Advertisement inviting application for Accounts Cum Tax Consultant for the Company.
Irrigation & Water Resources Finance Company Limited (IWRFC) is a wholly owned
Government of India Enterprise. IWRFC is providing long term financial assistance to various
viable Irrigation & Water projects in the country.
Applications are invited by the IWRFC for the appointment of Accounts Cum Tax Consultant
for the Company to perform/execute the accounting and taxation assignments of IWRFC.
The eligible Chartered Accountant firms may send their application in a sealed envelope in
the format given below.
2.0 Scope of work
The scope of services would include the following work.
(a) Preparation of Quarterly as well as Annual accounts of the Company
(b) Computation, Payment, Filling, follow up and assessment of all taxes (Direct & Indirect
Taxes) of the Company and getting assessment done.
(c) Advisory services in accounting & taxation related issues as and when required.
(d) Advisory services to the company for preparation of adoption of International Financial
(e) Certification and uploading of ROC forms of the Company.
(f) Preparation and maintenance of all the vouchers of the Company on a day-to-day basis.
(g) Preparation and maintenance of Bank reconciliation statements.
(h) Preparation, documentation, submission of all records required to be produced in
assessment of any financial year or in reply to any notice served by income tax
department or service tax department.
(i) Preparation and maintenance of ledger, day book and other documents relating to
3.0 Eligibility Criteria of Firm:
3.1 Strength of the Firm
a. The Firm should be Practising Chartered Accountants firm Registered with ICAI.
b. The applicant firm should have its principal/branch office in New Delhi.
c. As on 27-07-2012, the Firm taking up the assignment should have a minimum
strength of 2 partners (Chartered Accountants).
d. The partners of the Firm must have experience in finalisation of the accounts of the
Company and have exposure in Direct and Indirect Taxation.
3.2 Post qualification experience of Partners in the applicant Firm
a. At least one Partner of the Firm should have post qualification experience of 5 years
in practicing firm.
a. The applicant should not have been black listed/debarred/ disqualified by any
regulatory/ statutory body or Government entity or any International/National agency
for corrupt or fraudulent practises.
b. The applicant should not have an adverse litigation history.
1.1 The applicants shall be required to quote a fixed fee for execution of assignments as
mentioned in Para 2 above not exceeding Rs. 1,50,000/- (excluding taxes) for 1 April 2012
to 31 March 2013 and related assessment year 2013-2014 for the purpose of tax
1.2 The selected firm shall engage one officer at the office/premises of the Company to execute/
perform the scope of work as mentioned above on real time basis. The infrastructure like
computer, stationary etc shall be provided by the company. The said officer will be present in
the company on daily basis as per the office timing of the Company.
4.0 Renewal of the Appointment
Where, the applicant firm is appointed for the financial year 2012-2013, their appointment
may be renewed for the next financial year. Such renewal shall be the sole discretion of the
5.0 Technical Feasibility
(a) The Firm (referred as “applicants”) should meet the eligibility criteria to come under
the purview of “Technical Feasibility”.
(b) The applicants in support of their declaration vowing Technical Feasibility shall be
required to furnish entire set of documents to be submitted in a separate sealed
cover, super scribing - “PART - I For rendering Professional Services as Accounts
cum Tax Consultant -TECHNICAL FEASIBILITY.
6.0 Financial Quote
(a) The Firm (referred as “applicants”) should be Technically Feasible to be considered
for evaluation of “Financial Quote”.
(b) The applicants in support of their Financial Quote shall be required to furnish their
commercials in a separate sealed cover, super scribing “ PART - II : For rendering
Professional Services as Accounts cum Tax Consultant -FINANCIAL QUOTE”.
7.0 Procedure for submission and opening of Offers
7.1 One hard copy of Part-I & Part-II each as stated in para 7.2 & 7.3 below, in two sealed
envelopes (1 for each part) needs to be submitted at the following address :
The Asst. General Manager,
Irrigation and Water Resources Finance Corporation Limited
9th Floor, Hindustan Times Building,
18 & 20, Kasturba Gandhi Marg,
New Delhi – 110 001
7.2 Part – I of the offer should be submitted in a separate sealed cover, super scribing "PART-I
for rendering Professional Services as Accounts cum Tax Consultant –TECHNICAL
FEASIBILITY”. Part –I of the offer should contain the following:
a. Profile of the Firm with address, year of establishment, Status of the Firm, Name of
the Partners, Membership number of Partners and Firm as registered with ICAI.
b. List of the work done in last 3 years with name of the clients for which professional
services have been rendered.
7.3 Part – II of the offer should be submitted in a separate sealed cover, super scribing "PART-II
for rendering Professional Services as Accounts cum Tax Consultant –FINANCIAL QUOTE ” .
Part –II of the offer should contain the following:
a. Fixed Fees for execution of the assignments as mentioned in Para 2.0
7.4 The selection shall be done based on eligibility of the applicant as the case may be, subject to
the management’s discretion.
8.0 Validity Period
Last day for submission of Technical & Financial Bids is 31 August, 2012. The company will
not entertain any communication initiated by applicants and received after the last date of
submissions. However, the company may, in its absolute discretion, seek additional
information or material or evidence from any applicant after the last date and all such
information and material provided must be taken to form part of applicant’s response. Any
additional information or material or evidence so requested would be required to be submitted
within 7 days of the requisition.
The applicants not being allotted with the assignments shall not solicit any reason for not
being so selected. In case, the company finds any allegation / loss of reputation for the act of
the applicants, the company reserves the right to file legal suit in the court law to claim for the