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We
offer a comprehensive range of services,
which are tailored to meet the specific
requirements of diversified clientele.
We render the following spectrum of services:
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Audit & Assurance
Services |
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We
undertake various audit and assurance services
for corporates, Government Bodies and Banks
covering
Statutory
Audit
Carrying out
audit of companies in accordance with
the provisions of Companies Act and other
applicable Statutes and in compliance
with Accounting Standards, Standard Auditing
Practices and Guidance Notes issued by
the Institute of Chartered Accountants
of India (ICAI).
Internal
Audit
Involves in -depth periodic verification
of various operations of an enterprise
for the review of accounting system and
related internal controls and evaluating
the effectiveness of such controls to
ensure an error free running of the business
systems and suggesting improvement.
Information
Systems Audit
Encompasses the review and evaluation
of all aspects (or any portion) of automated
information processing systems, including
related non-automated processes, and the
interfaces between them.
Concurrent
Audit
Carrying out systematic and timely examination
on an ongoing basis to ensure accuracy,
authenticity, compliance with procedures
and guidelines.
Tax Audit
Auditing the accounts of the company in
accordance with the specified provisions
of the Income tax laws of India and providing
disclosures of relevant information in
specified formats.
Stock cum Receivables
Audit
Undertaking audit of inventory and book
debts of an organization on behalf of
banks or financial institutions with the
objective of verification and valuation
of inventory, ascertaining recoverability
of book debts and evaluation of drawing
power of the organization.
Special
Purpose Audit |
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Management
Audits: Audits requested by the management
from time to time viz. reviewing special
purpose accounts, etc. |
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Operational
Audits: Analysis of transaction flows
in business operations viz. inventory,
finance, receivables etc. |
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Investigation
Audits: Audits carried out at the
request of the management to investigate
issues like suspected fraud. Also
known as Forensic Audit. |
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Taxation service rendered
by us encompasses services rendered for
Direct taxes, Indirect taxes.
Direct
Taxes |
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Assistance
in availing benefits, exemptions,
rebates, reliefs and deductions to
minimize the incidence of tax. |
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Provide expert opinion on various
complex and litigative tax issues
to clients. |
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Representation before Assessing officer,
Appellate authority and Tribunal for
Individuals, Corporates, Non-corporate
bodies, NRI’s and Overseas bodies. |
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Undertake a study to evaluate status
of compliance with relevant statutes
& appraise on exposure to risks,
both domestic & Foreign tax laws. |
Indirect
Taxes
Services rendered under indirect taxes
include services for…
Sales
Tax |
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Advice on the applicability and levy
of Central and State Sales tax laws. |
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Assistance
in the structuring of transactions
and agreements in relation to inter-state
and intra-state sales in order to
minimise tax incidence. |
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Representation before Assessing Authorities |
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Service
Tax |
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Advice regarding not only applicability
of tax but also procedural compliances
such as registration, assessments. |
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Reviewing contracts and agreements
to assist clients to reduce the incidence
of service tax. |
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Representation before Assessing Authorities |
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Customs
and Excise Duty |
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Advice relating to various issues
of custom law and regulations covering
rates of duties, exemptions etc. |
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Facilitates clients by providing expert
advice to avail all possible tax exemptions
and benefits. |
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Representation before Assessing Authorities |
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We provide advice
on various issues pertaining to Company
law. The services offered include…
Company Formation
We provide services for formation of a
company including promotion, registration
and flotation activities. Promotion services
include preliminary steps taken for the
purpose of registration and flotation.
Registration services involve registering
the memorandum of the company, articles
of association and other agreements with
the ROC. Flotation services involve raising
the capital to commence business.
Secretarial
Services
Reviewing compliance with all the provisions
of the Companies Act, 1956 like maintenance
of statutory records, filing of requisite
documents with ROC etc.
Advisory
Services
We provide advice on issues regarding
company law matters, IPO’s, ADR/GDR
issues etc.
Representation
We also represent before Registrar of
Companies and Company Law Board.
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XBRL Conversion Services (US) |
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As per US law, registrants adopting the U.S. GAAP and foreign private issuers preparing their financial statements in accordance with IFRS as issued by the IASB are required to file 10Q and10K to SEC under uniform interactive data filing in XBRL format. Akasam is engaged in XBRL conversions of 10K & 10Q (Level1 to Level4) documents for uploading to SEC.
The firm will create the "Instance Documents" through appropriate software in XBRL format which includes
. Block Tagging(Level 1)
. Detailed Mapping, Detailed Tagging and Testing(Level II-IV)
The team comprises of 6 semi qualified professionals headed by a qualified CA & CPA.
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Financial Advisory Services |
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The financial advisory
services rendered by us for various clientele
include:
Monitoring
of Fund Management and Fund Requirement
We anticipate the fund requirements of
clientele for conducting their operations
smoothly. We also help clients in monitoring
their funds.
Sourcing
of Investors/Lenders
We assist clients in not only anticipating
fund requirement but also availing the
funds at cost effective rate there by
pruning down the cost of borrowing.
Financial
Feasibility Studies
We conduct financial feasibility studies
enabling our clients to explore various
opportunities and stride ahead to take
rightful place in global arena.
Corporate Debt Restructuring
We assist clients in determining their
capital structure by providing advice
on the proportion of equity and debt thereby
reducing the cost of capital of the organization.
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Business Advisory Services |
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The various Business
Advisory services rendered by us include…
Viability
Studies
In today’s business world globalization
is not an option but an imperative. We
with our cognizance and experience continuously
scout for opportunities facilitating clients
to explore the possibility of foraying
into new ventures and make a mark globally.
Valuation
of Enterprise
With mergers, acquisitions and alliances
gaining significance, accurate valuation
of business is crucial in contemporary
business. We offer various business valuation
services like:
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Valuation of Personal assets |
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Analysis of Personal Income |
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Income Tax Matters |
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Divestiture of all or a partial interest
in a business |
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Income
Tax Compliance |
Due Diligence Studies
The results of due diligence works are
crucial in negotiations, consideration,
indemnities etc. We offer exhaustive due
diligence services encompassing:
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Detailed review of business for acquisition |
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Specific study of the area of business-
trade agreements, royalty contracts |
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Review tax positions for contingent
liabilities |
Mergers
and Acquisitions
In contemporary
business environment mergers and acquisitions
have gained immense importance. We offer
the required advice and the following
spectrum of services:
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Advice on corporate reorganization |
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Investigation & report |
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Negotiation with target/prospective
buyers |
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Advising on Income Tax & Corporate
Law Matters involved on Mergers and
Acquisitions |
Export
& Import Consulting
Globalisation
of operations is imperative in contemporary
business, we help clients to leverage
their core strengths and make a mark globally
by providing advice on foreign trade.
We also provide FEMA & RBI advisory
services regarding foreign exchange regulations
and matters with Reserve Bank. We also
provide the following array of services:
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Market Development Assistance grants
from Ministry of Commerce |
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Advice on participation in fairs/exhibitions,
Sales tour/ Publicity |
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Guidance regarding the regulations
for import of any item into India. |
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Advice on getting the maximum incentive/benefits
available on exports of products from
India. |
Investment
Counseling
We assist clients in their investment
plans by providing advice considering
their risk and return perceptions facilitating
them to make timely, prudent investments.
Pay
Roll Processing
In India payroll
is linked with income-tax as there are
many tax compliances involved. The firm
provides the following payroll services:
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Advice on payroll related systems |
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Computation and payment of employee
tax liability |
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Advice on Employee Stock Options (ESOPs),
restricted share awards and other
share incentives. |
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Assistance in Profession Tax and Provident
fund compliances |
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Assisting employers in establishing
schemes that best motivates and rewards
their employees. |
Risk Assessment
Minimising risk is one of the crucial
aspects in the success of modern-day business
operations. We anticipate the risks involved
in various transactions and also provide
solutions enabling the clients to be proactive,
which is vital in existing competitive
environment. The services offered include
assessment and diminishing of-
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Credit risk |
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Legal & Statutory risk |
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Price risk |
Market
Research
Market research
enables an organization in knowing competitors
and industry data facilitating it to analyse
its market better and take pertinent decisions
to succeed. The market research services
rendered by us encompass:
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Developing questionnaire |
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Collection & Tabulation of data |
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Analyse and report the data collected |
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Make short-term and long-term forecasts |
Regulatory
Approvals
We assist in processing
Government clearances for companies entering
Indian market. We also help in getting
regulatory approvals from FIPB, SIA, RBI,
ROC, STPI & other concerned authorities.
NRI
Services
We offer a comprehensive
range of services to NRIs enabling them
to have control over their activities
in spite of being abroad. We assist them
to
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Managing their portfolios |
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Managing their tax returns |
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Complying with statutory obligations
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