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Research oriented solutions for Data Science and Machine Learning business needs.
About Us
The VAT management is a very intricate area for an entity that a client requires for handling by the professional accounting firm to assure compliance of vast and multifaceted legal provisions specific to organizations. The VAT regulations promulgated by the Govt/ NBR is much more rigid and complex, giving rise to misinterpret the provisions by the officials unjustly. This has resulted in more difficult to manage the VAT compliance now more than ever. AAKC is highly experienced in handling VAT issues of good number of clients. Retainer Services: 01 Monthly VAT return (Mushak 19) preparation & submission. Streamlining processes, ensuring compliance, and maximizing returns. 02 Review of the transactions as to whether VAT is deducted as sources Streamline VAT compliance for businesses. 03 Deposited to the Government exchequer on timely basis and to the right code of accounts Boosting efficiency, we ensures timely, accurate deposits to government exchequer. VAT Consulting: VAT assessment at various level (Assistant Commissioner/ Commissioner/ Appellate Tribunal), documents preparation & review, attending hearing on behalf of clients.

Valuation is the process of determining the worth of an asset or company that is required for various purposes. Valuation is important because it provides users that may be a prospective buyer or seller with an idea of how much they should pay for an asset or company and for prospective sellers, how much they should sell for. Organizations also may need it at the time of additional issues of share capital, sale of existing shares, going for IPO, merger or acquisition etc.

Many of our foreign clients commence their operations in Bangladesh through Liaison and Branch offices because these are the most straightforward legal entities to set up that sufficiently meet their business needs. The Bangladesh Bank and the Bangladesh Investment Development Authority (BIDA) are the regulatory bodies for Liaison and Branch offices. We offer several services to help meet client reporting obligations under these regulatory bodies: 01 Annual External Audit Performance 02 Monthly Internal Audit of Accounts 03 VAT and Tax Compliance Review 04 Monthly Salary Tax and Other Withholding Tax Calculation 05 Quarterly Tax Return Filing with the Bangladesh Bank 06 Salary Tax Return Filing for Foreign Employees 07 Annual Income Tax Return Filing 08 Obtaining Tax Clearance Certificate 09 Bookkeeping Services 10 Renewing Permission from BIDA

As corporate legal matters have significant bearing on the finance and accounting aspect of a company or entity, it is very much required to be updated and compliant with the corporate and legal requirements. As a professional accountancy firm, Azad Abul Kalam & Co has vast experience (from formation of a company to liquidation) in dealing the corporate legal services to its clients. We at Azad AAKC offer clients a broad range of business support services which includes corporate secretarial services as mentioned below; Corporate Secretarial Services with RJSC 01 Name Clearance of Company Ensuring name clearance for the company to avoid legal complications. 02 Name Change Name change is a legal process that allows individuals to adopt a new name, often undertaken for personal, cultural, or professional reasons 03 New Company Incorporation Launching innovation, one company at a time, with precision 04 Address Change Facilitating seamless and efficient company address changes to enhance your organizational agility 05 Share Transfer Share transfer involves the sale or assignment of ownership in a company, facilitating changes in shareholder composition and control 06 Director Change Director of Change to seamlessly navigate organizational transformations, fostering adaptability and positive outcomes for the company. 07 AGM & EGM Preparation AGM and EGM preparation for companies, ensuring compliance and effective communication with shareholders 08 Increase/ Decrease Share Capital Adjusting share capital: Increase to raise funds or decrease for strategic restructuring and optimization 09 Return Filing (Annual & Return of Changes) Submitting annual returns ensures compliance with regulatory reporting obligations 10 Partnership Registration Dedicated to streamlining and facilitating seamless partnership registration for your company’s growth and success 11 Draft MoA & AoA Preparation Memorandum and Articles of Association, ensuring precise and compliant documentation for seamless company establishment Bangladesh Investment Development Authority (BIDA): Liaison/Representative Branch Office Registration & Renew of Registration. Application of Approval of Outward Remittance (Royalty/Technical Know How fee/Technical Assistance Fee/ Fran chaise/ Other Technical. Certification for Outward Remittances.

Due diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party. A due diligence report is key to finalizing an investment, merger, acquisition, or legal agreement. The due diligence report offers a comprehensive exploration and explanation of a property, a company’s financial records, or a company’s overall standing in the marketplace. AAKC has wide experience and expertise for due diligence review of clients as and when required.

The core functioning of the firm is audit of entities that is primarily the process of screening the financial transactions of a company or organization. The audit essentially checks the accuracy of the financial reports, complying with the policy, process and other regulatory and legal requirements relevant to the concerned organization. Assurance is the confirmation to the stakeholders and users– by way of certifying the financial statement– that the financial records and reports are reliable, free from material error, misstatement, misrepresentation and reflect a true and fair view. We are committed to delivering high quality audit and assurance services. Our services are in line with the International Standards on Auditing (ISA). We render personalized service and solution-based advice to deliver value and underpin stakeholder confidence. Our risk-based audit approach ensures that we focus on significant business issues affecting our clients’ financial statements with understanding of International Financial Reporting Standards (IFRS). Statutory Audit: 01 External Audit-Statutory Audit 02 Interim Audit-for specific purpose 03 Special Audit-as required by any stakeholder 04 Provident Fund Audit 05 Gratuity Fund Audit 05 WPPF Audit

Azad Abul Kalam & Co offers a broad range of tax advisory services to its clients at both corporate and individual levels. Our Managing Partner Mr. Abul kalam Azad FCA has specialized himself in taxation for over three decades. Individuals and corporate houses have been relying on our firm for timely settlement and finalization of tax assessment in an efficient manner complying with the provisions of the relevant tax laws and availing all eligible benefits for the entity/ organization. There has been a dedicated team to handle the comprehensive tax matters for the clients. AAKC assistance to its client to: Corporate Tax 01 Review and submission of return U/S 108 & 177 02 Advising on proper withholding tax Compliance including periodical reporting 03 Collection of TDS challan and submission 04 Preparation of monthly TDS & Salary TDS return and submission to the concerned authority 05 Computation of Quarterly Advance Income Tax (AIT) and deposit to the same to Govt. Treasury 06 Income tax computation, return submission 07 Obtaining income tax clearance certificate 08 Assessment of withholding tax return (if return u/s 177)– if selected for Audit) 09 Provident Fund, Gratuity Fund, WPPF—Approvals and exemptions Corporate Tax Assessment at Different Stages: Assessment at DCT level- Primary base assessment Revised assessment at DCT level after set aside by CT (Appeal), Tribunal. Appeal to Commissioner Appeal against the order of the DCT—if aggrieved. Appeal to Appellate Tribunal against the order of the CT (Appeal)—if aggrieved. Assist in filing reference application to HC against the order of the Taxes Appellate Tribunal. Personal Income Tax: Tax planning, Income tax computation, return submission

We are well experienced in preparation of accounts manual, internal control manual, financial policy, preparation of project profile and project feasibility studies and any other specific works related to liquidation, merger and acquisition so and so forth. Accounting Services: 01 Accounts Preparation (Monthly, Quarterly & Annual) Ensuring name clearance for the company to avoid legal complications. 02 PF Accounts Preparation Name change is a legal process that allows individuals to adopt a new name, often undertaken for personal, cultural, or professional reasons 03 WPPF Accounts Preparation Launching innovation, one company at a time, with precision 04 Accounting Advisory Facilitating seamless and efficient company address changes to enhance your organizational agility 05 FDI Reporting Share transfer involves the sale or assignment of ownership in a company, facilitating changes in shareholder composition and control

Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. These types of audits ensure compliance with laws and regulations and help maintain accurate and timely accurate financial reporting. Internal audit examines and analyzes company records and financial documents. They identify issues like compliance concerns, risks, fraud, and data inaccuracies. In effect, Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. AAKC provides internal audit service: 01 As an independent check for the top management against possible risk and deficiency of existing control system. 02 To help management ensure that the approved policies, processes, rules and practices are being followed and duly implemented. reasons 03 To make sure that all relevant regulatory compliances are strictly complied with. Our activities involved the following: Assist and evaluation of financial transactions is free from material misstatement. Assist whether Financial statements is prepared in accordance with the IAS/IFRS/, relevant laws, rules and regulations. Provide reasonable assurance regarding financial statements provide a true and fair view. Review internal control system, identify the weakness, provide impact of control weakness and possible recommendations.
M/S Azad Abul Kalam & Co (AAKCO), Chartered Accounts have been in chartered accounting practice for about 39 years with legacy under the license of Institute of Chartered Accountants of Bangladesh (ICAB).
