M/s Rakesh Puri & Associates.Chartered Accountants

Direct Tax

• 1. Preparation of Income Tax Returns / TDS Returns / Wealth Tax Returns
• 2. Appearing before Assessing Officers
• 3. Appearing before Administrative Commissioners and Appellate Commissioners
• 4. Appearing before Income Tax Appellate Tribunal
• 5. Providing consultancy services in all the areas of Direct Tax ranging from Tax Planning for Individuals to Tax Planning for Corporate entities
• 6. Providing consultancy in areas relating to Transfer Pricing and Double Tax Avoidance Agreements
• 7. Providing consultancy related to Business Restructuring, Tax aspects of Mergers and Acquisitions, Joint Ventures etc.
• 8. Providing consultancy to Non-Resident Clients

Audit & Assurance

1. Statutory and Internal Audits of:

• Public Limited Companies which are listed on Stock Exchange
• Public Limited Companies which are not listed on Stock Exchange
• Private Limited Companies
• These companies are manufacturers, traders or service providers operating in the domestic as well as foreign markets.
• Companies registered u/s. 25 of Companies Act, 1956
• Educational Institutions, Trusts
• Firms, Individuals and HUFs

2. We are empanelled as Statutory Auditors at the following places:

• Comptroller and Auditor General of India
• Bank Audits of Nationalized Banks
• Co-operative Banks registered under Multi – State Co-operative Societies Act, 1985 and Punjab State Co-operative Society Act.

3. Audits required under the Income Tax Act, 1961.

4. Special Purpose Audits:

• Internal Control Reviews
• Management Audits
• Bank Audits
• Stock Audits

5. XBRL:

• Conversion of Financial Statements into XBRL format
• Certification of XBRL Financial Statements – Form 23AC and Form 23ACA
• Filing of XBRL Financial Statements with the Registrar of Companies

Service Tax

Any service providers whose turnover exceeds Rs10 lakhs need to pay service tax. Service Tax is one of the grey areas in Indian Taxation System. M/s Rakesh Puri & Associates takes pride that we have the best CA team in Punjab who will help you getting out of complexity. The team of C. A. Rakesh Puri & Associates has written many articles on service tax for the benefits of the profession and has also written a book on service tax for the better understanding of the local community in Punjab.

Taxation Srvices

Changes in Indian Direct Tax Laws have now become an annual affair and at times happen even more frequently. M/s Rakesh Puri & Associates keeps abreast of all such changes made in Direct Tax Laws, so as to provide quality services to its clients. Due to its in-depth research in the field of Direct Taxes, locally as well as internationally, as well as on account of close and regular interaction with the Indian Tax authorities, M/s Rakesh Puri & Associates is able to provide pragmatic solutions to its clientele. Its range of services in this area includes:

• 1. Evolving tax strategies and structures which would minimise tax incidence through a detailed evaluation of:
a Double Tax Avoidance Agreements entered into by India with various countries;
b Tax incentives and tax holidays and
c Tax incidence in other countries.

• 2. Providing opinions on various complex tax issues;
• 3. Tax planning for Non-Resident Indians, overseas entities desirous of setting up a business in India and Indian entities desirous of setting up an overseas business/base;
• 4. Tax representation before the Indian tax authorities at all levels (up to the Income Tax Appellate Tribunal); Transfer Pricing studies;
• 5. Advising organizations in designing a tax-efficient salary structure of employees;
• 6. Advising on the applicability of withholding taxes and providing certification services for outward remittances;
• 7. Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, certificate for non-deduction of taxes at source, etc.
• 8. Updating clients on developments in the field of direct taxes which could have a bearing on their business

Tax Consultants Services

Non-Resident Indian Taxation Services

Personal Taxation Services

Accounting Services

Audit and Accounting Services

Accounting Outsourcing Services

Book Keeping

Financial Statement preparation

Management accounts

Corporate Services

Company Registration Services

Income Tax

Here are the personal income tax slab rates for calculating your income tax for the Financial Year 2013-2014 (Assessment Year 2014-2015).

Income Tax Slabs for the Individual Male (Below 60 Years Age) for the Assessment Year 2014-2015

Note: In addition to the above, a Tax Credit of Rs. 2,000 will be given for income up to Rs. 500,000 in the Financial Year 2013-2014.

Important Links -

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1. Income Tax Acts - click here
2. Income Tax Rules - click here
3. Circulars - click here
4. Notifications - click here

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1. Tax Calculator - click here

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1. Forms - click here

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1. Submit Returns / Forms - click here
2. View Form 26AS (Tax Credit) - click here
3. Outstanding Tax Demand - click here
4. ITR-V Receipt Status - click here
5. CPC Refund Status - click here
6. Rectification Status - click here
7. Know Your Jurisdictional A.O. - click here
8. Know Your PAN - click here
9. Know Your TAN - click here
10. Apply Online (PAN / TAN) - click here
11. E-Pay Tax - click here

Service Tax

Tax Facts

We thought the following information on various tax issues would be useful to you. Personal circumstances always vary, so please ensure you contact us for specific advice.

• Income tax
• Capital gains and assets
• Deductions
• Permanent account number - PAN

Accounting Standards

Acts & Bills

Acts

• Limited Liability Partnership Act, 2008
• Societies Registration Act 1860
• Partnership Act 1932
• Companies ( Donation to National ) Fund Act 1951
• Companies Act, 1956 Part 1
• Companies Act 1956 Part 2
• The Companies Amendment Act, 2006
• The Monopolies and Restrictive Trade Practices Act, 1969
• The Competition Act, 2002
• The Competition Amendment Act, 2007
• The Chartered Accountants Act, 1949 [As amended by the Chartered Accountants (Amendment) Act, 2006]
• Cost and Works Accountants Act, 1959 [As Amended By The Cost And Works Accountants (Amendment) Act, 2006]
• The Company Secretaries Act, 1980 [As amended by The Company Secretaries (Amendment) Act, 2006]

Bills

• The Companies Bill, 2009
• Errata to Companies Bill, 2009
• The Companies Bill, 2008
• Corrigenda to The Companies Bill, 2008
• The Limited Liability Partnership Bill, 2008

Rules

Rules (ICAI)

Procedure of Investigation ( English & Hindi version)
Procedure of Meetings ( English & Hindi version)
The Appellate Authority ( English & Hindi version)
Corrigendum G.S.R.225(E) ( English & Hindi version)
Chartered Accountants(Election to the council) Rules 2006 ( English & Hindi version)
Chartered Accountants(Election Tribunal) Rules,2006 ( English & Hindi version)

ICWAI

Procedure of Investigation ( English & Hindi version)
Procedure of Meetings ( English & Hindi version)
The Appellate Authority ( English & Hindi version)

Compliance Rules

Companies (Accounting Standards) Rules, 2006
Companies (Issue of Share Certificate) Rules, 1960
Trustees (Declaration of Holdings of Shares and Debentures) Rules, 1964
The Companies (Public Trustee) Rules, 1973
Companies (Particulars of Employees) Rules, 1975
Companies (Transfer of Profits to Reserves) Rules, 1975
The Companies (Declaration of Beneficial Interest in Shares) Rules, 1975
Public Companies (Terms of Issue of Debentures and Raising of Loans with Option to Convert such Debentures or Loans into Shares) Rules, 1977
Companies Unpaid Dividend (Transfer to General Revenue Account of the Central Government) Rules, 1978
Companies (Appointment and Qualifications of Secretary) Rules, 1988
Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988
Private Limited Company and Unlisted Public Limited Copmpany (Buy Back of Securities) Rules 1999
The Companies ((Issue of Share Capital with Differential Voting Rights) Rules, 2001
The Companies (Appointment of the Small Shareholders Director) Rules, 2001
The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001
Unlisted Public Companies (Preferential Allotment) Rules, 2003

Audit Rules

Companies (Branch Audit Exemption) Rules, 1961
Manufacturing and Other Companies (Auditor's Report) Order, 1988
Cost Audit (Report) Rules, 1996ost Accounting Record Rules of 44 products
Cost Audit Report Rules 2001
Companies Auditors Report order 2003 (CARO)

Company Law Board

The Offices Of The Company Law Board Benches (Destruction Of Records) Rules, 1980
Company Law Board (Fees on Applications and Petitions) Rules, 1991
Company Law Board Regulations, 1991
Company Law Board (Qualifications, Experience and Other Conditions Of Service of Members) Rules, 1993
Company Law Board (Qualifications, Experience and Other Conditions of Service of Members) ( Amendment) Rules, 1996
Company Law Board (Qualifications, Experience and Other Conditions of Service of Members) (Amendment) Rules, 1997

Competition Commission of India

Companies (Preservation and Disposal of Records) Rules, 1966
Competition Commission of India (Oath of Office and of Secrecy for Chairperson and other Members) Rules, 2003
Competition Commission of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2003
The competition commission of India (Terms of the selection committee and the manner of selection of panel of names ) Rules 2008
The competition appellate tribunal (Term of the selection committee and the manner of selection of panel of names ) Rules 2008
The competition commission of India (return on Measures for the promotion of competition advocacy, awareness and training on competition issues ) rules 2008
The competition commission of India (Form & time of preparation of Annual Report) Rules 2008

Court Liquidator Rules

Companies (Court) Rules, 1959
Companies (Official Liquidator's Accounts) Rules, 1965
Companies Liquidation Accounts Rules, 1965

Deposit Rules

Companies (Acceptance of Deposits) Rules, 1975
Companies (Acceptance of Deposits Amendment) Rules, 1997

Destruction of Records Rules

Companies (Preservation and Disposal of Records) Rules, 1966
The Offices Of The Regional Directors (Destruction Of Records) Rules, 1976
The Office Of The Public Trustee (Destruction of Records) Rules, 1984
Disposal of Records (in the Offices of the Registrar of Companies) Rules, 2003

General Rules and Regulations

Companies Regulations, 1956
Companies (Central Government's) General Rules and Forms, 1956
Application of section 159 to Foreign Companies Rules 1975
Companies (Appointment of Sole Agents) Rules, 1975
Companies (Declaration of Dividend out of Reserves) Rules, 1975
Companies (Application for Extension of time or Exemption under sub-section (8) of section 58A) Rules, 1979
Companies (Fees on Applications) Rules, 1999
The Companies (Compliance Certificate) Rules, 2001

Investor Rules

The Investors Education and Protection Fund (Awareness an Protection of Investors) Rules 2001

Key Dates