News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Tenders »
 Corrigendum 3 Housing and Urban Development Corporation Limited, Lodhi Road, New Delhi
 Corrigendum Central Registry of Securitisation Asset Reconstruction(CERSAI), New Delhi
 Corrigendum Airports Authority of India, SAP, New Delhi
 Maharaja Bir Bikram University, Agartala, West Tripura
 The Gujarat State Civil Supplies Corporation Limited, Gandhinagar, Gujrat
 Corrigendum National Financial Reporting Authority, Kasturba Gandhi Marg, New Delhi
 National Safai Karamcharis Finance And Development Corporation, New Delhi, Delhi
  Central Registry of Securitisation Asset Reconstruction and Security, New Delhi
 Food Corporation Of India, JDA complex, Jammu
 Central Registry of Securitisation Asset Reconstruction and Security, New Delhi
 Paradip Port Trust, Paradip, Jagatsinghpur
 
 
 
 

Paradip Port Trust, Paradip, Jagatsinghpur
March, 17th 2020
                            PARADIP PORT TRUST
          INVITATION OF BIDS FOR "ASSIGNMENT OF INCOMETAX
           AUDIT AND INCOME TAX RELATED WORKS" FROM THE
                  INDIAN CHARTERED ACCOUNTANTS.


1.   INTRODUCTION

     Paradip Port Trust was established on 03.01.1962 by the 1st Prime Minister
     of India Late Pandit Jawaharlal Nehru. It is the only Major Port in Odisha.
     The cargo handled during 2018-19 registered at 109.27MMT.


     The total income during the year 2018-19 was Rs.1,580.83 Crore and the Net
     Surplus was Rs.605.46 Crore.


     Paradip Port Trust intends to engage Chartered Accountants to take up the
     "Income Tax Audit and Income Tax related works."

      2. SCOPE OF WORK

     a)    Calculation of Advance Income Tax
     b)    Calculation of Final Income Tax
     c)    Submission of Income Tax Audit report.
     d)    Filing of Income Tax return within due date
     e)    Follow up action for obtaining Assessment Order
     f)    Compliance to notices issued by Income Tax Department
     g)    Compliance to all other Income Tax formalities
     h)    Maintenance of record as per Income Tax Act.
3.      EVALUATION OF ELIGIBILITY

        Criteria                                             Marks Maximum
                                                                   Marks
 a) Proprietary/Partnership firm in existence
       1. Minimum 5 years                                      15           -

 b) No. of employees in the firm
       1. Professional Employees of the firm having            15           -
           CA/ICWA/MBA (Finance)/ Partners (5
           marks each)
       2. Employees of firm having B.Com /Graduate              -
           with computer knowledge (3 marks each)                           9

 c) No. of statutory/internal audit of Public/ Private
    Limited companies during last 5 years ending
    31.03.2019.
        1. 05 nos.                                             20           -
        2. For each additional audit 2 marks each               -           8
 d) Empanelled with C&AG/ RBI for audit of PSUs/
    Banks or Audit of Pvt. Company with more than
    Rs.100 Crore turnover
        1. For 5 years                                         10           -
        2. For each additional year 2 marks each.               -           8
 e) Annual turnover during the last 3 years i.e. 2016-
    17, 2017-18 & 2018-19.
        1. Rs.20 lakhs and above                               10           -

     f) Assignment of Income Tax Audit and Income Tax
        related works in any Major ports of India during        5           -
        last 3 years ending 31.03.2019.
                                Total                          75          25

         Documentary evidences for the purpose of pre-qualification evaluation have
         to be submitted along with the bid.

4. ELEGIBILITY CRITERIA
    a) The Chartered Accountant firm must be a proprietorship/partnership
       firm and
    b) The firm has to secure minimum 60 marks.
Only on fulfilling the above a & b criteria the Price bid will be opened
5.   MINIMUM FEES
          As per ICAI's notification dated 13.12.2017, the minimum fees for this
     assignment is fixed at Rs.3,98,000/- (Rupees three lakhs ninety eight
     thousand) only per annum inclusive of local TA/DA and all taxes and duties
     other than GST. Any new taxes levied by Govt. during the assignment
     will be paid extra.
            The firm has to quote over and above the Minimum fees as fixed,
     failing which the bid will be non-responsive and subject to rejection. The
     quoted price should be in Rupee only without any paisa.
            The eligible firm with lowest quoted price will be awarded the work.
     In case, two or more firms quote the same price, the firm securing highest
     mark as per evaluation criteria will be awarded the work.







6.   DURATION OF ASSIGNMENT
     The firm is expected to provide professional service initially for period of
     two years i.e. AY 2021-22 & AY 2022-23. The port reserves the right to
     extend the period by one more year based on the satisfactory performance.
     No escalation is acceptable.

7.   PAYMENT TERMS:

     The payment will be made as per the scope of work as below;
         a. 30% after calculation of Advance Income Tax
         b. 30% after submission of Income Tax Audit Report.
         c. 30% after filing of Income Tax return.
         d. Balance after obtaining Assessment Order.
     In case any assignment is given beyond the scope of work, the same will be
     paid extra as per the minimum fee prescribed by the Institute of Chartered
     Accountants of India.


8.   TERMINATION OF THE ASSINGMENT
     Either party can terminate the assignment by giving one month's notice in
     advance. The fees shall be payable upto the period of service rendered and
     no compensation under any circumstances is payable on account of
     termination of the assignment.

9.   OFFER SUBMISSION
     The offer has to be submitted in one stage two cover system.

     Cover (1) contains pre-qualification details as per the format at Annexure-I
     enclosing all documentary evidences.
     Cover (2) contains the price bid as per format at Annexure-II.




9.   PLACE OF OFFICE
     The firm against whom the work will be awarded has to open branch at
     Paradip within 30 days of award of work in case, they do not have an office
     at Paradip.

10. PLACE AND DATE OF SUBMISSION OF THE BID
    The place of submission of bid document is in the office of FA & CAO,
    Paradip Port Trust, Administrative Building, Paradip, Jagatsinghpur-
    754142.

     The last date of submission of the bid at 05:00PM of 26.03.2020

11. OPENING OF THE BIDS
    Cover (1) will be opened at 10:30AM of 27.03.2020
    Cover (2) will be opened as per the intimation to the bidders after
    evaluation of pre-qualification bids.






12. CONTACT PERSON
    Sri Oscar Dung Dung, AO, Paradip Port Trust. Mobile No.8018342688.

      No.FA/COMP/710/02/2020/248
      Date.04.03.2020
     Annexure-I
                                    Cover (1)

      CONTENTS OF THE PRE-QUALIFICATION BID
   EVALUATION OF ELIGIBILITY CRITERIA
                                                             Documents
                                                             submitted
   Criteria                                                 Yes      No
a) Proprietary/Partnership firm in existence
      1. Minimum 5 years

b) No. of employees in the firm
      1. Professional Employees of the firm having
          CA/ICWA/MBA (Finance)/ Partners
      2. Employees of firm having B.Com /Graduate
          with computer knowledge
c) No. of statutory/internal audit of Public/ Private
   Limited companies during last 5 years ending
   31.03.2019.
      1. 05 nos.
      2. For each additional audit .
d) Empanelled with C&AG/ RBI for audit of PSUs/
   Banks or Audit of Pvt. Company with more than
   Rs.100 Crore turnover
      1. For 5 years
      2. For each additional year.
e) Annual turnover during the last 3 years i.e. 2016-17,
   2017-18 & 2018-19.
      3. Rs.20 lakhs and above

f) Assignment of Income Tax Audit and Income Tax
   related works in any Major ports of India during last
   3 years ending 31.03.2019.



                                                       Signature of the Bidder
                                                       Annexure-II

                            Cover (2)

                          PRICE BID

Description                                    Amount (in Rs.)

Professional Fees for Income Tax
Audit and Income Tax related works
as per scope of works.

Amount in figure                          (Rupees_______________)




Note: Rate quoted shall be inclusive of all local travelling,
conveyance, printing, stationery and all taxes excluding GST. Any
new taxes levied by Govt. during the assignment will be paid extra.




                                            Signature of the Bidder

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting