Accounting and Reporting
Treasury is a specialized function close to the core of any successful global organization. Genpact has extensive experience in providing treasury services to help improve treasury efficiency as well as management control. We offer best-in-class cash optimization services Financial Accounting & Reporting is the most up-to-date text on the market. Now fully updated in its edition, it includes extensive coverage of International Accounting Standards and International Financial Reporting Standards.This market-leading text offers students a clear, well-structured and comprehensive treatment of the subject. Supported by illustrations and exercises, the book provides a strong balance of theoretical and conceptual coverage. Students using this book will gain the knowledge and skills to help them apply current standards.
In today’s highly sensitive compliance and reporting environment, many public companies require an experienced and proactive advisor to assist them with financial reporting, tax, and accounting matters. Under the regulations of the SEC and Sarbanes-Oxley, public companies’ external auditors are precluded from performing many of these services.Eisner has a great deal of experience in this environment, providing us with the resources to assist our non-audit clients with:
 
  • Accounting and reporting of current and new accounting pronouncements
    		•
     
  • Reading and commenting on the company’s quarterly and annual financial statements prior to submission to your external auditors
    		•
     
  • Reading and commenting on other information included in SEC filings
    		•
     
  • Assistance in technical accounting areas, such as income taxes and share-based compensation
    		•
     
  • Assessment over key accounting assumptions and practices
    		•
    Improvement and integration of tax accounting and reporting into the finance function has never been more important than it is today. Financial restatements coupled with increased regulatory scrutiny of tax accounts and related tax disclosures have elevated the focus on tax accounting and exposed significant problems in many companies.Many companies lack the resources and experience to meet today’s tax accounting challenges, especially considering the mounting pressure to increase accuracy within increasingly tight deadlines. These challenges will be further complicated by the emergence of international shared services and IFRS convergence, putting even more strain on an already resource constrained tax function.PricewaterhouseCoopers’ Tax Accounting Services team, part of our broader Tax Management & Accounting Servicesnetwork, is comprised of dedicated technical specialists around the globe who provide guidance, and direct best practice approaches related to a range of tax accounting issues.

    Tax Payment
    The Income Tax Act, 1961, as an individual, you have to pay advance tax if the total tax payable in the relevant financial year exceeds Rs 5,000. Apart from the regular sources of income, like salary, business/profession and other sources like interest, advance tax is also payable on non-regular income like capital gains.Advance tax has to be paid before the relevant financial year comes to an end. So, for the year 1 April 2001 to 31 March 2002, any amount that is paid before 31 March
    Business Tax Deductions
    Small business tax deductions. This means, Certain expenses, are allowed to be deducted from your sales value to reduce your overall taxable profit and hence your small business taxes.These Small business tax advantages are changed regularly by law, and it is important to check the latest information with a good firm of tax accountants.