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Astraea Business Advisors LLP is a famous name in the service sector of Delhi, NCR (India). We are involved in providing FCRA registration services to the clients. We have appointed a team of reliable professionals, who are experts in helping various citizens and organization by providing a smart, citizen-centric & transparent mechanism to avail various services related to FCRA and foreign hospitality. You can connect with us now by dialing our numbers.

We Provide financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and your business will have the tools it needs to make informed decisions. Our firm provides a full range of cost effective accounting services including the following:

• General ledger & financial statement preparation
• Bookkeeping (Monthly/Quarterly/Annual)
• Accounting system setup for new businesses
• Computerized payroll services
• Personal financial statements

We like to adopt the "value added" approach whereby we try to find ways of improving peoples businesses and saving them money. All accounts are prepared using the latest accountancy software thus ensuring the highest standards and most cost-effective service.

In this area we offer the following:

Corporates - We can prepare annual accounts in conformity with current legislation for companies and liaison and Representative Offices and can generate Periodical Management Reports.

Sole Traders / Partnerships - We can prepare annual accounts to see how your business is performing and also to comply with regulatory, bankers and other creditors requirements. Accounts can be produced monthly or quarterly to keep you up to date and to assist in the day-to-day running of the business. At all times valuable advice will be at hand.

Organizations chasing an aggressive growth strategy have lots of things to worry about. The least they would want to be bothered about are challenges related to payroll management or payroll processing. These are operational, yet mandatory processes. Managing error free operations consistently for payroll processing in India or payroll management in India can be very challenging.

What are payroll outsourcing services?

Every organization needs to pay their employees monthly for the work they do for the organization. This payment is their salary or payroll. Processing their detailed salary amounts based on their eligibility, managing tax deductions as appropriate and completing all the necessary compliances as per laid down regulations is part of end to end payroll service. Payroll processing is managed by HR departments in most organization. Several organizations may also have specialized payroll processing teams, who work hand in hand with the accounts team. However most successful companies will just go ahead and outsource their payroll processing. There are several activities in payroll management which include monthly payroll processing, compliance management-PF/P.TAX/ESIS/Taxation returns filing, other activities like Full & Final settlement, Investment proof checking and auditing, Form 16 generation, Default notice management received from the Income-tax department etc. There are companies like MAC which provide end to end payroll management services. Payroll processing is a time-consuming process and also this is non-core activity for HR. We can handle all your payroll needs, leaving you free to focus on running and managing your business objectives.

Who needs payroll services?

Every organization, whether it is a start-up, SME, large company or a MNC enterprise needs payroll management services. There are multiple ways where companies can manage their payroll processing like in-house, using software or by outsourcing the entire payroll management process. Most organizations face challenges in payroll processing as it is very time consuming and is very time sensitive. Also the compliances related to payroll processing can be a big challenge as there can be heavy penalties for non-compliance. This is one of the reasons why most successful organizations and owners prefer to outsource their entire payroll management process and have an expert like MAC come in and manage this for them.

What are the benefits of payroll outsourcing services?

There are several benefits to payroll outsourcing in which companies’ handover their entire headache to payroll outsourcing companies and get relief from payroll hassles. Outsourcing their payroll processing actually helps the organization save cost. Managing payroll processing with in-house employees can get very expensive, considering the infrastructure expenses as well as the cost of errors and missed compliances. Some of the benefits from payroll outsourcing include:

• They get access to professional payroll processing services
• They do not need to worry about complex rules and calculations, which change often
• They get ready access to better reports, instantly
• They have access to experts in payroll processing and payroll management field
• Enhanced data security including back-ups and redundancy mechanisms
• They can avoid investments in technology and related upgrades

Why should outsource bookkeeping, payroll or accounting services?

Nowadays, most organizations are looking for cost effective & flexible payroll management solutions. They also are looking for solutions in bookkeeping and accounting, where they can get access to advanced reports and where bulk of the processes are automated. Payroll is a non-core activity for HR whereas accounting services is an integral part of an organizations operational capabilities and systematic functioning. Both activities are important for any organization and any mistakes or non-adherence to laid out compliances can be costly. Most successful organizations thus outsource their entire payroll processing and accounting, helping organization to streamline their business operations.

Considerations when outsourcing payroll

There are several things to be considered when companies plan to outsource their payroll processing in India. Some of them include:

• Cost of outsourcing payroll processing vs a hiring an in-house payroll management team
• With your current payroll management process, what is the level of Accuracy and consistency? Is payroll processing happening consistently on time and without any errors?
• Do you have access to payroll related domain expertise, so that you have the right advice, when it comes to interpreting specific regulations?
• What is the level of automation that you are able to achieve in entire payroll processing?
• Is the end to end payroll process reliable and easy to manage?
• While you are managing payroll processing, how are you taking care of data Security, back-ups and redundancy mechanisms.

How much does payroll outsourcing cost?

The cost of payroll outsourcing in India depends on the scope of work defined between the service provider and the organization. Usually the number of employees in the organization can give you a ball park view of what payroll outsourcing is going to cost, but to get to detailed costs, it is necessary to reach to an agreement in terms of scope of work included for payroll management. The scope of work could include monthly payroll processing, compliance management-PF/P.TAX/ESIS/Taxation returns filing, other activities like Full & Final settlement, Investment proof checking and auditing, Form 16 generation, Default notice management received from the Income-tax department etc. all these activities are processed on a monthly/quarterly/yearly based on client requirements.

Astraea Business Advisors LLP has become a notable name in Delhi (India) by offering best-in-class statutory registration services to the clients at reasonable charges. Working for us is a team of adroit & astute professionals, who help various organizations in maintaining statutory registers that includes specific records about their company's shareholders, directors, and the meetings held. Various companies in Delhi have appreciated us on several occasions for rendering such high-class services.

MAC has proven expertise and capabilities in the services in financial domain as given below: 

Financial processes and controls

Conceptualizing, formulating and implementing financial processes and controls in conjunction with the client team.

Business Advisory Services

Providing advice on best practices to the client as and when required on matters related to FDI, Taxation, Excise, Payroll and other related matters.

Fund Utilization & Working Capital Requirement

Forecasting and evaluating the cash flows and working capital requirement of the client and providing MIS on fund utilization. Advising client and implementing best practices on improving cash flow and working capital management.

Financial MIS & Analysis

Providing and reviewing regular financial performance reports and analysis on the cost and profitability for various product lines and business units to support decision making and providing advice from our expert financial advisors.

Others

• Preparation of project reports and budgets for financing
• Project financing and allied services
• Business Due Diligence Audit 

Working in the industry with a team of GST specialists accountants, Astraea Business Advisors LLP has become a notable name in the service sector of Delhi (India). Our GST registration services are widely availed by many clients in the city. Our GST specialist accountants have in-depth knowledge of various concepts of GST registration. Right from starting till getting the appropriate GST registration certificate, our accountants work on behalf of various clients.

Situated in Delhi (India), Astraea Business Advisors LLP has been able to gain a huge clientele in the city by providing best-in-class GST return filling services at the most affordable charges. Ours is a group of GST return filling experts, who are highly experienced in this domain and hold expertise in assisting various organizations in getting their GST return filling in a short time. To know more, connect with us.

Business entity meeting threshold limit as prescribed under the GST laws, needs to be audited as per the GST rules & regulations. The main thrust of the audit is in reporting on compliance/non-compliance of overall GST laws and eligibility/non-eligibility of input credit. The audit report is to be issued in the specified form. 

Consultancy related to Corporate laws, FEMA etc.

There are number of corporate laws governing/guiding operations of business entity. Some of them are general in nature such as Companies Act, 2013 (for incorporated companies), Foreign Exchange Management Act (for foreign currency transactions) etc. and some are specific related to insurance business, banking business etc. Every business entity need to take care of the respective governing law(s) and need to be in compliance with that. 

Compliance of governing laws

Incorporated companies or other entities governed by Companies Act, 1956/2013 need to maintain records of certain events such as shareholders meetings, need to file information regarding changes in shareholders, directors, auditors etc. and to file certain periodical returns with RoC to keep them aware about overall business– financial and operational.

Services offered for Private/ Public Limited company

• Formation of Private/ Public Limited company. 
• Drafting of memorandum and article of association of companies. 
• Conversion of a private company into a public company and public ltd. into a private Ltd. 
• Changing the name of company. 
• Change of registered office. 
• Alteration of main object of the company. 
• Inclusion of new business in the memorandum of the company. 
• Statutory meeting and statutory report 
• Appointment of directors and their remuneration. 
• Director’s KYC
• Holding and subsidiary company 
• Inter corporate investments 
• Amalgamation, merger and acquisition of companies. 
• Payment of dividend by companies 
• Foreign companies 
• Buy back of shares

Services offered for Limited Liability Partnership (LLP)

• Formation of Limited Liability Partnership
• Drafting of LLP Agreement
• Annual Filing
• Induction of new partners
• Retirement of existing directors
• Change in Partner’s profit/ loss sharing ratio
• Conversion of Firms / Companies to LLP 
• Conversion of LLP to Company 
• Compromise, Arrangement or Reconstruction of Limited Liability Partnerships

Astraea Business Advisors LLP is a Delhi (India) based company, which is actively engaged in offering the best income tax registration services to the clients at the most affordable charges. We have hired a team of diligent professionals, who have in-depth knowledge of all legal procedures in the process of income tax registration. Right from completing all the paperwork and documentation to getting the income tax registration certificate for a particular organization, our professionals work in sync with each other effectively.

Located in Delhi (India), Astraea Business Advisors LLP has become a notable name in the industry by providing top-notch income tax return filling services to the clients. With the support of a team of reliable professionals, who are well-versed with various concepts of income tax return filling, we are helping various companies to get their income tax return filling status as soon as possible. Dial our numbers now to connect with us.

Astraea Business Advisors LLP is a Delhi (India) based company, which is actively engaged in offering best-in-class LLP incorporation services to the clients at reasonable charges. We have appointed a team of dexterous professionals in the industry, who are highly experienced in helping various clients in getting their LLP registration. With LLP incorporation, many organizations have been able to incorporate the benefits of both partnership firm and company into a single form of organization. You can dial our numbers at any time of the day to avail our services.

Situated in Delhi (India), Astraea Business Advisors LLP has become a top name in the industry by providing the best partnership firm registration services to various companies. Working for us is a group of experienced professionals, who are well-versed with various processes and procedures of registering for a partnership firm in ROC. Moreover, these professionals also complete all the paperwork on behalf of these organization to let them resister their partnership firm at ROC.

Working in the industry since 2019, Astraea Business Advisors LLP has been able to gain a huge clientele in Delhi (India). With our MSME registration services, we are helping various micro, small and medium-sized enterprises with a host of benefits and access to subsidies and schemes. There are many organizations in Delhi, who have approached us for availing the benefits of our services. Dial our numbers now to connect with us.

Astraea Business Advisors LLP has become a prominent name in the service sector of Delhi (India). We are in the business of providing top-notch ROC compliance services to the clients. Ours is a group of meticulous professionals, who are well-versed with various regular filings that are needed to be submitted on an annual basis. Moreover, these professionals also assist various organizations in filling those forms as well. Connect with us now to avail our services.

Astraea Business Advisors LLP is one of the most prominent names in the service sector of Delhi (India). We are in the business of providing the best management information system services to the clients. With our MIS services, we provide various organizations with a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization. There are many companies in Delhi, who have opted for our management information system services as well.

Astraea Business Advisors LLP is a Delhi (India) based company, which is actively engaged in offering the best incentive marketing services to the clients. Working for us is a team of highly experienced professionals, who are specialized in making various programs to get various customers to do the things you desire them to do by offering some other kind of incentives or gifts in return. You can dial our numbers at any time of the day to avail our services.

We provide specialised services to our NGO (Non-Government Organisation) clients as per their requirements. We serve various societies, trusts, NGOs etc. located all over India. We provide services regarding all facets of NGO working right from registration to funding to utilisation of funds etc. We provide following services to our NGO clients:

• Registration of Society, Section 25 Company, Formation of Trust 
• Income Tax Services 
• Statutory Audit Services 
• FCRA Registrations 
• FCRA compliance & FC3 returns 
• Internal Audit, Accounts Outsourcing Services 
• Advisory Services for procurement of grants/donations/funds

A Non Governmental Organization is perceived to be an association of persons or a body of individuals. An association of persons with non-profit motive may be registered under any of the following Indian Acts:

• As a Charitable Trust 
• As a Society registered under the Societies Registration Act
• As a Company licensed under section 25 of the Companies Act

Procedures of Formation:

Trust: "Trust" is defined as an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner or declared and accepted by him for the benefit of another, or of another and the owner.

A Trust may be created by any language sufficient to know the intention and no technical words are necessary. A trust deed, generally, incorporates the following:

• The name(s) of the author(s)/settlor(s) of the trust;
• The name(s) of the trustee(s);
• The name(s) if any, of the beneficiary/ies or whether it shall be the public at large;
• The name by which the trust shall be known;
• The name where its principal and/or other offices shall be situate;
• The property that shall devolve upon the trustee(s) under the trust for the benefit of the beneficiary/ies;
• An intention to divest the trust property upon the trustee(s);
• The objects of the trust;
• The procedure for appointment, removal or replacement of a trustee. Their rights, duties and powers etc;
• The rights and duties of the beneficiary/ies;
• The mode and method of determination of the trust.

A charitable trust is not required to obtain registration under the Indian Registration Act.

Society: A society may be defined as a company or an association of persons united together by mutual consent to deliberate, determine and act jointly for same common purpose. Minimum seven persons, eligible to enter into a contract, can form society. When an NGO is constituted as a society, it is required to be registered under the Societies Registration Act, 1860.

The chief advantage of forming a society are that it gives a corporate appearance to the organization, and provides greater flexibility as it is easier to amend the memorandum and bye laws of the society than in case of trust, terms of which are strictly manifested in the trust deed. However, formation of a society requires more procedural formalities than in case of a trust.

A Society for its inception requires:-

• Memorandum of Association, and
• Rules and Regulations

For the purpose of registration, following documents are required to be filed with the registrar of Societies:

• Covering letter requesting for registration stating in the body of the letter various documents annexed to it. The letter is to be signed by all the subscribers to the memorandum or by a person duly authorised by all of them to sign on their behalf.
• Memorandum of Association, in duplicate neatly typed and pages serially numbered.
• Rules and Regulations/Bye-Laws, in duplicate, certified by at least three members of the governing body.
• An affidavit of the president/Secretary of the society, on a non-judicial stamp paper of prescribed value, stating the relationship between the subscribers, duly attested by an oath commissioner, notary public or 1st class magistrate.
• Documentary proof such as house tax receipt, rent receipt in respect of premises shown as registered office of the society or no objection certificate from the landlord of the premises.
• An authority duly signed by all members of the managing committee.
• A declaration by the members of the managing committee that the funds of the society shall be used only for the purpose of furthering the aims and objects of the society.

Company: Under Section 25 of the company's act, an association formed or to be formed:

• For the purposes of promoting commerce, art, science, religion, charity to any other useful object
• With intention to apply its profits or other income for promoting its objects, and 
• Which prohibits payment of any dividend to its members,

is permitted to be incorporated without addition of the word "Limited" or "Private Limited". Procedure for applying is same as applicable in the case of all companies.

If the registrar is satisfied that all formalities have been complied with, he will issue a certificate of incorporation from which date the company comes into existence.

Note: An association already registered as a company, may also apply for a licence u/s 25.

INCOME TAX EXEMPTION FOR NGO

TRUSTS:

Under section 11(1)(a) to (c), income derived from property held under trust is exempt if the following conditions are satisfied:

• The property should be held under trust wholly for charitable or religious purposes.
• Income from such property should be applied to charitable or religious purposes. (Exemption is available to the extent of such application)
• Income should be applied in India
• At least 85% of the income derived from property held under trust, should be applied to charitable or religious purposes in the relevant previous year in order to claim full tax exemption.

Note:

• The assessee is to apply for registration in Form No. 10A in duplicate before the expiry of 1 year from the creation of trust. 
• Under Section 11(4) property held under trust includes a business undertaking held under trust. 
• Any voluntary contribution received by a trust or institution is exempt if (a) the trust is created wholly for charitable purposes and (b) contribution is not made with a specific direction that it shall form part of the corpus of the trust.

SOCIETY:

Societies are taxable in the status of AOP and different rates of tax are applicable to the income of an AOP in different circumstances:

A. Individual shares of members in AOP are not determinate:

• Where the total income of any member of the AOP is taxable at a rate higher than the maximum marginal rate-Rate of tax is such higher rate. 
• Otherwise-30% 

B. Individual shares of members in AOP are determinate:

• If total income of any member is not higher than Rs. 2, 50, 000/- (excluding share from AOP) and no member is taxable higher than 30%- Rate of tax on total income of AOP is the rate applicable to individuals.
• If total income of any member is higher than Rs. 2, 50, 000/- (excluding share from AOP) and no member is taxable higher than 30%- Rate of tax is 30% 
• If any member is taxed higher than 30%, then (a) Tax on the portion of total income of AOP that is relatable to the share of such member is levied at such rate higher than the 30%, (b) tax on the balance total income will be 30%. 

TAX EXEMPTION FOR NOTIFIED CHARITABLE SOCIETIES U/s 10(23C) (iv) and (v)

Any income of any institution established for charitable purposes is exempt. For getting exemption under these clauses, following requirement must be completed:

• Making an application in Form No. 56 
• Applying its income or accumulating it for application, wholly & exclusively to its objects;
• Notice of accumulation u/s 11(2) will have to be given to the assessing officer in Form No. 10

IEC registration is required by a person for exporting or importing goods. It is a 10 digit code which is issued by the Directorate General of Foreign Trade (DGFT). All businesses which are engaged in Import and Export of goods require registering Import Export Code.

1) No export or import shall be made by any person without an Importer Exporter Code (IEC) Number unless specifically exempted. An Importer/Exporter Code (IEC) number shall be granted on application to the competent authority. 

2) An application for grant of IEC number shall be made by the Registered/Head Office of the applicant to the licensing authority concerned in the form specified and shall be accompanied by documents prescribed therein. 

3) An Import Export Code Number allotted to an applicant shall be valid for all its branches/divisions/units/factories as indicated on the IEC number.

4) Where an IEC Code/ Import Export Code Number is lost or misplaced, the issuing authority may consider requests for grant of a duplicate copy of IEC number, if accompanies by an affidavit.

5) If an IEC holder does not wish to operate the allotted IEC number, he may surrender the same by informing the issuing authority. On receipt of such intimation, the issuing authority shall immediately inform all the RBI/Customs/Licensing authorities that the said IEC number has become inoperative. 

6) If there is any change in the name/address or constitution of IEC holder/licensee/Actual User eligible for import without a license/ recognised status holders, as the case may be, shall cease to be eligible to import or export against the license/IEC Number or any other facility permitted under the Policy and Handbook, after expiry of 60 days from the date of such change in his name or constitution, unless in the meantime,  

a)   the IEC holder/licensee/status holders has got the consequential changes effected in the IEC number/license or the recognition certificate, as the case may be, by the concerned licensing authority. 

b)   the Actual User has got the consequential changes effected from the concerned authority in the Industrial License issued by the Secretariat for Industrial Assistance (Ministry of Commerce and Industry) or Certificate of Registration as an Actual User issued by Director of Industries of the State Government or has received an acknowledgement for filing of a memorandum with the Secretariat for Industrial Assistance. Provided, however, the licensing authority issuing the IE Code may, condone the delay on payment of a penalty of Rs. 5, 000/-.