Raju and Prasad 401, Diamond House,

Chartered Accountants Adj. Amrutha Hills, Punjagutta,

Hyderabad – 500082
Email: hyderabad@rajuandprasad.com

Kind Attention: Mr. Chandrasekhar Goda

ISB Alumni Association
Gachibowli, Hyderabad – 500032

Sub: Proposal and Fees for Tax Compliance and Other Advisory services
Dear Sir,
We are pleased to present our scope of work and the fees thereon, which is based on our
understanding of your requirement. We thank you for the opportunity of being associated
with a prestigious institution like Indian School of Business (ISB) and its Alumni Association.
We look forward to working with you and your team.
If you have any queries or comments, please feel free to mail us or call me on
+919848882316.

Yours sincerely

For Raju and Prasad

Chartered Accountants

Y. Bala Krishna Reddy

Partner

Proposal for Tax compliance and Other Advisory Services

Raju and Prasad 401, Diamond House,
Chartered Accountants Adj. Amrutha Hills, Punjagutta,
Hyderabad – 500082
Email: hyderabad@rajuandprasad.com

Background

Indian School of Business Alumni Association (‘ISBAA’ or ‘association’) is an association

formed to promote, facilitate and develop stewardship leading to meaningful relationships
between alumni and School, as well as between alumni across classes – strengthen the
network.
The Association has approached Raju and Prasad Chartered Accountants for assistance in
connection with providing advisory and compliance based services in the domain of direct
tax and accounting aspects.

Scope of Services

At Raju and Prasad, we can provide you with a range of compliance and advisory services.
Based on our understanding of your requirements and experience gained over number of
years in imparting such services, we have summarized the scope of services in the ensuing
paragraphs

Part I –Registration of Association under section 12A of the Income tax Act (“Act”)

 Discussion with the management on the detailed goals and objectives and future plan.

 Coordination with the designated point of contact (in the association) and collation of
relevant documents for filing of application for registration under section 12A of the Act

 Preparation of application in Form 10A and submission of the same to appropriate

authority in Income tax department

 Representation before the appropriate authority and regular follow ups with Income tax
Authorities.

Proposal for Tax compliance and Other Advisory Services

Raju and Prasad 401, Diamond House,
Chartered Accountants Adj. Amrutha Hills, Punjagutta,
Hyderabad – 500082
Email: hyderabad@rajuandprasad.com

Part II –Assistance in Preparation and filing of Income tax Return (ITR)

In this regard, our scope of service would include:

 Examining the tax positions to be adopted for preparation of computation of income
and the ITR and discussing the same with the Association.

 Assistance in preparation and finalization of Income-tax computation prior to filing of

the ITR;

 Assistance in preparation of the Income Tax return form which needs to be filed
electronically on the website of the Income-tax department.

Part III – Services relating to Transfer of funds from ISB

 Assistance in calculation of the funds that are required to be transferred from ISB

 Assistance in matters relating to accounting and related aspects on transfer of funds and
subsequent disclosure of the same in the financial statements.

Part IV – On call advisory services

 Routine matters relating to the provisions of the Act including the Association’s
obligations with respect to withholding tax compliance in relation to payment in the
nature of salaries, payments to contractors, fees for professional services, lease
payments etc.

 Analysing accounting implications and other implications under the provisions of the Act
arising out of various transactions/agreements entered into / proposed to be entered
into by the Association;

 Analysing tax treaties (Double Taxation Avoidance Agreements) between India and any
other country to determine tax implications arising from international transactions
carried out or proposed to be carried out by the Association;

Proposal for Tax compliance and Other Advisory Services

Raju and Prasad 401, Diamond House,
Chartered Accountants Adj. Amrutha Hills, Punjagutta,
Hyderabad – 500082
Email: hyderabad@rajuandprasad.com

Fees

Raju and Prasad endeavours to provide quality services in a timely manner at a realistic cost.
Our fees are based on the nature of assignment and quality of people assigned for the job.
Based on the time estimates and efforts involved, we propose the following fees –

Part Scope of Work Fees in INR Payment terms

I Registration of Total – 30,000

Association under
section 12A
 50% of total fees as the initial
a) Preliminary analysis 10,000 advance
and filing of
application  Balance upon obtaining the
registration certificate
b) Representation 20,000
before Income tax
Authorities

II Assistance in 10,000 per 100% on filing of ITR

Preparation and filing of Financial year
ITR

III Services related to 5,000 100% on submission of invoice

transfer of funds from
ISB

IV On-Call advisory 3,000 per man Will be invoiced on a quarterly basis

services hour spent along with a summary of advices
given during the period.
100% payable on creation of Invoice.

The above does not include any out-of-pocket costs such as travelling (if any), conveyance,
courier etc. Such costs will be billed in addition to the above, on actual basis. Service tax @
15%(or at rates in force) shall be levied additionally.

Proposal for Tax compliance and Other Advisory Services