NEWS & EVENTS

• Income Tax exemption limit raised to Rs.2,00,000/-

Deduction in respect of investment in Infrastructure Bonds to continue for one more year.  

Payment on transfer of certain immovable property other than agricultural land will be subject to TDS @ 1%. 

Across the board increase in excise duty by 2% will result in increasing the prices of many goods 

Service tax rate increased by 2% plus education cess @ 3%. Almost all services except a few, to cost more.

Customs duty on luxury items like large cars, imported bicycles, gold & platinum jewellery, cigarettes etc. increased.

Minimum Alternate Tax u/s 115JC made applicable to all taxpayers.

Turnover limit for compulsory tax audit for SMEs proposed to be increased from Rs. 60 lakhs to Rs.1 crore.

Assets held abroad to be compulsorily reported in the return of income.

Long term capital gain on sale of residential house will be eligible for exemption if invested in equities of eligibe SMEs.

Amendment to the definition of 'residence' proposed with retrospective effect from April 1, 1962. Accordingly, shares in a foreign company shall be deemed to be situated in India if such shares derive their value from assets located in India.

 

Welcome to
MVR & Co,

MVR and Co is a firm  of chartered accountants offering a gamut of services in accounting, auditing, tax management and planning, business and financial management etc.

Established in 1984, the firm is headquartered in  Bangalore with an office at Coimbatore and has presence in major cities across India through synergistic collaboration with various associates operating out of those cities. This enables us to serve a diversified base of national and international clients.

The work culture in MVR and Co is professional, personalized and excellent.

At MVR and Co there is no ‘standard solution’ for tax and finance related problems. We believe that understanding each business and the place of origin of the business along with the sentiments involved plays a vital role in providing suitable assistance and service. An experience of over two decades in assisting the setting up of new ventures and partnering their growth through the years has equipped us with an appreciation of the needs and requirements of such organizations. MVR and Co specializes as a one stop financial solution provider for start-up companies and new businesses. Our key differentiator is the ability to effectively provide a single-window, cost effective and personalized service to such start-up businesses.

 

Solutions & Services

* Auditing and Accounting
* Accounting & Taxation Out source
* Business Management & Financial Consultancy
* Corporate Finance & Related Services
* Central Excise & Custom
* Direct Tax Services
* Off-shore Clients Services
* Organizational Development
* Other Services
* Service Tax Procedure & Refund
* Special Additional Duty