Chartered Accountant for C-Scheme and MI Road, Jaipur

C-Scheme and MI Road form the older commercial centre of Jaipur. The banks, showrooms, hotels, hospitals, law and medical practices, and the head offices of family-owned groups have been here for decades, and many of the bungalows in C-Scheme belong to families whose younger members now live abroad. The accounting needs here are less about getting started and more about keeping a mature business, or a family's assets, in good order. These are the four kinds of work we are most often asked to do.

Established businesses and family groups

A business that has run for thirty years often has a structure that grew by accident: a partnership here, a proprietorship there, property held in a relative's name, loans between family entities that nobody documented. We review the structure, point out where tax or legal risk has accumulated, and help put it right: converting a firm into a company or LLP where that is sensible, regularising inter-entity balances, and setting up the agreements and resolutions that a future buyer, lender or arbitrator will ask to see. Succession between generations is handled with the same care.

Companies and LLPs

For a private limited company or an LLP the compliance list is long and the penalties for lateness are fixed by the day. We maintain the statutory registers, prepare board and general meeting documents, file the annual returns and financial statements with the Registrar, handle director and partner changes, share transfers and charge filings, and keep directors' own filings current. Where a company has gone quiet, we advise on whether to revive it or close it cleanly.

Statutory, tax and internal audit

Audit is a core part of the firm's practice. We conduct statutory audits of companies and LLPs, tax audits where turnover requires them, and internal audits designed around what actually goes wrong in a business of your type rather than a generic checklist. CA Sharad Bansal, at our Amba Bari office, specialises in concurrent audit, information systems audit and forensic investigation, which is useful when a bank, a board or a family needs an independent view of what happened.

Virtual CFO

Many mid-sized businesses around MI Road have an accounts department but no finance head. Our Virtual CFO service fills that gap on a part-time basis: a monthly management report that owners actually read, a cash-flow forecast, bank and working-capital negotiations, budgeting, pricing and margin analysis, and preparation for a loan, an investor or a sale of the business. The CFO roadmap explains how we usually phase this in.

NRIs who own property in Jaipur

Children and grandchildren of C-Scheme families who now live in the United States, the Gulf, the United Kingdom or Australia frequently own a house, a flat or a share of commercial property here. Rent received, a sale, or a gift between family members each has tax consequences in India, and sometimes in the other country too. We file the Indian return, handle the tax a tenant or buyer must deduct, apply for lower-deduction certificates before a sale, advise on repatriating the proceeds within the foreign exchange rules, and coordinate with your adviser abroad where treaty relief is available.

We should be clear: PVAR & Associates has no office in C-Scheme or on MI Road. Our Jaipur offices are at Tonk Phatak, the main branch, and at Amba Bari. Clients from central Jaipur come to one of these or we come to them.

For audit and Virtual CFO engagements, the work happens largely at your premises in any case. The audit team visits your office on agreed dates, and the Virtual CFO review is normally a monthly meeting in your boardroom with CA Amit Kumar Jain, followed by work done from Tonk Phatak. Company secretarial filings are prepared from documents you send and signed digitally.

NRI clients rarely visit at all. Documents are exchanged by email and a secure link, calls are scheduled around your time zone, and a family member in Jaipur with a power of attorney can sign where a physical signature is still required. We can also deal directly with your tenant or your buyer's lawyer on the tax deduction so you are not caught in the middle.

If you would prefer to meet before deciding anything, call the Tonk Phatak office on the number below and ask for a time.

The same two offices serve the whole city. If you live or work elsewhere in Jaipur, these pages describe how we help people and businesses there.

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