With the growth in the Business Process Out-source (BPO) market,
M & P has set up a separate division to offer shared services
to several clients. M & P currently provides support in the
services [both offline and online]:
M & P processes accounting data based on inputs from clients
and maintains the basic accounting records and books required under
Indian commercial and tax laws. The service includes compilation
of financial statements, provision of accounting reports and MIS
for use by the client.
M & P undertakes the processing of individual income tax for
employees on behalf of their employers / corporate bodies. This
Computing the individual’s tax liability
based on payroll inputs
Reconciling withholding tax with the tax liability
Assisting in the issue of withholding tax certificates
Assisting clients in verifying and validating
“tax-proof” submitted by employees.
M & P assists its clients in assessing their indirect tax liability
under various commercial and tax laws and maintaining suitable records
for this purpose.
M & P maintains statutory records, typically required under
various Indian Corporate Laws, on behalf of several clients.
Physical Verification of Fixed Assets and compilation
of Fixed Asset Register