Our Team is built on the foundation of quality, trust, values, commitment and client satisfaction. We believe that a right combination of industry experience, work exposure, qualifications and technical expertise is essential in order to demonstrate team-work. Our Team is organised into a matrix of various service offerings coupled with client facing teams.
Kavit Vijay, partner in the firm has 15 year’s experience in Audit and Assurance. He heads Audit and Assurance division of firm. He is specialized in:
Kavit has great exposure in Audit and Assurance, ROC, New Business Set Up, Internal Control Systems Development, Cost Optimization Consultancy especially for SME, Proficiency in application of accounting standard and finalization of balance sheet complying with the accountings standard issued by ICAI. He has also successfully represented clients before tax authorities at various levels on Tax Litigation Matters under Income Tax.
He received his Bachelor’s degree in Commerce (Honors) from the University of Delhi and is currently fellow member of the Institute of Chartered Accountants of India. He is also certified for Valuation from ICAI.
Companies Act does not have any specific provisions related to holding shareholders’ meetings through video conferencing or audio visual mode. During COVID-19, MCA allowed holding of AGM or EGM through video conferencing of other audio visual means through Circular No. 14/2020 dated 8th April, 2020 and Circular No. 20/2020 dated 5th May, 2020.
Government has mandated such provisions of dematerialisation for unlisted public companies as well vide notification dated 10th September, 2018 through insertion of Rule 9A to Companies (Prospectus and Allotment of Securities) Rules, 2014.
Concept of Special Purchase Acquisition Companies (SPACs) is not new. This concept has existed for the last 3 Decades. However, this method of funds raising has gain popularity since the advent of COVID-19 pandemic.
The Assessee earned dividend income from its subsidiary company based in Thailand. Assessee was liable to pay Income Tax @ 10% on such dividend income in Thailand. However, tax was exempted due to the statutory regime obtained in Thailand. While filing ITR in India, Assessee disclosed such income and claimed the credit of tax @ 10% which was payable in Thailand but not paid due to exemptions.
Often, we hear about a new unicorn making a turnover in millions and contributing to the growth of our country. With the help of overseas funding and IPOs, many businesses have started adopting a company structure. A company right from its incorporation till its winding up has to adhere to the provisions of all applicable laws of Country be it Company law or Income Tax laws or Goods and Service Tax law, etc. Therefore, it becomes essential that business operators must know essential formalities which are to be completed by a company.
Where foreign company or entity held assets in India through an Indian concern, then such Indian concern is required to file information in Form 49D about transfer of share or interest of such foreign company or entities with Income tax authorities of India India.
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We serve on FDI advisory, cross-border accounting, International tax planning and Management consulting needs of our overseas clients all over the world.
Corporate Office: 601, 6th Floor, GMIT Park, Sector 142, Noida Exp Way, Noida – 201305
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