CLAAT Corporate Advisors LLP (Chhota CFO)

With the expansion of your business, the scope and value of your business are also likely to grow.

Virtual accounting is one such service that will help businesses deal better with the help of qualified accountants who shall handle it remotely and are available for assistance anytime.

Why Virtual Accounting ?

It is because Chhota CFO, your virtual accountant shall be flexible, efficient and cost-effective.

Company Formation is first crucial step and decision making for a business.

Chhota CFO shall assist you in identification the form of business to start off based on the nature and size of the business.

The forms of business entities widely are :

1. Proprietorship
2. Partnership
3. Private Limited Company /One Person Company/ Public Company
4. Limited Liability Partnership (LLP)
5. Foreign Company/ Subsidiary Company
6. Nidhi Company
7. Section 8 Company (NGO)

Chhota CFO will assist in complete set up of company formation and the required licenses based on the type of the industry.

Chhota CFO shall assist in easing corporate tax compliances

Our Corporate Tax Services are as follows:

1. Regulatory Approvals

• Obtaining Statutory Tax Registrations such as Permanent Account Number (PAN), Tax Withholding Number (TAN)

• Assistance in obtaining lower withholding tax (WHT)/Tax Deduction at Source (TDS) Certificate from Tax authorities

• Our corporate tax consultants also assist in obtaining various exemption certificates & approvals from Tax Authorities

2. Statutory Compliances

• Corporate tax compliances include computation and payment of advance tax and filing of tax returns

• Withholding Tax/Tax Deduction at Source Compliances such as Computation, payment of TDS & filing of returns

• Statement of financial transactions (SFT) compliances & filings

• Assistance in obtaining certificates under Income Tax Act

• Assistance in obtaining valuation and other mandatory certificates required under Income tax for mergers, acquisitions & business restructurings (M&A)

• Tax Due Diligence Services

• Assistance with documentation requirements to support the planning and positions adopted in Tax audits

3. Corporate Tax Advisory Services

• Comprehensive advice/ opinions on tax matters & tax planning

• Identification of tax exposures & tax efficiency planning

• Inbound investment advisory on tax-efficient structures & entity set-up

• Corporate tax advisory services on Minimum Alternate Tax (MAT), Withholding Tax

• Tax Advisory and consultation for Merger and Acquisition Transactions

• Income tax/Tax Deducted at Source health check and diagnostic reviews

• Tax advisory and planning engagements in connection with bidding, Engineering Procurement, and Construction (EPC) & turnkey projects under different structures

• Direct tax health check and diagnostic review

• Project feasibility analysis from direct tax perspective

4. Exit Approvals

• Surrender of Permanent Account Number (PAN)/Tax Collection and Deduction Number (TAN) at the time of liquidation and winding up

• Assistance in obtaining No Objection Certificate (NOC) from Tax Authorities at the time of liquidation and winding up

• Assistance in obtaining a No Objection Certificate (NOC) from tax authorities on matters relating to immovable properties, certain movable and financial assets

5. Representation Services

• Handling corporate income tax scrutiny assessments, penalty proceeding & representation before tax authorities

• Exploring alternative tax dispute resolution avenues for e.g.: Commissioner of Income Tax – Appeals (CIT-A), Dispute Resolution Panel (DRP) etc.

• Preparing advance ruling application and representing before Authority for Advance Rulings (AAR) for settling a tax position involving non-resident(s)

• Litigation support before Indian Courts of Law through in-house and external expert legal counsels

• Representation before Courts/Tax authorities in matters related to search, survey, and Income Tax Settlement Commission

• Representation before various tax law tribunal for the purpose of settlement of case demand

Chhota CFO’s GST Advisory and Compliance Team shall offer holistic guidance to resolve complex GST related issues. Combining a strong understanding of the business intricacies and comprehensive GST knowledge, we assist our clients with their GST challenges.

We are constantly updated of the changing policies and exploring new ways to serve our clients with our GST compliance services.

Our service offerings under GST Advisory and Compliance are:

• Advice on all GST related matters including interpretation of provisions, classification, valuation, GST compliance methodology, representations, GST Technology Software etc.

• GST registrations / amendments and de-registrations

• Software driven diagnostics and filing services to evaluate the accuracy of the transaction data and matching identified exceptions for smooth GST compliances

• Review of compliance data, quality checks and preparation of Outward / Inward / Vendor reconciliations, GST retainership

Chhota CFO's Secretarial Team assists to ensure the annual compliances are taken care.

Limited Liability Partnership (LLP) under the Limited Liability Partnership Act, are required to file the following Forms with the Registrar every year:

1. Statement of Account & Solvency - Form 8 LLP
2. Annual Return - Form 11 LLP

All companies (private limited company, one person company, limited company, section 8 company, etc) are required to file Financial Statements and an Annual Return with the MCA every year.

All requisite filings as per the company's turnover and capital can easily handled by Chhota CFO.

Chhota CFO’s Payroll Team are professionals who shall involve to advise and offer support to clients from the onboarding process up to the exit formalities.

Our experts understand the requirements and implement payroll amid constantly changing regulations.

Intellectual property right guarantees different kinds of rights to the proprietor. For e.g. It gives right to the owner of the intangible property to sell and assign his work/creation/brand to anyone as per his discretion. Also the owner can prevent himself from possible infringement in case the work or created property gets violated by someone.

Chhota CFO shall assist in the following services which are covered withing the meaning of Intellectial Property Rights.

A. Searches & Due Diligence

- Trademark & Patent searches
- Trademark & Patent status
- Legal intelligence in IPR

B.Monitoring & Reporting

– Protection of brand identities
- Management of intellectual property portfolios(IPR Management)

C.Filing, Drafting & Registration

D.IPR Protection in India & other Countries

It’s a constant process for the companies who really care for their IPR.

E. Litigation Support

-Cease & Desist Legal Notices
-Reply to Registry
-Oppositions including pre grant and post grant oppositions,
-Revocations,
– Appeals
-Infringement actions

Brand Value is a very important asset of the organisation.

Chhota CFO's legal team shall support in the following:

1. Corporate Law

Let our experts handle matters regarding company Incorporation, MSME & GST Registration, Legal Compliance and Drafting & Vetting of Documents.

2. Real Estate

We tackle your Property Investigation and Verification, Transfer of property, Property Registration & allied services and Disputes

3. Drafting of Legal Documents

4. Review of Managed Legal Documents

Chhota CFO is a one point solution for all your start-up requirements:

1. Company Registration/ License
2. GST Registration
3. Udyog Aadhar Registration
4. FSSAI License or Registration
5. Import Export Code
6. Shop and Establishment Act License
7. Start-up Registration
8. Other Licenses and Registrations based on the industry.

Digital Signature Certificate functions similarly to identification cards issued by recognized (government) authorities.

Importance of DSC for Compliances

1. Individuals and entities must get their accounts audited and file their income tax returns compulsorily using a DSC.

2. The Ministry of Corporate Affairs (MCA) has a mandate for companies to file all reports, applications, and forms using a DSC.

3. A company can only get GST registration by verifying the application through a digital signature.

4. DSC is necessary even for filing all Governmnet applications, amendments, and other related forms.

Chhota CFO's Team can assist in obtaining DSC in 30 minutes.