Compliance

India has close to 1536 Acts, more than 69233 compliances and 6618 regulatory filings across the Center and States. This creates a complex and cumbersome compliance environment for business, especially the MSME. We at PhygiTech have specialized teams to take care of each of these compliances. Our compliance team works hands-on on each of these compliances thus easing your burden in this area. Non-compliance or delayed compliance will hurt business through fines, penalties and interest. Our compliance team members will relieve you of all the compliances thus help you in focusing in doing what you do best, ie taking care of your business and growing it. Most of the compliances would have multiple parts viz record keeping, payment of taxes and filing of returns. We are PhygiTech have digitized the whole process and through use of cloud based software stay updated with all relevant legislations thus providing you with updated compliance Calander at all times.

Our Compliance Services

Preparation and Filing of ITR

After digitization, preparation of income tax return [ITR] has become an art by itself, after all a software program processes these returns on behalf of the Government.

Review and Resolution of PAN Based Demands

In today’s electronic world all taxation related matters have become faceless. There is no physical income tax office where one can get their grievances sorted out.

Review and Resolution of TAN Based Demands

TAN based demands arise out of short payment and delayed payment of tax deducted at source (TDS). From our experience we have seen that this is an

Transfer Pricing In India – A Brief Background

In order to curb the practice of avoiding tax by the foreign companies in India, legislation under the name ‘Transfer Pricing Regulation’ has been introduced since 2002.

Income Tax Representation

Under the current regime, most of the cases have moved to faceless assessments, appeals and penal proceedings. Under this scenario, one has to be ever alert in watching out for notices from NFAC.

Preparation of Financial Statements

Preparation of financial statements if the duty of the business entity. As a rule, Auditors cannot and should not prepare those financial statements as it would affect their independence while reporting on those financial statements.

Stock Audit

This is a specific need-based audit service that we provide to customers on request. In this audit, our audit team engages with the factory personnel and head office personnel, acting as a bridge between the two.

Assets Auditing Service

As mandated by Companies Act, 2013, it is mandatory for all companies to do a verification of fixed assets at least once in a year.

Companies Act Compliance Services

PhygiTech offers a wide range of routine compliance services related to the Companies Act, 2013 and LLP Act, 2008. Our professional company secretaries are well-equipped to assist companies with their day-to-day secretarial requirements.

Compliances under gst laws

PhygiTech offers a comprehensive range of GST services provided by a competent and efficient team. Their focus is on accurate and timely compliance with GST laws, ensuring that clients never miss any deadlines.

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