Karmv & Company Chartered Accountants

Sector 15, Gurugram, Haryana

Highly praised for our perfect performance, our Foreign Direct Investment Consultants services are trusted upon by the clients. As a top player, we make sure our quality stays in conformity with our standing. We endeavor to present the best services in the industry making use of latest methods and approaches. Our dedicated team of proficient finance experts provides all related compliance of FDI and approval from PIPB for all approval route FDI. For a nominal fee, our services can be availed.

 
Additional Information : India has a long way to climb up the foreign direct investment (FDI) ladder. Despite emerging as a major destination for outsourcing in IT-related services, India is unlikely to catch up with its neighbor China in attracting FDI funds to become a major destination for manufacturing various products. Our Prime Minister focusing on FDI and Make in India concept as well defence procurement policy also indicated for no longer import of defence products instead, make in India by set up factory or collaboration with Indian partner for future.

Making use of comprehensive knowledge of industry, we are involved in providing our clients a superlative range of quality services in Custom Duty Consultants services. We have a team of well qualified professionals who are able to provide excellent consultation given their strong academic background. The consultation from us is admired by our clients. A nominal fee is charged by us from our esteemed clients for our unparalleled services like IEC Code, goods classification, Authorization license from DGFT, duty structure of different goods etc.

We have gained proficiency by providing a superior range of Tax Audit Services. We hire a team of experienced professionals who are experienced in delivering these services. Our zero mistake performance translates into high satisfaction among our clients. All day round, we make our services available. We conduct our services making it hassle free for the clients. Our clients cherish these services for the timely execution of services. For providing our services, we make use of modern techniques and methods.

Additional Information :An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year,

• The Person is carrying on business and his Total Sales/Turnover exceeds Rs. 1 Crore (Limit increased w.e.f. 1st April 2012) or
• The Person is carrying on Profession, and his Gross Receipts exceed Rs. 50 Lakhs (Applicable from Financial Year 2016-17 onwards) or
•  The Person is carrying on business or profession and is covered under the provisions of section 44AD, 44AE, 44AF, 44BB or 44BBB and claims that his income from the said business is lower than the deemed profits and gains computed under the relevant section

As a prominent Service Provider of Company Registration Services, we bring you a wide range of perfect quality. We hire a team of trained company secretaries who are able to incorporate private or public company in India in compliance with the related laws. We offer one-stop solution for all company registration services. Our fascinating services are immensely popular in the market. We help our clients to steer clear of the hassles that come along with company registration and focus on their key areas.

Additional Information : Private Limited Company - In Simple words private limited company is the major business formation for the startups and from now in the 2015 there is very simple to register private limited company due to INC 29 Form and no requirements of minimum capital i.e. 1 lac rupees. It needs minimum 2 Directors and is best for the growing startups and want to funding from angel investor

Doing justice to the stellar reputation of ours, we offer our esteemed clients a varied range of services of GST Consultants services. We do our best to meet our clients exact needs. Our service is widely appreciated for its trustworthiness. Our well-trained staff provides consultation to the clients regarding the matters concerned to GST. The service is provided as per the stipulation given by clients. Apart for that, our service is highly treasured among our clients for quick response and execution.

Additional Information : As the name suggests, it is a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, etc. This is how it is done in most developed countries. A major change like GST requires a constitutional amendment, which requires a bill to be passed in both houses of Parliament. The GST constitutional amendment bill was passed in the Lok Sabha in May this year. It has been held up in the Rajya Sabha due to objections being raised by the Opposition regarding the Bill as well as issues with no direct connection to GST. Benefits of GST For the Centre and the States According to experts, by implementing the GST, India will gain $15 billion a year. This is because it will promote more exports, create more employment opportunities and boost growth. It will divide the burden of tax between manufacturing and services. For individuals and companies In the GST system, taxes for both Centre and State will be collected at the point of sale. Both will be charged on the manufacturing cost. Individuals will be benefited by this as prices are likely to come down and lower prices mean more consumption, and more consumption means more production, thereby helping in the growth of the companies. Items not under GST Alcohol, tobacco, petroleum products

In synchronization with the stellar standing of ours, we offer our well-regarded clients a varied range of NRI Taxation Services. As a well renowned figure, we are committed towards meeting our clients precise needs. Our service is widely availed for its consistency & affordability. Our well-trained staff gets into discussion with the clients regarding taxation services in compliance of RBI and FEMA. The service is provided exactly per the specifications given by clients. Other than that, our service is highly cherished for timely execution among our clients.

Additional Information 

You are considered an Indian resident for a financial year :

• When you are in India for at least 6 months (182 days to be exact) during the financial year Or

• You are in India for 2 months (60 days) for the year in the previous year AND have lived for one whole year (365 days) in the last four years.

• If you are an Indian Citizen working abroad or a member of a crew on an Indian ship only the first condition is available to you - which mean you are a resident when you spend at least 182 days in India. The same is applicable to a PIO who is on a visit to India. The second condition is not applicable to these individuals. any of his grandparents were born in undivided India.

• You are an NRI if you do not meet any of these conditions.

Having placed ourselves as major Service Provider in the industry, we keep on delivering excellent services. Keeping up our good work, we provide our clients Audit Certification Services. Being the name who is involved in quarterly audit of many companies, we have gained loads of experience. Our high quality, competitiveness and integrity stand out from the rest as our personnel consists of qualified chartered accountant who have a thorough knowledge of internal and statutory auditing services. All this combined together makes for the perfect solution.

 
Additional Information : Auditing refers to a systematic and independent examination of books, accounts, documents and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an "Audit Society". The auditor perceives and recognizes the propositions before him/her for examination, obtains evidence, evaluates the same and formulates an opinion on the basis of his judgment which is communicated through his audit report

We, being a notable name in the market, involve ourselves in offering EPF Consultants services. We meet the specific demands of the clients being committed towards the cause. Our trustworthy services are prized globally by our clients. Our team of qualified professional is well versed with the all the matters related to EPF. For providing outstanding services persistently, our experts consult the clients so that they can match their specific requirements and plan as a result in order to provide the best services possible.

Additional Information : Employees Provident Fund (EPF) is a retirement benefit scheme thats available to all salaried employees. This fund is maintained and overseen by the Employees Provident Fund Organisation of India (EPFO) and any company with over 20 employees is required by law to register with the EPFO.

• Its a savings platform that helps employees save a fraction of their salary every month that can be used in the event that you are rendered unable to work, or upon retirement. Provident Fund Deduction from Salary:

• When you start working, you and your employer both contribute 12% of your basic salary (plus dearness allowances, if any) into your EPF account. The entire 12% of your contribution goes into your EPF account along with 3.67% (out of 12%) from your employer, while the balance 8.33% from your employers side is diverted to your EPS (Employees Pension Scheme). Its important to note that if your basic pay is above Rs. 6, 500 per month, your employer can only contribute 8.33% of 6, 500 (i.e. Rs. 541) to your EPS and the balance goes into your EPF account.

• These funds are pooled together from many employees like yourself and invested by a trust. This generates an interest of 8% - 12%, which is decided by the government and the central board of trustees. The annual interest rate is available on the official EPF India website, and is currently at 8.75%.

• EPF is active every time you receive your pay. If you are changing jobs, its important to also update your EPF information with your new company, giving them your EPF number so that they can continue the contribution. Ours is an eminent name engaged in providing the best solutions for EPF consultant. We offer lucrative deals.

The steady backing of our enthusiastic employees has enabled us to provide incomparable quality in Business Startup Assistance Services to our clients. Our assistance can help our clients get tax exemption on capital gains, credit guarantee fund for startups, funding support and legal support. During the first three years, there will be no inspection under labor law for our clients thanks to our services. Through our 100% customer satisfaction, our brilliance reflects. For availing a range on other benefits at affordable price, get in touch.

Additional Information : Startup means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding INR 25 Crore in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. Condition: new product or service or process; or significantly improved existing product or service or process.

Features :

• There will be no Inspection under following labor law during the first three year
• Tax Exemption on Capital Gains
• Credit Guarantee Fund for Startups

• Funding Support through a Fund of Funds with a Corpus of INR 10, 000 Crore
• Creation of Startup India Hubs
• Rolling-out of Mobile App and Portal
• Legal Support and Fast-tracking Patent Examination at Lower Costs
• Relaxed Norms of Public Procurement for Startups
• Faster Exit for Startups

On the back of ample knowledge of industry, we are involved in providing our clients a superlative range of quality services in TDS Consultants. We have a team of knowledgeable professionals who are able to provide all kinds of consultation required related to TDS. Within the specified time frame, the services on offer are executed. We make every effort to complete the services in a hassle free manner. We charge an economical fee from our admired clients for our spotless services.

Additional Information : Tax deducted at source (TDS), as the very name implies aims at collection of revenue at the very source of income. It is essentially an indirect method of collecting tax which combines the concepts of “pay as you earn and œcollect as it is being earned. Its significance to the government lies in the fact that it prepones the collection of tax, ensures a regular source of revenue, provides for a greater reach and wider base for tax. At the same time, to the tax payer, it distributes the incidence of tax and provides for a simple and convenient mode of payment.

• The concept of TDS requires that the person, on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient from whose income tax has been deducted at source gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.

• Ours is an eminent name engaged in providing the best solutions for TDS Consultancy Service. We offer lucrative deals.

Acknowledged for our flawless track record at customer satisfaction, our Project Report Services are trusted upon by the clients. As a primary figure, we keep our quality in agreement with our reputation. We go all-out to guard the clients from the hassles that come along with preparation of project report. Our sole aim is to smoothen this process for our clients. Our meticulousness helps us to plan well in advance as securing finance as well as founding pillars for the project ride on the project report.

 
Additional Information : A project report for new business conducts a profound road map for effectual business venture. It discusses whether the business requires finance or not, the challenging risks, several problems en route, etc. Hence it becomes vital for every new business to prepare a project report, to acquaint them on forewarning issues.

We are the leading name in the industry that provides Sales Tax Consultants services. These services are provided by the proficient team of Chartered Accountant and Lawyers who are well versed with latest concepts and knowledge to make use of best methods and approaches on offer to ensure we deliver the best consultation. Apart from all these features, we also make sure to go easy on our clients pockets by offering Haryana VAT related consultancy, compliances and registration for a nominal fee.

Additional Information : Awaited Regime of GST

The following are the salient features of the proposed pan-India Goods and Services Tax regime that was approved by the Lok Sabha by way of an amendment to the Constitution :

• GST, or Goods and Services Tax, will subsume central indirect taxes like excise duty, countervailing duty and service tax, as also state levies like value added tax, octroi and entry tax, luxury tax.

• The final consumer will bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

• As a measure of support for the states, petroleum products, alcohol for human consumption and tobacco have been kept out of the purview of the GST.

• It will have two components - Central GST levied by the Centre and State GST levied by the states.

• However, only the Centre may levy and collect GST on supplies in the course of inter-state trade or commerce. The tax collected would be divided between the Centre and the states in a manner to be provided by parliament, on the recommendations of the GST Council.

• The GST Council is to consist of the union finance minister as chairman, the union minister of state of finance and the finance minister of each state.

• The bill proposes an additional tax not exceeding 1% on inter-state trade in goods, to be levied and collected by the Centre to compensate the states for two years, or as recommended by the GST Council, for losses resulting from implementing the GST.

Keeping up with the trend of joint commitment for carrying put potential project in the form of LLP, we help the clients to switch from old concept to new compliance oriented concept in their business. Banking on the talent of our talented staff, we are immersed in offering LLP Registration Services. Clients may specify their requirements and our team executes the services in their compliance. Making use of modern techniques, we are able to execute the services well within time frame stipulated for the same. Our clients find our services an enjoyable experience.

 
Additional Information : In new trendy scenario of transparency and joint commitment to carry out potential project and switching from old concept to new compliance oriented concept, people moving to opt LLP (Limited Liability Partnership)concept to do their business.