ARORA GAURAV A & ASSOCIATES Chartered Accountants

AGA has a well professionally qualified team to perform the audit function which includes Statutory Audit, Internal Audit and Management Audit.

Statutory Audit
Statutory audit is the key area in which the firm provides services. In today’s scenario, audit is not only a statutory requirement, but it is known to be as a risk based audit. Apart from doing statutory compliances, now entities look forward to add some value to their business and also to be aware of latest updates or amendments to the law.

Internal Audit
Internal audit is another area where firm has expertise and qualified team to perform the function. It is an independent appraisal function established by the management of an organization for the review of the internal control system as a service to the organization. It objectively examines, evaluates and reports on the adequacy of internal control as a contribution to the proper, economic and effective use of resources. Apart from finding fault in the mcompany system, it is now being emerged as a value added activity for any entity, which can actually add some values to the client business in terms of saving cost, systematic approach towards business activities.

Management audit
Management Consulting is the area in which the firm provides services including General Management Consultancy, business advisory services, Liaison Services, Management Information Systems, Systems Design and Control.

In the modern day world all businesses are engaged in multinational transactions and operations, they are continually challenged to manage the impact of multiple and ever-changing tax jurisdiction. AGA provides comprehensive and sophisticated tax assistance in effectively structuring the impact of global taxation.

Direct Taxation

AGA has a team of professionals which encompass various aspects of tax structuring and consulting of Corporate Taxation Consultancy, Compliance & Litigation, Tax reviews (Due Diligence), Cross Border transaction advisory for Double Tax Avoidance Agreements, Personal Taxation Services including:


		Effective tax management, tax structuring and advisory services
		Giving Opinions on complex direct tax related issues as per the Income Tax Act, 1961
		Tax structuring in a way to reduce the tax burden, while balancing risk and reward
		Tax modeling, which would involve validation of tax assumptions built into financial and business model
		Advise for avoidance of double taxation of income under the Income Tax Act, 1961 in India and under the
		corresponding law in force in the foreign country
		Procedure for obtaining relief in respect of income on which income tax has been paid under the income tax laws
		both in India and in a foreign country
		For recovery of income tax under the income tax laws in India and under the corresponding provisions of the law in
		force in the foreign country
		Advise on the incidence of tax and the nature of the income and expenditure
		Opinions on the various Double Tax Avoidance Agreement related issues
		Issues on the Supremacy of the Double Tax Avoidance Agreements over the Income Tax Act, 1961
		Assessing the income of non-resident and its tax incidence keeping as per the provisions of the Indian Tax laws and
		the provisions of the double tax avoidance agreements

Indirect Taxation

AGA has a team of professionals which encompass various aspects of indirect tax including Service Tax, Customs, Excise, VAT Registrations & Compliances.

International Taxation

With a view to bring foreign direct investment into India there has been a liberalization of the Indian taxation scheme, the Government of India has come forward in all possible ways to ensure that non-residents abroad make investments in India which is imperative for the long term growth of the economy. Special tax provisions are enacted in the statue to encourage the foreign investment through special tax concession and incentives.

We at AGA offer a comprehensive array of services that include answering complex compliance queries faced by the Non Residents in India as well as advising them on efficient tax practices.

Transfer Pricing

In the wake of globalization, most MNC's (Multi National Companies) today generate large portions of their taxable income, from other than their home jurisdictions. Thus making transfer pricing an increasingly important issue among tax directors, boards of directors and government fiscal authorities worldwide.

The explosive growth in world trade in recent years, and the resulting increase in cross - border transactions between related parties, has catapulted transfer pricing to the forefront of important international tax issues. MNC's of all sizes are finding their transfer pricing practices under increased scrutiny by tax authorities.

Extensive Transfer pricing regulations for India have been proposed according to which an arm's length standard is the frame of reference. This implies a valuation of transfer pricing transactions based on selling prices set by unrelated (or independent) parties transacting in similar selling environments.

Fiscal authorities are policing multinational's transfer pricing policies ever more aggressively in attempt to protect their tax base from erosion. The Income tax Act, 1961 now has specific regulations relating to transfer pricing. The risk of exposure to double taxation and possible interest and penalties propel clients to adopt a pro-active approach.

The appropriate transfer pricing strategy balances opportunity and risk management, weighing effective tax - rate optimizations against fiscal-authority challenges and the costs of compliance.

Transfer Pricing has become the most difficult area of international taxation. We advise multinational companies on the most appropriate Transfer Pricing Policy to be followed.

Our approach is marked by innovation and the resulting policy is one that is the most practical. We enable you to develop an integrated transfer pricing strategy, tax planning, economic analysis, accounting, statistical methods and database development to ensure the highest level of expertise in formulating and then implementing effective transfer pricing strategies.

It focuses on prices charged for related – party transactions, including inter – company transfer of tangible goods, intangible property services, loans and leases. It affects nearly every aspect of multinational operations - R&D manufacturing, marketing and distribution, after-sale services, and of course, an organization's worldwide tax burden.

Expatriate Taxation

With a view to bring foreign direct investment into India there has been a liberalization of the Indian taxation scheme, the Government of India has come forward in all possible ways to ensure that non-residents abroad make investments in India which is imperative for the long term growth of the economy. Special tax provisions are enacted in the statue to encourage the foreign investment through special tax concession and incentives.

We at AGA offer a comprehensive array of services that include answering complex compliance queries faced by the Non Residents in India as well as advising them on efficient tax practices.

AGA Advisory professionals work with the entity as part and parcel to minimize the complexity of today’s changing market environment. We give practical recommendations designed to help you work smarter, grow faster and compete stronger. Clients choose us because we are known for our talented people, technical expertise, deep industry insights and our ability to get the job done.

Secretarial Compliance has come to the forefront in India in recent times, with constant amendment to the statutes and the strictures of law, the adherence to the Companies Act, has been made more stringent. In the face of these continuous changes, we at AGA facilitate services that help with the Compliance and Certification issues. AGA provides comprehensive compliance services:

		Advising, resolving and giving opinion on various Company law related issues
		Secretarial Audit
		Facilitation of issuance of secretarial compliance certificate
		Maintenance and Advising on the secretarial records
		Settlement of various issues raised under FEMA (Foreign Exchange Management Act 1999)

The firm is actively engaged in providing almost all the financial consulting services to foreign companies and individuals as well as NRIs and OCBs Expertise in terms of interest of foreign companies/individual are:-

		Formation of the organization and obtaining various government approvals incidental or
		necessary in connection with the venture.
		Setting up of 100% subsidiary companies, Liaison office of foreign companies
		Preparation of viability reports to assess economic viability of entering into a business venture in India.
		Identification of a perfect joint venture partner consistent with the equity investment
		requirement of the clients, both NRI, Foreign and Domestic at the corporate level.
		Assistance in providing financial and investment information regarding the prospective Indian partner.
		Import-Export Procedures
		Formulating and advising on the type business entity and entry into India.
		Preparation of Operational and MIS reports for Foreign Clients.

The firm has specialization in serving BPO sector starting from getting business till their regular compliances. Our team has vast experience to serve BPO sector companies including Australia, UK, US, Canada & Middle East continents. Mainly it includes:

		Forming organization and obtaining various incidental approvals
		Getting outsourcing business processes
		Identifying perfect investment partner
		Assist in obtaining various licenses including OSP License
		Assist in providing infrastructure options
		Assist in building suitable technical team
		Training Programme
		Regular Financial Consulting/Compliances