AUDITING

• Statutory Audit: The statutory audit is carried in accordance with the provisions of Indian Companies Act, 1956, applicable Indian Accounting and Auditing Standards and in accordance with the guidelines issued by the Institute of Chartered of India.
• Tax Audit: Tax Audit is carried in accordance with the specified provisions of the Income tax laws of India and providing disclosures of relevant information in specified formats.
• Transfer Price Audit: Transfer price Audit is carried in accordance with provisions of Income Tax Act and report is issued providing disclosures of relevant information in specified formats. Transfer pricing Audit relates to the inter-company pricing arrangements between associated business entities, which should be at arm's length. The "arm's-length principle" of transfer pricing states that the amount charged by one related party to another for a given product must be the same as if the parties were not related. An arm's-length price for a transaction is therefore what the price of that transaction would be on the open market.
• Internal Audits: Internal audit to help adding value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
• Investigation Audit: Investigation Audits of the books of account for the purposes of detection of any fraud or misappropriation and compliance of terms underlying an agreement etc.
• Audit of Trust, Cooperative Societies & NGO's: Audit of Trust, co-operative societies & NGO's are carried in accordance with the specified provisions of the laws of India and providing disclosures of relevant information in specified formats.

Transfer pricing:

• ● Integration of financial markets and opening up of economies to allow free movement of goods and services has led to enormous growth in intra-group transactions.
• ● Besides drawing the attention of revenue authorities worldwide, Transfer Pricing is one of the most challenging tax issues and a key influence on a company’s worldwide tax burden.
• ● It impacts every aspect of the supply chain–R & D, procurement, manufacturing, marketing, distribution and customer support.
• ● A multinational company’s ability to keep on low effective tax rates, domestically or across multiple jurisdictions, can impact its market valuation, and the way in which the issue is handled in a transaction can be critical in determining the success of a business venture.
• ● As more and more economies take on board the concept of Transfer Pricing regulations, new rules, documentation standards and penalties are being enacted to enforce and administer the regulations. This impacts the tax planning, compliance and reporting obligations of multinationals.
• ● Evolving business structures necessitate review of Transfer Pricing models, and it is here that the Transfer Pricing solutions offered by us can help clients to achieve the desired objective.

PREACH LAW LLP.offers services in the Broad range of audit, compliance, tax and corporate service. The firm has gained long serving experience to a number of domestic Companies, Indian corporate and Firms in the field of audit, direct tax, international taxation, Transfer Pricing, Indirect tax, India entry Strategy, Formation of Joint Venture Company and wholly owned subsidiary, investment in Indian entity, due diligence study, mergers & acquisitions, project finance, compliance and advisory service on Tax, Accounts, payroll management, Companies Act and Foreign Exchange Management Act.

• Domestic Taxation:Corporate Houses, Firms and Personal Tax Planning to minimize the tax liability, computation of their total income and filing of tax returns. We also assist our clients in getting their Income Tax related documents such as PAN and TAN cards prepared by authorized agencies.
• International Taxation: Tax structuring with a view to minimize tax liability of Foreign Companies/Non-resident entities investing in India and planning to do business in India. Structuring of payment of royalty, technical know-how fee, business income and other transaction under the provisions of Indian Income Tax Act, and Double taxation avoidance treaty, with a view to minimize tax liability.
• Transfer Pricing:Assistance in planning transactions to minimize 'transfer pricing' levies by tax authorities, assist in conducting of transfer price study for enterprises engaged in the international transactions with the Associated enterprises as per the method prescribed as per the Income Tax Act.
• Indirect Tax: Compliance with law relating to Value added tax, work contact tax, Service tax, Custom, SVB and representation before Revenue authorities on the matter relating to assessment and appeals.
• Representation before Revenue Authority: Compliance and representation before Revenue authorities, Assessing Authority, Commissioner (Appeals) and the Income-tax Appellate Tribunal, Transfer pricing Authority, Transfer Pricing (Appeal), Assistance in getting, permanent Account number, Tax deduction at source number, No-Objection Certificates, Income Tax Clearance Certificates for non-resident leaving India etc.

The Indian indirect tax regime is beset with multiplicity of laws which are also constantly evolving through legislative action, departmental clarifications and judicial decisions. Further, the regime is on the verge of being placed with a more integrated system in the form of the proposed Goods and Services Tax (‘GST’). These features, coupled with the overall increased rigor in tax administration and the possible re-alignment of existing exemptions and incentive schemes result in the creation of a complex tax environment for companies operating or proposing to set up operations in.India.

• Our Indirect Tax Service offerings are tailored to assist companies in meeting the challenges that such an environment throws up. Consisting of an extensive leadership group of partners/ directors, our professionals are engaged in advising both multinational and domestic companies on various aspects impacting business, management of tax risks and in dealing with tax controversies. More specifically, we have advised companies on entry and set up strategies including the location linked tax benefits, effective use of Free Trade Agreements, optimum set-up of supply chain management and the taxes linked to creating and management of physical infrastructure.
• During the more operational phase of businesses, we have advised companies on effectively dealing with the changing laws and in re-aligning or re-structuring operations; we also advise companies on the resultant impact on sourcing patterns, pricing strategies etc and provide on call support on tax advisory, assistance in tax compliances ranging from tax computations, preparation and filing of returns, assistance with documentation requirements to support the planning and positions adopted and representations during the revenue audit and assessment procedures.
• Another increased area where we assist companies is in dealing with tax controversies; with the relative lack of clarity in some of the laws and the increased need for revenue collection, there has been a spate of tax investigation and recovery proceedings that have been initiated by the Revenue and we assist companies in dealing with these proceedings including in managing the litigation at appellate levels such as the Tribunal and High Courts.
• Our professionals team with many years of experience either in tax accounting firms, in corporate tax functions and the Revenue administration. With this combined capability, we are able to track all developments in law and tax administration and provide solutions offerings that are also easily implementable.

• Our Corporate Tax services are designed to assist companies deal with the myriad challenges arising from a complex tax environment. Balancing the need for lowering Effective Tax Rates and the mandate to Boards to manage tax risks, particularly those related to appropriate disclosures pose large challenges for companies. Additionally, the withdrawal of most tax holidays, introduction of international concepts in the law and the proposed Direct Taxes Code all mean that CFOs and Tax Directors have an added responsibility of navigating through periods of change and uncertainty, and as advisors we help manage the balance between tax and shareholders’ best interests.
• Our highly experienced team of professionals has been advising and assisting companies across a spectrum of matters relating to Tax Advisory and Planning, Compliance, Withholding Tax and Representation Services. More specifically, we provide tax solutions for complex transactions or business arrangements, tax planning for business reorganizations and Mergers and Acquisitions, supply chain reviews, on call support on tax advisory, assistance in corporate tax compliances ranging from advance tax computations, preparation and filing of returns, assistance with documentation requirements to support the planning and positions adopted and representations during the revenue audit for corporate and withholding tax matters.
• Our specialist teams gather and share knowledge of developments in tax policies and judicial pronouncements, thereby identifying potential threats as well as opportunities for innovative tax solutions.
• We also work closely with our Tax Controversy group to gather intelligence on the approach and thinking of Tribunals and Courts and dovetail such learning into our planning, advisory and compliance services.

• Our International Tax Services group assists clients in addressing complex cross-border tax challenges with respect to investment and transaction structuring, holding company structures, group intellectual property assets, financing structures, the use of treaty networks, financial instruments and planning strategies to achieve and implement sound global tax policies.
• As India takes its rightful place as an international player on the world stage, the importance of cross-border tax planning, risk mitigation and controversy management has come to the fore. Besides the administrative mechanism to resolve tax disputes, India has been increasingly accepting the use of the alternative dispute resolution mechanism for treaty-related controversy.
• Our international tax professional work with large domestic and multinational organizations to deliver a broad range of planning, advisory, compliance and dispute resolution services. In addition, we team with independent specialist international tax accounting firms, law firms, transfer pricing specialists and other service providers across the globe to render seamless client service.
• Our professionals are focused on researching and developing innovative solutions for the cross-border needs of our clients. Each of our partners has at least a decade of experience in a professional environment and is heavily networked within the worldwide international tax community.

• Preach Law and its associates are handling Tax Dispute Resolution and provides perceptive and experienced advocacy on behalf of clients in tax disputes on a pan national basis.
• Our team represents clients at all stages from assessments to administrative and appellate remedies to resolve disputes. We serve at all levels of appellate remedy from first appeals before the appellate commissioner to Tribunals, Courts as well as Authority for Advance Rulings.
• In India, where the court practice is mainly under the dominion of counsels and the tax planning and advisory practice is under the dominion of the accountants, our Tax Dispute Resolution team seeks to bridge the gap and offer unique blend of lawyers and accountants, who are involved with the clients from the planning stage to dispute resolution stage.
• Our team has rich experience in handling national and multinational clients, their international structuring of transactions, their transfer pricing policies and documentation, their connected assessments and dispute resolution.
• Our expertise in substantive and procedural law, national and international practices helps us to evolve a coherent and consistent strategy to dispute resolution.
• PREACH LAW LLP Tax Dispute Resolution Practice comprises lawyers, accountants and economists who carry long and successful track record of assisting taxpayers on a broad array of domestic and international tax issues.  We work on seamless basis to assist clients in resolving tax controversies.

PREACH LAW LLP offers services in the Broad range of audit, compliance, tax and corporate service. The firm has gained long serving experience to a number of multinational Companies, foreign national and Indian corporate and Firms in the field of audit, direct tax, Transfer Pricing, Indirect tax, India entry Strategy, Formation of Joint venture Company and wholly owned subsidiary, investment in Indian entity, due diligence study, mergers & acquisitions, project finance, compliance and advisory service on Tax, Accounts, payroll management, Companies Act and Foreign Exchange Management Act. The some specific corporate services offered and described here in below:

• India Entry Services: We assist companies plan and execute their India strategy for succeeding in the long run. We assist the Company in determine various investment options, joint venture, wholly owned subsidiary, joint venture partner, Branch Office, Project Office, Liaison Office, and assistance in structuring of the Indian business, assistance in drafting of shareholders Agreement, Joint venture Agreement, Technology transfer Agreement, requisite approvals and clearances from the Ministry of corporate Affairs, Reserve Bank of India, Ministry of Industry, Foreign Investment promotion Board and other Central Govt. approvals.
• Due Diligence: We carry an investigation of a potential investment to confirm all material facts in regards to investment in existing venture. It helps in preventing unnecessary harm to either party involved in a transaction. Our due diligence services extends to Financial due diligence, direct tax due diligence, Indirect tax due diligence and corporate due diligence services.
• Mergers & Acquisitions: We advise and assist Company in entire merger and amalgamation process, drafting merger agreement, representation of case before Registrar of Companies, Regional directorate, Official Liquidators.
• Business Valuation: We assist the potential investor for existing business and in the case of merger and amalgamation of the Company to determine the fair value of the equity share of the Company and determine swap ratio of equity share of Companies under merger & amalgamation.
• Project Finance: We provide funding advisory services for range of requirements of our clients; starting from assessment of client requirements, preparation of project reports / financial statements till finalization of funding and disbursement. We have liaison with various banks, financial institutions and other funding agencies and have expertise in the procedures adopted by them for the funding process.

PREACH LAW LLP offers services in the Broad range of audit, compliance, tax and corporate service. The firm has gained long serving experience to a number of multinational Companies, foreign national and Indian corporate and Firms in the field of audit, direct tax, international taxation, Transfer Pricing, Indirect tax, India entry Strategy, Formation of Joint venture Company and wholly owned subsidiary, investment in Indian entity, due diligence study, mergers & acquisitions, project finance, compliance and advisory service on Tax, Accounts, payroll management, Companies Act and Foreign Exchange Management Act.

• Accounts & MIS: PREACH LAW LLP prepare and maintain books of accounts and financial records for the Companies and others in compliance with the Group reporting requirements of the Companies and in compliance with the local statutory requirements. We assist the Multinational Companies in India in preparation and submission of monthly, quarterly and annual financial report to the head office and related assistance.
• Payroll Management: Our teams assist Companies for development of employee rules & regulations, leave rules and assist in the preparation and maintenance of employee payrolls.
• Tax Deduction at Source: We assist in compliance of provisions relating to tax withholding on salary, contractor, rental, royalties / technical services, interest, dividend and professional payments
• Fringe Benefit Tax: We assist Company in compliance of provisions relating to Fringe Benefit tax on various applicable expenses and quarterly payment of FBT.
• Advance Tax: We assist Company in determining of advance tax on the total income of the Company and quarterly payment of Advance Tax.
• Secretarial Compliance: We advise and provide assistance in compliance of various provisions of Indian Companies Act and Foreign Exchange Management Act as specified under the Indian Company Act and under the provision of FEMA. The service we render includes:
• ● Opinion on various Company law related issues.
• ● Participation and assistance in the holding of the Board Meeting, Annual General Meeting, Extra-ordinary General meeting.
• ● Drafting of Minutes of the Board Meeting, Annual General Meeting, Extra-ordinary General meeting.
• ● Maintenance and Advising on the secretarial records.
• ● Appearance before Registrar of Companies, Regional Directorate and Company law Board on the various matters and provisions relating to the Companies Act, 1956.
• ● Appearance before Reserve Bank of India on the various matters and provisions relating to the FEMA.
• Appearance and representation before Security and Exchange Board of India & Stock Exchange.

• ● Corporate Law Advisory, Corporate Compliance Management AdvisoryServices for Public, Private, OPC and LLP Organization.
• ● Secretarial Audit / Due Diligence Audit / Corporate Governance Compliance Certification Services.
• ● Advisory Services for Initial Public Offer, Right Offer, Preferential Offer, Public Offer through Book-Building.
• ● Process, Capital Restructuring, Public, Private and Preferential offer of Tax Free Bonds.
• ● XBRL Data Conversion & E-filing of Corporate Returns with MCA and other Statutory Authorities.
• ● Corporate Restructuring, Valuation & Strategic Advisory service Including Merger, Demerger, Amalgamation & Takeover Advisory Services.
• ● Project Management, Profitability Analysis Study & Financial Advisory Services.
• ● Implementation of Strategic Issues including preparation of documents, submission and appearances thereof before various regulatory authorities such as Ministry of Corporate Affairs, ROC, CLB, RD, NCLT etc.
• ● India Entry Advisory Services, FEMA Compliance Management Services, Branch / Liaison office Formation & Compliance, Joint Venture, Company Incorporation & Management, Advisory services for seeking approval from Secretarial for Industrial Assistance (SIA) / Foreign Investment Promotion Board (FIPB) & E-filling Of International & Indian Corporate Returns.
• ● Intellectual Property Right Related Services viz Compliance Management of Trade Mark, Copy Rights & Patents.
• ● Virtual Office Management Services.
• ● Accountancy, Direct and Indirect Taxation & E-filing Compliance and Management Services.