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Our Services

Our Services

R P Khandelwal & Associates offers professional services across the following practice areas. All services are delivered in accordance with the standards and guidelines prescribed by the Institute of Chartered Accountants of India (ICAI) and applicable statutory provisions.

Audit & Assurance

The firm undertakes various audit and assurance engagements in accordance with the Standards on Auditing issued by ICAI. Services in this area include:

Statutory Audit

  • Statutory audit of companies under the Companies Act, 2013
  • Audit of partnership firms, LLPs, trusts, and other entities
  • Audit of Non-Banking Financial Companies (NBFCs)
  • Branch audits of banks and financial institutions

Tax Audit

  • Tax audit under Section 44AB of the Income Tax Act, 1961
  • Audit of charitable trusts and institutions under Section 12A/12AB

Internal Audit

  • Internal audit of corporate and non-corporate entities
  • Systems audit and review of internal controls and processes
  • Revenue audit, concurrent audit, and stock audit of banks
  • Review and reporting on internal financial controls (IFC)

Certification & Assurance

  • Issuance of certificates required under various statutory provisions
  • Net worth certification
  • Certification of financial statements for regulatory purposes
Taxation

Direct Taxation

The firm provides compliance and advisory services in the area of direct taxation, including:

  • Preparation and filing of income tax returns for individuals, firms, companies, trusts, and other entities
  • Computation and advice on advance tax obligations
  • TDS compliance — deduction, deposit, returns and rectifications
  • Tax planning for corporates and individuals within the framework of applicable law
  • Structuring of employee remuneration for tax efficiency
  • Bulk filing of employee income tax returns
  • Preparation of submissions and grounds of appeal before income tax authorities
  • Representation before assessing officers and appellate authorities

Indirect Taxation — Goods & Services Tax (GST)

The firm provides a range of services in the area of Goods & Services Tax:

  • GST registration and cancellation
  • Preparation and filing of GST returns (GSTR-1, GSTR-3B, GSTR-9/9C, and others)
  • GST reconciliation — books vs. GSTR-2A/2B
  • Advisory on GST applicability, rates, exemptions, and input tax credit
  • GST refund claims — exports, inverted duty structure, and others
  • Representation in departmental audits and scrutiny proceedings
  • Representation before GST authorities at various levels
  • GST impact assessment and compliance review for organisations
Corporate Advisory & Compliance

The firm provides advisory and compliance services in corporate and commercial matters, including:

  • Incorporation of companies, LLPs, and other business entities
  • Assistance in preparation and filing of documents with the Registrar of Companies (ROC) — annual filings and event-based filings
  • Maintenance of statutory registers and records
  • Drafting of Subscription Agreements and Shareholders Agreements
  • Assistance in drafting of various commercial and legal agreements
  • Due diligence — financial, legal, and operational
  • Corporate restructuring advisory
  • Compliance review under the Companies Act, 2013 and allied regulations
  • Coordination with key management personnel, prospective investors, and venture capital entities as required

Risk Advisory

The firm provides services relating to risk identification, assessment, and management, including:

  • Risk assessment and risk-based internal audit
  • Review and design of internal control frameworks
  • Design and documentation of Standard Operating Procedures (SOPs)
  • Formulation of financial and operational policies
  • Review of compliance with applicable laws and regulations
  • Due diligence engagements for mergers, acquisitions, and investments
  • Identification and reporting of control weaknesses and process gaps
Accounting & Outsourcing Services

The firm provides accounting and finance outsourcing services to organisations requiring assistance with day-to-day financial operations. Services include:

Bookkeeping & Accounting

  • Maintenance of accounting records under applicable standards
  • Preparation of annual financial statements
  • Fixed assets register maintenance and depreciation schedules
  • Cash flow and fund flow statements
  • MIS reporting and budgeting support

Payroll Processing

  • Design of salary structures and compensation breakups
  • Preparation of monthly payroll sheets
  • Tax withholding computation from payroll (TDS on salary)
  • Preparation and filing of income tax forms relating to salary

Reconciliation & Vendor Management

  • Reconciliation of party ledgers and bank accounts
  • Vendor management and accounts payable support
  • Fund and cash management support
Management Consultancy

The firm provides management advisory services to assist organisations in areas of financial and operational management, including:

  • Financial analysis and advisory
  • Project financing — preparation of project reports and credit proposals
  • Business planning and forecasting
  • Review and improvement of financial reporting systems
  • Systems study and process improvement recommendations
  • Assistance in setting up accounting and financial control systems
Financial advisory

The firm provides financial advisory services on specific transactions and matters, including:

  • Advisory on financial structuring of transactions
  • Ind AS and IGAAP advisory — accounting treatment of complex transactions
  • Consolidation accounting advisory
  • IFRS / Ind AS transition support
  • Assistance with equity transactions and valuations
  • Advisory to corporates on financial systems and internal financial controls