"Alok is the Co-Founder of "Finance Optima" a name synonymous with bespoke high quality, path-breaking, innovations & trendsetting services in finance , taxation, Investment & Management domain. He is a qualified Chartered Accountant and seasoned finance professional with the experience of couple of decades. He has extensive experience in working for start-up and well established organizations in the ITES, Credit Rating and manufacturing businesses. with responsibilities for Strategic Financial Management, Inland & Overseas Treasury Management, Financial Reporting (having good applied skills of IFRSs). , Direct & Indirect Taxation, Compliance, Audit & Assurance, Payroll Management, Commercial Negotiations, Export Incentives/EDPMS/IDPMS Management, ERP Implementation (SAP, Navision etc). His extensive experience includes Financial Planning & Analysis, Cash Flow Management, Development & Implementation of Internal Financial Controls, Working Capital & Assets management, Financial Modelling & Budgeting (including Operating Plan), Cost Control, relationship management with Banks, Auditors, Group Entities and other Internal & External Stakeholders. Alok has achieved significant results in ♦Finance Cost Optimization. ♦Receivables Policy formulation, implementation & control with significant reduction in collection cycle; successful. ♦GST roll out in the company with detailed Impact Analysis of GST on Supply Chain, Revenue & Costs, Requirements of various functions (e.g. Sales, Commercial, Finance, Production & Distribution etc), implementation of changed processes & documents/records. ♦In time finalization of monthly/quarterly/annual accounts and establishing effective reporting process for Overseas Counterparts. An admired professional among peer functions, gained appreciation and awarded with “Best Performer Award”. Worked closely and extensively with all peer functions. An enterprising leader, self-directed forward-thinking person with excellent communication & networking skills, strong team player. A strategic visionary with sound financial skills, analytical ability, good judgment, A trustworthy person willing to share information."
A Quick Understanding on Reverse Charge Mechanism (RCM) on Goods Transport Agency (GTA) Services It has been more than a couple of years since GST was launched on 1st July 2017 but the organisations are yet to get settled down and adopt it with full clarity. Since the time GST was rolled out, there have […]
Currently, certain category of person e.g. Individual, HUF are required to file a tax return only if his total income exceeds maximum amount not chargeable to tax. With the objective of ensuring governance in Budget 2019 Proviso to Section 139 (1) has been inserted and the scope of tax-return filing requirement has been widened by […]
On 24th June 2019 the Hon’ble Gujarat High Court has given a landmark ruling in the case of AAP & Company, Chartered Accountants v/s Union of India that the FORM GSTR-3B is not a ‘Return’, rather Return specified for Section 39 in FORM GSTR-3 is a ‘Return’.
Are you an Individual or HUF Taxpayer? Be Ready to Deduct TDS on Contractual and Professional Services from 1st September 2019 In the Budget 2019 a new Section 194M has been inserted to require any individual or HUF (who is not required to deduct tax under Section 194C or 194J) to deduct tax at source […]
Have you ever thought that if you do not file your Income Tax Return, can you be prosecuted under the Income Tax Act? Let’s try to find out the answer to this scary question under the Income Tax Act. Before you move to the relevant section, let’s understand the provision related to the filing of […]
Learn about the consequences of late filing of income tax returns and the late fee under Section 234F of the Income Tax Act.
The Union Budget 2019 presented by Hon’ble Finance Minister Mrs. Sitharaman on 5th July 2019 has inserted a Proviso to remove the doubt over the interest for late payment of GST that whether the interest would be charged & payable on ‘Gross Tax Liability’ or only on ‘Net Tax Liability’. The confusion was there because […]
The Union Finance minister Mrs. Nirmala Sitharaman in her maiden budget speech has shown that the NDA Government led by Hon’ble Prime Minister Mr. Narendra Modi is focussing on boosting investments to bring the economy back on track. One of her biggest challenges is to revive growth in some key sectors apart from introducing measures […]
Hindu Undivided Family (HUF) is known to be a very good tax saving tool in India in an ethical & compliant way. Though it is not so widely used by the people as it could have been. Let’s understand who can form an HUF & how is it taxed under the Income Tax Act: Formation […]
LTA (Leave Travel Allowance) is one of the salary components known to all of us but very few including the HR people have clarity on the exemption on account of LTA. Let’s have a clarity capsule on LTA & know the facts about LTA we all should know: This exemption is allowed for expenses pertaining […]
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