Khushboo Jain

Statutory and Tax audits:

• Understanding the entity's environment and preparing Audit Programs and Audit Plans accordingly.
• Private companies, non-profit organistaions, partnership firms, and proprietary concerns.
• Conducting, assisting, preparing, and verifying tax audit reports under the Income Tax Act.

Internal Audit:

• Conducting and monitoring internal audits of manufacturing companies.
• Checking the existence, sufficiency, and adequacy of internal controls in the working business environment of the entity.

Monthly MIS:

• Preparing project wise cost and revenue reports monthly and quarterly for construction entity.
• Cash flow statement on weekly basis and maintain close watch on cash position.
• Monitoring expenses based on the budget and to analyze variances.

Statutory Filings:

• Determining which statutory filings are relevant to each organization based on its industry, location, and legal structure.
• Assigning responsibility for each statutory filing to designated staff members or departments. Ensure that individuals responsible for filings understand their roles, deadlines, and the importance of accuracy and compliance.
• Developing standardized procedures and guidelines for preparing, reviewing, and submitting statutory filings.
• Review of workings to verify the accuracy and completeness of all filings before submission.
• Using various software to streamline the filing process, automate repetitive tasks, and reduce the risk of errors.
• Maintaining organized records of all statutory filings, including copies of submitted documents, correspondence with regulatory authorities, and evidence of compliance
• Promptly address any instances of non-compliance or errors identified during the filing process. Take corrective action to rectify the issues and implement measures to prevent recurrence in the future.
• Stay informed about changes in relevant laws, regulations, and reporting requirements that may impact statutory filings. Regularly monitor updates from regulatory authorities and seek guidance from legal or compliance experts as needed.

Lower Tax Deduction Certificate:

• Preparing workings for lower tax deduction certificates for Non Residents selling their properties in India.
• Filing of the Application on Income tax portal.
• Co-ordination with the Income Tax officer and providing various clarifications and documents as required to approve the application.

Filing of Income tax returns:

• Preparation of Income computation and filing of income tax returns for Non Resident Indians.

TDS Workings and Return filing of IBM:

• Checking TDS applicability under various sections on various transactions.
• Advising TDS deduction to be done.
• Preparing of monthly and quarterly TDS workings.
• Filing of TDS returns.

• Supported clients during tax season by preparing necessary documentation.
• Preparation of CMA data and project reports for bank loans.
• Preparation of Form 3CA/3CB and form 3CD.
• Preparation of Computation of Total Income.
• Filing of Income Tax returns.