Ajs Professionals Pvt. Limited

I. P Extension, Delhi

Ajs Professionals Pvt. Limited has been providing unmatched Loan Syndication Services to its clients since its inception. Our Loan Syndication Service includes preparation of detailed feasibility reports for seeking loans from banks and financial institutions, forecasting and analysis of financial statements to avail credit facilities. We arrange fund based credit facilities like Corporate Finance, Working Capital Limit, Export Credit (Pre- shipment and post shipment), loan against Property, and non-fund based limits like LCs and bank guarantees. Our service includes : Project Reports Corporate Finance Working Capital Limit Loan against Property Export Credit LC & BG Limit

Under the Direct Taxation Services we provide complete Tax Planning and solutions comprising of Filing of Income Tax Returns, Follow up of Income Tax Refunds, Advance Tax Computation, Quarterly Returns of TDS/TCS and Consultancy in TDS matters. We also assist our clients for drafting and submitting appeals and aid them to attend Scrutiny cases. Our Direct Taxation Services includes Income Tax Returns Assessment Appeals

We can provide comprehensive solutions to our clients regarding Indirect Taxes. Our Indirect Taxation services assist the clients to apply for registration as well as modification in existing Registration certificates. We also provide calculation of taxable turnover and tax thereon on monthly quarterly and half-yearly basis and deposit of Tax with Govt. Departments on time. Indirect Taxation Services provided by us comprise of Filing of Returns on timely basis, Drafting of appeals and submissions, handling any other matter incidental thereto and advice on statutory compliance of provisions of concerned tax act. In addition, our services cover: Vat and Service Tax Matters Excise Matters

We provide Corporate Consultancy to our clients regarding the formation of Private and Public Limited Companies. Our Corporate Consultancy services include Drafting of Memorandum and Articles of Association of the company, Conversion of Private limited company into Public limited company, Appointment of Directors of the company. We also assist the clients in Filing of Balance Sheet, Annual Return and other forms with ROC on timely basis, Liasoning with concerned ROC and removal of objections and advice on statutory compliance about provisions of Companies Act.1956. We handle all other matters incidental thereto. Corporate Consultancy includes consultancy regarding: Company Formation Statutory compliances

NGO Consultancy services provided by us include Registration, Funding, Registration u/s 12A, Approval for Deduction U/s 80G, Deduction u/s 35AC, Deduction u/s 80GGA FCRA. NGO can be registered as non-profit organization in India in the form of Trust, Society or as section 25 company. Formation of NGO Basically a Non-Governmental Organization (NGO) is an association of persons or a body of individuals which may be registered or unregistered. But when such association seeks external funding or income tax exemptions, the association has to get it registered. An association with non profit motive may be registered under any of the following Acts. Charitable Trust NGO may be formed as a public charitable trust, which may be registered for number of charitable purposes like relief from poverty, education, medical relief, preservation of environment, preservation of monuments, places or objects of artistic or historic interest, general public utility, and provision of facilities for recreation. At least two trustees are required to register a public charitable trust. The instrument by which the trust is registered is called the trust deed. No national law governs public charitable trusts in India, although some states like Maharashtra, Gujarat, Rajasthan, and M.P have made their Public Trust Acts. Trustee of a public charitable trust cannot use the property for personal use. Indian public charitable trusts are generally irrevocable. Society NGO may be formed as a society under Societies Registration Act 1860. Minimum seven persons are required to form a society. Individuals, partnership firms, companies and registered societies are eligible to form a society. Society may be registered for promotion of science, literature, fine arts, for providing education, for charitable or such type of other purposes. Society is generally managed by governing council or management committee. Society may be dissolved. Company under section 25 of the Companies Act NGO may be formed under section 25 of Companies Act with limited liability for promotion of commerce, science, art, religion, charity or other useful object, provided that no profits (if any) or any other income derived from promoting objects of the company is distributed to the members. At least three persons are required to form a section 25 company. Promoters of the company have to submit application to the Regional Director in Form No.24 along with copy of memorandum and articles of association, statements of assets, copies of accounts, balance sheet, description of work already done and proposed to be done. The affairs of section 25 company are managed by governing council or managing committee. A section 25 company may be dissolved. Upon dissolution, after settlement of all liabilities the remaining assets will be transferred to other section 25 company with similar objects. Project Proposal Steps to prepare Project Proposal Information about existing organization Objectives of the organization About proposed project Human resources requirement Project beneficiaries Project implementation strategy Duration of the project Project monitoring Budget of the project Organization’s own contribution Funds sought from the funding Agencies Registration under section 12A of the income tax Act An application for registration of charitable trust or institution shall be filed with commissioner of income tax in Form No.10A along with following documents Certified copy of the instrument under which the trust/institution was created Two copies of the account and balance sheet of the trust/institution for last three years or since its inception whichever is less Approval for Deduction under section 80G of the income Tax Act Donations made to certain Charitable/Religious Institutions are eligible for deductions from the taxable income of the donor under the provisions of section 80G. Donations made in kind are not covered under section 80G. Trusts and Institutions established in India for a charitable purpose are required to obtain approval from the commissioner of income tax and fulfill certain conditions laid down in section 80G(5). The conditions to be fulfilled are That the income of the Trust or Institution shall be exempt under section 11 and 12 or 10(23C) The Trust/ Institution derives income from business and proper books of account are maintained in respect of that business The donations received are not used directly or indirectly for the purpose of such business The Trust /Institution issues to the donor, a certificate that separate books of accounts are maintained in respect of such business and donations received will not be used directly or indirectly for the purpose of such business The Trust/Institution or its funds are not for the benefit of any particular religious community or caste. The Trust/Institution may create separate funds for the use of schedule caste, schedule tribes, backward classes. Donations to these organizations qualify for exemption. The organization must maintain a separate account of the monies received and disbursed through such a fund The Trust/Institution maintains regular books of accounts The documents of Trust/Institution do not permit use of income other than charitable purpose Donations given in kind are not tax deductible under section 80G Procedure for getting Approval The application for approval u/s 80G (5) is to be made in Form No.10G in triplicate to the commissioner of income tax accompanied by following documents Copy of registration granted under section 12A in respect of charitable trust or copy of notification issued u/s 10(23C) in respect of public charitable or public religious trust Notes on activities of trust or institution since its inception or during the last three years whichever is less Copies of accounts of the trust or institution since its beginning or for the last three years whichever is less With effect from 1-10-2009 approval shall be required to be obtained once only Deductions on contributions u/s 35AC The Income Tax Act contains provisions under section 35AC permitting income tax payers to deduct contributions made while computing profits from business or profession for expenditure incurred for promoting social and economic welfare or upliftment of the public as specified by the central government on recommendation of the national committee. The NGOs can avail the benefit of these provisions to attract contributors. Central government approves and notifies certain type of NGOs eligible for projects for the provisions of section35AC. If a NGO succeeds in getting approval for its project then it can mobilize substantial funds from the corporate sector. All approved NGOs are required to issue a certificate to the contributor for all contributions & receipts under section 35AC. The certificate is to be issued in Form 58A. This certificate will enable the contributor to claim exemption from its taxable income. Further, the NGOs should also send an Annual Report to the National Committee indicating the progress of the work relating to the project/scheme and information in respect of each contributor. Deductions on contributions u/s 80GGA Section 35AC is available to taxpayers who have income from the head business or profession. Therefore for tax payers who do not have income from business or profession, Section 80GGA provides for 100% deduction for donations made to eligible projects in respect of donations given for scientific research or rural development. FCRA (Foreign Contribution Regulation Act) The main purpose of this act is to curb the use of foreign funds and hospitality for nefarious and anti social purposes. It is regulated by Ministry of Home Affairs. The provisions of FCRA apply to whole of India including Jammu and Kashmir. Under section 6 of FCRA it is clearly provided that any organization having a definite cultural/social/educational/religious /economic object shall only accept foreign contribution after satisfying two conditions. It must register with central govt It must agree to receive foreign contribution only through one specific bank account Documents required to be filed for Registration Form FC-8 duly filled up in triplicate Audited statement of accounts of last three years Annual Reports specifying activities of last 5 years Detail of beneficiaries and detail of the socio economic factors of the region in which NGO is working List of geographical details of the state and districts proposed for work Certified copy of the registration certificate Certified copy of the bye laws and memorandum and articles of association, whichever is applicable Copy of certificate of exemption and registration issued by the income tax department under section 80G and 12A Copy of any prior permission granted to the organization Copy of resolution of governing body of the organization authorizing the registration under FCRA Copy of Power of Attorney by which the chief functionary is authorized to submit FC-8 List of present members of the governing body of the organization and office bearers Copy of any journal or other publication of the organization If the organization is having any parent/sister or sister organization which is registered with the FCRA, then the registration no. along with Ministry of Home Affair file number should be mentioned If the association has submitted any application earlier then its reference no. should be mentioned If the association has received any foreign contribution with or without the prior approval of the central govt. then the detail should be given Tax Deduction at Source by NGOs Any NGO whether formed as a society, trust or non-profit making company responsible for making payments is liable to deduct TDS as per provisions of Income tax Act. TDS is applicable on NGOs like other entities. NGOs and Wealth Tax All individuals, HUFs and companies are liable to wealth tax if their taxable net wealth exceeds Rs.30 lacs. Similarly NGOs whether formed as trust society or company are liable to wealth tax. Application of Sales tax and Service tax on NGOs NGOs may be engaged in the sale of goods which are either manufactured/assembled/traded as part of their business activities. Vat will be levied on sale of taxable goods like other business entities. Similarly service tax will be applicable on taxable services provided by NGOs.

We provide services for maintenance of accounts on retainership basis, minimizing cost of entrepreneurs under the gamut of our Accounts Services. You can trust for our best quality services at best possible price. We provide services of internal Audit through deployment of our dedicated team of experienced staff. Similarly, professional services are provided for Statutory Audit, Tax Audit, Management Audit, Stock Audit and Due Diligence. Accounts and Audit Services provided by us include: Maintenance of Accounts Internal Audit Statutory Audit Tax Audit Management Audit Stock Audit Due Diligence

We provide ISO Certification services to our valued clients which covers different type of ISO Certificates. We provide services for the certification for ISO9001:2008, ISO-22000, ISO14001:2004 and OHSAS-18001. ISO9001:2008 is an international standard that can be applied to any size of the organization for both services and products. The standard consists of a set of requirements that specify that what an organization must do. The ISO 9001 is a Quality Management Certification System, which enables you to show your commitments towards quality and customer satisfaction. ISO14001:2004 is an environment management system. It provides guidance on how to manage the environment aspects of business activities in efficient way while taking into account the pollution control. It is a tool that can be used for following purposes. Providing assurance on environment issues to customers and society Providing assurance to management of clean environment Assuring employees that they are working in pollution free environment ISO-22000: Food Safety Management System An international standard defines the requirements of a food safety covering all organizations in the food chain including catering and packing companies. OHSAS-18001 It enables an organization to manage operational risks and improve performance. It provides guidance on how to manage the health and safety aspects of all the business activities in more efficient way considering accidents preventions, risk reduction etc.

The clients can avail from us Trademark Registration Services with very easy terms and conditions. A trademark includes any name, symbol, work or design or any combination used or intended to be used in business to identify and distinguish the goods and services of one manufacturer from others. Trade Mark appears on your product so that consumers can easily identify your product from your other competitors̢۪ products. Our service includes applying for Trade Mark that includes: Trade Mark Application The procedure for filing an application for trademark registration is same in almost all the countries. A person has to make the application to the concerned authorities along with the documents and prescribed fees. The concerned authorities examine the documents and feel that if the application comply all the requirements then trademark is granted to the applicant. We are providing services for trademark registration. If you want to get trademark registration or any query related to trade mark then contact us.

We provide valuable Patent Registration services at very easy terms and conditions to the esteemed clients. Patent is a license, which gives someone the sole right to make, use, or sell invention. Patents are of different types including Ordinary Patents, Patents of Additions, and Convention. We also cover Patentable Inventions that means any new and useful art, process, method, or manner of manufacture, machine, apparatus or other article or substance produced by manufacturer and includes any new and useful improvement or any of them. Documents required for filing an application Application form in triplicate Provisional or complete specifications in triplicate. If the provisional application has been filed, then it must be followed by complete specifications within 12 months allowed with three months extension period after 12 months Abstract of the invention in triplicate Drawing in triplicate (If required) Information and undertaking regarding number, filing date and current status of each foreign patent application in duplicate Power of Attorney (if filed through Patent agent) Payment of fee Grant or Sealing of the Patent If the application is not opposed or the opposition is decided in favor of the applicant or not refused, the patent is granted or sealed on payment of sealing fee within 6 months from the date of advertisement. However, it is extendable by 3 months. Validity A patent lasts for 14 years from the date of filing the complete specifications. However, for food, Drugs and insecticide patents, the life is 7 years from the date of complete specification or 5 years from the date of sealing whichever is shorter. Restoration Application for restoration of a patent that lapses due to nonpayment of renewal fee must be made within one year of lapse.