Chandan Sharma & Associates-Firm Profile

1 | P a g e C h a n d a n S h a r m a & a S S O C I a T E S , C h a r T E r E d a C C O u n T a n T


What we are Chandan Sharma & Associates, Chartered Accountants based in Mumbai is a proprietary firm represented by CA. Chandan Sharma (“the proprietor”). The proprietor is a graduate (in commerce) from Mumbai and an Associate Chartered Accountant. We are providing services in relation to Direct Taxation, Indirect Taxation, Audit, Certifications and Registrations and also have associate firms and professionals who can provide the services of Company Law and other services. Basic Details of the firm is as under: Practicing Date May 2015 Membership No. 166280 Firm Registration Number (“FRN”) 141998W Contact No. 9821651030 Email [email protected]

[email protected]


Our Services 1.0. Direct Tax Direct taxation in India broadly refers to the Income Tax which involve Personal Tax, Corporate Tax, Minimum Alternate Tax (‘MAT’), Capital Gains (“CG”) tax under the Income Tax Act, 1961 (“the Act”). In relation to the above our Services are as under: 1.1. Tax Representations

We provide income tax assessments/re-assessments documentation reviewing, submission and representation before the Income Tax Authority (“the Authority’) services to Client. We provide assistance in preparing and filing of the appeal petitions before the Commissioner of Appeals (“CIT-A”). We represent and submit any other communication to respective Authority as in case of Rectification, Refund and Summons Under section 133(6) of the Act and other Notices from the Authority.

1.2. Tax Assistance We assist in tax planning opportunities for Individuals and Corporates under the Income-tax laws, in order to manage the legal tax obligation. Assistance in availing benefits, exemptions, reliefs, rebates and deductions to minimize the incidence of tax under the Act. We assist in preparing the tax provisions and deferred tax workings.

1.3. Audit and Assurance We conduct statutory audits which are aimed at achieving compliance with regulations, assessing the strength of controls, confirmation of accounting treatments of recorded transactions, independent review of reported information and preparation of accountants’ report. We prepare and submit the Tax Audit Report required under section 44AB of the Act, where the reporting is made in the specific areas/sections under the Act.


1.4. Compliance Assistance in preparing and filing of income tax returns. Assistance in preparing and filing of e-TDS returns after due verification of rates and norms under the Act & rectifications for the same. Assistance in preparing of computation for advance tax payments. Assistance in obtaining the Lower Deduction Certificates (“LDC”) under section 197 of the Act. We assist in obtaining Permanent Account Number (“PAN”) and Tax deduction Account Numbers (“TAN”). Registration of Partnership Firms, Trust. Certification such as 15CB/15CA, Networth Certificates etc and other attestation functions

1.5. Book Keeping and Accounting Services Checking and verification of Accounts Ledger Scrutiny Preparing and assisting in preparing the Profit and loss accounts, Balance sheet and Capital Accounts Finalisation of the accounts Preparation of Budgets

2.0. Indirect tax Indirect taxation in India broadly refers to the Service Tax, Value Added Tax (“VAT”), Central Sales Tax (“CST”), Professional Tax (“PT”)

VAT audit Registration under Service Tax, VAT, CST, Provident Fund (“PF”), PT and Employee's State Insurance Corporation (“ESIC”). Preparation and filing of return Local Body Tax (“LBT”), VAT, CST, PF, PT and ESIC. Attending offices of LBT, VAT,CST, PF, PT, ESIC etc for resolving issues related to filing return, interest etc.

3.0. Other Audits and experiences Stock Audit, during trainings Banks audit handled-State Bank of Hyderabad, during trainings


4.0. Company Law Services In relation to Company Law services which are provided by our Associates: 4.1. Corporate And Secretarial:

Incorporation of Private, Public as well as Section 8 Companies, Companies under Part I, Limited Liability Partnerships. Striking off name of the Company u/s. 560 of the existing Companies Act, 1956 as the new provisions are not yet notified. Issue, allotment and transfer of Securities. Drafting of various kinds of Resolutions. Maintenance of statutory Books, Registers and Minutes Book of the company. Shifting of situation of the registered office of the Companies. Change of Name, Object of the Companies. Increase in Authorized Capital of the Companies. Reduction of Share Capital. Alteration of Memorandum and Articles of Association Compilation with Annual Filings and Annual Report including XBRL filing. Creation of Charge on the assets of the Company after availing the Loan facilities, modification and Satisfaction as required under the existing Companies Act, 2013. Conversion of the constitution of Companies. Conversion of Companies into LLP. Filling of various Forms, Returns with the Registrar of Companies. Conduction of inspection of various Documents at the Office of the Registrar of Companies as well as online inspection on the MCA Portal Filing of petitions for Condonation of delay u/s. 87 of the Companies Act, 2013 Conduction of Board as well as General Meetings. Digital Signature Certificates. Role Check of Digital Signature Certificate on the MCA portal. Application of new DIN


4.2. Due Diligence And Corporate Compliance:

Conduction of Secretarial Compliance Certificate Audit u/s. 383A of the Companies Act, 1956 and issuance of Compliance Certificate, applicable now only for F.Y. 2013-2014. Conduction of Secretarial Audit and issuance of Report. Conduction of Search and preparation of Status Report mostly required by the Banks. Drafting of Memorandum and Articles of Association. Statutory compliance management, Due Diligence, Corporate Restructuring, Corporate regulatory affairs, Arbitration, Commercial laws, Stamp laws.

4.3. Foreign Exchange Management Compliances: Preparation of Advance Reporting documents after receipt of funds as Share Application Money from overseas investors. Preparation of Form FC-GPR – Part A after allotment of Shares to overseas investor. Preparation and filing of Annual Return under the act required to be filed by every corporate having foreign assets & liabilities.

4.4. Legal Matters: Drafting and Vetting Of Agreements. Legal Research and Forming Legal Opinion. Money Lending Licenses, Formation of Trusts Etc.

4.5. Intellectual Property Rights: Trade Mark Registration. Copyright Registration