308, Opera Point, Kothariya Main Road, Rajkot
R M SHEKHALIYA AND ASSOCIATES
TAXATION AND FINANCIAL CONSULTANT
THINK DIFFERENT BE DIFFERENT
Audit & Assurance
Our Audit Department provides tax audit services to our clients upholding the highest standards of auditing and provides a comprehensive tax audit report based on the requirements of the Income Tax Act.
To prepare report in Form 3CA/3CB including annexure in Form 3CD as per div 44AB of the Income-Tax Act. We'll help with your IRS tax audit by:
• Reviewing the tax authority notice or inquiry and explain what it means
• Researching issues involved
• Assisting you in assembling documents and records for the tax audit
• Reviewing the tax audit findings and explaining them to you
• Explaining the appeal process and other options available to you in the event you disagree with the tax authority's findings
Bank auditing is the procedure of reviewing the services and procedures adopted by banks and other financial institutions. It is a routine procedure that all financial services entities must undergo in order to ensure that they are in compliance with industry standards and jurisdictional regulations
Specialist accountants, known as bank auditors, have the responsibility of reviewing banks and financial entities. One of their primary duties is to focus on the accuracy, completeness and legitimacy of the bank’s financial activities.
This procedure is similar to that of official auditing reports that companies must file therefore it is not a procedure that should cause alarm for banks requiring an audit. The majority of banks and financial institutions find the bank auditing procedure a strenuous experience; however it is one of the most important procedures that must be completed periodically
Bank Audit refers to verification of different aspects of the banking business. It Consists of
1. Statutory Audit- Audit of Financial statements ,Annual audit
2. Concurrent Audit- Concurrently through out the year
3. Internal audit- as per set periodicity
4. Stock Audit- Audit of bank borrowers in relation to Stock and Book debts
5. Revenue Audit- for Detection of revenue leakages
6. RBI Audit- RBI routine inspection
7. Information Systems Audit/ EDP audit- Audit of Bank’s Computerised systems.
8. Special Purpose- Any particular area that may be chosen for audit for specific purpose
Income Tax Services
In today’s world corporate as well as individuals are required to comply with a number of income tax compliances, which require expert knowledge and are mostly time-bound and technical in nature. Moreover, most of the income tax compliances nowadays are required to be completed online and require specialised knowledge and expertise. R M Shekhaliya & Associates specialise in providing Time-bound and quality Income Tax services to our clients. Our range of Income Tax services cover all aspects of Indian Income Tax Laws. Our services help our clients to operate efficiently and minimise their tax liability.
We provide the following Income Tax Services:
• Tax Management Services, advisory services to minimise and manage tax liability under Indian Tax Laws
• Calculation of Advance Taxes
• Filing of returns of Income Tax, Tax Deducted at Source(TDS)
• Representation before Tax Authorities for Assessments, Appeals, Search & Seizure Cases
GST (Goods & Service Tax) is a recently introduced concept which merges most indirect taxes under one umbrella tax. GST is a welcome step towards reducing compliances and for improving ease of doing business.
R M Shekhaliya & Associates provides whole gamut of GST Services for GST Registration, GST Compliance including GST Returns, Representation before GST Authorities, GST Advisory Services etc.
Our portfolio of services, that makes it easy for you to comply with this tax regime, comprises of:
• GST Registration: GST registration process under the new GST rules is done through an online portal that is maintained by the Central Government of India. Our experts can get your GST registration done in a short span of time.
• GST Returns: GST Act mandates every registered entity to furnish details of its sales and purchases including tax paid and collected thereon by filing GST returns Taxpayers must provide correct information to department as the system is designed so that all transactions are in synchronized with each other and no transaction is left unnoticed between buyers and sellers. GST team of R M Shekhaliya & Associates let you focus on your business, by filing your tax returns in compliance with GST regime.
• GST Amendments: Once you are registered as goods and services taxpayer and want to make any alteration in your details of core or non-core fields like change in address, addition of place of business etc., you may reach our GST experts for any assistance.
• GST Audits: Our team of professionals with rich knowledge on GST, perform audits and prepares required audit reports for its clients.
• GST Assessment: We can help you with your self-assessment of GST. Our team will assist you in whole process of assessment carried out by tax authorities.
• GST Compliances: We will keep you updated with any new compliances announced by GST Council.
List of Services Provided
• Book Keeping, Payment Processing and Bank Reconciliation Services
• Monthly Management reporting
• Formulating accounting systems and procedures
• Preparation of Financial & Accounting Manuals
• Preparation of Periodic Financial Statements and Analysis of Profit & Loss Account
Finance is the life blood of any organisation, having too less of blood leads to anemia in human beings, similarly paucity of finance leads to decrease in activities or shelving of future expansion plans of any organisation and may even lead to failure of business.
We offer services for arranging finance for businesses to meet its various needs. Our range of services cover debt funding, Project Financing through banks and other financial institutions etc. Brief details of our services are provided below
List of Services Provided
• Project Finance (CC/OD)
• Term Loans
• Machinery Loans
• Home Loans
• Mortgage Loans
• Personal Loans
• Quality Services
We ensure that our services are of the Highest Quality in the Industry.
• Fast & Efficient Services
We have a knack of meeting deadlines all the time. Our internal processes are designed to provide Quality Services at Lightning Speed.
• Experience & Expertise
Domain Knowledge & Experience is the hallmark of our Team Members consisting of Professionals.