Services - India
The Financial Crest Edge – India
At Financial Crest, our in-depth understanding of India’s complex tax and regulatory landscape sets us apart. We offer specialized services for NRIs, startups, Business operating in India and businesses with international ties, ensuring compliance and optimal tax strategies. Our comprehensive approach covers everything from payroll processing to financial projections, helping businesses thrive with expert support at every stage. Whether it’s setting up a new venture, managing compliance, or navigating tax complexities, our personalized and strategic solutions make us the trusted choice for your business needs in India.
Since Financial Crest has offices in the USA and UAE, we seamlessly manage cross-border compliance, making international operations smooth and hassle-free.
Expert Local Knowledge
Our deep understanding of India’s complex regulatory environment ensures that your business stays compliant with the latest tax and statutory requirements.
Customized Solutions for NRIs and Startups
We specialize in offering bespoke services for NRIs and startups, catering to their unique needs and maximizing tax efficiency.
Comprehensive Compliance Support
From statutory compliance to internal audits, we cover all aspects of regulatory requirements, allowing you to focus on growing your business without worry.
Strategic Tax Advisory
Our expert tax advisory services help minimize double taxation and optimize your financial strategies across borders.
Advanced Payroll and Accounting Support
We streamline your payroll and accounting processes with accuracy and efficiency, ensuring your financial operations run smoothly.
Proven Expertise in Business Setup
We provide seamless assistance in setting up your business in India, guiding you through every step from incorporation to compliance.
Robust Financial Planning and Valuation
Our services in financial projections and business valuation provide a clear understanding of your business’s financial future.
End-to-End Startup Advisory
Whether it’s equity structuring or compliance for fundraising, our startup advisory services cover all critical aspects of establishing a successful venture.
Commitment to Client Success
We take pride in building long-term relationships with our clients, providing personalized guidance and support every step of the way.
SERVICES THAT WE OFFER
NRI Taxation
We offer specialized tax services for Non-Resident Indians (NRIs), helping them navigate complex tax regulations and maximize their tax efficiency while ensuring compliance with Indian tax laws.
Personal Taxation Service
Our team provides comprehensive personal tax planning and filing assistance, helping individuals understand their tax obligations and identify potential deductions to optimize their tax outcomes.
Double Taxation Advisory Services
We provide expert guidance on double taxation agreements and strategies to minimize tax liabilities when doing business across borders, ensuring you retain more of your earnings.
Internal Audit Consulting
Our internal audit services enhance your organization’s operational efficiency and risk management practices, providing insights that help strengthen internal controls and compliance.
Compliance Review
We conduct thorough compliance reviews to ensure your business adheres to regulatory requirements, identifying potential risks and areas for improvement.
Startup Advisory Services
Our comprehensive startup advisory includes support with equity and debt structuring, statutory compliance, fundraising compliance, and agreement drafting to help new businesses thrive.
Statutory Compliance
We assist with all aspects of statutory compliance, ensuring your business meets legal obligations and avoids penalties, enabling you to focus on growth.
Payroll Processing
Our efficient payroll processing services handle tax calculations, employee payments, and compliance, ensuring your workforce is compensated accurately and on time.
Accounting Support Services
We offer reliable bookkeeping and accounting support to help you maintain accurate financial records and facilitate informed decision-making.
Incorporation of Business in India
Our team provides end-to-end support for registering a new business in India, from initial documentation to compliance with local regulations.
Setup Support for Foreign Entities
We help entities with established businesses abroad to navigate the process of setting up operations in India, ensuring a smooth and compliant transition.
Business Valuation
Our expert valuation services assess the worth of your business, providing insights essential for strategic decision-making, mergers, or acquisitions.
Financial Projections
We develop comprehensive financial projections to aid your strategic planning, enabling you to set realistic goals and allocate resources effectively.
FAQs
Non-Resident Indians (NRIs) are taxed on income earned in India, such as rental income, capital gains, and interest from savings accounts. NRIs must file tax returns if their taxable income exceeds the basic exemption limit, which varies based on age and income type. Understanding the tax implications of various income sources is crucial, and we can help you navigate these complexities to ensure compliance and optimize your tax position.
Startups in India face a range of compliance requirements, including registration with the Ministry of Corporate Affairs, obtaining necessary licenses, and adhering to statutory regulations. Our team provides end-to-end support, helping you understand and fulfill these obligations. We guide you through regulatory frameworks, assist with documentation, and ensure you meet all requirements to operate legally and efficiently.
To maintain timely tax compliance, establish a routine for bookkeeping and record-keeping. Regularly review your financials, track expenses, and ensure that all relevant documentation is organized. We offer services to help streamline these processes, including reminders for filing deadlines and assistance in preparing and submitting tax returns accurately and on time.
Our payroll processing services ensure that your employees are paid accurately and on time, while also handling tax calculations and compliance with labor laws. This reduces the risk of errors and penalties associated with mismanaged payroll. Additionally, we offer insights into payroll trends and strategies for cost-effective employee management, allowing you to focus on core business operations.
The incorporation process involves several steps, including selecting a business structure (like LLP or Pvt Ltd), obtaining a Digital Signature Certificate (DSC), and filing necessary documents with the Registrar of Companies. We assist you throughout this process, ensuring that all legal requirements are met, timelines are adhered to, and you are set up for success from the start.
To claim a tax refund, you need to submit your tax return, along with proof of income, tax deduction certificates (Form 16), and any additional documents specified by the Income Tax Department. We help you gather and prepare these documents to ensure your refund claim is processed smoothly and efficiently.
NRIs often face the challenge of being taxed in multiple jurisdictions. We provide advisory services that explain the provisions of double taxation avoidance agreements (DTAAs) between India and your country of residence. Our expertise helps you understand eligible exemptions and deductions, ensuring that you minimize your overall tax liability and remain compliant with regulations in both countries.
Our audit services encompass internal audits to assess operational efficiency, compliance audits to ensure adherence to regulations, and financial statement audits for accuracy and reliability. We tailor our audit approach to your specific business needs, providing detailed reports that highlight findings and recommendations for improvement, which can enhance your operational effectiveness.
Indian residents are taxed on their global income, including foreign income. It’s crucial to determine which foreign income is taxable and to disclose it appropriately in your tax returns. We offer guidance on applicable exemptions and the correct reporting process to ensure compliance and to optimize your tax situation.
Non-compliance can lead to various repercussions, including financial penalties, interest on unpaid taxes, and legal action by the tax authorities. Severe cases may result in prosecution or confiscation of assets. Staying compliant with tax regulations is essential to avoid these negative outcomes, and we provide ongoing support to ensure your business meets all obligations.