Arkay & Arkay Chartered Accountants - Corporate Profile

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EXCELLENCE . PASSION . EXPERIENCE
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2. Arkay & Arkay, Chartered Accountants is a professional services firm offering
multidisciplinary services in the domains of Direct and Indirect taxation, Audit and
Assurance, India Entry Advisory, Risk Advisory and other allied services to domestic and
global business of all sizes. The firm focuses on value optimization for clients by offering
practical yet innovative solutions.
We bring to the table deep subject matter expertise and knowledge coupled with a
sustained work ethic in the pursuit of excellence. At Arkay & Arkay, we are committed to
success, for our clients and our professionals who we nurture to live our core values.
At Arkay & Arkay, we do not set small targets. We envision being the best in the world in
all of the practice areas that we operate in. We measure ourselves against the best
worldwide and are committed to besting them on all accounts be it cost effectiveness,
customer service and most importantly timely advice which adds value to our client’s
operations. It is because we believe that in the growth of our clients, lies our success.
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Our People
Our professionals are recognized experts
in their respective domains. We leverage
our respective experiences to ensure a
thorough analysis of issues from all
possible perspectives, covering all aspects
of tax and regulations to bring to you the
highest quality , tailored advice.
Our team comprises of Chartered
Accountants, Lawyers and MBAs working
together to provide you the best value.
India Expertise
We know the Indian corporate environment
like the back of our hands. Therefore, we
are able to provide in-depth India entry
advisory to our clients. We help them in :
setting up their business presence in India,
performing due diligences on potential
partners, helping secure governmental
approvals. We also help foreign
businesses manage their India operations
by providing them managed services such
as accounts & finance and Payroll for their
India based employees.

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OUR
SERVICES

4. TAX
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As India opens its door to foreign businesses, it offers to the
world a wealth of opportunities, and to go with them, It also
offers a sizable number of challenges which a business
must conquer in order to attain the eventual prize, success.
To stay competitive it is imperative that both Indian business
and foreign entrants recognize the Indian tax challenge and
adequately prepare themselves to be successful in this
competitive landscape.
In the last few years the Indian tax and regulatory
environment has seen many changes, re-affirming the fact
that one needs to be their toes, ever ready, to succeed in
the country. It does not end there, In the years to come we
can expect more changes to the tax structure in the form of
legislations such as the Direct Tax Code (“DTC”), General
Anti Avoidance Rules (“GAAR”), Goods and Service Tax
(“GST”) and an increased focus on transfer pricing and
Advance Pricing Agreement(“APA”), plus an increased
spotlight on “Controlled Foreign Corporations” and “Place of
Effective Management”. This year we have already seen
changes in the form of overhaul of the Service Tax laws ,
with the ushering in of the negative list regime, and multiple
retrospective amendments in both Direct and Indirect tax
laws.
To further complicate matters business are fast blurring
international borders, thereby making tax compliance even
more convoluted and ensuring that it must be given the
attention that it truly deserves.
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Only organizations which treat tax as a strategic element of
their operation will find success in today’s environment. It is
critical that a business tax strategy must not only focus on
compliance with existing statues but must also anticipate
and be prepared for future developments in policy and
administration , not to forget developments in judicial circles.
Failure to take these factors into account increases nor any
compliance cost but also has significant impact on the
bottom-line of the company, by increasing the cost of doing
business in the country.
Business leaders realize that tax strategy is a critical
element in maximizing value of any venture and helps in
defining its overall success. A successful tax strategy needs
experts at the helm , who are aware of the challenges and
can help minimize tax and maximize value and to attain a
forward looking, beneficial tax strategy.
To be successful, therefore each organization should strive
to use legitimate tax planning to gain an advantage in this
competitive landscape. Lowering the effective tax rate in a
jurisdiction or across jurisdictions can yield multiple benefits
to all stakeholders.
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7.  Identifying tax exposures
and preparing plans
 Documentation,
Preparation and review of
corporate tax returns
 Representation before
Indian statutory and fiscal
authorities. strategy and
resolution; competent
authority proceedings
under tax treaties
 Inbound tax advisory
 Alignment of tax with
business strategies
Corporate Tax Advisory
& Compliance
 Preparation of corporate
tax and other returns,
including advice on
positions to be adopted in
the returns.
 Assistance in assessments
/ representation before the
Indian tax authorities
 Opinions on specific issues
and assistance during
change of law, rules and
developments due to new
case laws
 Contract structuring and
reviews
Corporate Tax
 Strategic tax and
regulatory advisory
services on cross-border
acquisitions and
divestitures
 Advisory on holding
structures and business
models,
 Treaty advisory and
utilization, GAAR advisory
 Transfer pricing study and
advisory vis-à-vis Indian
tax authorities
International Tax
 Advisory and compliance
services
 Review of Process,
compliance and position
taken
 Highlighting potential areas
of exposure
 Advise on tax optimization
 GST impact analysis and
assistance in transition
 CENVAT credit review
 Due Diligence
 Litigation related
Representation
 Service tax audit related
assistance
 Advice on classification,
valuation, duty liability and
the cross-credit scheme
Indirect Tax
Other Services
 Tax dispute resolution
 Litigation and
 Tax accounting under IFRS
or US GAAP
 Tax risk: identifying,
prioritizing, monitoring and
remediating risk
 Expat Tax
 Personal tax planning and
provision
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8. ADVISORY
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9. For private circulation only
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While the developed economies cope with stagnant
economies and negative growth rates, India offer a beacon
of opportunity in the form of an untapped market and a
steadily growing economy to power the engines of growth at
for global corporations.
The India story makes a compelling argument for M & A
activity as a means of gaining entry and growth in the
country. M & A and corporate restructuring have seen a
significance uptick in the past years and high growth,
promoter driven companies in India have come to be as
bullish about M & A and private placement as are
international investors looking for the right Indian partner to
deploy Capital.
Given the inherent complexities in the Indian regulatory
environment which offers significant challenges in the path
towards evaluation, execution and integration activities
careful planning and coordination is required to provide the
required outcome.
Arkay and Arkay offer a complete suite of advisory services
encompassing M & A, Risk Advisory, Capital Markets and
Transaction Support among others. Given today’s global
economic situation it is important that business maximize
their resources. To this end, we provide valuation opinion,
Business modeling, forecasting and structuring in addition to
other services. Our advisory wing offers services to handle
financial and operational risk challenges. We help strategic
and P.E Investors understand Financial, tax and business
exposures.
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10.  Preparing feasibility studies
and business plans
 New business
establishment
 Licensing, registration and
Govt. approvals
India Entry Advisory
 Business Risk services
 Internal Audits
 Operational and process
risk analysis
 Financial Risk Analysis
 Technology Risk Analysis
 Regulatory Risk Services
 Sarbanes-Oxley
compliance
 FCPA Compliance
 UK Bribery Act
Risk Advisory
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 Fund Raising Advisory
 Buy side advisory
• Formulation of strategy
• Scouting for targets
• Co-ordinating due diligence
• Finalization of documents
• Deal Execution
• Closure
 Sell side advisory
 Strategy to maximize
valuations
 Identifying buyers
 Managing valuation
expectations
 Negotiation Support
 Co-ordinating due diligence
 Deal Execution
 Closure
M& A Advisory
 Due diligence reviews
 Financial due diligence
 Business due diligence
 Evaluation of transaction
structures
 Valuations
 Assistance during
negotiations
 Assistance during
transition compliance
Transaction
Advisory
 Business reorganization
 IPO and delisting advisory
 Implementation support
 Fiscal
 Financial
 Capital Market
 Legal
 Regulatory
Business Re-
structuring
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11. ASSURANCE
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12. For private circulation only
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Winds of change are sweeping across the corporate
landscape, both in India and beyond. The financial reporting
environment is in a state of flux and is rapidly transforming.
Keeping in mind, the changing needs of the various
stakeholders, it is of utmost import then, for leadership,
management, audit committee and auditors to be updated
with the new developments.
Given this natural evolution in accounting regulations and
standards the question begs to be asked by management,
how can our organization keep up to date with these
regulations? For failure to comply, can be disastrous for an
organization.
Instances of fraud, bribery and corruption expose
companies to not only financial risk but also regulatory and
reputational damages. Laws such as FCPA have to be
complied with across geographies in the current
environment, there exists a need for companies to increase
their anti bribery and anti-fraud efforts to ensure that
stakeholders value is not lost, damaged or destroyed.
Stake holders are increasingly demanding greater
transparency in corporate governance while investors want
easier access to increasingly accurate and relevant financial
information coupled with full disclosure on exposure and
risks.
In addition the concept of CSR and Sustainable report has
also gained prominence in the recent past. Given the
ecological impact of businesses, Organizations are
increasingly adopting sustainability reporting as part of their
communication with shareholders. Sustainability Reporting
helps all stakeholders determine the real cost on profit of a
business and its environmental, social and economic
performance
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13.  Statutory Audits
 Concurrent Audits
 Financial Accounting
 Preparation of system
studies and accounting
manuals
 Other Agreed upon
procedures
Audit and Assurance
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 Secretarial Services
 Compliance with
requirements of Registrar
Of Companies (“ROC”)
 XBRL return filing
 Other Misc. Compliances
Company Law
Compliance
 Conversion from local
GAAP to :
• US GAAP
• IFRS
• UK GAAP
 Conversion from US
GAAP/IFRS to Indian
GAAP
 Diagnostic reviews
Conversion Services
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 Tax accounting under IFRS
or US GAAP
 Tax risk
• Identifying,
• Prioritizing,
• Monitoring, and;
• Remediating risk
Tax Accounting and
Compliance
 Sustainability review
 Assessing sustainability
impact
 Preparation of
sustainability reports as per
GRI framework
Sustainability

14. INDUSTRY
EXPERIENCE
Pharmaceuticals
Manufacturing
FMCG
Education
Consulting
Merchant & Investment
Banking
Shipping
Real-Estate
Engineering
Logistics
Construction
Information Technology
Wellness
Aviation
F&B
E-commerce
Travel & Tourism
Defense
Retail
Energy
Bio-tech
Agro
Retail Banking
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15. CONTACT
US
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Arkay & Arkay, Chartered Accountants
Suite 1101 | KLJ Towers North | NSP
New Delhi |110034
Ph : 91-11-2735-7350 | 91-11-2735-7030
info@arkayandarkay.com
www.arkayandarkay.com

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