Maitreya Patni - A. Chandak & Co.

A liaison Office is not permitted to undertake any commercial / trading/ industrial activity, directly or indirectly, and is required to maintain itself out of inward remittances received from abroad through normal banking channels.

Activities Permitted:

Representing in India the parent Company / group Companies
Promoting export/ import from/ to India
Promoting technical / financial collaborations between the parent / group companies and companies in India
Acting as a communication channel between the parent company and Indian companies

Approval / Incorporation

Any foreign company intending to open a liaison Office in India is required to obtain prior approval from the RBI, the apex foreign exchange management authority in India. Approval is usually granted for three years and can be renewed on expiry thereof. In addition to above, the foreign company is also required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Typical Points about Branch Office

Any foreign company intending to open a liaison Office in India is required to obtain prior approval from the RBI, the apex foreign exchange management authority in India. Approval is usually granted for three years and can be renewed on expiry thereof.
In addition to above, the foreign company is also required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Suitability of a Liaison Office

The liaison office generally acts as a communication channel between the parent company overseas and its present or prospective customers in India. The liaison office can also be set up to establish business contacts or gather market intelligence to promote the products or services of the overseas parent company. The liaison Office cannot undertake any business activity in India nor earn any income in India. The liaison Office has to meet its entire expenses from funds received from the parent company through normal banking channels. At the time of closure of the liaison Office, the RBI grants permission to repatriate the balance in the Indian bank account to the parent company. Since the liaison Office is not permitted to earn any income, it should not constitute a taxable entity in India. However, the liaison Office would be required to withhold tax from certain payments and hence to comply with the requisite tax withholding requirements under the domestic tax law.

2. Branch Office

A branch would mean an establishment carrying on substantially the same activity as its Head Office.

Activities Permitted:

As per the guidelines laid down by the RBI, the Branch Office in India is allowed to carry on only the following activities:

Export / Import of goods
Rendering professional or consultancy services
Carrying out research work, in which the parent company is engaged
Promoting technical or financial collaboration between Indian companies and parent or overseas group companies
Representing the parent company in India and acting as buying / selling agent in India
Rendering services in Information Technology and development of software in India
Rendering technical support to the products supplied by parent / group companies

Approval / Incorporation
Foreign companies intending to open a Branch Office in India need to obtain prior permission of RBI which would encompass even approval to the scope of activities that are intended to be carried out in India.

In addition to above, the foreign company is also required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Typical Points about Branch Office

Branch Office is considered a part of the foreign company and is not treated as a separate legal entity.
The office can undertake trading activities, but not manufacturing.
It is subject to taxation in India at 42.23% on income accrued in India.
If there is a double taxation agreement with the country in which the foreign company is incorporated, the tax paid in India can be set off against the total tax payable by the parent company abroad.
Branch offices may repatriate profits to their Head Office without obtaining prior approval.
The Branch Office would not expand its activities or undertake any new trading, commercial or industrial activity other than that is expressly approved by the RBI.
The entire expenses of the Branch Office in India will be met either out of the funds received from abroad through normal banking channels or through income generated by it in India.
The Branch Office will not accept any deposits in India.

Repatriation of Profits

A Branch Office can remit the profits (net of any withholding tax) generated out of its operations in India on production of the prescribed documents, and on establishing that it has earned a net profit by undertaking the permitted activities. The Branch Office need not retain any profits as reserves in India.

3. 100% Owned subsidiary

Form a Company and the parent Company will hold 100% of Shares in the Company.
- The Company can take up any business in India.
- NO RBI permission.
- Will be treated as Domestic Company
Tax Rate Slab will be 30%

Approval / Incorporation

The Company is required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Can be independently promoted by Parent Company
Can be promoted by any two people in India and then the holding of this person can be purchased by the Parent Company. (If this is the case, intimation about the transfer of share is required to be informed to Reserve Bank of India).

Typical Points about 100% Subsidiary

The profit earned in India can only be taken away by parent Company in the form of dividend after payment of dividend tax.
No easy exit.
Transfer pricing issues if purchases made from sister concern.

4. Project Office

Foreign Companies planning to execute specific projects in India can set up temporary project/site offices in India. RBI has now granted general permission to foreign entities to establish Project Offices subject to specified conditions. Such offices cannot undertake or carry on any activity other than the activity relating and incidental to execution of the project. Project Offices may remit outside India the surplus of the project on its completion, general permission for which has been granted by the RBI.

5. Joint Venture, With An Indian Partner

Foreign Companies can set up their operations in India by forging strategic alliances with Indian partners. Joint Venture may entail the following advantages for a foreign investor:

Established contacts of the Indian partners which help smoothen the process of setting up of operations
Established distribution/ marketing set up of the Indian partner
Available financial resource of the Indian partners

6. Foreign Direct Investment (FDI)

India's foreign trade policies have been formulated with a view to invite and encourage Foreign Direct Investment in India (FDI). The process of regulation and approval has been substantially liberalized. The Reserve Bank of India has prescribed the administrative and compliance aspects of FDI.

FDI can be divided into two broad categories - Investment under automatic route and investment through prior approval of Government.

Procedure under automatic route
FDI in sectors/activities to the extent permitted under automatic route does not require any prior approval either by the Government or RBI. The investors are only required to notify the Regional office concerned of RBI within 30 days of receipt of inward remittances and file the required documents with that office within 30 days of issue of shares to foreign investors.

Procedure under Government approval
FDI in activities not covered under the automatic route, requires prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Approvals of composite proposals involving foreign investment/foreign technical collaboration are also granted on the recommendations of the FIPB. For detail of project under Automatic Route and Government Route.

7. Investment by way of Share Acquisition

A foreign investing company is entitled to acquire the shares of an Indian company without obtaining any prior permission of the FIPB subject to prescribed parameters/ guidelines. If the acquisition of shares directly or indirectly results in the acquisition of a company listed on the stock exchange, it would require the approval of the Security Exchange Board of India.

Bank Account Opening

Assistance and signatory services for opening and operating Bank account in India with all major international banks are also provided.

Tell us the preference of Bank you want to have bank account with and we will get back to you with complete information.

Getting government approval for foreign direct investments (FDI) / FIPB Approvals.

FDI in activities not covered under the automatic route, requires prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Approvals of composite proposals involving foreign investment/foreign technical collaboration are also granted on the recommendations of the FIPB.FDI in activities not covered under the automatic route, requires prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Approvals of composite proposals involving foreign investment/foreign technical collaboration are also granted on the recommendations of the FIPB.

Getting Reserve Bank of India (RBI), the apex banking body of India Approvals.

Any foreign company intending to open a liaison Office or a Branch Office or a Project Office in India is required to obtain prior approval from the RBI and any subsidiary company incorporated by foreign company or any foreign direct investment are required to be reported to RBI in form FCGPR.

Registration with Various Authorities

In India a Business Setup to become fully functional require to register with various tax, labour and other authorities. For eg. a manufacturing set up is required to obtain excise registration, trading setup is required to get registered with Sales Tax / VAT Authorities and an service oriented industry is required to register with Service Tax Authorities and obtain STC code whereas all set-up are required to obtain Income Tax Registration (PAN).

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Thursday, 13 April 2017 15:38

Accounting Advisory

Transaction based advisory

Advice for complex accounting transactions & restructuring.

GAAP Transformation

Transformation of financial statements from local GAAP to IFRS & Ind AS.
Transformation & Advisory for new Accounting Pronouncements.

Transfer Pricing Reporting

Assisting in Determining the Arm Length Price.
Preparation of Transfer Pricing Study Report.

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Tuesday, 11 April 2017 15:24

Litigations

The focus of tax assessments is gradually shifting from micro issues (such as, procedural disallowances) to issue based and concept based reviews. Given the legal labyrinth that taxpayers often face, a judicious cost-benefit analysis is imperative in deciding which issues are worthwhile to litigate and on which issues it is more viable to concede. We, with our experience and in-depth knowledge help in making this decision. Complicated direct tax litigation at all levels of the Income tax Authorities is our forte.

In the arena of Cross Border Taxation, the Indian authorities have been late entrant. The last few years have seen an extremely aggressive revenue approach focusing on issues related to permanent establishments, transfer pricing, round tripping. etc.. Given the legal labyrinth that taxpayers often face, including those that are operating multiple jurisdictions it is imperative to engage in complicated litigation at all levels of the Income tax Authorities.

We have both the experience and the acumen to represent clients through tax assessments before the tax department including the international tax department assessing foreign entities to tax in India. We also represent clients in transfer pricing assessments before the Transfer Pricing Department and in appellate forums.

We help in mitigating hardship and offer intelligent tax advice in a result oriented manner.

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Tuesday, 11 April 2017 15:00

Entity Incorporation

Forming Legal entity in India

How one can enter in Indian Market
One can enter the Indian market in more ways than one. These are:

1. Liaison Office

A Liaison Office is in the nature of a representative office set up primarily to explore and understand the business and investment climate.

A liaison Office is not permitted to undertake any commercial / trading/ industrial activity, directly or indirectly, and is required to maintain itself out of inward remittances received from abroad through normal banking channels.

Activities Permitted:

Representing in India the parent Company / group Companies
Promoting export/ import from/ to India
Promoting technical / financial collaborations between the parent / group companies and companies in India
Acting as a communication channel between the parent company and Indian companies

Approval / Incorporation

Any foreign company intending to open a liaison Office in India is required to obtain prior approval from the RBI, the apex foreign exchange management authority in India. Approval is usually granted for three years and can be renewed on expiry thereof. In addition to above, the foreign company is also required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Typical Points about Branch Office

Any foreign company intending to open a liaison Office in India is required to obtain prior approval from the RBI, the apex foreign exchange management authority in India. Approval is usually granted for three years and can be renewed on expiry thereof.
In addition to above, the foreign company is also required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Suitability of a Liaison Office

The liaison office generally acts as a communication channel between the parent company overseas and its present or prospective customers in India. The liaison office can also be set up to establish business contacts or gather market intelligence to promote the products or services of the overseas parent company. The liaison Office cannot undertake any business activity in India nor earn any income in India. The liaison Office has to meet its entire expenses from funds received from the parent company through normal banking channels. At the time of closure of the liaison Office, the RBI grants permission to repatriate the balance in the Indian bank account to the parent company. Since the liaison Office is not permitted to earn any income, it should not constitute a taxable entity in India. However, the liaison Office would be required to withhold tax from certain payments and hence to comply with the requisite tax withholding requirements under the domestic tax law.

2. Branch Office

A branch would mean an establishment carrying on substantially the same activity as its Head Office.

Activities Permitted:

As per the guidelines laid down by the RBI, the Branch Office in India is allowed to carry on only the following activities:

Export / Import of goods
Rendering professional or consultancy services
Carrying out research work, in which the parent company is engaged
Promoting technical or financial collaboration between Indian companies and parent or overseas group companies
Representing the parent company in India and acting as buying / selling agent in India
Rendering services in Information Technology and development of software in India
Rendering technical support to the products supplied by parent / group companies

Approval / Incorporation
Foreign companies intending to open a Branch Office in India need to obtain prior permission of RBI which would encompass even approval to the scope of activities that are intended to be carried out in India.

In addition to above, the foreign company is also required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Typical Points about Branch Office

Branch Office is considered a part of the foreign company and is not treated as a separate legal entity.
The office can undertake trading activities, but not manufacturing.
It is subject to taxation in India at 42.23% on income accrued in India.
If there is a double taxation agreement with the country in which the foreign company is incorporated, the tax paid in India can be set off against the total tax payable by the parent company abroad.
Branch offices may repatriate profits to their Head Office without obtaining prior approval.
The Branch Office would not expand its activities or undertake any new trading, commercial or industrial activity other than that is expressly approved by the RBI.
The entire expenses of the Branch Office in India will be met either out of the funds received from abroad through normal banking channels or through income generated by it in India.
The Branch Office will not accept any deposits in India.

Repatriation of Profits

A Branch Office can remit the profits (net of any withholding tax) generated out of its operations in India on production of the prescribed documents, and on establishing that it has earned a net profit by undertaking the permitted activities. The Branch Office need not retain any profits as reserves in India.

3. 100% Owned subsidiary

Form a Company and the parent Company will hold 100% of Shares in the Company.
- The Company can take up any business in India.
- NO RBI permission.
- Will be treated as Domestic Company
Tax Rate Slab will be 30%

Approval / Incorporation

The Company is required to obtain a Certificate of establishment of place of business in India from the Registrar of Companies (ROC).

Can be independently promoted by Parent Company
Can be promoted by any two people in India and then the holding of this person can be purchased by the Parent Company. (If this is the case, intimation about the transfer of share is required to be informed to Reserve Bank of India).

Typical Points about 100% Subsidiary

The profit earned in India can only be taken away by parent Company in the form of dividend after payment of dividend tax.
No easy exit.
Transfer pricing issues if purchases made from sister concern.

4. Project Office

Foreign Companies planning to execute specific projects in India can set up temporary project/site offices in India. RBI has now granted general permission to foreign entities to establish Project Offices subject to specified conditions. Such offices cannot undertake or carry on any activity other than the activity relating and incidental to execution of the project. Project Offices may remit outside India the surplus of the project on its completion, general permission for which has been granted by the RBI.

5. Joint Venture, With An Indian Partner

Foreign Companies can set up their operations in India by forging strategic alliances with Indian partners. Joint Venture may entail the following advantages for a foreign investor:

Established contacts of the Indian partners which help smoothen the process of setting up of operations
Established distribution/ marketing set up of the Indian partner
Available financial resource of the Indian partners

6. Foreign Direct Investment (FDI)

India's foreign trade policies have been formulated with a view to invite and encourage Foreign Direct Investment in India (FDI). The process of regulation and approval has been substantially liberalized. The Reserve Bank of India has prescribed the administrative and compliance aspects of FDI.

FDI can be divided into two broad categories - Investment under automatic route and investment through prior approval of Government.

Procedure under automatic route
FDI in sectors/activities to the extent permitted under automatic route does not require any prior approval either by the Government or RBI. The investors are only required to notify the Regional office concerned of RBI within 30 days of receipt of inward remittances and file the required documents with that office within 30 days of issue of shares to foreign investors.

Procedure under Government approval
FDI in activities not covered under the automatic route, requires prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Approvals of composite proposals involving foreign investment/foreign technical collaboration are also granted on the recommendations of the FIPB. For detail of project under Automatic Route and Government Route.

7. Investment by way of Share Acquisition

A foreign investing company is entitled to acquire the shares of an Indian company without obtaining any prior permission of the FIPB subject to prescribed parameters/ guidelines. If the acquisition of shares directly or indirectly results in the acquisition of a company listed on the stock exchange, it would require the approval of the Security Exchange Board of India.

Bank Account Opening

Assistance and signatory services for opening and operating Bank account in India with all major international banks are also provided.

Tell us the preference of Bank you want to have bank account with and we will get back to you with complete information.

Getting government approval for foreign direct investments (FDI) / FIPB Approvals.

FDI in activities not covered under the automatic route, requires prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Approvals of composite proposals involving foreign investment/foreign technical collaboration are also granted on the recommendations of the FIPB.FDI in activities not covered under the automatic route, requires prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Approvals of composite proposals involving foreign investment/foreign technical collaboration are also granted on the recommendations of the FIPB.

Getting Reserve Bank of India (RBI), the apex banking body of India Approvals.

Any foreign company intending to open a liaison Office or a Branch Office or a Project Office in India is required to obtain prior approval from the RBI and any subsidiary company incorporated by foreign company or any foreign direct investment are required to be reported to RBI in form FCGPR.

Registration with Various Authorities

In India a Business Setup to become fully functional require to register with various tax, labour and other authorities. For eg. a manufacturing set up is required to obtain excise registration, trading setup is required to get registered with Sales Tax / VAT Authorities and an service oriented industry is required to register with Service Tax Authorities and obtain STC code whereas all set-up are required to obtain Income Tax Registration (PAN).

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Friday, 31 March 2017 13:25

Who We Are

A.Chandak & Co. is highly proficient in providing consultations concerning Accountancy, Taxation, Audit, Company Law matters and attend to day to day problems relating to these. The company caters to a very wide spectrum of prestigious business houses and noted professionals. The management firmly believes in absolute transparency of dealings of the company. Lucre is not our goal. Entire success of our organisation is the result of our dedication and commitment to the highest level of personalised service to our clients. It is our hallmark. Whatever we commit we make it happen and endeavour to see that our clientele take legitimate pride in choosing us as their tax consultants. We follow the fine tradition of business ethics and ethos of showing warmth A. Chandak & Co. steadfastly adheres to quality and excellence.

The young and dynamic Mr. Arun Kumar Chandak possesses inherent qualities of converting challenges into blessings by sincerity of purpose and firm determination. He has incredible foresight, financial acumen and enterprising spirit. He is the most versatile character and uses innovative methods to deal with complex problems. He takes a very broad approach to solve the intricate problems and key issues. He always strives to be different. In spite of its modest beginning the company reached the pinnacle of glory in a short span of time because of his prime qualities and it renders diverse professional services under his astute stewardship. He has also authored a book on gamut of taxation, nine editions of which have been published by the leading publishing house of Delhi. His book has been widely acclaimed as a masterpiece, divulging exhaustive notes and explanations on this diverse subject.

Our company is equipped with the latest and hi-tech office equipment and is backed by a team of highly qualified, competent and experienced personnel. We are result oriented people and never discriminate. Every client is special to us. That's why we occupy a prominent position in our professional circle and are growing from strength to strength. Serve with a smile is our motto.

A business can be taken to the zenith of success only if it has a strong financial base and knowledge of prospects. Proper guidance of experts can definitely help one start a new company and direct it towards the right path. A. Chandak & Co. is a name to count upon, when it comes to the challenges faced in business segments like foreign direct investment, business setting up, business registrations and accounting. We are a promising service provider offering a gamut of business services like Foreign Investment Structuring, Investment through Automatic Route, Direct Investment, Investment In Prohibited Sectors, Accounts Outsourcing Services, etc. Today, we are a renowned consultant provider in foreign direct investment and business setup for global companies in India. Our motive is to help our esteemed clients attain the desired business growth, increase profitability, reduce cost and expenses, increase revenue and improving liquidity of business.

Owing to our vast experience and expertise, we have gained mastery in questioning the need for every cost and expense, productivity of resources, analysing alternate resource options and recognising the non performing assets. We possess the potential to turn the business of our clients towards potential markets, guide their investments and realise the profitable destinations.

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Friday, 31 March 2017 13:22

OTHER ALLIED SERVICES

Virtual Office
Smaller companies, or larger overseas companies initially employing only one or two overseas staff, find our virtual office service extremely useful. We can provide a telephone answering and messaging service along with a prestigious New Delhi address.

Payroll
Our payroll specilized team shall shall prepare salary structure, monthly salaries, incentive, bonus payments and reimburse staff expenses accounts. Special requirements can also be created for, such as the adminstration of pension schemes and private health insurance.

Preparation of year end financial statements
We assist as well as prepare the company’s annual accounts and full back up schedules ready for the statutory annual audit and liase with the company’s auditors as appropriate.

Payment of Creditors
Our systems enable us to pay your creditors at times of your choosing whilst leaving you with ultimate control.

Cash Handling and Banking Operations
We can assist with treasury functions including the operation and monitoring of high interest deposit and current accounts.

Cash Forecasting
We recognise your need to retain a regular overview of your cash reserves. We can prepare regular cash forecasts for you enabling to plan for the future.

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Friday, 31 March 2017 13:14

Company Law Services

Foreign Company Incorporation & Company Law Services
We are a well recognized chartered accountant firm, providing consultations and services in Company Law Matters. Our services are customized in accordance to your specific requirements. We assist you from the very initial processes of company establishment to company maintenance process, etc. Our services include:

Formation & Registration of Company
Setting up a Liaison Office
Setting up a Branch Office
Setting up a 100% Subsidiary Company
Setting up a Project Office
E- Filing of Documents with MCA.
Compliance under Companies Act, 2013
Getting the Company name changed.
Formation of Section 25 Company (Non profit making organization)
Getting Charge Registered
Liaison with Registrar of Companies & Regional Directors
Getting Director Identification Number (DIN)
Maintenance of statutory records prescribed under Companies Act, 2013.
Winding up proceedings of companies, trusts and societies
Getting public & private limited companies declared defunct

Merger & Acquisition

Our merger & acquisition team consists of tax, accounting and consulting professionals who provide corporate and private equity buyers with a broad range of accounting, tax and business advisory services to support mergers, business acquisitions, investment and financing structures, disposition alternatives and post-transaction activities.

Our team of advisers has in-depth knowledge and represents clients of different sizes in a variety of industries. Each adviser is committed to serving our clients professionally, confidentially and honestly to enable our clients to maximize their business opportunities.

Whether our clients are planning to buy or merge with another business (joint venture), we have the experience and the expertise to meet their specific requirements. The business acquisition services provide total solutions. Some of the procedures include identification of potential acquisitions, negotiations with the commercial elements of the transaction and forecasting the future of the business. Services offered under the above categories are:

A review of goals and objectives
Due diligence
Business forecasting
Advice on potential pitfalls and rewards involved in a merger
Assistance in purchase negotiations
Advice on financing
Assistance with preparation of a business plan

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Friday, 31 March 2017 13:07

OUTSOURCING & STATUTORY COMPLIANCES

We are one of the leading names in the field of offering service support for handling ‘Outsourcing Facilities.’ Here, our team of experts effectively handles Business Process Outsourcing services that are based on listening to our clients needs as well as developing innovative ways towards meeting their needs. Working closely with management, we assist clients in reaching their goals.

We provide financial services for quick and hassle free working. We deal with banks, investment banks, insurance companies, credit rating companies and stock brokers on behalf of our clients and assist them to expend their business and operate it carefully.

Some of the key factors that aid us in successfully supporting the Outsourcing of a Business Process include:

Thoroughly analysis of process so clients know the involved costs and can determine cost savings of outsourcing over specific time period
Defining roles & responsibilities in outsourcing partnership to ensure there are no surprises and goals & expectations are clear to both parties
Establish measurable performance objectives including speed of transactions, time period to close books and others with establishment of performance incentives including rewards and penalties for meeting those objectives
Developing detailed transition plan for ensuring smooth hand-off where outsourcing is major undertaking benefitting from careful advanced planning
Establishing clear dispute-resolution process for handling issues as they arise, thus making for smoother operations and ensuring there is no contractual or legal problem
Monitoring results for bringing continuous improvements thorough arranging long-term contracts on yearly renewal basis that allows annual review of outsourcer’s performance

Our range of services include:

Maintenance of accounting and book-keeping records
Payroll management services & Pay-roll records
Management Information Systems (MIS) reporting and statutory compliances including income tax, tax deducting at source (TDS), withholding tax, service tax, company law, RBI rules & regulations and secretarial compliance on regular basis

Outsource Bookkeeping Services to A.Chandak & Co.
For small or medium businesses marinating up-to-date bookkeeping is probably the most important part of the daily routine. The establishment of an accounting division, hiring and training bookkeeping personnel and buying bookkeeping software is costly.

Such companies, whose core competency is not bookkeeping, can benefit by outsourcing to A.Chandak & Co. Outsourcing bookkeeping services to A.Chandak & Co. will eliminate the need to have an accounting division while at the same time your organization can get access to professional bookkeeping services at just 40%-50% of the cost. A.Chandak & Co. has an impeccable record of delivering remote bookkeeping services to growing and changing businesses in all industries. A.Chandak & Co.’s outsourcing services are focused at helping customers with the accounting requirements and significantly reducing the operating costs of their finance department.

Why outsource bookkeeping services to A.Chandak & Co.?
By choosing A.Chandak & Co. as your bookkeeping outsourcing partner, you can get access to several benefits such as:

Save upto 50% on bookkeeping expenses
Save upto 50% on bookkeeping expenses
Focus more on your business
Get access to complete financial management from bookkeeping to tax returns
Hire a dedicated online bookkeeper with complete loyalty
Round-the-clock access to accounts
No need to hire/train accountants
Realtime online bookkeeping
Complete confidentiality and data security with the latest encryption technologies, remote servers and physical security systems

Our financial and accounting outsource team have the depth and breadth to understand, analyze, and provide critical solutions to all your accounting and financial issues. By using our accounting and financial outsource solutions you can save 30-50% of your total cost and can improve your overall operational efficiency of your entire accounting processes.

Outsourcing has transformed the whole industry. Globalization and modern economic policies of developed countries have also boosted the whole process of outsourcing. Now the cheap and best resources of one country are used by other countries where the cost of similar work is higher in comparison. By this way both the companies are benefitted equally, one will get the best price according to its resources and other will get the work done within time and cost limits.

The key to Outsourcing, however, is finding a right outsourcing partner who can be trusted for the entire process of work. We believes in high quality and cost effective solutions to clients. We have been involved in handling outsourcing business from long time. We have adequate infrastructure, functional experience, flexibility and scalability to cater our foreign and domestic clients.

Outsource Payroll processing to A.Chandak & Co.
At A.Chandak & Co., we make sure that there is timely payment in your organization keeping in mind your compensation policies. Apart from this our unique features in providing payroll services are:

At A.Chandak & Co., we make sure that there is timely payment in your organization keeping in mind your compensation policies. Apart from this our unique features in providing payroll services are:
We systemize and simplify the process of payrolls. Set up cost is reduced significantly and also the processing time and error.
Experts ensure accuracy and efficiency in carrying out the functions.
We also reconcile the errors while maintaining calculations and thus maintaining accuracy.
We manage calculations of multiple groups of employees satisfying every organizations specific need.
Systematized and sophisticated software is used to have error free and accurate calculations. The information for tax filling is also provided in time.
Perfect confidentiality is maintained. The company accounts, reports, finances etc, all information regarding these are treated as private and confidential.

We give you the entire gamut of services from time and attendance system, employees insurance deductions, reporting and filing to direct statutory deposit payments.

Outsource Statutory Compliances to A.Chandak & Co.
Once a business is registered, some expert services are required to comply with day to day statutory and regulatory compliances. A.Chandak & Co.’s team is expert enough to take care of following statutory compliances of your organisation.

Income Tax Compliance Service
Withholding Tax Compliance Service
Filing of Annual Return with Registrar of Companies
Filing of forms with Registrar of Companies for intimating any changes in director/ address.
VAT Compliance like monthly return, annual return etc
Service Tax Compliance Service
Customs & Central Excise Compliance Service
Provident Fund Compliance Service
ESI Compliance Service
Profession Tax Compliance Service
Industry specific regulatory Compliance Service

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