CA Surekha Cheemakurthi

• Handled income tax notices and assessments under various sections, including drafting detailed submissions, supporting documentation, and case law analysis.
• Prepared and filed Form 15CA/CB for foreign remittances.
• Assisted in transfer pricing compliance, including the preparation and review of Form 3CEB, FAR analysis, benchmarking studies, and maintaining TP documentation.
• Prepared and filed income tax returns with accurate computation of income, tax liability, and statutory disclosures.

• Reviewed and validated employee investment proofs to ensure compliance with tax exemption regulations.
• Ensured accurate payroll tax computation by interpreting and applying statutory requirements.
• Managed year-end tax filings, ensuring timely and error-free submissions.
• Handled compliance with tax demand notices, including preparation of reply letters and supporting annexures.
• Liaised with tax authorities for resolving outstanding tax demands, rectifications, and refund adjustments.
• Analyzed and responded to income tax notices, scrutiny assessments, and demand orders under relevant provisions of the Income Tax Act.

• Compiled detailed analyses of cash flow through regular reporting intervals.
• Ensured timely completion of financial reports.
• Examined operational challenges, pinpointed underlying causes, and suggested actionable solutions.
• Generated detailed reports to support executive decision-making.
• Enforced budget adherence, monitored expenditures, and suggested cost reduction measures.

1. Transfer Pricing.

• Prepared and filed Transfer Pricing Reports, along with Form 3CEB, as per regulatory requirements.
• Maintenance of transfer pricing documentation in accordance with Sec. 92D of the Income Tax Act.
• Extraction and analysis of comparables using the Capitaline database for determining ALM.
• Compliances related to local files, master files, and country-by-country reporting.

2. Direct Taxation

• Conducting tax audit assignments and filing tax audit reports in Forms 3CA-3CD and 3CB-3CD.
• Assisted in representation before tax officers during assessment hearings and faceless assessments.
• Managed end-to-end process of resolving income tax demands, including filing rectifications, submitting grievances, and addressing issues where required.
• Preparing income tax computation, finalising books of accounts, and filing income tax returns.

3. Audit and Assurance.

• Led the teams of statutory audits of entities engaged in manufacturing and service industries during my Articleship.
• Preparation and finalisation of financial statements, ensuring compliance with Accounting Standards, CARO 2020, and other statutory requirements for companies, firms, and trusts.