Practice Areas

We serve our clients with all the research and drafting of notes that are backed up and validated by the source. We also provide representation services till Tribunal level and assist counsels with provisions, facts and statements as required at the time of trial. With an experienced team we put in our best of knowledge and experience together in serving the legal formalities with due rules and regulations. Quality and security are the prime motives adhered to, and there is 100% guarantee of the same. This helps in providing viable solutions by blending knowledge about the industry/ technology with expertise in law to assist taxpayers. The team handles various complex matters, relating to:

• Income Tax Appeals;
• Income Tax Appellate Tribunals (ITAT);
• Handling search/ raid cases;
• Survey cases;
• Complicated cases of Investigation Wing of the Income Tax Department
•  Advance Rulings (aka AAR);
• Settlement Commissions;
• Service Tax & Excise Appeals;
• Appeals under Rajasthan VAT Act, 2006;
• Central Excise and Services Tax Appellate Tribunals (CESTAT);
• Goods and Services Tax Appeals;
• Goods and Services Tax Appeallate Tribunals (GSTAT);
• Enforcement Directorate Summons (ED);
• SEBI Matters;
• Registrar of Companies (ROC);
• Securities Appellate Tribunal (SAT);
• Competition Commission of India (CCI)
• Director General of Anti Dumping Duty.

Successful companies consider tax implications before they make business decisions. This makes tax compliance and tax advice a crucial element in their business process. Our taxation consultancy solutions provide absolute control to our clients, enabling them to align their strategies with the constant change in tax policies and regulations. Complex issues are handled effectively by our highly efficient team of professionals. Managing the complex tax issues and adapting to continuous ongoing tax reforms and changes can drain resources, time and money to a great extent. By having direct access to partners and senior management, our clients receive customized solutions to their business needs. We cater both Direct and Indirect tax services like :

Forensic accounting is the specialty practice area which involves the use of accounting skills to investigate fraud or fund pilferage and to analyze books of account with supporting documents for aid in legal proceedings. As the impact of fraud keeps pressure on bottom line, it is important to identify misconduct and plug the gap.

Forensic accounting requires knowledge of accounting, auditing and investigation. MnM’s consultants have many years of experience in forensic accounting, supported by relevant educational qualification. Knowledge of major ERP’s is another factor that aids MnM in Forensic Accounting

At MnM, we extensively use analytics and big data technologies for faster and accurate results. MnM has robust tools and technical prowess for conducting forensic audit to unearth fraud, misappropriation of funds or fund diversion.

Current Scenario

– Data Difficulty in analyzing data in multiple systems including complex ERP systems
– Huge Volumes of Data
– Advanced technology used by perpetrators of fraud
– Increased complexity in business environment that makes it difficult to identify fraud

How can we help

– Expertise in ERP audit and control assessments
– Extensive use of technology in the form of advanced analytics
– Experienced consultants backed by relevant qualifications
– Implementation of Fraud Risk Management Framework

Specific Services

– Fraud Investigation
– Digital Forensics
– Asset Discovery and Tracing
– Forensic Audit
– Fund Diversion
– Design of Fraud Risk Management Framework
– Implementation of Fraud Risk Management Framework
– Accounting Fraud Detection
– Integrity of Evidence Maintenance Solutions
– Remote Surveillance
– Fund Misappropriation

A properly structured estate plan can greatly impact the future of your beneficiaries, as well as provide you with peace-of-mind that your spouse and children will be accounted for after you’re gone. In the same way, a well-defined succession plan ensures your business and legacy will be passed on to the next generation or transitioned to key employees. We can assist with the orderly transfer of your assets to beneficiaries, providing security for your surviving spouse and reducing or eliminating tax due on business and asset transfers.

Our professionals can assist with the following services when it comes to estate and succession planning:

• Will Writing Services
• Owner/Management succession planning
• Buy/Sell agreement development
  
• Trust and estate administration
  
• Business succession planning
  
• Charitable gift planning
  
• Asset protection planning

We assist our clients in delivering prompt resolution on their home /property-related legal matters, taxation compliances, corporate/company compliances, business registration, brand incubation, and much more.

Our experts guide all throughout the practice, from drafting of the Family Settlement Agreement until it receives a legal sanction in the records of government.

• Internal / Management audits : The  audit techniques are customized as per client requirements. The scope of the audit is defined as per the internal controls and is carried out with specific emphasis on cost control.
• Project audits : Project Audits are carried out in a phased manner, right from the Planning to execution phase, where each milestone is assessed/reviewed for the inputs (cost, material etc) and the outcome of each phase is audited, with the budget slab.
• Risk assessment / reviews : Risk analysis are carried out during the execution of every phase of a business process and the corresponding risk factors envisaged are duly studied , to generate a Risk Mitigation Report. This helps our clients to minimize unavoidable risks and also take a different course in cases, where risks can be nullified.
• Fund utilization assessment / review : Reviews specifically designed for the trust which provide assurance to the contributor that amount has been utilized for the purpose it was given and compliance monitoring of other terms.
• Statutory audit : The audit of the Financial statements as per the statutory requirement under the various acts in which the organisation is incorporated, so as to be presented to the shareholders, members and other statutory bodies so as to present a fair and true views of the books of accounts.
• Certifications : Certifications are provided to management to meet their specific, statutory, financial needs.
• Tax audits : A tax audit is an examination of your tax return by an outside agency to verify that income and deductions filed are accurate. The income tax law asks the taxpayers to get the audit of accounts of their business or profession done according to provision of income tax law.
• Transfer pricing audit : Transfer pricing audit was introduced with a view to provide a detailed statutory framework which can lead to computation of reasonable, fair and equitable profits and tax in India, in the cases of multinational enterprises, and also introduced new s 92A to 92F in the Act, relating to computation of income from an international transaction having regard to the arm’s length price, meaning of associated enterprise, meaning of international transaction, computation of arm’s length price, maintenance of information and documents by persons entering into international transactions and definitions of certain expressions occurring in the said sections.
• Concurrent Audit : Concurrent audit is a systematic and timely examination of financial transactions on a regular basis to ensure accuracy, authenticity, compliance with procedures and guidelines. The emphasis under concurrent audit is not on test checking but on substantial checking of transactions.
• Operational Audit : An operational audit is an examination of the manner in which an organization conducts business, with the objective of pointing out improvements that will increase its efficiency and effectiveness. This type of audit is substantially different from a normal audit, where the objective is to examine the adequacy of controls and to evaluate the fairness of presentation of the financial statements.
• Stock Audit : In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key aspects like, supply chain management, logistics and inventory form the backbone of the business delivery function. Inventory management is a very important function that determines the health of the supply chain as well as it impacts the financial health of the balance sheet. 
• Revenue Audit : Revenue Audit is the audit of items governing income and expenditure. It is conducted with a view to verify the accuracy, relevance of expenditure incurred and income earned according to applicable circulars, notifications, etc.
• GST Audit : Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. The purpose is to verify the correctness of turnover declared, taxes paid, refund claimed and input tax credit availed, and to assess the compliance with the provisions of GST.
• Cost Audit : the verification of cost accounts and a check on the adherence to the cost accounting plan. It comprises of verification of cost accounting records such as, the accuracy of the cost accounts, cost reports, cost statements, cost data, costing techniques, and examining these records to ensure that they adhere to the cost accounting principles, plans, procedures and objectives.
• IND-AS Conversion & Audit : The conversion process extends beyond accounting to process, people, controls, and technology. From our perspective, there are 3 distinct stages to Ind AS implementation: assess your individual situation and requirements, complete the conversion activities, and sustain ongoing Ind AS reporting.
• Foreign Exchange Accounting : Foreign exchange accounting involves the recordation of transactions in currencies other than one’s functional currency. For example, a business enters into a transaction where it is scheduled to receive a payment from a customer that is denominated in a foreign currency, or to make a payment to a supplier in a foreign currency. On the date of recognition of each such transaction, the accountant records it in the functional currency of the reporting entity, based on the exchange rate in effect on that date. If it is not possible to determine the market exchange rate on the date of recognition of a transaction, the accountant uses the next available exchange rate.
  
   

We provide following secretarial services also :

• Company/LLP formation
• Advise on company law compliances
• Maintenance of statutory registers under company law
• Advise / assistance under Foreign Exchange Management Act (FEMA)
• Advise / assistance under Reserve Bank of India (RBI) regulations.

We help clients in getting more for their capital.

Mergers and Acquisitions

We provide M&D advice to institutions engaging in mid-market transactions in the financial services sector. We help our clients assess the strategic fit of a business by evaluating potential synergies, project managing the transaction steps, assisting in negotiations and financial models, and measuring transaction implications.

Operational Transaction Services

We focus on helping financial services clients to increase value from their transactions through all stages of the deal cycle, whether realizing synergies, facilitating a smooth integration, maximizing deal returns or reducing operational risk.

Transaction Support

We help client buyers and sellers make informed decisions and execute transactions while focusing on their capital agenda. Our focus is on helping our clients improve their outcomes.

Valuation & Business Modeling

We help our clients build effective business models to evaluate a new transaction, a new market opportunity or for other strategic purposes. Our team can help clients develop robust financial models to support key decisions and improve strategic outcomes.

We offer following services in the areas of Corporate Counselling & Consultancy

Our Services pertaining to IT are structured and customized to deliver the best of technology suiting best to the client’s requirement. These include:

• IT Policies: The IT Policies of the client company are studied and based on the study, IT strategies are devised by us. The existing policies are also reviewed to ensure compliance with the standard norms. Additionally, our scope of review extends to revision of the policies if necessary.
• BCP : Business Continuity Process or BCP outlines a plan of action / methodology in the event of a disaster (natural/artificial) . This ensures that all business processes are not disrupted , and maintain a state of continuity. BCP reviews also help in reducing operational risks and can be integrated with risk management practices, and information security systems
• DRP : (Disaster Recovery Planning) is a sub-process of BCP , and is a process of recovering / salvaging access to lost/corrupted data in hardware/software, to resume critical business operations. DRP reviews help in ensuring that the standard back up procedures are carried out periodically. Crucial factors such as RPO (recovery Point Objective) that determines how current the data should be and RTO (Recovery Time Objective) which determines the time-gap between disaster and recovery, are assessed. Also, the existing infrastructure for securing information systems is analyzed, and if found deficient , upgrading is advised.
• Structuring of IT set up : The working system/software at client’s end may require revamping/ remodeling/restructuring to maintain integrity and to suit the growing needs of the organization. Moreover, some legacy systems may call for a migration to a more robust, user-friendly and multi-utility software. Our team of certified ISA professionals assist our clients in restructuring their IT infrastructure to suit their requirements.

We also provide risk advisory and matrix development services to client in following areas :

• Development of Risk Matrix
• Risk Evaluation & Analysis
• Risk Categorisation of Corporates
• Vendor & Customer Ranking
• Rating Advisory Services
• Documentation of Risk Management Policy

We undertake due diligence activities and help clients in the following areas

Mehta & Mehta challenges the way back office services have traditionally been supplied allowing you to concentrate on growing your business. Through our specialist teams, we assist domestic as well as international companies/ accounting firms to be more efficient.

Our services include –

• Accounting Outsourcing
• Corporate Secretarial
• Payroll Service
• Payment Service
• Tax return Processing
• Maintenance of entire accounts for Private Equity/MNC