FAQ

Here are some of the most frequently asked questions by our clients.

1. WHAT DOCUMENTS ARE REQUIRED FOR INCOME TAX RETURN (ITR) FILING?

For salaried individuals, you generally need:

  • Form 16 from your employer
  • Salary slips (if applicable)
  • Details of other income (interest, rental, capital gains, etc.)
  • Investment proofs for deductions (80C, 80D, etc.)
  • Bank account details

For businesses/professionals:

  • Books of accounts / accounting records
  • GST returns (if applicable)
  • TDS details
  • Bank statements

2. HOW DOES GST REGISTRATION WORK AND WHO NEEDS IT?

Any business with a turnover above the prescribed limit (currently ₹20 lakh for services and ₹40 lakh for goods, with variations by state and category) is required to register for GST. Voluntary registration is also possible to claim input tax credit.

We assist clients with:

  • New GST registration
  • Filing monthly/quarterly GST returns
  • Claiming input tax credits
  • GST audits and assessments

3. WHAT IS A VIRTUAL CFO (VCFO) SERVICE AND HOW CAN IT HELP MY BUSINESS?

A VCFO provides financial expertise on-demand, without the need for a full-time CFO. Services include:

  • Cash flow and working capital management
  • Budgeting and forecasting
  • MIS reporting and dashboards
  • Fund-raising support and investor reporting
  • Compliance oversight

This helps MSMEs and startups save costs while gaining high-quality financial guidance.

4. CAN YOU HELP WITH ERP IMPLEMENTATION & ACCOUNTING SYSTEMS?

Yes, we provide consultancy and implementation support for accounting and ERP systems like Tally, Zoho Books, QuickBooks, Odoo, and custom solutions.

Our services include:

  • Identifying the right software for your business
  • Implementation and migration support
  • Training for your staff
  • Ongoing maintenance and process automation

5. HOW CAN I REDUCE MY TAX LIABILITY LEGALLY?

Tax savings can be achieved through:

  • Proper use of deductions (80C, 80D, 80G, etc.)
  • Investments in tax-saving instruments (ELSS, PPF, NPS, etc.)
  • Structuring salary in a tax-efficient way
  • Claiming business expenses correctly
  • Effective use of depreciation and carry-forward losses

We help you with tax planning strategies that are fully compliant with Indian laws.

6. DO YOU PROVIDE AUDIT & ASSURANCE SERVICES?

Yes, we conduct:

  • Statutory audits under Companies Act
  • Tax audits under Income Tax Act
  • GST audits
  • Internal audits for risk and control improvements

Audits ensure compliance and also strengthen your internal systems.

7. WHAT ARE THE BENEFITS OF OUTSOURCING ACCOUNTING & COMPLIANCE?

  • Saves time and resources
  • Ensures accuracy and compliance
  • Access to expert professionals without full-time hiring costs
  • Timely filing of returns (ITR, GST, TDS, PF, ESI, etc.)
  • Focus on core business while we manage compliance

8. HOW CAN I CONTACT YOU FOR A CONSULTATION?

You can reach us via:

  • 📧 Email: [contct@caamarpandey.com]
  • 📞 Phone: [9793037040]
  • 📍 Office: [9793037040]

Didn’t find your answer? Please feel free to contact us. Our team will be happy to assist you with your tax, GST, accounting, ERP, or CFO-related queries.