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Services

OUR SERVICES

We offer quick, reliable and efficient service which are specially customised to our client’s requirements. We support our clients in various aspects of their operations and help by optimising their decision-making process. Our goal is to develop long lasting relationships that create genuine value to our customers. Our proactive problem-solving approach is key to developing these relationships, along with our commitment to being available when you need us most.



Start-Up Advisory:

Simple ideas become great products or ventures. When ideas are being productized, very important thing is to have a helping hand in making sure business is running with all the compliances. Initial stages of starting a business are most crucial. Failure to take appropriate steps during this period can spoil your plans completely.

Our advisory team can help start-ups throughout the product life cycle namely from ideation phase to stabilization phase. With an extensive experience in helping start-up business owners, we offer detailed and comprehensive framework of services as mentioned below.

  • Legal Structuring and new entity registration
  • Business Registrations & Licenses
  • Accounting, Tax & Compliance Management
  • Staffing and outsourcing support
  • Intellectual property rights
  • Legal advisory services
  • Financial Modelling and Valuation service
  • RBI / FEMA Compliances
  • Mentoring and CFO Services
  • Due diligence and fund-raising support
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Auditing & Assurance:

We provide range of Assurance and Audit services to a diverse client base ranging from small businesses & start-ups to large groups and development sectors. Our Auditing and assurance services are backed by decades of experience. Business dynamics and regulations environment are constantly changing. Having the right team to help you stay up-to date and one step ahead is crucial to continued growth of the organisation

Our assurance and audit services help clients strengthen investor and lender confidence and reinforce the value of their businesses.

We provide following auditing and Assurance Services:

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  • Statutory Audit of Companies and LLP’s
  • Internal Audits, Information System Audits, Concurrent Audits.
  • Conversion of financial statements for global reporting in compliance with IFRS, US GAAP
  • Operations and Efficiency Audit Services
  • Revenue and Income Leakage Audit
  • Audits under various sections of Income Tax Act, 1961.
  • Transfer pricing Audit
  • Stock Audit
  • Special investigative audit services like Reimbursement audit, Procurement audit, Systems Audit, Payroll Audit, etc.
  • Audit of PF Trusts, Charitable Trusts, Schools, Co-operative Societies, etc.
  • Due Diligence Review

Taxation Services:

Padakannaya & Co, Chartered Accountants, provides efficient and comprehensive tax compliance services to both businesses and individuals. We take an integrated approach to identify best tax positions and structure by routinely combining our collective industry knowledge and experience. Our tax compliance process focusses on accuracy, timely tax return preparation and filing and managing tax payment deadlines

We offer much more than standard tax compliance work. From start-ups to public companies, we possess the expertise and experience to help you navigate the operational and financial challenges that impact your business. As our client, you benefit from our results-driven approach that is tailored to suit your specific tax needs.

We provide range of services covering both Domestic and International Taxation.

Key Domestic Tax services for Individuals and Business:
  • Analysing tax implications of proposed transactions
  • Evaluating organisational structures for tax minimisation
  • Providing timely guidance regarding current and proposed tax changes
  • Co-ordination of personal and business tax issues with a focus on minimum tax impact
  • Timely completion and all tax return preparation and all tax reporting requirements
  • Advise on acquisition related tax issues and tax returns
  • Representation in tax litigations, scrutiny, assessments appeals etc.
  • Handling legacy tax issues
  • Co-ordination of correspondence, refund applications etc., with tax authorities
Key International Tax services for Individuals and Business:
  • Comprehensive tax compliance, planning and reporting on income tax treaties, branch profits, cross border transactions, withholding tax implications, etc.
  • Transfer pricing study and audit for cross- border transactions
  • Structuring foreign investments in India and Indian investments outside India
  • Providing assistance in customs clearance of imports / export of goods or services
  • Tax residency certificates, withholding tax certifications
  • Foreign gifts and inheritance
  • Expat taxation advisory services
  • Business set up in India and outside India
  • Representation before Reserve Bank of India (RBI) / Foreign Exchange Management Act (FEMA)

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Outsourcing, Business Support and Office Management Solutions:

Whether you are a start-up or an established business, our expert team can provide complete outsourcing solutions to complete or complement your accounting and administrative needs. We can serve as your CFO or as an extension to your in-house financial staff.

We implement best practices, processes and systems to ensure that we exceed the expectations of our clients from outsourcing. Our focus is on providing value for our clients such as identifying long-term sustainable growth opportunities, or meeting the day-to-day demands of tax and accounting compliance

Some of the outsourcing / Business Support Services which we provide are

  • Virtual CFO Services
  • Book-keeping / accounting or MIS reports
  • Budgeting and forecasting
  • Cashflow management and planning
  • Reconciliation Services like
    • Bank Reconciliation
    • Vendor reconciliations
    • Customer reconciliations
    • Tax reconciliations
  • Company Law Compliance Services
  • Payroll Processing
  • Reimbursement management
  • Stock accounting
  • Managing banking relationships
  • Provide merger and acquisition strategy and support
  • Fund raising support
  • Audit support
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We use best in class accounting platforms to manage your financials with greater control over processes and numbers, lower costs and best in industry quality. Some of the platforms in which our team has experience are Tally, Quick books, Zoho, Sage, MS- Axapta, MS- Dynamics, SAP, etc.


Financial and Business Advisory Services:

We provide and manage complete business set up services in India. We also offer services in the area of Business Transformation.

We provide scalable and dedicated team of experienced professionals to understand your needs and provide specific plans to stabilise your situation, improve financial health and advice on restructuring your operations to position your business for future success and growth

Below are the some of the financial and business advisory services which we provide


  • Assistance in Implementation and review of Internal Controls
  • Business Valuations
  • Transaction advisory Services
  • Corporate re-structuring
  • Assist in FEMA/RBI Compliances for Overseas Direct Investments and Foreign Direct Investments
  • Arrangement of Finance – Debt & Loan Syndication / Structuring
  • Preparation of Project Reports / CMA Data
  • Obtaining approvals for External Commercial Borrowers (ECBs) & Foreign Investment Promotion Board (FIPB)
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Registration and Related services:

Entities doing business in India must be aware of important compliance regulations and registration requirements applicable to them depending upon states in which they operate and nature of business entity.

The policy and procedures regulating and administering the Indian entities were progressively liberalized and simplified. However still there are number of registrations and compliance requirements are required to be complied with failing to do so would result into disqualification of directors or attracting penal provisions.

Our professionals will help the you to maintain legal, regulatory and tax compliance throughout the lifecycle of your Business and let you focus on what you should focus on - Your business

We provide various registration services to our clients based on their requirement. Some of them are mentioned below.

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  • Company Registration
  • One Person Company (OPC)
  • Limited Liability Partnership (LLP) Registration
  • Professional Tax Registration
  • Registration under Karnataka Shops and Establishment Act
  • MSME Registration
  • Employee Provident Fund Registration
  • Employee State Insurance Registration
  • STPI and Non STPI Registration
  • Import – Export (IEC) code
  • Trade License
  • Partnership Registration
  • Start-up India Registration
  • Trust and Society Registration
  • Registration of subsidiary of Foreign Company


NRI Advisory Services:

Non Resident Indians (NRI) are liable to file tax returns in India if they own assets or have taxable income in India. NRI is liable to pay tax in India on his ‘total global income’. It is possible that he may have to pay tax on his foreign income in that country also. To avoid such a situation the Government of India has entered Double Taxation Avoidance Agreements (DTAA) with various countries.

The taxation laws in India is undergoing tremendous changes. Our team of experts can provide you below mentioned personalised taxation advisory services

  • Tax on property sales
  • Capital gain exemptions on reinvestment
  • Assisting in obtaining Lower tax deduction Certificate
  • Repatriation of funds from India
  • Annual tax returns filing
  • Advising suitable tax saving investments
  • Handling tax notices
  • Tax planning for returning Indians
  • Repatriation of funds, etc.
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Consulting Services:

Most of our consultants have worked in Industry before joining our team. Hence, we know the practical issues and challenges faced by the organisation. Our rich industry experience allows us to provide practical and informed advice to the challenges faced by the organisations.

We Padakannaya & Co., provide structured, practical and result oriented advices after understanding the challenges which our client are experiencing.

Our team has experience in managing ERP implementations from start-ups to large organisation. We will provide honest, unbiased evaluation and guidance to our clients. Our experience with vendor contract negotiations will also ensure you receive the best terms and cost savings possible

We provide wide range of consulting services to address challenges of every business lifecycle including consulting on

  • Merger & Acquisitions
  • Due Diligence
  • Arrangements, Buy-outs, Business Acquisitions/Disposals, Stake Sale
  • Feasibility Studies, Investigations and Takeovers Valuation Services
  • Assistance in seeking rulings from advance ruling authorities
  • Process improvement analysis and structuring business models
  • Automations, ERP implementations
  • Assistance in applying and obtaining government incentives under various schemes (SEIS, MEIS, Duty Drawback, refunds, etc)
  • Assistance in preparing companies in fund raising
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