Last Updated: June 04, 2026

Welcome to M. Parul & Co., Chartered Accountants. These Terms and Conditions (or "Terms of Engagement") outline the rules, obligations, and professional structures governing the utilization of our advisory, auditing, direct/indirect taxation filings, corporate law secretarial submissions, and accounting support services. By requesting a consultation, accepting our fee proposals, or signing an engagement letter, you agree to comply with these terms.

1. Scope of Professional Services

All services are rendered in compliance with the guidelines set by the Institute of Chartered Accountants of India (ICAI) and applicable Indian statutory acts. The exact scope of work, timelines, and deliverables for auditing, tax consultancy, or accounting will be specified in a mutually signed Service Engagement Letter. M. Parul & Co. will act solely in an advisory and professional capacity; final management decisions remain the responsibility of the client's board of directors and corporate officers.

2. Client Responsibilities & Data Accuracy

For us to accurately compile, review, and file your statutory documents (such as ITR, GSTR, ROC forms), you agree to:

• Furnish all required invoices, ledger details, banking statements, and corporate documents in a timely, complete, and accurate manner.
• Ensure all transaction data provided represents genuine and lawful business transactions.
• Notify us of any departmental notices, tax changes, or corporate structure modifications immediately.
• Accept sole responsibility for tax consequences, interests, and penalties arising from incomplete, delayed, or falsified bookkeeping records provided to our firm.

3. Fee Structure and Payments

Our fees are structured based on the complexity, volume, and professional time dedicated to the assignment. The following terms apply to payments:

• Fees are payable in accordance with the schedules outlined in the specific Service Engagement Letter (monthly retainer, quarterly audits, or project-based advances).
• All government filing fees, ROC stamp duties, and direct out-of-pocket costs incurred during filings are the client's direct responsibility and must be paid in advance.
• GST at the statutory rate (currently 18%) is applicable to all professional service bills.
• We reserve the right to suspend direct portal filings and withhold delivery of final certified audit sheets in the event of continuous non-payment or outstanding dues exceeding 60 days.

4. Professional Indemnity & Limitation of Liability

We perform our auditing, taxation, and consulting duties with the standard of care expected from a qualified Chartered Accountant in India. To the maximum extent permitted by law, our liability is governed as follows:

• Our liability for any professional negligence, errors, or omissions is strictly limited to the total fees paid to us for the specific service module during the preceding 12 months.
• We are not liable for any indirect, consequential, or punitive damages, including loss of profits, corporate reputation, or business opportunities.
• We do not guarantee tax outcomes or notice clearances, as final judicial decisions lie with statutory department assessors and appellate authorities.

5. Digital Signature and Portal Credentials

For filing tasks, clients may provide us with access to their government portals (Income Tax, GST, MCA, EPFO) or trust us with their Digital Signature Certificates (DSC). We agree to use these credentials solely for the specific filing transactions approved by the client, and the client retains ownership and final responsibility for all submissions made under their authenticated digital signatures.

6. Dispute Resolution and Jurisdiction

Any disputes, claims, or disagreements arising from our services or this agreement shall first be attempted to be resolved through amicable mediation. If unresolved, disputes will be subjected to the exclusive jurisdiction of the courts located in New Delhi, India, and governed by the laws of India.

7. Modifications to Terms

We reserve the right to modify these terms periodically to align with updated ICAI regulations, statutory tax reforms, or operational adjustments. The latest terms will always be accessible on this page, and continued engagement of our firm signifies acceptance of modified terms.

If you have any questions or require clarification on these Terms of Engagement, please write to us at ca.parul@mparul.co.in.