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  • Accounting Advisory

    In the current global environment that many companies operate within, there are many challenges for these companies from an accounting perspective as shareholders, regulators and other external stakeholders take a greater interest in how companies report, disclose and communicate their financial results.

    With the increased scrutiny on companies financial reporting and disclosure requirements that the standard setters and regulators are requesting from companies, many businesses are often hard pressed to manage these additional requirements.

    We strongly believe that the advisory process should add value to the business and assist its management in strategic and operational decision making to enhance their growth prospects. Our Accounting Advisory vertical offers a wide range of services that are tailored to suit the specifications of each organization, drawing on our extensive experience across industries as well as our deep knowledge of Indian laws.

    Services offered are:

    GAAP Conversions

    Local GAAP conversion to IND AS require in depth technical understanding of not only the accounting differences, interpretations and potential approaches but also understanding the business implications such as tax relationships, financial disclosures, system changes and training of staff.

    Accounting Standards requirements

    We can support companies in implementing new accounting standards and regulation in their businesses. This support would include the following:

    • Implementing IND AS for published or forthcoming financial statements including advice on notes to financial statements and adequacy of documentation
    • Technical assistance in complex accounting issues and enhance financial information
    • Meeting local regulatory requirements under IND AS
    • Identifying the financial reporting needs
    • Understanding the impact on accounting information systems
    • Understanding the tax implications to assist clients to proactively control and manage tax reporting requirements

  • Assurance

    Statutory & Tax Audit

    The businesses globally are changing constantly, coupled with vigorous laws and regulations. Various statutes demand extensive disclosures that require detailed analysis of the Financial Statements of the organisations on an independent basis. Our single most important focus is to assure stakeholders regarding fairness of the financials by understanding the risks surrounding the industry. Our audit team consists of ever improving set of skilled individuals trained extensively for conducting this auditing function. The team keeps itself updated of various notifications to ensure that it complies with all norms well on time.

    Internal Audit

    Internal Audit is an essential element in the assurance environment of the organisations and a valuable contributor to managing risks more effectively. It is a key attribute of good governance which provides the Management and stake holders with an independent view on whether the organisation has an appropriate risk and control environment. It also acts as a catalyst for a strong risk and compliance culture within an organisation.

    Management Audit

    Our professionals approach the assignments with a risk-based approach to help the Company in effective evaluation of transactions, business, internal controls and assets, along with ensuring solution based, precise reporting. We ensure evaluation to provide precise assessment useful from the board rooms to the lowest levels in the organisation's hierarchy.

  • Taxation

    Taxation

    Our Taxation vertical offers a wide range of expert innovative services in domestic taxation (direct & indirect) and international taxation that aim at value creation following best business practices. Our team of expert professionals interacts with clients to evolve tax efficient solutions, whilst at the same time recognizing that compliance & risk mitigation is a key parameter in any planning.

    We provide under mentioned services to our clients:

    Direct Taxation

    • Preparation of tax returns for Individuals, Firms, NRI's, Foreign Nationals, Companies etc.
    • Representing clients and appearing before various authorities
    • Tax Planning Services - Personal and Corporate.
    • Tax Assistance
      • Obtaining Permanent Account Number
      • Tax Deduction Account Number
      • Services related to TDS/ Withholding taxes
      • Filing of e-Income tax and e-TDS returns

    Transfer Pricing

    • Issuance of Form 3CEB required by persons involved in international transactions with associated enterprises.
    • Develop transfer pricing documentation and defence files, coordinated across all your territories and harmonised with Indian Customs regulations.
    • Develop transfer pricing documentation and defence files, coordinated across all your territories and harmonised with Indian Customs regulations

    Indirect Taxation

    • Assessing the impact of GST on various business functions
    • Smooth transition to GST
    • Assistance in monthly and annual return filings
    • IDT reengineering and preparation of SOP
  • Compliance & Regulatory

    Compliance & Regulatory

    In one of the fastest growing economies of the world, with a dynamic regulatory environment there is a heightened need for any entity operating in India to understand and ensure due compliance with evolving legislation. The key areas we concentrate on are compliance review for matters arising out of:.

    • Foreign Exchange Management Act
    • Labour Laws
    • Income tax
    • Companies Act
    • Certifications
    • Other Allied Laws
  • Transaction Advisory

    As Indian businesses grow & expand their footprints, numerous opportunities exist to achieve their intrinsic value. The Transaction Advisory vertical provides advice & assistance to such business entities and partners them to achieve their goals by providing advisory for Fund Raising (Equity / Debt), M & A Advisory, Corporate Restructuring etc. coupled with assistance along the whole deal cycle including Partner Identification, Valuations, Due Diligence Reviews etc

  • Business Set up & Compliance

    When starting up a business, many would-be entrepreneurs rarely give enough thought to choosing the best business vehicle. They have the options to operate as a sole trader, a partnership or a company - and making the right choice at the initial stage would ensure substantial cost savings.

    As well as setting up the appropriate business structure, at Rathi & Shah, we can assist with the following:
    • Company Incorporation and Registration
    • LLP Incorporation and Registration
    • Government taxes i.e. Goods & Services Tax (GST registration);
    • Establishing an employment scheme;
    • Registration with the tax authorities and other statutory authorities;
    • Statutory compliance etc.
  • Process Documentation & Internal control Review

    Every organization needs a documented procedure of existing process for

    • Smooth knowledge transfer for new joiners
    • Implementing controls
    • Better understanding about existing system when the growth is challenged
    By virtue of the specialization in Internal Audit we help organization in documenting
    • Existing process
    • Suggesting better processes
  • Accounting Advisory
  • Assurance
  • Taxation
  • Compliance & Regulatory
  • Transaction Advisory
  • Business Set up & Compliance
  • Process Documentation & Internal control Review

Accounting Advisory

In the current global environment that many companies operate within, there are many challenges for these companies from an accounting perspective as shareholders, regulators and other external stakeholders take a greater interest in how companies report, disclose and communicate their financial results.

With the increased scrutiny on companies financial reporting and disclosure requirements that the standard setters and regulators are requesting from companies, many businesses are often hard pressed to manage these additional requirements.

We strongly believe that the advisory process should add value to the business and assist its management in strategic and operational decision making to enhance their growth prospects. Our Accounting Advisory vertical offers a wide range of services that are tailored to suit the specifications of each organization, drawing on our extensive experience across industries as well as our deep knowledge of Indian laws.

Services offered are:

GAAP Conversions

Local GAAP conversion to IND AS require in depth technical understanding of not only the accounting differences, interpretations and potential approaches but also understanding the business implications such as tax relationships, financial disclosures, system changes and training of staff.

Accounting Standards requirements

We can support companies in implementing new accounting standards and regulation in their businesses. This support would include the following:

  • Implementing IND AS for published or forthcoming financial statements including advice on notes to financial statements and adequacy of documentation
  • Technical assistance in complex accounting issues and enhance financial information
  • Meeting local regulatory requirements under IND AS
  • Identifying the financial reporting needs
  • Understanding the impact on accounting information systems
  • Understanding the tax implications to assist clients to proactively control and manage tax reporting requirements

Assurance

Statutory & Tax Audit

The businesses globally are changing constantly, coupled with vigorous laws and regulations. Various statutes demand extensive disclosures that require detailed analysis of the Financial Statements of the organisations on an independent basis. Our single most important focus is to assure stakeholders regarding fairness of the financials by understanding the risks surrounding the industry. Our audit team consists of ever improving set of skilled individuals trained extensively for conducting this auditing function. The team keeps itself updated of various notifications to ensure that it complies with all norms well on time.

Internal Audit

Internal Audit is an essential element in the assurance environment of the organisations and a valuable contributor to managing risks more effectively. It is a key attribute of good governance which provides the Management and stake holders with an independent view on whether the organisation has an appropriate risk and control environment. It also acts as a catalyst for a strong risk and compliance culture within an organisation.

Management Audit

Our professionals approach the assignments with a risk-based approach to help the Company in effective evaluation of transactions, business, internal controls and assets, along with ensuring solution based, precise reporting. We ensure evaluation to provide precise assessment useful from the board rooms to the lowest levels in the organisation's hierarchy.

Taxation

Our Taxation vertical offers a wide range of expert innovative services in domestic taxation (direct & indirect) and international taxation that aim at value creation following best business practices. Our team of expert professionals interacts with clients to evolve tax efficient solutions, whilst at the same time recognizing that compliance & risk mitigation is a key parameter in any planning.

We provide under mentioned services to our clients:

Direct Taxation

  • Preparation of tax returns for Individuals, Firms, NRI's, Foreign Nationals, Companies etc.
  • Representing clients and appearing before various authorities
  • Tax Planning Services - Personal and Corporate.
  • Tax Assistance
    • Obtaining Permanent Account Number
    • Tax Deduction Account Number
    • Services related to TDS/ Withholding taxes
    • Filing of e-Income tax and e-TDS returns

Transfer Pricing

  • Issuance of Form 3CEB required by persons involved in international transactions with associated enterprises.
  • Develop transfer pricing documentation and defence files, coordinated across all your territories and harmonised with Indian Customs regulations.
  • Develop transfer pricing documentation and defence files, coordinated across all your territories and harmonised with Indian Customs regulations

Indirect Taxation

  • Assessing the impact of GST on various business functions
  • Smooth transition to GST
  • Assistance in monthly and annual return filings
  • IDT reengineering and preparation of SOP

Compliance & Regulatory

In one of the fastest growing economies of the world, with a dynamic regulatory environment there is a heightened need for any entity operating in India to understand and ensure due compliance with evolving legislation. The key areas we concentrate on are compliance review for matters arising out of:.

  • Foreign Exchange Management Act
  • Labour Laws
  • Income tax
  • Companies Act
  • Certifications
  • Other Allied Laws

Transaction Advisory

As Indian businesses grow & expand their footprints, numerous opportunities exist to achieve their intrinsic value. The Transaction Advisory vertical provides advice & assistance to such business entities and partners them to achieve their goals by providing advisory for Fund Raising (Equity / Debt), M & A Advisory, Corporate Restructuring etc. coupled with assistance along the whole deal cycle including Partner Identification, Valuations, Due Diligence Reviews etc

Business Set up & Compliance

When starting up a business, many would-be entrepreneurs rarely give enough thought to choosing the best business vehicle. They have the options to operate as a sole trader, a partnership or a company - and making the right choice at the initial stage would ensure substantial cost savings.

As well as setting up the appropriate business structure, at Rathi & Shah, we can assist with the following:
  • Company Incorporation and Registration
  • LLP Incorporation and Registration
  • Government taxes i.e. Goods & Services Tax (GST registration);
  • Establishing an employment scheme;
  • Registration with the tax authorities and other statutory authorities;
  • Statutory compliance etc.

Process Documentation & Internal control Review

Every organization needs a documented procedure of existing process for

  • Smooth knowledge transfer for new joiners
  • Implementing controls
  • Better understanding about existing system when the growth is challenged
By virtue of the specialization in Internal Audit we help organization in documenting
  • Existing process
  • Suggesting better processes
  • Rathi & Shah
    Chartered Accountants
  • Suite No 204, 2nd Floor, City Centre,
    232/186, Purusawalkam High Road,
    Chennai 600 010.
  • Contact Us
  • +91 44 3200 0407
  • umang@rathiandshah.com
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