Assistant Software

Sumati Padhy Home: 412-***-****

***, ******* ****, ***#*** Home: 412-***-****

Clemson, SC-29631 *****.******@*****.***

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SUMMARY

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Certified Public Accountant (CPA) earned in May 2012 from California Board of Accountancy. Five years of work experience in Taxation and Auditing as a Tax Assistant and Audit/Article Trainee/Assistant. Experienced in preparing income tax returns of corporate clients and individual tax returns, handling tax appeals and refund cases of clients, advising and guiding clients in relation to income tax issues, tax planning, financial statement audits, finalizing accounts, preparing audit reports.

PROFESSIONAL EXPERIENCE

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Tax Assistant: VATSARAJ & Co. Chartered Accountants Firm, Fort, Mumbai, India. (January 2010-December 2010)

Computation of Taxable income and tax liability.

Advance tax estimation and deposit.

Filing of Income tax and wealth tax returns.

Liaison with Income tax department for rectification, assessment proceedings, scrutiny matters, obtaining refunds etc.

Filing and pleading appeals under various provisions of Income Tax Act.

Opinions on the various Double Tax Avoidance Agreement related issues relating to remittance of payments to nonresidents or to foreign companies.

Opinions on the complicated issues related to Income Tax Act, Partnership Act and Companies Act by analyzing various case laws and case studies.

Drafting of Partnership Deed and forming of Partnership Firm under Partnership Act.

Formation of Trust and preparing Trust Deed,

Designing / restructuring salary structure to minimize tax burden or tax planning.

Advice on future tax implications in respect of the potential acquisition.

Audit/Article Trainee (Audit and Tax Assistant): M/S PRAKKASH MUNI & ASSOCIATES, Fort, Mumbai, India. (August 2005-August 2009)

Audit

Financial statement audit of companies, concurrent/branch audits of banks and HR audit of companies.

In-depth study of existing systems, procedures and controls for proper understanding.

Ensuring compliance with policies, procedures and statutes.

Checking the genuineness of the expenses booked in accounts.

Reporting inefficiencies at any operational level.

Detection and prevention of leakages of income and suggesting corrective measures to prevent recurrence.

Finalization of accounts, preparing Balance Sheets and Profit and Loss account and Audit Report.

Taxation

Prepared individual, partnership and corporate Income tax returns.

Preparation of Tax Deducted at Source returns (tax held by employees for government) and preparing and issuing Salary certificate for employees of corporate clients.

Consultancy for proper accounting of expenses liable to Fringe benefit Tax (FBT) and giving opinion on FBT related issues.

Corporate Law

Consultancy on Company Law matters.

Filing of Annual Returns of Companies with Registrar of Companies.

Minutes writing and Maintenance of Statutory records

Procedures for change of Name, Objects, Registered Office, etc. of corporates.

Payroll

Preparation of Monthly Salary Statements of corporate employees.

Deductions as per applicable Tax laws.

Computation of taxable salary and tax to be deducted at source.

Periodic Reconciliation of payments/statutory deductions with books of accounts.

Issuance of salary certificates to corporate employees.

EDUCATION

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Certified Public Accountant (CPA) from California Board of Accountancy in May 2012

US equivalent Bachelor’s degree in Accounting and Commerce obtained from University of Mumbai, India in May 2004.

Chartered Accountant (CA) from Institute of Chartered Accountants of India (ICAI) in November 2010.

Computer skills: Windows operating system, Microsoft Office, Excel, Power point, Taxbase software, MCA-21 software, VETAN payroll software, e-TDS software, ERP packages etc.

PROFESSIONAL AFFILIATION/MEMBERSHIP

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Member of the Institute of Chartered Accountants of India (ICAI), Mumbai, India.

The above information is true to the best of my knowledge and nothing has been concealed. The original documents will be produced for verification on request.

Date:

Place:

(Mrs. Sumati Padhy)

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