Client Challenges
A client engaged in software consulting services approached PKC with the following challenges:
- No support in complying with transfer pricing norms, TDS & other income tax norms
- Sub-optimal financial reporting system to share information with parent company
- Problems in due diligence for VC funding
- Multiple accounting errors
PKC Solutions
- Helped to plan & comply with transfer pricing, TDS & other income tax norms
- Identified the tax non compliances & helped to rectify with minimal damages
- Rectified the accounting errors to improve accounting records transparency
- Established financial reporting system to share information with parent company
- Supported client to coordinate with American due diligence auditors
Results
- Helped client to raise a fund of $50 million from the venture capitalist.
- 1.2 LAKH P.A Tax savings.
- 100% transparent & consistent accounting records.
- Real time financial reporting system to parent company.
- 24-hour client query resolution system.
- Helped client to focus on core business activities
