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.
Accordingly, a holding company is allowed to have only up to two layers of subsidiaries excluding one layer of wholly-owned subsidiaries. Parallelly, the restriction on investment through not more than two layers of investment companies also applies.
Corporates are using the technology of video conferencing for conducting its board meetings and coming out with more collective and objective decision-making with wider participation of directors. The benefits of participation by video-conferencing are cost savings, more productivity, time-saving in terms of reaching the venue of meeting, particularly when the concerned director(s) is/are located in another city or even another country, etc.
Union budget was presented by Hon’ble Finance Minister on 1st Feb 2022 in Parliament wherein various amendments are proposed under Income Tax Act and few changes are also proposed under Goods and Service Tax Act.
In this article, you will get a detailed analysis of amendments proposed by the Finance Act, 2022 in Income Tax and Goods and Service tax.
To simplify the process, various methods are provided under Income Tax Act for computation of Arm’s Length Price (“ALP”) and the Transactional Net Margin Method (“TNMM”) is one of such methods. This article will offer you a brief insight into what the Transactional Net Margin Method is, what is its applicability, what are the Indian regulations for it when to use it, and what are its strengths and weaknesses.
Under the Cost Plus Method, Arm Length Price is determined by adding profit markup to the direct and indirect cost of production incurred with respect to goods transferred or service provided. Manner of computation of ALP under Cost Plus Method is given under Rule 10B(c) of Income Tax Rules.
the Government has rolled out a new annual information statement expanding the scope of current Form 26-AS with the inclusion of various information categories like interest, mutual fund transactions, insurance, dividends, etc.
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