EXPERTISE
4C Proserve, founded in 2005, offers strategic consulting and implementation solutions across sectors like productivity, business planning, taxation strategies, legal services, and digital transformations, partnering with Fortune 500 clients and startups
TECHNOLOGY
4C Pro Services utilizes technology in accounting & compliance, enhancing scope from recording to evaluating and interpreting, utilizing accounting software, business advancements software, data analysis tools and support applications
SECURITY
4C Pro prioritizes data security through multi-faceted measures including biometric locks, security personnel, alarm systems, video surveillance, user access password encryption, firewalls, anti-virus software, and archives encryption to protect
4C Pro Services
INdustries We Serve
Audit & Assurance Services for Industries
Businesses face numerous disruptions, including evolving regulations, complex economic environments, and new technologies, which can significantly impact their operations across various industries.
Our comprehensive industry-focused approach, combined with a wide range of audit and assurance services, can effectively tackle these critical challenges
IT/ITES
Pharma
Infra
Hospital
FMCG
Education
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Questions & answers
See Frequently Asked Questions
What is the objective of Audit?
Audit (examination) is conducted with an objective to express an opinion on the financial statements as to whether financial statements:
- prepared by the management give true and fair view of financial position and performance;
- comply with the applicable Financial Reporting Framework;
- Are FREE from material misstatements, whether due to Fraud or Error
What is the Audit opinion/Audit Report?
Auditor expresses his opinion in writing – that is called as “Audit report”.
This opinion is expressed in a prescribed format as provided in SA 700/SA 705/SA 706, etc. or for tax audits, it is prescribed by the Income-tax Act, 1961- Form 3CD
At what rates capital gains are charged tax?
On selling equity shares or equity-oriented mutual funds after holding them for more than a year, taxpayers have to pay long-term capital gains tax (LTCG) on the profit. The LTCG tax rate is 10% for gains exceeding ₹ 1 lakh in a financial year. However, for other types of investments, such as unlisted securities or zero-coupon bonds, the LTCG tax rate is 20%. If equity shares or equity-oriented mutual funds are sold within one year, taxpayers have to pay short-term capital (STCG) on the profits. The STCG tax rate depends on whether the securities transaction tax (STT) is applicable or not. If STT is applicable, the STCG tax rate is 15%. If STT is not applicable, the STCG tax rate will be applied as per the income tax slab the assessee falls under
Which form is to be filedfor withdrawl from Capital gain account?
To withdraw from a capital gains account, you are required to fill out Form C. The withdrawn amount must be used within 60 days and cannot be deposited immediately into the account. You must fill out Form D if the second withdrawal is still needed.
Capital gains accounts can be transferred from one branch to another within the same Bank, but not from one Bank to another. Account type can also be changed from a term deposit to a saving account; however, if you transfer a term deposit to a saving account before the term deposit matures, you will be charged a penalty
