Firm profile PSC 24052016

P r a k a s h

_______________________________________________________________________E-mail: [email protected] , www.psc.co.in

Prakash Sachin & Co. is a

Accountants having its Head

pan India presence through

Jharkhand and associates in

firm has also marked its presence

different countries across Europe,

associates USA also.

The firm is engaged in professional

s including transfer pricing,

covering Excise, service tax

matters, Corporate law, allied

Assurances related matters

Business Advisory services,

compliances and matters related

provides its services to Fo

Public Limited Companies,

Companies, International NPO

P r a k a s h S a c h i n & C o , C h a r t e r e d A c c o u n t a n t s .

_______________________________________________________________________

a well-known and reputed firm of Chartered

Head office at New Delhi, India. The firm

ough its branch offices in Gurgaon, Mumbai

in metro city as well as in other cities

presence in overseas through its associates

Europe, Asia and Latin America. It

professional services related to Income tax

International tax& DTAA issues, Indirect

tax, VAT & CST and Custom & FTP

allied law, FEMA and RBI related matters

matters .The firm is also engaged in the

services, Tax Advisory & litigation, Regulatory

related to foreign investment & trade.

Foreign Companies, Multinational Companies,

Companies, Limited Companies, Private

NPO and Banks etc.

A c c o u n t a n t s .

1

Chartered

firm has got

Mumbai &

also. The

associates in

It has its

tax matter

Indirect tax

FTP related

matters, Audit &

areas of

Regulatory

The firm

Companies,

Limited


2 _______________________________________________________________________ E-mail: [email protected] , www.psc.co.in

Knowledge Support – Knowledge is Power.

The mantra of the firm is “Knowledge is power.”

In a very dynamic and fast changing global situation, where the internet

and social sites are used as uninterrupted flow of information and

knowledge , the firm commitment and zeal of its team to deliver the best

solution in efficient and time bound manner combined with the spirit &

smile, helps the organisation to stay ahead with its peers. The

organisation believes in the dissemination of knowledge is the best way to

acquire it and in this process, it releases weekly updates which contains

recent changes, notification and amendments and judicial pronouncement

on every Monday. This weekly updates is known as “Weekly Bulletin”

and it is issued after thorough discussion of the team members on every

preceding Saturday. This weekly bulletin truly represents the practice

areas of the firm.

The firm subscribes the leading Tax and corporate journal of India and

also subscribes the private online reporting of tax laws, reports, articles

and judicial ruling through Tax Sutra and Taxman. In the matter of

transfer pricing, the firm uses the Prowess tools developed by CMIE &

Thomson Reuters .The firm appreciates and recognises that in the

competitive market place the client who are the pillars in the firm’s

success , deserves the best professional, updated, easily understandable



advice, and the firm has the commitment with sincerity to serve them

with the updated knowledge with best possible expertise, resources ,

personal attention, complete integrity and confidentiality .

Infrastructure Support –

With offices at various places, the firm has team size of over 35

professional including an integrated team of experienced partners and

associates. The team strength, location, training and experience enable

the organisation to provide the best services to its clients in most

complicated transactions throughout India. All the information technology

hardware’s system follows the security compliance guidelines and restricts

the leakage or pilferage of any data and personalised information of

client. The administrative head office is New Delhi.

Human Resources –

The most valuable assets the firm possesses are its team of experienced,

knowledgeable, talented and dedicated pool of human resources. The

efficient delivery of the work and client satisfaction are the two important

mantra of the firm . It pays special attention is on its best young and

talented professional who are qualified Chartered Accountant ,

Company Secretary, Cost and Management Accountants , Law Graduates

& MBA and all works in a team wherein each person is being called a

team member and the team leader are the experienced Manger guided by

Director/Partner of the firm. With an endeavour to provide the best

service well within the time, the firm has grouped the team in verticals.

All the verticals in turns report to the Manger and then Director /Partner

who has the interface with the clients /business associates. The firm has

the policy to identify, nurture and develop the young professional who can

carry the baton of the organisation to the next level with new heights.



P R A C T I C E A R E A S

The firm has established practice groups to serve its clients’ diverse

needs:

1. FEMA (Foreign Exchange Management Act) & RBI related issue.

2. Advisory , Compliance and litigation in the matter of income Tax

including International Tax, DTAA & Transfer Pricing , Specified

Domestic Transfer pricing and its related study report and issues.

3. Advisory, Compliance and litigation in Indirect Tax covering

Central Excise, Service Tax, Customs law, Central Sales Tax and

State VAT related issue. SEZ, STP, EOU and DGFT related matters

4. Taxation and legal matters in the EPC (commercial contracts and

E - commerce transactions.

5. Corporate law and allied law related issue. Due Diligence,

Valuation and merger & acquisition.

6. Auditing & Assurances covering Statutory Audit, Internal audit,

Transaction Verification audits. Bank Audits covering statuary

Branch audits, revenue audits, concurrent audits, Credit

Monitoring audits and stocks audits.

7. Business Advisory services



8. F E M A ( F o r e i g n E x c h a n g e M a n a g e m e n t A c t ) .

The firm has a dedicated team to work on the foreign exchange regulation

and FIPB approval. Since India has a liberalised current account regime,

the firm has expertise in the matter of foreign exchange transaction

related to the Non-resident, Nonresident India (NRI) and PIO. The firm

provides its services in the capital account transaction covering from FDI

approval, ECB and other securities issue related transaction, incorporation

of WOS, Joint Venture, share valuation and allotment, FCGPR and FLA

filing, establishment of Liaison office, project office, Branch office, and

any other exchange control matter. The firm represent before the

adjudicating authority for the compounding matters.

In Anti Money Laundering provision, the firm has established its repute in

advising and successful defending the clients.

The firm represents diverse range of clients in evaluating business

options, restructuring companies, establishing joint ventures and

negotiating other commercial arrangements.



I N C O M E T A X The organisation engages in an exceptionally sophisticated, broad-based

tax practice, touching many different economic sectors under different

situation of changeability, attribution, Capital Gain, incentives, deduction

and exemption. It practices in all Income Tax related issue including

Assessment, Representation, Certification & Litigation related issues. The

firm provides the representation services before different judicial forum.

Further the firm also provides its professional services in the matter

related to search and seizure and its related assessment. The firm is

actively involved in providing tax-related advice on acquisitions, mergers,

de mergers, absorption’s, slump sales, reorganisation and restructuring of

businesses. The firm advices on the exemption and incentive related issue

under the various provision for the Industrial undertaking, infrastructure

facility and for the units under the SEZ, EPZ, EOU, STPI and suggest the

various compliance norms . The firm has a specialisation on the taxation

issue arising of the offshore or onshore turnkey contracts in the power

sector, Oil & Gas Sector & Infrastructure project like Roads, Airport, Dam

and port etc.



I N T E R N A T I O N A L T A X & D T A A M A T T E R S

The firm provides the Services of advisory and litigation in Income Tax

matters covering International Tax and tax relief under various DTAA

(Double Tax Avoidance Agreement) which India has entered into with

various countries. The firm practices on the cross border taxation issue

arising from Indian Income tax Act and its covering Direct as well indirect

transfers of securities, FTS & Royalty issue , movable & Immovable

property related issue, Business Connection issue, Permanent

Establishment under DTAA, attribution, computation, exemption and

deductions . The firm practices on the triangular issue of taxation with a

focus on independent personnel, professional, Athletes, Artist, Sportsman

and Government and Diplomatic consulate and UN and World Bank staffs.

The firm handles the issue related to FIIS. The Partner of the firm is the

member of the ITAT (Income Tax Appellate Tribunal) Bar Council and

regularly appears in appeal matter before it. Apart from this the partners

also appear before DRP, CIT (A), & AAR.



TRANSFER PRICING – STUDY REPORT AND LITIGATION .

The firm is engaged in the Transfer pricing audit and preparation of the

transfer pricing study report covering the international transaction as well

as Domestic Transaction. The firm has a dedicated team comprising of

the expert in the different subject domain including the MBA and

Economist who dwell upon the extract the best in the reporting and

pricing. This team has worked on the capacity building and is competent

to raise the best defence in case of litigation by the Revenue. The partner

of the firm appears before the Dispute Resolution Panel and Tribunal to

represent the matter.

The firm undertakes the assignment for the determination of the arm

length pricing for both the tangible and intangible related matter covering

intra group services and shared services.The firm intends to represents

the client in the APA (Advance Pricing Agreement) related matter covering

both the unilateral and bilateral matters and appear before the competent

authority appointed under DTAA.



C U S T O M S , C E N T R A L E X C I S E S E R V I C E T A X & S E Z , F O R E I G N T R A D E P R A C T I C E R E L A T E D I S S U E The firm practices in the Central Excise matters, CENVAT Credit Rules,

Customs matters and its regulation, Service Tax Matters and other

matters of indirect tax. The firm has successfully handled various matters

of product classification, valuation and CENVAT credit. The firm guides its

associates about the various exemption /incentives/abatement available

vide different notification or circular to the different sectors / area and

helps the client in defining their Business Policies and model towards

efficient tax planning. It provides the services on the statuary matters

related to the units in SEZ ( Special Economic Zone ) , STPI ( Software

technology Park ), EHTP ( Electronic Hardware technology Park ) , EOU (

Export oriented units ) and DTA ( Domestic Tariff Area ) .

P r a k a s h

_______________________________________________________________________E-mail: [email protected] , www.psc.co.in

G O O D S A N D S E R V I C E The Goods and Service Tax is

in India and it will subsume

Central Sales Tax and State

matters related to Central Sal

and Service Tax and has kept

and its effect with advisory

professional under a to look

senior partner of the firm.

representation services, compliance

issue.

The firm undertakes appeal

the Commissioner and Tax

advocates who can take up

cities in India where the firm

arrangement facilitates the

point whereas our team delivers


_______________________________________________________________________

S E R V I C E T A X .

is new law that is expected to be implemented

subsume the existing law of Excise, Service

State VAT. As of now the firm practice

Sales Tax and State VAT including the

kept itself associated with the proposed

advisory and planning .The firm has a

look into these area under the leadership

firm. The firm provides the advisory

compliance services and the litigation

matters related to State VAT and CST

Tax Tribunal level whereas it has a

up the matter in the higher courts, in

firm does not have the physical presence.

associates to coordinate with a single

delivers the services on pan India basis.

A c c o u n t a n t s .

10

implemented

Service Tax,

practice in the

the Excise

proposed changes

team of

leadership of a

services,

litigation related

CST before

team of

in various

presence. This

single contact



C O R P O R A T E M A T T E R S

The Corporate and Commercial Law practice is at the heart of the

organisation. With the New Companies Act becoming effective, rules

being notified and further amendment has also been notified , the law has

become more dynamic and needs a dedicated team of professional to

attend the issues and moreover the compliance , disclosure and reporting

.

The practice in the firm provides advice on various compliances required

by the various committees including the audit committee, related party

transaction , Board meeting , quorum , general meeting of the members ,

meeting of the creditors , voting issues , Independent director issues ,

management issue , accounts and auditor related issue and various broad

spectrum of matters, ranging from general corporate advice, corporate

governance, company formations, contract law, and exchange control

regulations.

As the compliance and disclosure are two important aspects of the New

Companies Act, the firm provides professional services on this aspect as

advises its associates on the related compliance and forms that are

required to file with ROC.



E X P A T R I A T E R E L A T E D M A T T E R ( I N B O U N D A N D O U T B O U N D ) A N D S O C I A L S E C U R I T Y R E L A T E D I S S U E

The firm has an expertise in the expatriate related tax as well non tax

issue and advices on both the inbound and outbound deputation and

secondment. The firm has its expertise on the development of the

Deputation/secondment agreement Vis-a –Vis existence of service PE.

The firm provides a complete solution in respect of inbound expatriate

ranging from FRRO registration to complete his Income tax, DTAA and

FEMA compliance, Social Security issue covering foreign worker and

Certificate of Coverage and repatriation of tax paid earning.

The firm provides the services for trust and estate planning related to NRI

having different scenario of Global family situation covering the issue

ranging from movable , immovable property and Intellectual Rights.



I N F R A S T R U C T U R E & E P C C O N T R A C T R E L A T E D A D V I S O R Y S E R V I C E S

The firm has special interest in handling the EPC (Engineering,

procurement & construction) contracts and its related contractual,

taxation and legal issue. Be it the Oil & Gas Sector, Petrochemicals sector,

Power Sector, High ways, Port etc or any other Infra structure sector the

firm has developed the capacity to understand the minute issue related to

taxation, legal and Contractual matter and provide a complete solution on

this issue based on the Standard Global Practice which are being adopted

by the major player in this sector. The firm gets involved in the pre bid as

well post bid discussion with the client on the above issue which help the

contractor as well contractee to sort out the issue before making

commitments. The firm also gets engaged in the arbitration matter

covering the commercial, legal and contractual matters.

With the opening of the Railway and Defence sector, the scope of foreign

contractor with latest technology and R&D expertise has significantly

increased and lot of EPC contractor are engaged in various sector. The

government as well the private sector has awarded various contracts

either on the PPP (Public Private Partnership) or EPC model.



V A L U A T I O N , D U E D I L I G E N C E e t c

The firm has set up its team under the guidance of senior Partner for the

Valuation of the entity, its business and financial securities. This valuation

and transition advisory cell is committed to provide market researched

based professional, ethical and high quality consultancy in a transparent

manner. The firm covers the complete spectrum of the valuation, based

on the purpose and objective and delivers the professional services with

innovative way. The firm proposes to develop a multi disciplinary

expertise across various industry segments which can handle the complex

issues of valuation, covering the whole range like Securities Valuation,

Tangible and Intangible assets including impairment studies of the

tangible and intangible assets.



A U D I T I N G & A S S U R A N C E S

The firm has diversified experience in auditing like, Statutory Audit,

Internal audit, Stock Audit, Transaction Audits (TVA) of various

Corporate & Non Corporate client.

The firm has been conducting the statutory audit as well as internal audit

of some reputed clients from Manufacturing Industry, Construction

Industry, Service Industry and Institutions etc. The clients list include

both corporate as well as non corporate entity spread over in different

product/services segment.

In FMCG Sector the firm provides the services of internal audit/stock audit

of manufacturers of Branded readymade garments, Health care products,

pharmaceuticals items, fresh food products and leather item & its related

footwear products. In addition the firm is engaged in the internal audit of

BSE/NSE listed Infrastructure construction companies and companies in

IT/ITES sector.

The audit department is headed by a partner and the team consists of

qualified Chartered Accountants and semi qualified Assistants and is

geared up to take handle the assignment of any large industry .



B A N K A U D I T

The firm is empanelled with RBI. The level assigned is level –II. The firm

is the statuary Branch Auditor of State Bank of India since last successive

six year. Apart from the Statuary Audit, the firm is empanelled with

Allahabad bank, Oriental Bank of commerce , Bank of Maharastra and

other Public Sector Banks for their Revenue, concurrent and stock audits.

In private sector Banks , the firm is the authorised credit monitoring

agency appointed by ICICI banks , AXIS Bank and HDFC Bank which

involves the continuously supervise the borrowers accounts on behalf of

these banks in terms of Units inspection, stock verification , ROC search

etc and other assignments as provided by the Bank .



P R O F I L E O F P A R T N E R S -

P R A K A S H S I N H A

Prakash Sinha (FCA) aged about 43 years, is the senior partner of the

firm. He has post qualification experience of about 18 years. During the

passage of time he has developed himself in the Taxation advisory and

litigation services, Business Advisory Services, Management Consultancy

services covering the whole Corporate & Commercial matters and

regulatory issues. He has got the experience and expertise in the FEMA,

Corporate law matter, Taxation matter including the International Tax and

Transfer pricing matters. He was a member of the Research Study Group

constituted by Northern India Regional council of Institute of Chartered

Accountants of India on the International Taxation and WTO matters. He

has successfully completed the Certificate course of Institute of Chartered

Accountants of India on the subject of International Taxation and Transfer

Pricing, Diploma in Information System Audit (DISA). Further he has

completed the course of IFA (International Fiscal Association) Delhi

Chapter on the Subject of International Taxation and Transfer Pricing. He

has completed the LLB and advising the client in various legal and

regulatory matters .He has handled various assignments successfully in

the areas of firm practice.



S A C H I N S I N H A

Sachin Sinha (FCA) aged about 38 years, is the senior partner of the firm.

He has in hand experience of Taxation, Auditing and Management

Consultancy. He has developed himself in the direct Tax, Corporate,

Secretarial, and Commercial issues. He has successfully completed the

Certificate course of Institute of Chartered Accountants of India on the

subject of International Taxation and Transfer Pricing. Further he has

completed the course of IFA (International Fiscal Association) Delhi

Chapter on the Subject of International Taxation and Transfer Pricing.

SUKOMAL SINHA

He is the most senior partner of the firm and heads the Asansol office of

the firm . He has the rich experience of more than 40 years in the areas

of Financial services , Banking and Insurance sector and other

professional areas. He heads the corporate law practice of the firm and

has been involved in various professional assignment related to the

Merger and acquisition , corporate legal matters , winding up issues and

similar matters.

VANYA BANERJEE

She is one of talented and experienced member of our team and heads

the audit division . She is the qualified Chartered Accountant and has

completed post qualification course on Concurrent audits of Banks and

further has Completed the DISA course of ICAI . She has the post

qualification experience of more than 5 years in the field of statuary

Audits , Internal audits and IFRS matters .



K . T . N R A O

He is a young and talented fellow member of the Institute of Chartered

Accountants of India based at Mumbai and heads the Mumbai Branch of

the firm. He has a rich knowledge in the Taxation, Audits & Finance

related matter. He takes care of client for their IFRS related issues of

corporate client. His focus is on the corporate law related compliance,

SEBI related matters and pre listing & post listing compliance of the

corporate entity.

T W I N K L E J A I N She is an associate member of the Institute of Company Secretaries of

India and enjoys a rich experience in the Corporate Law & other allied law

matters, FEMA matters and SEBI Matters.



Our Offices

Prakash Sachin & Co ,

Chartered Accountants

13 D, Atma Ram Building ,

1 Tolstoy Marg ,

New Delhi -110001

Tel -011-42173536/23355285

Prakash Sachin & Co .


Roopaayan”,

Row house, Plot no 31,

Sector 1, Koperkhairane,

Navi Mumbai, Pin : 400 709

Tel: + 91 22 27547042

Prakash Sachin & Co


The Business Forum

30, Karpenisi Street

P.O.Box: 20533 1660

Nicosia, Cyprus

Tel: +357-22843000

Prakash Sachin & Co


Buddha Road ,

Sekhar Nivas ,

Near Astha Academy School

Asansol

713301

www.psc.co.in [email protected]

skype-prakashsachinca

Court Road, Jamtara

Jharkhand – 815351

Tel: + 91 9308187406

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Firm profile PSC 24052016