๐Ÿ“ฃ Regulatory Alert  NRIs holding Indian passports are eligible to form a One-Person Company (OPC) in India.
ICAI Registered ยท Firm Est. 1980
๐Ÿ  Home ๐Ÿ›๏ธ About Us โš–๏ธ Services ๐Ÿ“‹ Full Service Catalogue ๐ŸŒ Global Desk ๐Ÿ‘ฅ Our Team โ“ FAQs ๐Ÿ’ผ Careers ๐Ÿ’ฌ Testimonials ๐Ÿ“ Contact
๐Ÿ›๏ธ Established 1980 ยท 46+ Years of Excellence

One Stop Solution for All Business Needs

Positioned as India's premier Chartered Accountant firm providing partner-led advisory across Direct & Indirect Tax, FEMA, Insolvency (IBC), E-commerce, Subsidies, Statutory Audit, and Outsourced Accounting with global reach.

Explore 200+ Service Catalogue
46+
Years Practice
2,200+
Clients Served
10
Countries Active
11
Practice Verticals

Get a Free Consultation

Senior partners respond within 24 business hours

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Partner-Led Advisory
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24hr Response Time
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100% Confidential
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10 Countries Active
Our Specialised Practice Areas

Comprehensive Financial & Regulatory Advisory

Delivered with partner-led expertise, accuracy, and proactive value-add structuring for domestic and global enterprises.

TAXATION ยท REGULATORY ยท ADVISORY

Tax & Compliance

End-to-end tax management for businesses in India and globally, from routine GST filing through international tax structuring.

GST Registration & Audits Income & Corporate Tax TDS/TCS Filing International Tax Notices & Assessments
FOREIGN EXCHANGE ยท RBI ยท CROSS-BORDER

FEMA Advisory

Specialist assistance for inbound investment, overseas expansion, remittances and FEMA compounding/compliance.

FDI/ODI Structuring FC-GPR & FLA Reporting ECB Advisory RBI Compounding NRI Repatriation
INSOLVENCY ยท NCLT ยท RESTRUCTURING

IBC & Insolvency

Partner-led support for creditors, debtors and resolution professionals through insolvency and restructuring matters.

CIRP Process Resolution Plans Liquidation Services Debt Restructuring NCLT Representation
MARKETPLACE ยท D2C ยท CROSS-BORDER

E-Commerce

Compliance and tax support for marketplace sellers, D2C brands and aggregator platforms scaling in India and internationally.

Amazon/Flipkart Setup Marketplace GST & TCS Cross-Border Sales Tax D2C Financial Structuring
PLI ยท MSME ยท GOVERNMENT GRANTS

Subsidies & Incentives

Proactive mapping of central and state schemes to identify incentives that a business may be entitled to claim.

PLI Schemes State MSME Schemes R&D / DSIR Incentives RoDTEP & Export Subsidy DPIIT Tax Exemptions
STATUTORY ยท INTERNAL ยท FORENSIC

Audit & Assurance

Audit services designed to provide meaningful business insight through statutory, internal and risk-based work.

Companies Act Statutory Audit 44AB Tax Audit Internal Process Review Forensic Fraud Review
GLOBAL ACCOUNTING ยท COMPLIANCE ยท REPORTING

Outsourced Bookkeeping & Accounting

End-to-end accounting support for US, Canada, UK, Australia and Indian businesses, including transaction recording, accounts payable/receivable management, bank reconciliations, payroll processing, and financial statements preparation.

Global Bookkeeping AP/AR Management Bank & Card Reconciliation Financial Statements Payroll Processing MIS & Cash Flow Management
Exhaustive Master Service Inventory

Complete 200+ Service Catalogue

Search or browse our complete historical and current service offerings across 19 practice verticals.

Displaying 19 Service Categories

1. Attestation & Audit Services

  • Statutory Audits
  • Tax Audits
  • Company Secretarial Practices โ€“ Review & Compliances
  • Compliance Audits
  • Internal Audits
  • Transaction Audits
  • Systems Audits
  • Certification Audit
  • Special Audits
  • Concurrent Audit
  • Special Investigation Audit
  • Market Audit
  • Search Audit
  • Management Audits
  • PF & ESI Audit
  • Concurrent Audit of NPA Accounts
  • Valuation of Businesses

2. Risk Assurance Services

  • Customer Point Verification (CPV)
  • Management Assurance Services
  • Information System Risk Management Services
  • Risk Control Unit
  • Pre & Post Disbursal Audit
  • Credit Audit
  • Forex Audit
  • FA Verification Audit

3. Corporate Management Consultancy

  • Detailed Techno-Economic Feasibility Reports
  • Project Financing Proposal Presentations
  • Takeover, Merger & Acquisition of Listed/Unlisted Corporates
  • Business Restructuring โ€“ Consolidation & Deconsolidation
  • Business Valuation
  • SEBI & Stock Exchange Listing and Disclosure Compliance
  • Pre-Investment and Techno-Economic Feasibility Studies
  • Viability Studies & Strategy Formulation
  • Asset Valuation & Corporate Finance
  • Demergers, Spin-offs, Joint Ventures & Collaborations
  • HR Consulting & Business Planning

4. Taxation Advisory Services

  • Transfer Pricing
  • GST Consultancy
  • International Taxation

5. Regulatory Services

  • Representation before Taxation Authorities
  • Business Licensing
  • Disputes & Litigation
  • Entity Incorporation
  • Portfolio Investment Scheme Reporting
  • ROC Compliances

6. Banking & Financial Sector Services

  • Online Audit of Centralized Processing Units (CPU)
  • Concurrent Audit of Cash Management Services (CMS)
  • Statutory Audit of Bank Branches
  • On-site ATM Cash Verification
  • Stock Inspection & Valuation Audit
  • Investigation Audit for BIFR & DRT
  • Revenue & Expenditure Audit
  • Credit & Financial Account Reviews
  • Forensic & Risk/Fraud Control Unit Audits
  • Project Progress & Invoice Monitoring
  • ROC Search Reports & KYC Audits

7. Project Monitoring Services

  • Monitoring of real-estate, infrastructure & other projects
  • End-use monitoring of funds
  • Work Completion Certifications
  • Controlling and monitoring cost-overrun projects

8. Financial Services

  • Project Finance from Banks
  • Debt Syndication with Banks
  • Term Loans and Cash Credit Facilities
  • Export Factoring Services
  • Syndication of Suppliers' Credit from Overseas Banks

9. Insolvency & Bankruptcy Services

  • IRP & IP Professional Services
  • Consultancy relating to IBC 2016
  • Liquidation & CIRP Services
  • Individual & Partnership Bankruptcy
  • Legal Representation & Valuation
  • Drafting Petitions & Resolution Plans
  • Information Memorandum Preparation
  • Transaction & Forensic Audits under IBC
  • RERA Advisory

10. Embassy Valuation / Net Worth

  • Property Valuation for Embassies
  • Visa File Valuation
  • Immovable and Movable Property Valuations
  • Net Worth Certificates for PR / Visitor Visas

11. Wealth Management & Planning

  • Portfolio Management Services
  • Business & Retirement Financial Planning
  • HNI / UHNI Asset Management
  • Nominee & Research-Based Advisory
  • Private Equity & Hedge Fund Advisory
  • 360-degree Risk Profiling

12. Forex Advisory Services

  • Currency Hedging & Forex Management
  • Trade Finance, ECBs & Suppliers' Credit
  • SME Forex Solutions & Treasury Risk Advisory
  • FX Treasury Outsourcing & Arbitrage Advisory
  • FX Hedge Accounting & Derivatives Advisory
  • AS-30 Implementation & Cost Reduction

13. Trust & Succession Planning

  • Wills Drafting, Safekeeping & Executorship
  • Trusteeship & Minor/Special Child Trust Establishment
  • Estate Administration & Probate
  • POA, Gift Deed & Family Settlement Advisory
  • Pre-nuptial Agreement Advisory
  • Revocable Living Trust Structuring
  • Business Succession Advisory

14. Direct Tax Advisory

  • Income Tax Returns & Scrutiny Assessments
  • International Tax, NRI Tax & Transfer Pricing
  • Foreign Tax Credit & DTAA Advisory
  • Search & Seizure Representation
  • Lower / Withholding TDS Deduction Certificates (197/195)
  • Income Tax Notice Replies & Refund Facilitation
  • 15CA / 15CB & 15CC Filings
  • Trust & Society Registration (12A, 80G, 10(23C))
  • Income-tax Appeals before CIT & Tribunal

15. GST Consultancy & Customs

  • GST Advisory, Compliance Check & Returns Filing
  • Inverted Duty & Export Refunds (LUT/IGST)
  • ITC Transfer on Succession / Merger
  • Representation before Appeals, Tribunal & Advance Ruling
  • Internal & Statutory GST Audits
  • Import / Export Advisory & Reconciliations
  • GST Compliance for Amazon, Flipkart, Meesho Sellers
  • Special Audits under Sec 66(1) in Search/Seizure
  • Advance Authorisation, AEO, MEIS/SEIS/Drawback, IEC

16. Cross Border Advisory

  • UK VAT & EORI Registration & Returns
  • EU Indirect Tax & Trademark Registration
  • USA FEIN Registration & USA Company Incorporation
  • USA IOR Registration & USA Sales Tax Returns
  • UK Company Incorporation
  • Japan & Australia Indirect Tax / Customs Advisory

17. Company Law / Secretarial

  • Charge Creation & ROC Annual Filings
  • Merger, Amalgamation & Demerger before NCLT
  • Oppression & Mismanagement before NCLT
  • Official Liquidator Services with High Court
  • Offshore Company Registration
  • Partnership to Company Conversion
  • SEBI Compliances & Stock Exchange Listing

18. FEMA & RBI Advisory

  • FIPB / DIPP Approvals
  • FEMA Compliance for FDI / FPI / FII / FVCI / NRI
  • ODI Advisory & Foreign Company JV / Subsidiary Setup
  • ED & RBI Contravention & Compounding
  • Liaison, Branch & Project Office Setup
  • Form FC-GPR, FC-TRS, ODI & Form A2 Filings
  • LRS Remittance Documentation (USD 1M Limit)
  • NRI Immovable Property Transactions

19. Brand Building Services

  • Trademark Registration
  • Cease and Desist Notices
  • Patent Registration Consultancy
  • Copyright & Design Services
The Varmora Advantage

Why Businesses Choose Varmora & Associates

Four decades of unbroken integrity, partner-led involvement, and proactive financial engineering.

01

46+ Years of Unbroken Practice

Founded in 1980; navigating four decades of tax and regulatory changes with steadfast integrity and deep technical expertise.

02

Partner-Led at Every Step

Every single engagement is owned and executed by a qualified CA partner. No call center handoffs or inexperienced junior passes.

03

India + Global Exposure

Offices in Chandigarh, Ludhiana, Mohali, and Canada, with active client engagements across USA, UK, UAE, Germany, and Australia.

04

Compliance-Plus Advisory

We move beyond routine return filings to actively identify tax savings, unmap government incentives, and mitigate corporate risk.

Institute of Chartered Accountants of India (ICAI) Registered

Firm Est. 1980 ยท Operating under strict ICAI regulatory & ethical guidelines.

Industry Solutions

Tailored Sector Expertise

Most Popular

E-Commerce & D2C

Marketplace sellers, D2C brands, and aggregators; TCS compliance, seller registration, and cross-border tax setup.

MSME Specialist

Manufacturing

PLI scheme mapping, GST input credit optimization, export incentives, factory compliance, and customs duty advisory.

DPIIT Expertise

Startups & Venture

Incorporation, DPIIT recognition, ESOP structuring, fundraising tax compliance, and angel tax advisory.

Global Desk

Cross-Border Trade

Importers, exporters, NRIs, and foreign subsidiaries; FEMA, transfer pricing, and DTAA tax agreement advisory.

End To End Support, Everywhere in the World

Active Practice & Advisory Across 10 Key International Markets

๐Ÿ‡ฎ๐Ÿ‡ณ India ๐Ÿ‡บ๐Ÿ‡ธ United States ๐Ÿ‡จ๐Ÿ‡ฆ Canada ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom ๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates ๐Ÿ‡ฉ๐Ÿ‡ช Germany ๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia ๐Ÿ‡จ๐Ÿ‡ณ China ๐Ÿ‡ฏ๐Ÿ‡ต Japan ๐Ÿ‡ฆ๐Ÿ‡บ Australia

Entity Setup & Formation

Subsidiaries, branches, LLPs worldwide

Cross-Border Tax

DTAA, BEPS & Transfer Pricing

FEMA & RBI Rules

FDI, ODI, ECB & LRS Remittances

Import / Export Customs

HS codes, FTAs & Duty optimization

Global IP Protection

Trademarks & Patents across jurisdictions

Simple & Transparent Engagement

How It Works โ€” Four-Step Journey

From initial inquiry to flawless execution and continuous partner support.

โšก 5 Minutes
01

Share Your Requirement

Complete a short form or call us directly. Share your business type, jurisdiction, and regulatory challenge.

๐Ÿ“ž Within 24 Hours
02

Meet Dedicated Partner

A senior CA partner specializing in your exact requirement connects directly to discuss solutions.

๐Ÿ“‹ Transparent Scope
03

Prepare Action Plan

Scope, execution timeline, and fixed transparent fee structures are mapped out upfront with zero hidden costs.

๐Ÿš€ Ongoing Growth
04

We Execute. You Grow.

Your partner manages filings, authority representations, and updates while you stay focused on business growth.

Our Story & Heritage

Built on Trust. Driven by Expertise.

Founded by Mr. Parshotam Lal Bansal in 1980, Varmora & Associates has expanded from a single practice into a multi-city firm with global reach.

1980

Founded in Ludhiana as a single-partner CA practice by Mr. P.L. Bansal.

2000s

Multi-city expansion across Chandigarh, Mumbai, Gurugram, and Mohali.

2010s

Global Desk launched; advisory expanded across UAE, UK, USA, and Australia.

Today

Serving 2,200+ clients across 10 countries with 11 specialized practice verticals.

Our Leadership & Partners

Qualified Senior Professionals

KK

Kopal Khanna

B.Com (H), FCA, Insolvency Professional, Valuer
15 Yrs โ€“ Outsourcing
NB

Bansal Nipan

B.Com, FCA, Valuer, Certified Fraud Examiner
08 Yrs โ€“ FEMA / IBC
MJ

Jindal Mayank

B.Com, FCA
04 Yrs โ€“ Banking
RC

Ravi Chopra

B.Com, FCA
04 Yrs โ€“ E-Commerce
DK

Deepinder Kaur

B.Com, FCA
03 Yrs โ€“ Subsidies
NA

Nittin Aggarwal

B.Com, ACA
03 Yrs โ€“ Audit & Tax
VS

Vishal

B.Com, ACA
03 Yrs โ€“ E-Commerce
RG

Rishab Goel

B.Com, ACA
02 Yrs โ€“ Outsourcing

Distinguished Mentors & Advisors

Shri P L Bansal (Founder & Mentor) ยท Shri M L Arora (Senior Advocate Advisor) ยท Dr. Rajkumar S. Adukia (Expert Mentor)

Clear Answers

Frequently Asked Questions

Exhaustive statutory & procedural details across key business regulatory subjects.

What is FEMA and who does it apply to? โ–ผ
FEMA (Foreign Exchange Management Act, 1999) is the primary framework regulating foreign-exchange transactions in India. It applies to residents, Indian corporates, NRIs, and foreign entities undertaking cross-border payments, investments, borrowings (ECB), or property acquisitions.
What is the process for reporting FDI received by an Indian company? โ–ผ
Companies receiving Foreign Direct Investment (FDI) must report share issuance via Form FC-GPR on the RBI FIRMS portal within 30 days of allotment, followed by annual FLA (Foreign Liabilities and Assets) return submission by 15 July every year.
What is RBI Compounding and when is it required? โ–ผ
Compounding is a voluntary process to regularize FEMA technical contraventions (such as delayed FC-GPR filings or excess remittances) without criminal litigation, involving a structured application, hearing, and payment of a compounded fee.
Can an NRI invest in Indian real estate or stocks under FEMA? โ–ผ
NRIs and OCIs can acquire residential or commercial real estate in India (excluding agricultural/plantation land) and invest in stock markets on repatriable or non-repatriable bases subject to PIS rules and applicable DTAA tax guidelines.
What is LRS and what are its limits? โ–ผ
The Liberalised Remittance Scheme (LRS) allows resident individuals to freely remit up to USD 250,000 per financial year for permissible capital and current account transactions (education, travel, foreign investment) via Form A2.
What is the difference between the old and new income-tax regime? โ–ผ
The old tax regime allows traditional exemptions and deductions (80C, 80D, HRA) with higher tax slab rates, whereas the default new regime offers lower tax slab rates with limited deductions. A case-specific mathematical comparison is recommended annually.
When is a Tax Audit mandatory under Section 44AB? โ–ผ
Tax audit is mandatory if business turnover exceeds โ‚น1 crore (increased to โ‚น10 crore if 95%+ transactions are digital) or professional gross receipts exceed โ‚น50 lakh. Audits require submitting Form 3CA/3CB and Form 3CD.
How should I respond to an Income Tax Notice? โ–ผ
Upon receiving notices under Section 143(1), 143(2), 148, or 156, identify the notice code, verify financial data against Form 26AS/AIS, compile supporting documentation, and file an official written response on the IT portal within the stipulated deadline.
What is Transfer Pricing and when does it apply? โ–ผ
Under Sections 92โ€“92F, Transfer Pricing rules require international or specified domestic transactions between associated enterprises to be executed at arm's length, backed by benchmarking documentation and Form 3CEB filing.
What are the TDS obligations of a business making vendor payments? โ–ผ
Businesses must deduct Tax Deducted at Source (TDS) under provisions like 194C, 194I, 194J, 194H at prescribed rates, deposit deductions monthly by the 7th, and file quarterly TDS returns to issue Form 16/16A.
Who is required to register for GST? โ–ผ
GST registration is compulsory if annual turnover exceeds โ‚น40 lakh for goods (โ‚น20 lakh for special states) or โ‚น20 lakh for services, as well as for e-commerce sellers, inter-state suppliers, and reverse-charge entities regardless of turnover.
What is the difference between CGST, SGST, and IGST? โ–ผ
CGST (Central GST) and SGST (State GST) are levied together on intra-state sales and shared equally, while IGST (Integrated GST) is levied on inter-state sales and imports.
How does Input Tax Credit (ITC) work and what are the conditions? โ–ผ
ITC allows businesses to offset GST paid on purchases against output GST liability. Conditions include possession of a valid tax invoice, receipt of goods/services, vendor tax payment reflected in GSTR-2B, and timely return filing.
What returns does a regular GST taxpayer need to file? โ–ผ
Regular taxpayers file monthly GSTR-1 (outward supplies) and GSTR-3B (summary return & tax payment), along with annual GSTR-9 and reconciliation statement GSTR-9C based on turnover thresholds.
What is an e-invoice and who must generate it? โ–ผ
E-invoicing requires businesses with aggregate turnover exceeding โ‚น5 crore in any preceding financial year to report B2B invoices to the Invoice Registration Portal (IRP) to generate an IRN and QR code.
Join Our Talent Network

Careers at Varmora & Associates

Build a long-term, high-impact professional career in CA, Banking, CS, and International Financial Advisory.

A Career That Grows With You

We seek CA, CS, Banking, and Accounting talent for long-term career tracks with continuous learning and senior partner mentorship.

Real Growth & Diverse Verticals

Gain hands-on exposure across 11 practice verticals including FEMA, International Tax, IBC Insolvency, and Subsidies.

Collaborative Excellence

Our team environment values individual innovation while delivering strategic corporate solutions for global clients.

Global Client Exposure

Work with international clients across 10 countries, handling cross-border compliance, USA/UK taxation, and forex rules.

Client Endorsements

What Our Clients Say

Real experiences from business leaders, CFOs, and international clients.

"
โ˜…โ˜…โ˜…โ˜…โ˜…

"Our FEMA compounding matter had been stuck for over two years. The direct partner involvement from Varmora & Associates resolved the regulatory bottleneck with RBI within months. Highly professional and deeply knowledgeable about cross-border regulatory structures."

RM
Rajiv Mehra
MD, Mehra Exports Pvt. Ltd.
"
โ˜…โ˜…โ˜…โ˜…โ˜…

"Expanding our skincare brand to UAE required rapid cross-border tax structuring. Their team demonstrated an exceptional understanding of both Indian FEMA rules and UAE tax legislation โ€” seamless execution from day one."

SK
Sunita Kapoor
Founder, SkincareFirst
"
โ˜…โ˜…โ˜…โ˜…โ˜…

"Their PLI subsidy advisory mapped out over โ‚น2.4 crore of government incentives that our internal finance team had completely overlooked. The proactive value-add from their partner is extraordinary."

AS
Amit Sehgal
CFO, Sehgal Industries Ltd.
"
โ˜…โ˜…โ˜…โ˜…โ˜…

"As an NRI operating business entities across UAE and India, I have trusted Varmora & Associates for 8+ years for NRI taxation, FEMA compliance, and repatriation advisory. Their consistency, professionalism and technical depth are unmatched."

PN
Priya Nair
NRI Business Owner, UAE
Connect With Us

Contact & Office Locations

Reach out directly to senior partners across our Indian headquarters and Canadian office network.

Head Office (Chandigarh)

Chandigarh HQ

H. No. 170, Sector 21A, Chandigarh โ€“ 160022, India

๐Ÿ“ž +91-9876445400

Corporate Office (Ludhiana)

Ludhiana Office

10 B, Udham Singh Nagar, Civil Lines, Ludhiana โ€“ 141001, India

๐Ÿ“ž +91-9876445400

Branch Office (SAS Nagar)

Mohali Branch

6th Floor, Imperial Tower, CP 67 Mall, Unit 620, Airport Road, Sector 67, SAS Nagar, Punjab โ€“ 160062

๐Ÿ“ž +91-9876445400

Overseas Office (Canada)

Brampton, ON

Brampton-9, Linstock Drive, ON L6P 1E1, Canada

๐Ÿ“ž +1-647-823-6792

Overseas Office (Canada)

Mississauga, ON

Great Punjab Business Center, 2980 Drew Road, Unit #221, ON L4T 0A7, Canada

๐Ÿ“ž +1-416-895-5523

Overseas Office (Canada)

Surrey, BC

#207-7948 York Business Center, 128 Street, BC V3W 4E8, Canada

๐Ÿ“ž +1-604-782-7624

Let's Connect Today

Let's Solve Your Compliance Challenge โ€” Today

Whether you have a tax notice, are expanding cross-border, or have an unclaimed government subsidy opportunity โ€” our senior CA partners respond within one business day.

๐Ÿ‘จโ€๐Ÿ’ผ
Partner-Led Advisory โ€” Every case personally handled by a qualified CA partner
โšก
24-Hour Response โ€” Senior partner connects within one business day
๐Ÿ”’
100% Confidential โ€” Your information is held in strict professional confidence
๐ŸŒ
10 Countries Active โ€” India, UAE, UK, USA, Canada, Germany, Saudi Arabia, China, Japan, Australia

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Senior partners respond within 24 hours

๐Ÿ’ฌ