India's leading Financial Planning & Wealth Management company.

Needless to say getting these things in order will go a long way in ensuring that you have control on what you are doing and that you are in compliance with various rules and laws.

KYC (Know Your Customer) Application

In addition to actually undertaking Financial Planning or Wealth Management or any other service there are a handful of basic paperwork issues to be taken care of. Some of them pertain to compliance while others relate to best practices.

Needless to say getting these things in order will go a long way in ensuring that you have control on what you are doing and that you are in compliance with various rules and laws.

As per SEBI rules it is mandatory for every person to comply with KYC norms before investing in Mutual funds. Below are the pertinent documents to be submitted to obtain KYC.

► KYC Compliance - For Individual

► KYC Compliance - For Non Individual

KYC Compliance - For Individual

• KYC form... Click here to download
• KYC change details form... Click here to download (in case you have changed address or any other details needs change)
• Passport size photo to be affixed on the form. Kindly sign across the photo (lower side).
• Sign on both sides of the KYC form; In the space provided towards end of front side & anywhere in the white space at the bottom of back page i.e. 2nd page
• For Identity proof submit self attested photocopy of PAN Card on A4 size paper.
• For Address proof submit self attested photocopy of any one of the following;
• Read all the instructions on the form carefully to ensure you have not missed out anything
• Send the entire set of papers to our office along with a cheque of Rs. 552/- addressed to "Transcend Consulting (I) Pvt. Ltd." payable at Mumbai (unless you have paid online) so that we can process your application

(Please note that the any of the below address proof should be in your name)

1. Latest Telephone Bill.
2. Latest Electricity Bill.
3. Passport.
4. Driving License.
5. Latest Bank Passbook (Last 3 months statement). Bank attestation required.
6. Latest Bank Account Statement (Last 3 months statement). Bank attestation required.
7. Latest Demat Account Statement.
8. Voter Identity Card.
9. Ration Card.
10. Registered Lease/Sale agreement of residence.

KYC Compliance - For Non Individual

• KYC form... Click here to download
• KYC change details form... Click here to download (in case you have changed address or any other details needs change)
• For Identity proof submit self attested photocopy of PAN Card on A4 size paper
• Sign on both sides of the KYC form; In the space provided towards end of front side & anywhere in the white space at the bottom of back page i.e. 2nd page
• Read all the instructions on the form carefully to ensure you have not missed out anything
• Send the entire set of papers to our office along with a cheque of Rs. 552/- addressed to "Transcend Consulting (I) Pvt. Ltd." payable at Mumbai (unless you have paid online) so that we can process your application

Mandatory Certified Documents to be submitted, as applicable

1. Hindu Undivided Family (HUF) - Deed of Declaration, Latest Bank Passbook / Latest Bank account statement
2. Company / Body Corporates  - Certificate of Incorporation, Memorandum & Articles of Association, Resolution of the Board of Directors, Authorised Signatory List with specimen signatures
3. Partnership firms - Certificate of registration, Partnership deed Documents evidencing authority to invest, Authorised Signatory List with specimen signatures
4. Trusts, foundations, NGOs, Charitable Bodies, Clubs / Mutual Fund Schemes -  Certificate of registration, Trust deed, Authorised Signatory List with specimen signatures
5. Unincorporated association or a body of individuals - Proof of Existence / Constitution, Document Documents evidencing authority to invest, Authorised Signatory list with specimen signature
6. Foreign Institutional Investors (FIIs) - Letter and Certificate of Registration issued by SEBI Authorised Signatory list with specimen signature
7. Scheduled Commercial Banks and Registered Financial Institutions not incorporated under the Companies Act, 1956 / Regulatory Bodies / Army / Government Bodies / Any otherbodies created / incorporated / registered under state or central legislation being eligible to invest in Mutual Funds - Copy of Constitution / registration documents, Documents evidencing authority to invest, List of authorized signatories

NRI Matters – Facilitation

Details coming up shortly...

Filing of IT Returns

Filing of income tax return is mandatory for individuals except if their income is below the primary threshold of taxable income. There are umpteen anomalies in most returns that we have come across. Some of them are represented below along with possible implications and consequences.

Tax Audit – Facilitation

Professional receipts of self-employed individual exceeding Rs. 15 lacs need to have a tax a compulsory tax audit by a qualified chartered account. It must be done.

►  This can be quite a harrowing experience if you have not maintained your little bills, papers, travel details etc properly. Sometimes you may need to  pay far more tax than anticipated just because you did not have bills & details.

►  There is a very high possibility for mis-representations, concealment of income, oversight, negligence etc.

►  Your CA does not have the time to take care of all these matters as he is busy filing many returns just before the due dates. So either you do this yourself or get professional assistance.

Tax Audit cannot be a standard defined service and the process and scope of work for each person can be quite different.