Engagement of Income Tax Consultant.

Amount

Professional fee for the assignment: Conducting audit of accounts of the Corporation under section 44AB of the Income Tax Act, 1961 for the financial year 2019-2020 and 2020-21. The scope of the audit, extent of verification and the type of reporting and expression of opinion will be determined by the relevant standards of auditing.

Professional fee for the assignment: Acting as Tax consultant and counsel for filing returns u/s 139(1) of the Income Tax Act-1961 and dealing with all matters of income tax arising during the period from Ist January 2021 to 31st of December 2021 on behalf of the Corporation including representing the Corporation in assessment, appeals and penalty proceedings before the income tax authorities irrespective of the assessment year to which the matters and proceedings relate. This assignment shall culminate on 31/12/2021.

1. Fee must be quoted in numbers as well as words. In case of variation between the two, fee quoted in words shall be final. 2. Professional fee shall be inclusive of all office expenses, out of pocket expenses, cost of producing documents, making Power Point Presentation before JKPCC and other State level forums as may be required or any other sundry charges etc. 3. The Corporation will not be required to pay and/ or reimburse anything over and above the contract price except the TA and stay cost if the auditor is called outside the city of location of office of the firm for any reason other than audit as the competent authority may deem fit. 4. The offer should include all tax liability under Income Tax, Service Tax, Professional Tax and any other Tax applicable in the UT of J&K or any other authority of the Govt. of India or the State Govt. including the GST cost.

Upendra And Associates