Biswas & Associates
BISWAS & ASSOCIATES TAX FIRM

BISWAS & ASSOCIATES

Trusted Tax, Legal & Corporate Advisory Firm

Delivering expert solutions in Income Tax, GST, Corporate Law, Business Valuation and Strategic Advisory with integrity, transparency, and professionalism.

Mr. Sukhamoy Biswas (Tax Practitioner) providing expert tax advice and solutions to individuals and businesses.

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About Us

BISWAS & ASSOCIATES is a trusted and reputed Legal Advisory firm, offering comprehensive expertise and a wide spectrum of services, including IBBI Registered Valuation Certifications.

Corporate Law Advisory, ROC Due Diligence, GST & Taxation, Business Valuation, Income Tax Planning, and Start-Up Implementation Services. Since its establishment in 2014, the firm has experienced remarkable growth and successfully built a diverse clientele across multiple industries.

Backed by a team of highly qualified professionals with deep domain expertise, BISWAS & ASSOCIATES ensures tailored solutions that drive tangible results with strong collaborations and strategic partnerships across 2 states.

At the core of its practice, BISWAS & ASSOCIATES is guided by professionalism, integrity, transparency, and accountability, ensuring every engagement exceeds client expectations.

GST Services
Income Tax Services
Mr. Sukhamoy Biswas

Mr. Sukhamoy Biswas

Tax Practitioner

Providing expert tax advice and solutions to individuals and businesses. Helping you navigate the complexities of tax laws and maximize your financial benefits.

Dedicated to helping you minimize tax liabilities and optimize your financial strategies.

  • Risk & Governance: Managing global tax compliance and controls
  • Strategic Planning: M&A, restructuring, financing, supply chain
  • Value Preservation: R&D credits, incentives, transfer pricing
  • Controversy Management: CBDT, OECD tax dispute resolutions

About The Team

At Biswas & Associates, our team is the foundation of our success. We are a formidable group of highly skilled professionals, each bringing diverse educational qualifications and industry expertise to the table. With backgrounds in Chartered Accountancy (CA), Chartered Management Accountancy (CMA), Company Secretarial (CS), as well as a wide range of postgraduate and specialized courses, our professionals combine technical excellence with practical insights to deliver exceptional results.

This diverse blend of knowledge and experience allows us to serve clients across industries with innovative, tailored solutions. More importantly, what sets us apart is not only our technical expertise but also our shared passion for excellence. Every member of the Biswas & Associates is dedicated to achieving outcomes that go beyond expectations, driven by integrity, transparency, and professionalism.

Our synergy is more than a guiding principle—it is the core of how we operate. We believe that by harnessing the unique skills and strengths of each individual, we create a collective force that consistently delivers outstanding results. Each project we undertake is approached with enthusiasm, determination, and a commitment to adding lasting value for our clients.

The dedication of our staff remains the driving force behind our growth and credibility. From meticulous due diligence and taxation strategies to complex corporate structuring and valuation services, our team approaches every challenge with creativity and precision. This commitment ensures that clients receive not just solutions, but solutions that are sustainable, practical, and aligned with their long-term goals.

Our Services

Clients Handled

Ambuja Ambuja
Sonalika Sonalika
Ghoralia Samabay Bank Ghoralia Samabay Bank
E-Vehicle E-Vehicle
Ajanta Ajanta
Glass House Glass House
Rice Mill Rice Mill
Suzuki Suzuki
Captain Captain

Annexure- For Internal Audit

Biswas & Associates

Annexure

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1. Corporate Law ROC Due Diligence

  • Preparation of Minutes of Board Meetings, General Meetings and Committee Meetings
  • Preparation of Notice, Agenda and Attendance Sheets
  • Maintenance of Statutory Registers as per Companies Act, 2013
  • Preparation and filing of forms for Registration & Satisfaction of Charge
  • Review of events and filing of MGT-14

A. Private Company

  • Filing of MGT-7A, AOC-4
  • DIR-3 KYC / KYC WEB
  • DPT-3
  • MSME-1
  • DIR-8 and MBP-1

B. Public Company

  • Filing of MGT-7A, AOC-4
  • DIR-3 KYC
  • DPT-3
  • PAS-6 (Reconciliation of Securities)
  • MGT-14 for Directors’ Report

2. Startup Implementation Services

  • Implementation services for entities registered in India
  • Corporate Law Services
  • Audit of Financial Statements
  • GST Compliances
  • Income Tax Compliances
  • Business Valuation Services
  • Payroll Implementation Services
  • Handling Income Tax Compliances of entire workforce of the entity registered in India

3. Merchant Banking

  • Initial Public Offer (IPO)
  • Further Public Offer (FPO)
  • Preferential Issue
  • Rights Issue
  • Open Offer & Takeover
  • Mergers & Acquisitions
  • Demerger
  • Delisting
  • Valuation Report
  • Migration from SME to Main Board
  • Revocation of Suspension
  • Angel, Venture Capital, Private Equity and Qualified Institutional Placement Funding
  • AIF Registration
  • Debenture Issue

4. Accounting

  • Data entry in the accounting software
  • Trade Payable and Trade Receivable Reconciliation
  • Bank Statement Reconciliation
  • Depreciation Calculation
  • Balance Sheet and Profit & Loss Account preparation

5. Insurance

  • Guaranteed Life Insurance Term Plans
  • ULIP

6. Audit

  • Statutory Audit as per Companies Act
  • Internal Audit as per Companies Act
  • Tax Audit as per Income Tax Act
  • GST Audit as per Goods and Services Tax Act
  • Secretarial Audit as per Companies Act

7. Business Process & Internal Control

  • Designing Risk & Control Matrix for Financial and Non-Financial controls of all business processes across the company
  • Designing of delegation of authority matrix and entity-level control framework of the organization
  • Drafting of policies for various business processes (finance and non-finance) and providing guidance / training to users on the policies
  • Designing of service level agreements between organizations and business functions
  • Monitoring adherence to the same
  • Designing and testing of SOX control framework for entities to comply with SEC requirements
  • Testing of Internal Financial Controls framework including IT General Controls
  • Financial Control maturity enhancement program by designing automated controls and review controls

8. IT & Digitalization

  • Setting up of User Access Rights and Segregation of Duties framework
  • Providing assistance in digitization of Business Processes in implementation of IT applications & tools, RPA’s, Artificial Intelligence etc.
  • Providing support in ERP migration and conducting post implementation review (PIR)
  • Advising on best practices for agile / developing operations environments
  • Continuous monitoring through automation and data analytics

9. ESG

  • Designing ESG policies and frameworks aligned with Global Standards (e.g. GRI, SASB)
  • Developing ESG roadmaps and integration into business strategy
  • Identifying ESG risks, materiality assessment, stakeholder mapping and climate risks
  • Preparing ESG reports and providing reasonable assurance as per SEBI BRSR requirements

10. Internal Audit

  • Process Audit – Providing independent assessment on the effectiveness of processes, controls and compliance
  • Financial Audit – Checking accuracy of accounting records, financial reporting and compliance with accounting standards
  • Operational Audit – Assessing efficiency, effectiveness and economy of operation processes
  • Compliance Audit – Reviewing adherence to laws, regulations, contracts and internal policies (e.g. SEBI, GST)
  • IT Audit – Evaluating Data Integrity, IT General Controls, application controls and Cyber Security
  • Risk Based Audit – Focusing on high-risk areas as per the risk management framework
  • Continuous Monitoring – Proactive risk management through continuous monitoring of processes and controls
  • Agile Audit – Applying agile audit principles in high priority and high-risk areas
  • Special Audits / Ad hoc reviews – Due diligence for Mergers & Acquisitions, inventory & fixed assets verification, review of contract compliances

11. Risk Management

  • Risk Identification – Assisting in formulation of enterprise risk assessment, business process risk mapping, strategic risk identification and emerging risks
  • Risk Assessment – Determining qualitative and quantitative risk assessment through likelihood vs impact risk rating methodology
  • Risk Mitigation – Designing internal controls, risk treatment plans, business continuity and disaster recovery planning

12. Corporate Governance

  • Governance Framework – Designing policies and training materials on Corporate Governance to comply with requirements of Companies Act, SEBI and other regulators
  • Governance Risk & Compliance – Internal Audit, Financial Control testing, ERM Framework, model business process and contract governance
  • Internal Investigations on topics such as POSH, Anti-Corruption and Anti-bribery

13. Other Services

  • Incorporation of Company and LLP
  • Inspection of Public Documents and Registration of DSC
  • Secretarial Audit of Public Company and Listed Company
  • Redemption of Preference Shares
  • Strike Off of Company and LLP
  • Shifting of Registered Office from one State to another State
  • Shifting of Registered Office within cities
  • Reduction of Share Capital
  • Increase of Authorised Capital
  • Issue of Shares on Rights basis and Private Placement basis
  • Condonation of Delay in Non-Filing of MGT-14
  • Filing of Financial Statements in XBRL
  • Audit for the purpose of MGT-8
  • Appointment of Statutory Auditor
  • Appointment and Resignation of KMP

14. Business Valuation

  • Evaluating the worth of your Company for Mergers and Acquisitions
  • Internal Use
  • Brand and IP Valuation
  • Fund Raising / IPO / PE

15. GST

  • GST Registration
  • Filing of GSTR 1
  • Filing of GSTR 3B
  • Reconciliation with GSTR 2B
  • Filing of GSTR 9
  • Filing of GSTR 9C

16. Income Tax

  • Preparation and Filing of Income Tax Returns
  • Calculation of Advance Tax
  • Calculation of TDS
  • Tax Advisory and Tax Planning

17. Personal Income Tax Services

  • Assistance in mobility function
  • Individual tax compliance, reporting and advisory services
  • Drafting / review of assignment-related documentation
  • Designing deputation structures
  • Projected tax cost estimates
  • Stay-at-home hypothetical tax calculations and annual tax equalization reconciliations
  • Conducting entry / exit tax briefing
  • Assistance in obtaining Permanent Account Number (PAN)
  • Assistance in estimating the monthly withholding tax liability
  • Preparation and filing of personal income tax returns
  • Employer withholding tax compliances (remittance advice, quarterly withholding tax returns)
  • Salary-cum-withholding tax certificates
  • Assistance in obtaining No Objection Certificate on exit
  • Assistance in obtaining Tax Residency Certificates
  • Representation before India tax authorities

18. Corporate Income Tax Services

  • Preparation of computation of quarterly advance income tax liability
  • Preparation of computation of monthly withholding income tax liability
  • Preparation and filing of quarterly withholding income tax returns
  • Preparation and filing of annual income tax returns
  • Tax health check to ascertain level of compliances
  • Assistance in certification of various forms such as Form 15CB, 29B, 10CCB, 10DA etc., as applicable
  • Assistance in regularization of compliances and suggesting way forward to mitigate risk / exposure
  • Providing opinion on specific litigative / complex issues arising from income tax legislation and available judicial precedents
  • Preparation of brief for opinion and approaching Counsel / Senior Counsel to obtain opinion on client’s behalf

19. RBI / FEMA / Exchange Control Services

  • Consultations and guidance on matters relating to exchange control regulations
  • Assistance on approvals from RBI / DPIIT on issues such as inbound and outbound investments
  • Assistance in external commercial borrowings, foreign direct investment and sector-specific approvals
  • Assistance in establishment of Branch Office, Liaison Office and Project Office and their ongoing compliances
  • Guidance on issues under Foreign Contribution Regulation Act (FCRA)
  • Assistance in seeking approval, registration and compliances before Ministry of Home Affairs
  • Feasibility analysis of obtaining R&D benefits
  • Assistance in processing application for recognition / approval of R&D facility with respect to Section 35(2AB) of Income Tax Act, 1961
  • Regulatory health check to ascertain level of compliances
  • Assistance in regularization of compliances and compounding of contraventions thereunder

20. M&A / Corporate Structuring Services

  • Review of existing group structure from a tax-efficiency perspective
  • Optimizing group earnings
  • Consolidation of multiple entities within the group and existing structure
  • Facilitation of tax consolidation and loss utilization
  • Tax-efficient exit planning
  • Transaction structuring considering management discussions, review and analysis
  • Conceptualization of restructuring plan
  • Implementation assistance
  • Assistance in relation to schemes of demerger, merger and slump sale
  • Liaising with law firms for various activities relating to demerger, merger and slump sale
  • Advising on tax issues during court processes

21. GST / Indirect Tax Services

  • Assistance in obtaining GST registration
  • Preparation and filing of monthly and annual GST returns
  • Assistance in GST reconciliation
  • Assistance in GST audit
  • Assistance in GST litigation
  • Assistance in pending litigations relating to VAT, Excise and Service Tax matters
  • Assistance in global trade areas such as Customs Duty, Foreign Trade Policy and Preferential Trade Agreements
  • Providing opinion on specific litigative or complex issues from GST / Indirect tax perspective
  • Preparation of brief for opinion and approaching Counsel / Senior Counsel to obtain opinion on client’s behalf

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