Our service offerings include accounting, auditing, finance and assurance, tax and regulatory compliance, consultancy and outsourcing services. We offer a range of solutions which are ideal, practical, innovative and at par with the best that our clients would expect.
- Tax and Regulatory
- Direct Taxes
Direct taxation in India broadly refers to the Income Tax laws which involve personal tax, corporate tax, minimum alternate tax, capital gains tax, international tax and transfer pricing. We offer services in each of the mentioned areas of tax and regulatory compliance.
1.1. Tax Strategy, Compliance and Representation
Our endeavour is to formulate an ideal tax strategy for our clients which is compliant with the law, legitimately reduces the tax bills and yet is not prone to invite litigation. Our specialist tax team members have a responsibility to ensure that the clients tax bill is optimised and they do not pay any unnecessary taxes. We provide representation services to clients at all levels of tax hierarchy ranging from assessment to administrative and appellate stages. We have competence and resources to serve clients at all levels of appellate stages ranging from Appellate Commissioners, Dispute Resolution Panel, Income Tax Appellate Tribunals.
1.2. International Taxation & Transfer Pricing
With the globalisation and integration of economies large corporations are operating in different tax regimes with each one of them vying for their share of the corporates profit pie in taxes. We assist the foreign clients in entity structuring for Indian forays, transaction structuring, advising on the agreements and contracts from tax perspective, understanding and advising on treaty benefits, regulatory compliances and establishing sound global taxation policies.
Transfer pricing is a complex subject and impacts every area of business – ranging from associated party purchases, sales, financing instruments, loans, investments, marketing, distribution, use of tangible and intangible assets, etc. Multinationals are perceived to be potentially capable of shifting their profits from high tax jurisdictions to low tax jurisdictions with the objective of reducing global tax liability. On this premise the tax regulators view the international transactions between associated enterprises with a lot of scepticism and are able to raise tax issues which have huge tax ramifications. Our team offer advisory services on transfer pricing documentation.
- Indirect Taxes
Indirect taxes pervade every area of a company’s business. Their impact on material and product costs, cash flow, profitability and, ultimately, on shareholder value is an important element to stay ahead in competition. We provide comprehensive advice and assistance on various indirect taxes such as Goods and Services Tax and Customs duties. We also offer expert advice on all aspects of the foreign trade policy, free trade agreements, cross-border supply chains and anti-dumping duties. We provide litigation support before adjudication and appellate authorities up to the Tribunal level and brief counsels for matters beyond the Tribunal.
- Audit and Assurance
Our audit and assurances service offerings are based on a complete understanding of the clients’ business specifics, industry peculiarities and the applicable laws. The audit approach is based on the compliance issues, the nature and requirement for audit, the clients’ requirement and key risk issues involved. Our audit and assurance solutions range from statutory audits, internal audits, tax audits, transfer pricing audits, management audits, concurrent audits etc. The audit deliverables range from reporting for statutory compliances to enhancing the business, financial and operational performance of our clients.
2.1. Statutory Audits
We conduct statutory and regulatory compliance audits for filing of annual or periodic financial results. Statutory audits are aimed at achieving compliance with regulations, assessing the strength of controls, confirmation of accounting treatments of recorded transactions, independent review of reported information and preparation of audit report.
2.2. Tax Audits
We serve our clients in area of tax audit under various provisions of the tax laws. The firm has dedicated audit teams which specialise in conducting the audits effectively and diligently.
2.3. Internal Audits
The internal audits are conducted with varying client requirements but essentially the objective thereof is to provide assurance on controls and processes.
- Corporate Law Services
We offer corporate law and secretarial services in fields ranging from incorporation of corporate entities, assistance in maintaining prescribed records, convening and conducting meetings of the Board of Directors and shareholders, statutory filings with the MCA and advising and representing the clients in corporate litigation at Company Law Board matters.
- Advisory Services
ARVIND SONI & COMPANY offers multi-disciplinary advisory services to clients in its main areas of practice i.e. taxation and regulatory, audit and assurance and company law. Besides the firm also offers advisory solutions on partnership and LLP laws, societies and trusts laws, employee benefit regulations etc. Our advisory services deliverables are based on gaining an understanding of clients’ query, thorough research on the subject, in-house threadbare discussions on all possible solutions, considering myriad options, application of knowledge and past experience on the issues and providing an informed opinion on the query.
- Finance and Accounting Services
The finance and accounting processes of businesses are getting complex and challenging with more and more regulatory pronouncements and standards coming into effect. We at ARVIND SONI & COMPANY offer accounting and related processes services to clients who either do not wish to create their own capabilities or are looking for competitive and professional solutions to their accounting and related processes in order to save on costs. Our approach to outsourced assignments involves gaining a complete understanding of client’s requirements which forms the bedrock of assignment implementation plan, designing process plan, assessing resource requirements, deploying adequate resources, performing the desired functions, constant monitoring by Team leaders, generating client deliverables and timely client reporting.
- Business Support & Ancillary Services
Unlike traditional firms in the industry, we also provide wide range of business support & ancillary services which are required for the smooth functioning & growth of business enterprise. It includes strategic & financial planning, evaluation of business functioning, fraud detection & reporting, registration and communicating with various regulatory & certifying authorities like Registrar of Firms, Trademark, MSME (Udyog Aadhar), Shop & Establishment Act (Gumasta), FSSAI, Import Export Code, ISO and so on.
We acknowledge the fact that it is indeed difficult for business managers to keep pace with fast paced statutory pronouncements, ever developing jurisprudence and news flow which impacts businesses in a big way. For the sake of our client’s knowledge we are constantly providing information on developments by way of news flash through emails as well as through calls.
The professional regulations prohibit us from disclosing the names of our esteemed clients.
However, what we can let you know is that we are providing services to a very large array of clientele ranging from Corporates, Indian PSU’s on one hand to small and medium enterprises, high net worth individuals, non-profit organisation on the other.
Our clients are pioneers in their respective fields and industries and we take immense pleasure in being associated with each one of them and in making a humble contribution to the success of their businesses by rendering successful professional service.