The Company is required to file the Income tax return as per the provisions of the Income-tax Act, 1961. In pursuance of the said Act, the Company is also required to deposit the Advance Tax in 4 quarterly installments.

The Company will be under an obligation to withhold taxes from the payments made towards salaries, contractual obligations, fee for professional services, rent etc. The taxes so withheld need to be deposited with the tax authorities within the stipulated time limits prescribed under the Indian Income Tax Act, 1961. In this connection, our services would include the following

• Review of income and expenses of the Company to determine the advance tax liability, if any, and advising about the amounts to be deposited and due dates.
• Withholding tax on all payments as per applicable tax rules.
• Deposit of the taxes so withheld, with the tax authorities on a timely basis.
• Review of transactions for the month to ensure that proper withholdings have been made.
• Preparation and filing of pay-roll withholding tax, rent withholding tax, professional services withholding tax and contractual withholding tax returns.
• Preparation and issue of withholding tax certificates to vendors and filing of quarterly returns.
• Assistance in deduction of professional tax from the employee’s salaries, depositing the same with the authorities on a monthly basis and filing of monthly and annual returns with the Profession Tax Department.

Mendons Consultancy Services will offer assistance on the following issues as part of the on going compliance requirement.

• Filing of VAT returns, establishing accounting mechanism in financial system to ensure tax credits on periodic basis.
• Assistance in obtaining approvals like CT-3, procurement certificate, shifting etc from customs.
• Compliance with Service Tax matters, Returns and establishing accounting mechanism in financial system to ensure tax credits on periodic basis.
• Compliance with the Customs regulations.

Drafting notices and minutes of meetings of the Board of Directors and Shareholders based on the agenda and information given by the Company for conducting business as per the requirements of Companies Act, 1956.

• Drafting of Director’s Report under Section 217 of the Companies Act, 1956.
• Filing of Returns and Forms and Annual Returns with the Registrar of Companies as required by the Companies Act, 1956.
• Filing of Returns and Forms and liaison with the Reserve Bank of India as required by the Foreign Exchange Management Act, 1999 in so far as it relates to issue and allotment of shares.
• Pro-active advice on matters connected with the Companies Act, 1956 to the extent we believe are significant to your business.
• Any other routine matter regarded as part of the Company Secretarial function.
• Assistance in compliance with RBI/Exchange control regulations as regards routine business of the Company.
• Assisting in establishing unit as STPI/SEZ, related registration and ongoing compliance.