Frequently Asked Questions (FAQs)
Find Answers to Common Questions About Our Services
At SRV Associates, we understand that taxation, compliance, and financial management can be complex. Here are answers to some of the most frequently asked questions about our services.
General Questions
1. What services does SRV Associates provide?
We provide a comprehensive range of professional services, including:
Income Tax Services
GST Registration & Compliance
Company Registration
ROC & MCA Compliance
TDS & Payroll Management
Accounting & Bookkeeping
Startup Advisory
Business Advisory
Virtual CFO Services
2. Who are your typical clients?
We work with:
Startups
MSMEs
Private Limited Companies
LLPs
Partnership Firms
Sole Proprietors
Manufacturers
Healthcare Businesses
IT & Software Companies
E-commerce Businesses
Real Estate Companies
Professionals and Consultants
3. Do you provide online consultation?
Yes. We provide online consultations via Google Meet, Zoom, Microsoft Teams, and phone calls, allowing us to serve clients across India.
4. Can you manage all compliances for my business?
Yes. We provide end-to-end compliance management, including Income Tax, GST, TDS, Payroll, ROC, MCA, and statutory filings.
Income Tax FAQs
5. Who needs to file an Income Tax Return?
Every individual or business meeting the applicable income or statutory filing criteria should file an Income Tax Return as per the Income Tax Act.
6. Can you help reduce my tax liability legally?
Yes. Our tax planning services focus on identifying eligible deductions, exemptions, and tax-saving opportunities while ensuring full compliance with applicable laws.
7. What documents are required for filing an Income Tax Return?
Common documents include:
PAN
Aadhaar
Form 16
Bank Statements
Investment Proofs
Capital Gain Statements
Business Financial Statements (if applicable)
8. Can you help with Income Tax notices?
Yes. We assist clients in responding to Income Tax notices, assessments, scrutiny proceedings, and departmental communications.
GST FAQs
9. When is GST registration mandatory?
GST registration is required when your business meets the prescribed turnover threshold or falls under categories where registration is compulsory under GST law.
10. Do you file monthly and quarterly GST returns?
Yes. We handle GSTR-1, GSTR-3B, QRMP returns, annual GST returns, and related reconciliations.
11. Can you help with GST notices?
Absolutely. Our experts provide professional assistance in replying to GST notices and handling departmental proceedings.
12. Do you provide GST advisory services?
Yes. We advise businesses on GST compliance, Input Tax Credit (ITC), place of supply, classification, and transaction structuring.
Company Registration FAQs
13. Which business structure should I choose?
The ideal structure depends on your business goals, ownership, funding plans, taxation, and scalability. We help you choose the most suitable option.
14. How long does company registration take?
The timeline depends on document readiness and government processing. We guide you throughout the registration process to ensure timely completion.
15. Can you register LLPs and Private Limited Companies?
Yes. We register:
Private Limited Companies
LLPs
One Person Companies (OPCs)
Partnership Firms
Sole Proprietorships
ROC & MCA FAQs
16. What is ROC compliance?
ROC compliance includes annual filings, financial statement filing, annual returns, director KYC, and maintaining statutory records for companies and LLPs.
17. What happens if ROC filings are delayed?
Delayed filings may attract additional fees, penalties, and regulatory consequences. Timely compliance helps avoid these issues.
Payroll & TDS FAQs
18. Do you manage payroll for businesses?
Yes. We provide complete payroll processing, salary calculations, TDS, PF, ESIC, Form 16 generation, and statutory compliance.
19. Can you file TDS returns?
Yes. We manage TDS deduction, payment, quarterly return filing, and issuance of TDS certificates.
Startup Advisory FAQs
20. Can you help me start a new business?
Absolutely. We assist with company incorporation, registrations, compliance setup, accounting, taxation, and financial planning.
21. Do you help startups with fundraising?
Yes. We help prepare financial projections, MIS reports, business plans, and investor-ready documentation.
Business Advisory FAQs
22. What is Business Advisory?
Business Advisory helps business owners improve profitability, manage cash flow, optimize costs, and make informed financial decisions.
23. How can Business Advisory help my company?
Our advisory services help improve operational efficiency, financial planning, budgeting, profitability, and long-term business growth.
Virtual CFO FAQs
24. What is a Virtual CFO?
A Virtual CFO provides strategic financial leadership without the cost of hiring a full-time Chief Financial Officer.
25. Which businesses should hire a Virtual CFO?
Virtual CFO services are ideal for:
Growing Startups
SMEs
Manufacturing Companies
Technology Businesses
E-commerce Companies
Businesses planning expansion or fundraising
26. What does a Virtual CFO do?
A Virtual CFO assists with:
Financial Planning
Budgeting
Cash Flow Management
MIS Reporting
Business Strategy
Profitability Analysis
Investor Reporting
Fees & Engagement
27. How are your professional fees determined?
Our fees depend on the scope of work, business size, transaction volume, and complexity. We provide transparent quotations with no hidden charges.
28. Do you offer customized service packages?
Yes. We tailor our services to meet the unique requirements of startups, SMEs, and established businesses.
29. Can I outsource my complete finance function to SRV Associates?
Yes. Many clients outsource accounting, taxation, payroll, compliance, and CFO functions to us, allowing them to focus on business growth.
Working with SRV Associates
30. Why should I choose SRV Associates?
Businesses choose us because of our:
14+ Years of Experience
Qualified Chartered Accountants
End-to-End Financial Solutions
Industry-Specific Expertise
Personalized Support
Timely Compliance
Technology-Driven Processes
Transparent Communication
31. Which industries do you serve?
We specialize in:
Startups
Manufacturing
IT & Software
Healthcare
E-commerce
Real Estate
Professional Services
Trading Businesses
Hospitality
Construction
32. How do I get started?
Simply contact our team for an initial consultation. We'll understand your business needs, recommend the right services, and guide you through the next steps.
Still Have Questions?
Our team is here to help you with all your taxation, compliance, accounting, and business advisory needs.