considered while starting a company or a business such as registration, taxation, etc,.

Punith and Associates assist entrepreneurs for incorporation of business and also consultation on expansion process for the existing business.

Along with these we address the foreign companies wanting to set a subsidiary/a branch in India in terms of taxation, ease of doing business, repatriation of profits.

For any assistance in this regards, please reach us on info@capunith.com

5. Accounting and Payroll

In order to reduce the work cycles and improve productivity in micro or small organizations we have been extending our services in areas such as payroll, accounting, compliance and reporting.

  • Payroll: Balancing and reconciling payroll data is very much important for an organization to reduce the complexity being involved. Punith and Associates undertake payroll activities for various companies from actual calculation of gross salary to the appropriate filings of PF, ESI. We also help the companies to have a proper input validation to ensure accurate payroll.
  • Accounting: We provide accounting services to both Indian companies as well as foreign companies to meet their various requirements to gauge the company’s profit potential, operating performance and competitive standing. We assist the companies from preparation of financial statements to auditing and taxation.
  • Compliance: Conforming to a rule with specifications, policies, standards and law is necessary to have an operational transparency for any organization to experience a harmonized set of compliance records, hence we at Punith and Associates help companies to manage and meet their compliance requirements for various entities.
  • Reporting: Disclosure of financial results of the organization to the external stakeholders of the company is very much necessary. We prepare financial reports for the companies which encompasses income statement, balance sheet, cash flow statement, footnotes (accompanying disclosures) and so on.

For any assistance in this regards, please reach us on info@capunith.com

6. Auditing

We have specialization in various areas of auditing such as:

  • Bank audits
  • Statutory audits (under companies act)
  • Internal and concurrent audits
  • Pre-investment management audits
  • Audit under Section 44 AB of Income Tax Act 1961
  • Audit under Karnataka State Cooperative Societies Act
  • Audit under GST

We provide services to various clients from diverse industries such as manufacturing, automobiles, IT (information technology), garments, real estate, pharmaceuticals, etc. We also extend services for startups and incubators.
For any assistance in this regards, please reach us on info@capunith.com

Services offered by us:

  • Comprehensive examination of financial statements in accordance with GAAP or other auditing standards
  • Comprehending the reliability and effectiveness of the management records
  • Evaluation of reports based on the consistency of results being delivered.
  • Review of financial statements as well as analytical procedures to ascertain the adequacy of policies

7. NRI services

India is the most preferred destination for NRI's to start a business or for investment as it is one of the fastest growing economies in the world with plenty of opportunities.

The income tax rules and perks are different for those who are non-residents of India. Thus we render our services even to the Non Resident Indians which encompasses the following:

  • Income tax filing
  • TDS on property sales
  • Lower tax certificate on sale
  • Repatriation of funds from India
  • Tax on income earned (Rental/Interest)
  • Addressing income tax scrutiny notices
  • Assisting in tax planning

For any assistance in this regards, please reach us on info@capunith.com

8. Reports and documents

Reports are valued as a tool for tracking and analyzing the performance and overall business growth. We provide assistance to the diverse companies including startups in terms of preparation of reports for various purposes such as:

  • Project reports
  • Gift deed
  • Due diligence reports
  • Valuation Reports
  • Reports for Bank Loan

For any assistance in this regards, please reach us on info@capunith.com

 
     
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