Our Team

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. 

FCA. Kavit Vijay

FCA Kavit Vijay

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:

  • Audit and Assurance
  • Due Diligence
  • Internal Financial Control
  • Corporate tax advisory
  • Payroll Advisory
  • Entry Strategy
  • Business Valuation
  • Litigation support services

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.

Articles Authored by Kavit Vijay

Registration of entities for CSR Activities| All about Form CSR-1

Registration of entities for CSR Activities| All about Form CSR-1

The provisions of Corporate Social Responsibility (“CSR”) are incorporated under the Company Law to make companies more responsible towards betterment of the society and environment. All the companies which fulfill the specified criteria are required to spend 2% of their average profits, made during preceding 3 Financial Years, on the CSR Activities.

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eBRC system is revamped by DGFT

eBRC system is revamped by DGFT

Electronic Bank Realization Certification (eBRC) is a certificate issued by the bank certifying that payment is received in foreign currency against the export of service and goods. As per FEMA, exporters are required to receive payment against export of goods and services within a specified period of time. Timely receipt of foreign currency is a condition for issuance of GST refund as well.

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CBDT Orders Remission of Outstanding Direct Tax Demands of Earlier Year | Union Interim Budget 2024

CBDT Orders Remission of Outstanding Direct Tax Demands of Earlier Year | Union Interim Budget 2024

While processing Income Tax returns of FY 2022-23, most of the taxpayers faced issue of delayed refund, refund put on hold on account of outstanding demand, refund adjusted against outstanding demand etc. During FY 2022-23, due to digitalisation of Income tax records of earlier year, the department uploaded various demands of earlier years (much prior to the years when Income tax return was started filing online).

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Income tax on transfer of unquoted equity shares at less than Fair Market Value (FMV)

Income tax on transfer of unquoted equity shares at less than Fair Market Value (FMV)

Transfer of shares of listed entities is quite a simple and fair process as the price of shares are available on the stock exchange and shareholders have no option to transfer shares at value other than price available on stock exchange. However, what about the unquoted or unlisted equity shares. Whether shareholders can transfer such shares at any price or is there any mechanism specified for the same?

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Key takeaways from Interim Budget, 2024

Key takeaways from Interim Budget, 2024

During the year of the Central Election, Our present government has come up with an Interim Budget for FY 2024-25. All the financial schemes or Plans proposed in the Interim Budget are temporary until the final budget is presented by the new Government post elections.

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Deductions for purchases from MSE to be allowed on Payment basis| Amendment in Section 43B of Income Tax Act

Deductions for purchases from MSE to be allowed on Payment basis| Amendment in Section 43B of Income Tax Act

For the last many years the government has provided various benefits for MSME (Micro, Small and Medium Enterprises) to boost their business. A separate portal is provided for the entities to register themselves as MSME. MSMEs are encouraged through various benefits such as collateral free loans, subsidy on patent registration, Free ISO certification etc. To take data of dues outstanding to MSME, The Companies Act also introduced Form MSME-1 wherein every company is required to disclose funds outstanding to MSME for more than 45 Days.

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