Our firm’s Managing Partner CA. Sumeet Khanna, is Second generation in the Firm of Chartered Accountants. An Honours Graduate from Delhi University, India and a Fellow Member of the Institute of Chartered Accountants of India (ICAI. He qualified as a Chartered Accountant in 2003 with Meritorious performance. He was awarded by then Chief Minister of New Delhi Ms. Sheila Dixit, for his excellence in Auditing & Investigation. Thereon he joined the firm and has been handling Tax & Corporate Law matters. An Experienced Chartered Accountant with over 17 years of expertise in the areas of Business Analysis, Tax Planning, Tax Filings, Corporate Compliance & Advisory, Audit, Investigations & Reporting and Submissions to the Indian Tax & Regulatory Authorities. He is an expert in the Company Registration in India & LLP Registration in India. He has advised many multi national organisations in Setting up Business in India via formation of a Start-up company or by Acquisition of existing company in India. He have been advising multi national companies for obtaining Regulatory FDI Approvals through the Automatic Route and Approval Route. He is an expert in setting up Liaison Office / Project Offices in India for foreign company. The firm under his leadership is handling Non Resident Tax Advisory department serves its clients present in over 27 countries covering America, Europe, Gulf, Africa, South East Asia and Australia. His excellent communication and interpersonal skills, combined with an excellent understanding of complex tax & regulatory issues has helped the firm grow multi fold in the past few years.
AREAS OF PROFESSIONAL EXPERTISE
Business Review and Analysis
Review and analyze cross-border tax issues, being mindful of key performance factors and short and long term business objectives.
Scrutinize financial reports and statements in order to identify opportunities and capitalize on savings through the advantageous use of tax planning.
Financial Due Diligence for companies with respect to Income Tax Laws, Regulatory, Labour Laws, etc. and understanding accounting practices and internal systems for best company acquisitions.
Tax Advisory & Compliance
Prepare corporate and personal Income tax returns for Corporate & Income Tax Returns for High Net worth Individuals.
Expert Advisory under Income Tax, Goods & Service Tax.
Manage Income Tax Audits and ensuring compliance in Tax Fillings.
Review issues involving the India- International Double Taxation Avoidance Treaties.
Compliance related to Tax Fillings and Tax clearance of Foreign Subsidiaries and Foreign Company in India.
Representation before Tax Authorities for Assessments, Appeals & Other Litigation Matters up till the Apex Supreme Court levels.
Investigate complex issues such as individuals relocating to/from foreign countries, and considering the effect of the foreign holdings.
Perform tax due diligence reviews for mergers and acquisitions of corporate.
International Tax Advisory including tax issues of a corporation carrying on business in other jurisdictions.
Audit, Investigations & Reporting
Conduct Statutory, Tax and Internal Audit of Financial Statements of Corporate & High Net Worth Individuals.
Conduct Transfer Pricing Audits for Cross Border Transactions of Multi-National Corporations
Conduct Due Diligence, Forensic and Limited Review of Financial Statements for Corporate and Multi-National Corporations.
Investigating Serious Frauds and Maintaining trails to unearth complex issues.
Reporting to Banks, Insurance Companies and Investigating Authorities on complex issues.
Prepare and maintain compliance of Annual and Quarterly compliance””s with Regulatory authorities such as Reserve Bank of India and Insurance Regulatory & Development Authority.
Representation before Regulatory Authorities such as Reserve Bank of India to secure permissions and approvals for corporate, expats and individuals.
Representation before Tax Authorities for Assessments, Tax Issues, Lower Tax Rate Approvals.
Attended Workshops on Transfer Pricing Aspects, IFA
Attended Workshops on Royalty & Fee For Technical Services, IFA Information System Auditor (ICAI), 2003
Passed Direct Insurance Broker Exam, IRDA, 2003
Bachelor of Commerce (Hons.), Delhi University, 2001
International focus based on strong local capabilities
Maybe it won’t get that far, but those who care about these international law disputes think China and the U.S. are on a collision course because both sides hew closely to contradictory readings of international law. One would assume the conflict won’t go nuclear, because that’s a patently absurd result for economically intertwined nations.
Every act, every deed of justice and mercy and benevolence, makes heavenly music in Heaven.
I believe that religious duties consist in doing justice, loving mercy, and making others happy.
There can be no justice without truth. And there can be no truth, unless someone rises up to tell you the truth.
All the great things are simple, and many can be expressed in a single word: freedom, justice, honor.
We must weed out corruption and build a strong system of justice that the people can trust.
Equal rights, fair play, justice, are all like the air: we all have it, or none of us has it. That is the truth of it.
There is a higher court than courts of justice and that is the court of conscience. It supercedes all other courts.
At his best, man is the noblest of all animals; separated from law and justice he is the worst.
Every step toward justice requires suffering and struggle; the tireless concern of dedicated individuals.
I have been surrounded by the most caring lawyers, by agents who are willing to risk their lives for others.
Justice consists in doing no injury to men; decency in giving them no offense.
I realized in law school is that I'd never think the same again - being a lawyer is a part of who I am now.
It is not what a lawyer tells me I may do; but what humanity, reason, and justice tell me I ought to do.
Justice in the life and conduct of the State is possible only as first it resides in the hearts of the citizens.
Ethics is knowing the difference between what you have a right to do and what is right to do.