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Bookkeeping Services
Financial
Bookkeeping Services
We are an expert in providing financial bookkeeping
services. We have track record of our outstanding performances in the past.
We are more efficient and more affordable. The following will give you some
idea about what we do in financial bookkeeping services:
- Accounting Reconciliation - It is an act to confirm that the
account balance in your checkbook matches the corresponding bank
statement.
- General Ledger Maintenance - Outsourcing general ledger
maintenance allows you to concentrate more on your core activities.
- Payroll Processing - Calculating the wages and deductions,
correcting the payroll errors by keeping updated with tax law changes is
a challenging and time taking work that requires outstanding execution
skills.
- Cash Flow Management - This plays key role in the success of
any business. It is also important for your business's ability in
delivering goods or services.
- Credit Card and Bank Reconciliation - Most companies
regularly issue thousands of checks, make many deposits and receive many
receipts from customers. Reconciling the company's books with the amount
on the bank statement is a bit complicated process.
- E-Accounting - It is the application of online and Internet
technologies to the business accounting function.
- Single Entry System- We make your bookkeeping quick, easy and
also affordable. This system of ours is suitable for small businesses
like proprietors, partnerships etc.
- Accounting data entry & Administration-We have qualified
and skilled professionals, state-of-the-art technology and process to
organize your company's financial information in one secure site.

Consultancy
We provide expert consultancy services to the foreign
companies like USA and Canada. Any matter related to tax, we give correct
and useful guidance. We also handle all critical, comprehensive and
exhaustive paper work that requires much care. Our services will save your
time and ensures fast and hassle free execution.
We offer all the services from tax return preparation to information of
business setup in India. We also do consultancy on related licensing work
for different types of your would be establishment in India like branch
office, project/ site office etc. Our consultancy services are provided by
expert professionals round the clock.
Investment
in India
How and where to invest in India, we give you expert
guidance. There are different entry options for foreign investors in India.
Several measures have been announced in 1998-99 to boost FDI. For few
projects like electricity generation, vehicular tunnels, bridges, 100 per
cent foreign equity participation was permitted under the automatic route.
In the same year GDR/ ADR guidelines was further liberalised.
- FDI - Foreign Direct Investment is allowed upto 100% under the
automatic route in most activities/ sectors. This policy is reviewed on
an ongoing basis and measures for further liberalization.
- Portfolio Investment Scheme - Foreign Institutional Investors (FIIs)
that are registered with SEBI are eligible to purchase shares and
convertible debentures under the Portfolio Investment Scheme.
- 100% Export Oriented Units (EOUs) and Special Economic Zones (SEZs) -
The Development Commissioners (DCs) of SEZs accord automatic approval to
projects where:
- Activity proposed does not attract compulsory licensing or falls in
services sector other than Software & IT enabled services
- Locations in conformity with the prescribed parameters
- Units undertake for achieving positive net foreign exchange earnings.
The entry options for foreign investors are as given below:
By incorporating a company under the Companies Act through:
- Joint Ventures or
- Wholly Owned Subsidiaries
As a foreign Company through:
- Liaison Office/ Representative
- Office Project Office
- Branch Office
Liaison/ Representative Office: This is the main
practice for foreign companies to enter the Indian markets. They are allowed
to undertake business activity in India but cannot earn any income here. The
role is to collect information about market opportunities and provide
information about their company and products to prospective Indian
customers. They are permitted by RBI and may carry out the following
permitted activities:
- Representing in India the parent company or group companies
- To conduct any research work in those areas in which the parent
company is engaged.
- Promoting export import from/ to India.
- Promotion of technical/ financial collaborations between parent or
group companies and companies in India.
- Rendering services in Information technology and development of
software in India .
- Acting as a communication channel between the parent company and
Indian companies.
Project Office: Foreign companies can execute
specific projects in India and can set up temporary site offices here. RBI
approval is required for this.
By Forming a Company in India: The foreign
companies may set up either Joint Ventures or Wholly Owned Subsidiaries in
India. The foreign equity in such companies of India may be up to 100%.
Tax
Planning
Often it is seen that NRIs end up in paying higher taxes.
This is just because of ignorance about the latest tax laws of the country
and special tax advantages available to them. Here, at NKA we guide our
clients on various tax exemptions, tax deductions, rebates and also protect
their foreign income being taxed in India.
Various tax planning, suggestions and guidelines by our experts help our
NRI clients to make investment in India in such a manner where the income of
their spouse, major children, major grand-children etc. in not added to
his/her income as a NRI.
Undermentioned are our elaborated expert guidance to
the NRIs:
- Tax-exempt items of income and wealth for NRIs.
- Special tax deductions and rebates available to the NRIs.
- How to avoid the clubbing of income and wealth
- How they can tax-proof their capital gains.
- How they can make tax-exempt gifts to friends and relatives in India.
- Guide them with the procedure for filing and assessment of NRIs tax
returns.
- Benefits of banking their money in India.
- Permissible and non-permissible investments under FEMA (Foreign
Exchange Management Act).