Outbound Secondment in Karol Bagh

NON-RESIDENT TAXATION AND FEMA COMPLIANCES

#Outboundsecondment #Inboundsecondment #Exptriatetaxation #NRIincometaxreturn #Foreigntaxcredit #Nonresident

We can help Non Resident Indians (NRI) in various ways in respect of their taxation concern’s and investment in India specifically apart from other services. We understand that a non-resident Indian is sitting abroad but still he/ she has lots of concerns for India like income tax for income generated in India, purchase and sale of property in India, opening of office in India, investment in India, Remittances of funds etc. Since it is not very easy and possible for them to visit India very often for all these purposes, we help them acting on their behalf and provide all required services in a professional manner. We act as authorized representative for Non Resident Indians (NRI). We understand their requirements, discuss with them in detail on Phone, E-Mail, Skype, etc. and perform the required activity on their behalf in a safe and professional manner which saves their time and cost.

We are available for any kind of Tax, FEMA / RBI Related Services and legal services for Non Resident Indians. NRI need not visit India for all the purposes stated above and we shall perform all activities on their behalf so that they can save their precious time and cost on one hand and to get top class professional services on the other.


Some of the services that we offer are:
Taxation: Filing of Income Tax Returns and helping NRI's to comply with all statutory compliances. Coordinating with the Tax Practitioner (associated with us or your own) in your home country with respect to Double Taxation-Returns, FATCA, Double Tax Credits, etc.


Remittances: Remittances / Repatriation of Funds to your Home Country from sale / disposal of your Financial Assets and Property in India after payment of due taxes in India and coordination with your Bankers to facilitate all documentation as required by RBI.


Advisory: Advising on Taxation aspects of your Income accrued and received in India including providing some useful Tax Planning ideas. Any specific advice required in relation to FEMA/RBI matters.


Inheritance, Will's & HUF: Professional support in preparing will, nominations, HUF / HUF Formation Deed so that wishes of NRI's parents and close relatives are fulfilled and executed as per their instructions.


Associated Services: NRIs who wish to ascertain Title of their Property, Stamp Duty (Circle Rate) valuation, likely Tax liability so that they can decide sale / disposal of Assets (Financial Assets and Property) we will assist in coordinating with local experts (Property Lawyer, Property Broker of local area) of the respective field.


Mandate: NRI`s may require specific Services and execution or Implementation of these Instructions in a manner that fulfils the mandate. These would be carried out at a local level using services of qualified professionals in a legitimate way. Time and cost would depend upon the complexity of mandate and associated cost.

Thanks & Regards
CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants 

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/non-resident-taxation-and-fema-compliances.html

Outbound Secondment in Gurgaon

NON-RESIDENT TAXATION AND FEMA COMPLIANCES

#Outboundsecondment #Inboundsecondment #Expatriatetaxation #NRIincometaxreturn #Foreigntaxcredit #Nonresident

We can help Non Resident Indians (NRI) in various ways in respect of their taxation concern’s and investment in India specifically apart from other services. We understand that a non-resident Indian is sitting abroad but still he/ she has lots of concerns for India like income tax for income generated in India, purchase and sale of property in India, opening of office in India, investment in India, Remittances of funds etc. Since it is not very easy and possible for them to visit India very often for all these purposes, we help them acting on their behalf and provide all required services in a professional manner. We act as authorized representative for Non Resident Indians (NRI). We understand their requirements, discuss with them in detail on Phone, E-Mail, Skype, etc. and perform the required activity on their behalf in a safe and professional manner which saves their time and cost.

We are available for any kind of Tax, FEMA / RBI Related Services and legal services for Non Resident Indians. NRI need not visit India for all the purposes stated above and we shall perform all activities on their behalf so that they can save their precious time and cost on one hand and to get top class professional services on the other.


Some of the services that we offer are:
Taxation: Filing of Income Tax Returns and helping NRI's to comply with all statutory compliances. Coordinating with the Tax Practitioner (associated with us or your own) in your home country with respect to Double Taxation-Returns, FATCA, Double Tax Credits, etc.


Remittances: Remittances / Repatriation of Funds to your Home Country from sale / disposal of your Financial Assets and Property in India after payment of due taxes in India and coordination with your Bankers to facilitate all documentation as required by RBI.


Advisory: Advising on Taxation aspects of your Income accrued and received in India including providing some useful Tax Planning ideas. Any specific advice required in relation to FEMA/RBI matters.


Inheritance, Will's & HUF: Professional support in preparing will, nominations, HUF / HUF Formation Deed so that wishes of NRI's parents and close relatives are fulfilled and executed as per their instructions.


Associated Services: NRIs who wish to ascertain Title of their Property, Stamp Duty (Circle Rate) valuation, likely Tax liability so that they can decide sale / disposal of Assets (Financial Assets and Property) we will assist in coordinating with local experts (Property Lawyer, Property Broker of local area) of the respective field.


Mandate: NRI`s may require specific Services and execution or Implementation of these Instructions in a manner that fulfils the mandate. These would be carried out at a local level using services of qualified professionals in a legitimate way. Time and cost would depend upon the complexity of mandate and associated cost.

Thanks & Regards
CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants 

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/non-resident-taxation-and-fema-compliances.html

RBI Reporting in Karol Bagh

RBI FIRMS APPLICATION

#FDI #FCGPR #RBICompliances #Increaseinsharecapital #Allotmentofshares

Foreign investment in India - Reporting in Single Master Form (SMF)
Reserve Bank is introducing an online application, FIRMS (Foreign Investment Reporting and Management System), which would provide for the SMF. FIRMS would be made online in two phases. In the first phase, the first module viz., the Entity Master, was made available online. Instructions in this regard were already issued through A. P. Dir. Series Circular No. 30 dated June 07, 2018.

1.1 In the second phase, the second module is being made available with effect from September 01, 2018. With the implementation of SMF, the reporting of FDI, which is presently a two-step procedure viz., ARF and FC-GPR is merged into a single revised FC-GPR. At present five forms viz., FC-GPR, FC-TRS, LLP-I, LLP-II and CN are being made available for filing in SMF. The other four forms viz., ESOP, DI, InVi and DRR would be made available subsequently. With effect from September 01, 2018, all new filings for the above 5 forms have to be done in SMF only.

1.2 The first module was made available to the public for data entry between June 28 (at 1:00 PM) and July 12, 2018. The date was extended till July 20, 2018. For those companies which could not register within the stipulated time period may register for the entity master with effect from September 01, 2018. However, they shall provide the reasons for not making registration within the time period along with the authority letter.

Definitions
1. FIRMS: An online reporting platform for reporting of foreign investment in India in SMF. FEMA 20(R) prescribes for the reporting of foreign investment in India through various returns. FIRMS provides a one stop shop, 24*7 online reporting facility for the applicant.

2. SMF: A master form which provides for the reporting of 9 forms for foreign investment viz., FC-GPR, FC-TRS, LLP-I, LLP-II, CN, DRR, ESOP, DI, InVi. With effect from September 1, 2018, five forms viz., FC-GPR., FC-TRS, LLP-1, LLP-II and CN would be made available. Other four forms viz., ESOP, DI, DRR and InVi would be made available subsequently.

3. E-KYC: Every business user has to be eKYC verified before any reporting can be made in the Single Master Form. This would ensure that only genuine Logins are made available in the FIRMS application. All eKYC would be verified by the AD banks.

Important things:-

FC-GPR: FCGPR is for allotment of equity shares etc. for FDI! Now filling of two separate forms namely ARF & FC-GPR not required, whereas within 30 days from receipts of foreign onwards remittance need to file FC-GPR through FIRMS Portal.

Whether previosly FC-GPR not submitted in time?
We can file compounding application to RBI!!

An Indian company issuing capital instruments to a person resident outside India and where such issue is reckoned as Foreign Direct Investment, has to issue the same within 60 days (now within 30 days in SMF) from the date of receipt of amount of consideration and shall report such issue in Form FC-GPR to the Regional Office concerned of the Reserve Bank under whose jurisdiction the Registered office of the company operates, not later than thirty days from the date of issue of capital instruments. Issue of participating interest/ rights’ in oil fields shall be reported in Form FC-GPR.

If this is the first time non-reporting in time, file an application of compounding of offence with RBI.

We can assists your organisation for RBI compliance part.

CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/rbi-reporting.html

RBI Reporting in Gurgaon

RBI FIRMS APPLICATION

#FDI #FCGPR #RBICompliances #Increaseinsharecapital #Allotmentofshares

Foreign investment in India - Reporting in Single Master Form (SMF)
Reserve Bank is introducing an online application, FIRMS (Foreign Investment Reporting and Management System), which would provide for the SMF. FIRMS would be made online in two phases. In the first phase, the first module viz., the Entity Master, was made available online. Instructions in this regard were already issued through A. P. Dir. Series Circular No. 30 dated June 07, 2018.

1.1 In the second phase, the second module is being made available with effect from September 01, 2018. With the implementation of SMF, the reporting of FDI, which is presently a two-step procedure viz., ARF and FC-GPR is merged into a single revised FC-GPR. At present five forms viz., FC-GPR, FC-TRS, LLP-I, LLP-II and CN are being made available for filing in SMF. The other four forms viz., ESOP, DI, InVi and DRR would be made available subsequently. With effect from September 01, 2018, all new filings for the above 5 forms have to be done in SMF only.

1.2 The first module was made available to the public for data entry between June 28 (at 1:00 PM) and July 12, 2018. The date was extended till July 20, 2018. For those companies which could not register within the stipulated time period may register for the entity master with effect from September 01, 2018. However, they shall provide the reasons for not making registration within the time period along with the authority letter.

Definitions
1. FIRMS: An online reporting platform for reporting of foreign investment in India in SMF. FEMA 20(R) prescribes for the reporting of foreign investment in India through various returns. FIRMS provides a one stop shop, 24*7 online reporting facility for the applicant.

2. SMF: A master form which provides for the reporting of 9 forms for foreign investment viz., FC-GPR, FC-TRS, LLP-I, LLP-II, CN, DRR, ESOP, DI, InVi. With effect from September 1, 2018, five forms viz., FC-GPR., FC-TRS, LLP-1, LLP-II and CN would be made available. Other four forms viz., ESOP, DI, DRR and InVi would be made available subsequently.

3. E-KYC: Every business user has to be eKYC verified before any reporting can be made in the Single Master Form. This would ensure that only genuine Logins are made available in the FIRMS application. All eKYC would be verified by the AD banks.

Important things:-

FC-GPR: FCGPR is for allotment of equity shares etc. for FDI! Now filling of two separate forms namely ARF & FC-GPR not required, whereas within 30 days from receipts of foreign onwards remittance need to file FC-GPR through FIRMS Portal.

Whether previosly FC-GPR not submitted in time?
We can file compounding application to RBI!!

An Indian company issuing capital instruments to a person resident outside India and where such issue is reckoned as Foreign Direct Investment, has to issue the same within 60 days (now within 30 days in SMF) from the date of receipt of amount of consideration and shall report such issue in Form FC-GPR to the Regional Office concerned of the Reserve Bank under whose jurisdiction the Registered office of the company operates, not later than thirty days from the date of issue of capital instruments. Issue of participating interest/ rights’ in oil fields shall be reported in Form FC-GPR.

If this is the first time non-reporting in time, file an application of compounding of offence with RBI.

We can assists your organisation for RBI compliance part.

CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/rbi-reporting.html

Payroll Outsourcing in Karol Bagh

PAYROLL OUTSOURCING

#Payrolloutsourcing  #Form16 #TDSreturn #CARetainer

At Global Taxation we transform payroll & pension administration for your company with a scalable, cost-effective solution. Payroll outsourcing allows you to hand over the responsibility for managing payroll maintenance and taxation risks to specialists with enough resources to monitor the situation and respond accordingly.

What we include in Outsourcing Your Payroll function:

• HR Policies: Assistance in framing HR Policies for the organisation
• Employment Contract: Assistance in structuring the employment contract with the employee
• CTC Structuring: Assistance in framing the salary structure to ensuring maximum tax efficiency and in best interests of the organisation
• Expenses Reimbursement: Calculating and verifying reimbursement to employees i.e. Travelling Expenses, Medical Expenses etc.
• TDS/ESI/PF Deduction: Accurate and timely deduction in accordance with Statutory Legislation
• Salary Payout: Salary calculation & payout to employees on timely basis
• Pay in Slip: Emailing pay slip to employees on timely basis
• Help desk: Resolving employee(s) queries with their payout, reimbursement, tax calculation and termination
• Report & Analytics: Detailed employee payout reports in order to support business decision

Payroll Processing Includes:

• We use Cloud based software's in order to integrate each and every aspect of HR Function
• User friendly online interface for administrator and employees
• Visit of our HR Specialist on Weekly/Monthly basis
• Timely customer support for query resolving

Advantages For You:
As per the procedure adopted by us, we shall retrieve data from you in one of the following modes:

• Least processing cost of your payroll
• Focus on the core business
• Relived from statutory compliance
• Accuracy of payouts and on timely basis
• Employee Document management
• Security and confidentiality of sensitive payroll information
• Complete cloud based and secured integrated HR Function

CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/payroll-outsourcing.html

Payroll Outsourcing in Gurgaon

PAYROLL OUTSOURCING

#Payrolloutsourcing  #Form16 #TDSreturn #CARetainer

At Global Taxation we transform payroll & pension administration for your company with a scalable, cost-effective solution. Payroll outsourcing allows you to hand over the responsibility for managing payroll maintenance and taxation risks to specialists with enough resources to monitor the situation and respond accordingly.

What we include in Outsourcing Your Payroll function:

• HR Policies: Assistance in framing HR Policies for the organisation
• Employment Contract: Assistance in structuring the employment contract with the employee
• CTC Structuring: Assistance in framing the salary structure to ensuring maximum tax efficiency and in best interests of the organisation
• Expenses Reimbursement: Calculating and verifying reimbursement to employees i.e. Travelling Expenses, Medical Expenses etc.
• TDS/ESI/PF Deduction: Accurate and timely deduction in accordance with Statutory Legislation
• Salary Payout: Salary calculation & payout to employees on timely basis
• Pay in Slip: Emailing pay slip to employees on timely basis
• Help desk: Resolving employee(s) queries with their payout, reimbursement, tax calculation and termination
• Report & Analytic: Detailed employee payout reports in order to support business decision

Payroll Processing Includes:

• We use Cloud based software's in order to integrate each and every aspect of HR Function
• User friendly online interface for administrator and employees
• Visit of our HR Specialist on Weekly/Monthly basis
• Timely customer support for query resolving

Advantages For You:
As per the procedure adopted by us, we shall retrieve data from you in one of the following modes:

• Least processing cost of your payroll
• Focus on the core business
• Relived from statutory compliance
• Accuracy of payouts and on timely basis
• Employee Document management
• Security and confidentiality of sensitive payroll information
• Complete cloud based and secured integrated HR Function

CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/payroll-outsourcing.html

Accounting Outsourcing in Karol Bagh

ACCOUNTING OUTSOURCING

#AccountsOutsourcing #functionsofaccountingoutsourcing #AdvantagesofAccountingoutsourcing

We are focused at reducing the costs that our clients incur in their entire financial activities other than saving on their time, and thus, increasing their productivity.

The clients can outsource their entire bookkeeping to us and focus on their business. We function like customers' virtual back-office for all their bookkeeping and accounting work beginning from setting up the accounting software to support and from maintenance to consultancy as far as their business financials are concerned.

What Accounting Functions you outsource to us :

• Invoice Processing service
• Bank Account reconciliation
• Tax Return Filing/GST/VAT
• Debtor Management
• Creditor Management
• Credit card reconciliation services
• Day to Day Accounting data entry
• Balance Sheet preparation
• Profit & Loss (Income ) statement
• Expense management report
• Preparing Sales report
• Preparing Purchases report
• General Ledger maintenance
• Expenses Ledger maintenance
• Cash Flow management
• Inventory management

What advantages you draw from us:

Requirements of Bookkeeping	In House Bookkeeper	Outsourced Bookkeeping
24*7 Maintenance	No	Yes
Backup in case of extra work load	No	Yes
Minimum Costs	No	Yes
Accuracy	Yes	Yes
Employee Benefits to pay	Yes	No
Employee Turnover/Termination	Yes	No
Vast Industry Experience	No	Yes
Complete Domain Coverage	No	Yes

How do we Function :
As per the procedure adopted by us, we shall retrieve data from you in one of the following modes:

• Remote Access
• Uploading and Downloading through SSL
• Transfer of the data through e-mail
• Dropbox
• Google Drive
• Weekly/Monthly visit of our Accounting Expert

We use cloud based accounting software i.e. Quick Books, XERO, Tally ERP which work online, on real time basis.

Once we receive the data we process the same which you can view through your login account.

CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/accounting-outsourcing.html

Accounting Outsourcing in Gurgaon

ACCOUNTING OUTSOURCING

#AccountsOutsourcing #functionsofaccountingoutsourcing #AdvantagesofAccountingoutsourcing

We are focused at reducing the costs that our clients incur in their entire financial activities other than saving on their time, and thus, increasing their productivity.

The clients can outsource their entire bookkeeping to us and focus on their business. We function like customers' virtual back-office for all their bookkeeping and accounting work beginning from setting up the accounting software to support and from maintenance to consultancy as far as their business financials are concerned.

What Accounting Functions you outsource to us :

• Invoice Processing service
• Bank Account reconciliation
• Tax Return Filing/GST/VAT
• Debtor Management
• Creditor Management
• Credit card reconciliation services
• Day to Day Accounting data entry
• Balance Sheet preparation
• Profit & Loss (Income ) statement
• Expense management report
• Preparing Sales report
• Preparing Purchases report
• General Ledger maintenance
• Expenses Ledger maintenance
• Cash Flow management
• Inventory management

What advantages you draw from us:

Requirements of Bookkeeping	In House Bookkeeper	Outsourced Bookkeeping
24*7 Maintenance	No	Yes
Backup in case of extra work load	No	Yes
Minimum Costs	No	Yes
Accuracy	Yes	Yes
Employee Benefits to pay	Yes	No
Employee Turnover/Termination	Yes	No
Vast Industry Experience	No	Yes
Complete Domain Coverage	No	Yes

How do we Function :
As per the procedure adopted by us, we shall retrieve data from you in one of the following modes:

• Remote Access
• Uploading and Downloading through SSL
• Transfer of the data through e-mail
• Dropbox
• Google Drive
• Weekly/Monthly visit of our Accounting Expert

We use cloud based accounting software i.e. Quick Books, XERO, Tally ERP which work online, on real time basis.

Once we receive the data we process the same which you can view through your login account.

CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/accounting-outsourcing.html

LLP Compliances in Karol Bagh

LLP COMPLIANCE

#LLPAudit #FillingwithregistrarofLLP #Incometax

Annual statutory compliances by an LLP
All the Limited Liability Partnership’s (LLP) Registered under the LLP Act 2008 are required to file the following returns mandatorily whether the LLP do business or not.

A. FILING WITH REGISTRAR OF LLP
1. Filing of Annual Return : An LLP is required to file the Annual Return with the Registrar of LLP (Form 11) within 60 days of closure of its financial year. An LLP has to close its financial year on every 31st March. So, the Annual Return is to be filed on or before 30th May every year.

2. Filing of Annual Accounts : Every LLP has to maintain books of accounts as per double entry system of accounting and prepare a Statement of Accounts and Solvency (Accounts) every year ending on 31st March. LLP has to file such Accounts to the Registrar of LLP (Form 8) within 30 days from the end of 6 months of such financial year. So, the filing of Accounts is to be filed on or before 30th October every year.

In case of an LLP whose annual turnover exceeds Rs.40 lakhs or whose contribution exceeds Rs.25 lakhs, shall be required to get its accounts audited by a qualified Chartered Accountant.

B. INCOME TAX
As per Income Tax Act, LLP has to close its financial year as on 31st March every year and has to file the returns with Income Tax Department.

In case of LLP whose annual turnover is more than Rs.1 Crore, the accounts have to be audited as required under Income Tax Act as well.

A LLP have to file its Income tax Returns on or before the due dates as follows:

LLP whose accounts are not required to be audited under any Law	31st July of every year
LLP whose accounts are subject to Audit under any Law	30th September of every year or such other date as may be notified by the Income Tax authorities.

---

We at Global Taxation help you out in taking care of LLP Legal Compliances in most cost efficient manner.

CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 Website- www.globaltaxation.in
More Details-http://www.globaltaxation.in/llp-compliance.html