Bharath and Associates Chartered Accountants

The firm is committed to providing the highest standards of professional services across the entire value chain from Accounting to Consulting with integrity that is cost effective to the end client and offers a satisfying work experience for its staff.

We are structured to render specialized, value-added services to cater to the needs of our clientele. Our services include the following:

 Income Tax:

• Consultancy on various intricate matters pertaining to Income tax.
• Effective tax management, tax structuring and advisory services.
• Tax Planning for Corporates and others.
• Designing / restructuring salary structure to minimise tax burden.
• Obtaining Advance tax Rulings.
• Obtaining No Objection Certificates from Income tax department.
• Obtaining PAN for assessees, employees etc.
• Advance tax estimation and deposit.
• Assessing the liability towards deferred taxes.
• Providing regular updates on amendments, circulars, notifications & judgments.
• Filing Income Tax and Wealth Tax returns for all kinds of assessees.
• Filing Income tax returns for employees of corporate clients.
• Services of assessment, rectification, obtaining refunds etc.
• Expertise in complicated direct tax assessments.
• Filing and pleading appeals under various provisions of IT Act.
• Special expertise in search, seizure and prosecution litigation.
• Advice on future tax implications in respect of the potential acquisition.
• Opinions on the various Double Tax Avoidance Agreement related issues.
• PAYROLL & PAYROLL RELATED SERVICES Complete Payroll services.
  Operating Payroll Helpdesk services, guiding employees on Company’s Payroll Policy, Tax Planning and Investments Planning.
  Validation of Investment proofs submitted by Employees to enable the company for correct deduction of Tax so that existing Payroll team is not overburdened and company need not appoint extra personnel.
  Serving as “Face of Payroll” so that Payroll team works without too many interruptions.

 Accounting Services

• Accounting System Design & Implementation
• Financial Accounting
• Budgeting
• Financial Reporting
• MIS Reports
• Financial Analysis
• Asset Accounting Management
• Depreciation and Amortization Schedules
  Broadly, Audit involves the following :
• Indepth study of existing systems, procedures and controls for proper understanding.  Suggestions for improvement and strengthening.
• Ensuring compliance with policies, procedures and statutes.
• Comprehensive review to ensure that the accounts are prepared in accordance with Generally Accepted Accounting Policies and applicable Accounting Standards/IFRS.
• Checking the genuineness of the expenses booked in accounts.
• Reporting inefficiencies at any operational level.
• Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence. 
• Certification of the books of account being in agreement with the Balance Sheet and Profit and Loss Account.
• Issue of  Audit Reports under various laws.

 Auditing Services

Types of Audits conducted

• Statutory Audit of Companies
• Tax Audit under Section 44AB of the Income Tax Act, 1961.
• Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80-IA, etc.
• Concurrent Audits.
• Revenue Audit of Banks.
• Branch Audits of Banks.
• Audit of PF Trusts, Charitable Trusts, Schools, etc.
• Audit of Co-operative Socities.
• Information System Audit
• Internal Audits.

 Corporate Finance

• Preparations of Project Reports
• Preparation of CMA data for bank loans
• Private placement of shares, Inter-Corporate Deposit, Terms loans, working capital limits, etc
• External Credit Borrowings (ECBs)

 Service Tax

• Registration under Service tax.
• Consultancy for maintenance of proper records.
• Consultancy for proper accounting for Service tax.
• Consultancy on various issues relating to Service Tax.
• Compilation of data of Cenvat credit.
• Assistance in availment of notified Abatements.
• Utilization and availment of service tax credit in accordance with the Cenvat Credit Rules, 2004.
• Computation of Service tax payable.
• Preparation and filing Returns.
• Getting assessments done

 VAT

• Getting Sales Tax Registration under Central Sales Tax Act and Delhi VAT.
• Consultancy on matters related to Sales Tax including Tax planning.
• Preparation of  VAT (Value Added Tax) returns.
• Filing of  Electronic/Manual  VAT returns
• Help in obtaining statutory forms.
• Liaison with  VAT authorities 
  Getting Sales Tax Assessments done.
• Filing and pleading appeals  wherever necessary.
• Consultancy on matters related to Delhi Works Contract Tax Act 1999.