"Ankit is a Bachelors in commerce from Delhi University and a fellow member of Institute of Chartered Accountants of India, New Delhi. He is also certified in IFRS and Forensic Accounting and Fraud Detection. He lately qualified with ICAEW as well and is the co-founder of the firm. Prior to being associated with AJSH, Ankit worked with the Big 4 Accounting Firms (Pricewaterhouse Coopers India and Canada) and MNCs (American Express, India and Japan). Specialization & Experience Ankit carries extensive professional experience in various fields of financial advisory including tax and regulatory advisory, transactions advisory, valuations, inbound and outbound investment structuring, accountancy, audit and assurance. His extensive public accounting experience spans for more than 19 years. He has been a member of Technical Committee of ICAI for updating the existing Accounting Standards on the basis of corresponding Indian Accounting standard. His professional experience includes: Providing transactions support services including investor/ target identification, feasibility analysis, due diligence, valuations, transactions structuring and other support services; Investment advisory services including setting up joint ventures in India, fund raising, transactions structuring as well as entry and exit strategies; Statutory audit of major corporates in industries such as telecom, real estate, finance, infrastructure and aviation; Advising on Indian corporate tax, regulatory matters and international transactions; Assistance in SPAC transactions and Facilitation in Setting up business in India. In addition to above, Ankit is a USGAAP and IFRS expert and has also assisted clients in SEC and SEBI filings."
Goods and Service Tax (“GST”) was introduced in India i.e. July 1, 2017. Before GST, there were many different indirect taxes levied and collected by Central and State Governments. Centre collected service tax imposed on the provision of services while States mainly collected Value Added Tax levied on the sale of goods. Every state has […]
Union Finance Minister Nirmala Sitharaman in her maiden budget speech announced some income tax-related changes which will come into effect from September 1, 2019. Cash withdrawals exceeding INR 1 crore in aggregate in a year from finance institutions will attract TDS while in case of property transactions, the definition of immovable property has been broadened […]
Form 15CA is a declaration of remitter used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. This is starting of an effective information processing system which may be utilized by the Income tax Department to independently track the foreign remittances and their nature to determine tax liability.
Being a destination based, transaction wise tax, Goods and Services Tax (GST) ropes in strict compliance procedures for all the taxpayers or people falling under the gamut. Since every transaction is being recorded and tracked between the source and destination, it is obligatory for the taxpayers to maintain and declare information with utmost accuracy. GST […]
Over the period of 6 decades, the Income Tax Act of India has undergone various impediments. The judgments of the courts or amendments by parliament has made the Act lengthy and hard to interpret as there was a need to ease up the provisions and make it shorter. It is expected that the government may […]
Since the inception of the Goods and Service Tax in India, GST has been a matter of discussion for every layman and experts in the country. Like every coin has 2 sides, the implementation of GST in the country also has arguably many merits and demerits as compared to the earlier subsumed taxes. Moving on […]
Educate yourself on Income Tax Departments search and survey operations, crucial tools in combating tax evasion. Explore the powers and limitations under sections 132 and 133A, understanding when and how these operations are authorized. Learn about the circumstances, rights, and precautions associated with search and seizure procedures. Stay informed to ensure compliance and avoid legal repercussions.
Union Budget of India (2019-20) Ms. Nirmala Sitharaman, Minister for Finance and Corporate Affairs, Government of India announced the Union Budget for 2019-20, in Parliament on July 05, 2019. The budget aimed at boosting infrastructure and foreign investment, the first since the Bharatiya Janata Party led by Prime Minister Narendra Modi returned for a second […]
India could face a tax landmine with authorities beginning to question input tax credit claimed by companies in lieu of Goods and Services Tax (GST) paid by their vendors. The authorities have already started sending notices to businesses, confirming fears that scrutiny will increase in the new financial year as the government looks to plug […]
A small business can raise capital in a number of different ways, including by selling its securities. Under the federal securities laws, every offer and sale of securities, even if to just one person, must either be registered with the Securities and Exchange Commission (SEC) or conducted under an exemption from registration. One of the […]
