The increasing participation of multi-national groups in economic activities in the country has given rise to new and complex issues emerging from transactions entered into between two or more enterprises belonging to the same multi-national group. In order to provide a detailed statutory framework which can lead to computation of reasonable, fair and equitable profits and tax in India, the government has incorporated various acts keeping in mind various aspects in this relation. In the case of multinational enterprises, the Finance Act, 2001 substituted section 92 with a new section and introduced new sections 92A to 92F in the Income-tax Act, relating to computation of income from an international transaction in relation to the arms length price, meaning of associated enterprise, meaning of information and documents by persons entering into international transactions and definitions of certain expressions occurring in the said section.

Arms length price : In accordance with internationally accepted principles, it has been provided that any income arising from an international transaction or an outgoing like expenses or interest from the international transaction between associated enterprises shall be computed having regard to the arms length price, which is the price that would be charged in the transaction if it had been entered into by unrelated parties in similar conditions. The arms length priceshall be determined by one of the methods specified in Section 92C in the manner prescribed in Rules 10A to 10C that have been notified vide S.O. 808 E dated 21.8.2001. Arms length price can be calculated by one of the following specified methods: Comparable uncontrolled price method (CUP Method). Resale price method. Cost plus method. Profit split method or Transactional net margin method.

Direct Tax Compliance with the government laws requires in depth knowledge of various tax laws. Direct Tax consultancy and planning with efficient tax strategies, provided by us form an integral part of viable business decisions. We adopt a which is flexible and emphasizes delivery and value.

Service Tax :  Service Tax is a central tax, which has been imposed on certain services and is the latest addition to the genus of indirect taxes like customs and central excise duty. India, a developing country, was somewhat slow in discovering the potential of this kind of indirect taxation for enhancement of revenue collection and it was the Finance Act 1994 that first introduced the service tax provisions through its Chapter V. Service Tax is collected by Central Excise Department.

Value Added Tax (VAT) : Value Added Tax (VAT) is a tax on value addition and a multi point tax, which is levied at every stage of sale. It is collected at the stage of manufacture/resale and contemplates rebating of tax paid on inputs and purchases.

Excise And Cenvat : Excise Duty is charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of excisable goods. This tax is now known as the Central Value Added Tax (CENVAT). Every person who manufactures, produces, carries on trade, holds warehouses for excisable goods shall have to obtain registration under the excise laws. No excisable goods may be removed from the factory or a warehouse except under an invoice signed by the owner of the factory or his authorized agent.

Based in Bihar, we are an organization that provides excellent NRI services to the clients. Our esteemed clients have regarded us as one of the best solution providers for NRI. We accurately understand the banking requirements, which is why we are capable in providing the most efficient services. With us, you do not have to worry about visiting the branch as we have a wide range of remittance options available with us. For all the non-resident Indians, our services are the best. 

If you own a business, the annual audit can sometimes feel like a time consuming and expensive process that only benefits the statutory authorities. We make sure all your onerous reporting requirements are met as painlessly as possible- keeping banks, creditors, finance providers, and even inland revenue happy. But more than that we aim to offer you the kind of business advice that could help you to run your company or business entrepreneur efficiently and cost effectively. We also offer expert corporate tax planning advice, to make sure that you are as tax efficient as possible.

The Following Audit Services are provided by us :

• Internal Audit Services/Concurrent Audit Services.
• Management Audit Services.
• Due Diligence Review.
• Special investigate Audit Services.
• Costing and Accounting System Design and Review.
• Compilation of Final Accounts as per accounting standards of US GAAP.
• Tax Audit under The Income Tax Act, 1961.
• VAT Audit under the Value Added Tax Act. Information System Audit.

The process of regulation and approval for the FDI in India has been considerably liberalized since the 1990. The India foreign trade policy has been formulated with a view of encouraging FDI in India by the foreign investors. The Reserve Bank of India has prescribed the administrative and compliance aspects of FDI. Harshit Kabra & Co. provides a comprehensive services and consultancy to foreign investors in facilitating the Foreign Direct Investment (FDI) in almost all sectors. We help them and guide on the issue of holding minority or majority stake in most of the sectors, be it manufacturing, telecom, software, services sector, trading, export-import to name a few. Our services broadly cover the following areas in Foreign Investment services to our clients :

• Entry Options for Foreign investors.
• Routes for Foreign Investment.
• NRI/PIO/Overseas Corporate Bodies.

The following are the Professional services offered in the field of Co-operatives and NPO sector includes Project Consultancy Services.

The increasing participation of multi-national groups in economic activities in the country has given rise to new and complex issues emerging from transactions entered into between two or more enterprises belonging to the same multi-national group. In order to provide a detailed statutory framework which can lead to computation of reasonable, fair and equitable profits and tax in India, the government has incorporated various acts keeping in mind various aspects in this relation. In the case of multinational enterprises, the Finance Act, 2001 substituted section 92 with a new section and introduced new sections 92A to 92F in the Income-tax Act, relating to computation of income from an international transaction in relation to the arms length price, meaning of associated enterprise, meaning of information and documents by persons entering into international transactions and definitions of certain expressions occurring in the said section.

Arms length price : In accordance with internationally accepted principles, it has been provided that any income arising from an international transaction or an outgoing like expenses or interest from the international transaction between associated enterprises shall be computed having regard to the arms length price, which is the price that would be charged in the transaction if it had been entered into by unrelated parties in similar conditions. The arms length priceshall be determined by one of the methods specified in Section 92C in the manner prescribed in Rules 10A to 10C that have been notified vide S.O. 808 E dated 21.8.2001. Arms length price can be calculated by one of the following specified methods: Comparable uncontrolled price method (CUP Method). Resale price method. Cost plus method. Profit split method or Transactional net margin method.

Direct Tax Compliance with the government laws requires in depth knowledge of various tax laws. Direct Tax consultancy and planning with efficient tax strategies, provided by us form an integral part of viable business decisions. We adopt a which is flexible and emphasizes delivery and value.

Service Tax :  Service Tax is a central tax, which has been imposed on certain services and is the latest addition to the genus of indirect taxes like customs and central excise duty. India, a developing country, was somewhat slow in discovering the potential of this kind of indirect taxation for enhancement of revenue collection and it was the Finance Act 1994 that first introduced the service tax provisions through its Chapter V. Service Tax is collected by Central Excise Department.

Value Added Tax (VAT) : Value Added Tax (VAT) is a tax on value addition and a multi point tax, which is levied at every stage of sale. It is collected at the stage of manufacture/resale and contemplates rebating of tax paid on inputs and purchases.

Excise And Cenvat : Excise Duty is charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production or sale of excisable goods. This tax is now known as the Central Value Added Tax (CENVAT). Every person who manufactures, produces, carries on trade, holds warehouses for excisable goods shall have to obtain registration under the excise laws. No excisable goods may be removed from the factory or a warehouse except under an invoice signed by the owner of the factory or his authorized agent.

Based in Bihar, we are an organization that provides excellent NRI services to the clients. Our esteemed clients have regarded us as one of the best solution providers for NRI. We accurately understand the banking requirements, which is why we are capable in providing the most efficient services. With us, you do not have to worry about visiting the branch as we have a wide range of remittance options available with us. For all the non-resident Indians, our services are the best. 

If you own a business, the annual audit can sometimes feel like a time consuming and expensive process that only benefits the statutory authorities. We make sure all your onerous reporting requirements are met as painlessly as possible- keeping banks, creditors, finance providers, and even inland revenue happy. But more than that we aim to offer you the kind of business advice that could help you to run your company or business entrepreneur efficiently and cost effectively. We also offer expert corporate tax planning advice, to make sure that you are as tax efficient as possible.

The Following Audit Services are provided by us :

• Internal Audit Services/Concurrent Audit Services.
• Management Audit Services.
• Due Diligence Review.
• Special investigate Audit Services.
• Costing and Accounting System Design and Review.
• Compilation of Final Accounts as per accounting standards of US GAAP.
• Tax Audit under The Income Tax Act, 1961.
• VAT Audit under the Value Added Tax Act. Information System Audit.

The process of regulation and approval for the FDI in India has been considerably liberalized since the 1990. The India foreign trade policy has been formulated with a view of encouraging FDI in India by the foreign investors. The Reserve Bank of India has prescribed the administrative and compliance aspects of FDI. Harshit Kabra & Co. provides a comprehensive services and consultancy to foreign investors in facilitating the Foreign Direct Investment (FDI) in almost all sectors. We help them and guide on the issue of holding minority or majority stake in most of the sectors, be it manufacturing, telecom, software, services sector, trading, export-import to name a few. Our services broadly cover the following areas in Foreign Investment services to our clients :

• Entry Options for Foreign investors.
• Routes for Foreign Investment.
• NRI/PIO/Overseas Corporate Bodies.

The following are the Professional services offered in the field of Co-operatives and NPO sector includes Project Consultancy Services.