M/s. Lakhani & Lakhani has been a very active firm since the firm was founded in 1996. Its areas of practice have expanded to cover almost all aspects of business. It has been offering services in areas of auditing, taxation, accounting and consultancy.

The services extended by the firm have been organized in three modules.

Each is staffed with well-qualified and experienced professionals. A brief description of the range of services provided in each of the modules is as follows:

Auditing and Business Advisory Services

The firm carries out audit under the various statutes such as

• Companies Act, 1956
  
• Income Tax Act, 1961 (Tax Audit)
  
• The Maharashtra Co-operative Societies Act, 1960
  
• Banking Regulation Act, 1949
  
• Insurance Act
• VAT Audit

This ensures the strict adherence to the various laws as well as the accounting and auditing standards.

In case of clients in the business of share & stock broking, the firm also conforms that the various requisites of the Securities Contract (Regulation) Rules & SEBI guidelines have been adequately met with.

The firm conducts internal & management audits to place and inspect the various internal controls and checks, designed for smooth and efficient working of the clients business.

The gamut of assignments taken by the firm includes

• Cost reduction
  
• Deployment of scarce resource and
  
• Increase of profitability

The services offered by the firm serve as a guide to the clients to improve their business performance by making sound informed decisions.

The firm formulates effective tax strategies resulting in efficient tax planning, in compliance with the Income Tax Laws.

The direct tax services are offered to wide range of persons being

• Individuals-resident & non-resident
  
• Hindu Undivided Families
  
• Partnership firms
  
• Co-operative societies
  
• Private & Public Companies.

The assignment include compliance with :

• Procedure relating to TDS
  
• Procedure relating to Fringe Benefit Tax
  
• Income tax Returns
  

The indirect tax services offered by the firm to its clients includes of:

• Value Added Tax
  
• Excise & CENVAT
  
• Service tax

The firm offers outsourcing services in the areas of accountancy and book keeping. This includes maintenance of books and records as well as the preparation and finalization of accounts.

The firm also helps its clients in recruitment of personnel in fields of accounting and finance.

Other Key Assignment:

• Designing and implementation of ERP for an Education Institutions.
  
• Arranging Finance including Venture Capital for clients which includes :-
  
  • Project feasibility Study
    
  • Preparation of Projected income and cashflow statements.
    
  • Liasoning with various Financial Institution including Private Venture Capital.
    
• Business Advisory for promoters & senior management in respect to long term strategy Brand Building, Growth Plans and Related Matters.