Vipin Jain

FCA, CPA(USA), DISA, CCIDT, CCAB, B Com (Hons)

USA Taxation  Prepared and completed medium volume Federal and State client’s tax returns including 1120, 1120-S, 1065, 1040 & 1040 NR.  Filing of extension for 6 months in Form 4868 for Individual and in Form 7004 for corporation.  Preparation and filing of Franchisee Tax Report in Texas state for Corporation (Texas Franchise Tax EZ Computation Report).  Researched various tax issues to ensure compliance with Federal and State revenue agencies.  Analyzed client provided work paper to substantiate income, deduction, and tax positions items taken on federal form 1120, 1040 and accompanying required forms.  Help taxpayers by using their Federal, State and local codes and see to it that client receive the maximum benefits permitted under the law of government.  Maintained all documentation as required by IRS regulation.  Audited and analyzed book and tax differences.  Knowledge of accounting as per US GAAP and IFRS.  Score 93% marks in Regulation and 92% marks in FAR CPA exam. Litigation Matters (Indian Taxation)  Representation at various levels like Assessment and Reassessment proceedings, CIT(A), ITAT, Directorate of Income Tax (Investigation) specifically related to cash demonetization, capital gain, foreign asset transactions and section 148 reopening etc.  Preparation & drafting of various replies for Assessment and Reassessment proceedings, CIT(A), Directorate of Income Tax (Investigation).  Representation before the Income Tax valuation department under section 50C read with section 55A of the Income Tax Act, 1961.  Representation before the TDS prosecution wing, Delhi for delay in payment of TDS and filing of TDS return.  Assisting departmental officials for analysis of input credit chain analysis to identify frauds.  Representation before service tax audit and anti-evasion department.  Representation before the Directorate General of GST Intelligence (DGGI).  Appearance before National Company Law Tribunal (NCLT) and assisting team of advocates. Advisory Services  Drafting of replies to various Direct Taxation queries raised by clients/audit teams etc.  Finalization and vetting of all computations of income of various clients (Including Individuals/ partnership firms, Limited Liability partnership and private limited company).  Advising on income tax implications and procedures of companies after demerger awarded by the court  Compliances to the various provisions of FEMA and RBI in respect of liaison office, branch office of the foreign company.  Assisting Non resident individuals in selling their Indian properties. Vetting all sale agreements, computation of capital gain, investing funds under section 54 and helping them in taking their money outside India with due legal compliances.  Filing and obtaining of Letter of Undertaking and bond for export of goods and services under GST including advisory on post export matters relating to refund.  Filing refund application under GST law and getting refund under inverted duty structure.  Filing SEIS scripts application with DGFT and obtaining scripts.  Handling monthly direct and indirect tax retainership of clients. Others  TDS compliances and filing of TDS Returns.  Online correction of TDS defaults and income tax rectifications.  Liaisoning with the Income Tax and GST Authorities for pending Refunds.  Specified Domestic Transfer Pricing Audit and Tax Audit under Section 92BA and Section 44AB respectively of the Income Tax Act.  Online and manual filing of rectification application under section 154 of the Income Tax Act 1961.  Issuance of TDS certificates (Form 16 and 16A), Form 15CA and 15CB.  Registration of Trust under Section 80G and 12A of the Income Tax Act 1961 and various compliances under the Societies Registration Act 1860.  OTHER COMPETENCIES  Preparation and filing of various forms to the Registrar of Companies.  Due diligence of net worth and financial credibility for various NBFC’s and banks  MSME registration (Udyam registration) and compliances under the Act.  Various statutory audit, GST audit of public sector undertaking, public sector banks, private limited companies, partnership firm etc.  Assisting in issuance of prime sector lending certificates (PSL) to various NBFC’s  Incorporation and striking off Private Limited Company and Limited Liability Partnership.  Finalisation of Balance Sheet, Statement of Profit & Loss and Cash Flow Statement as per Schedule III of the Companies Act 2013.  Assisting client in obtaining registration under various laws like Sales Tax, Service Tax etc and helping them for subsequent compliance thereof.  To develop client portfolio- Creating / managing independent relationships with clients and building broad networks within the firm.