Nikita Bobade
Navi Mumbai
Summary
Results-oriented finance professional specializing in international tax advisory and fund operations. Analyzes complex financial data and evaluates treaty implications to optimize capital gains reporting for global investors. Streamlines multi-entity fund tracking systems and ensures regulatory compliance, enhancing operational efficiency. Committed to leveraging expertise for organizational growth.
Overview
7
7
years of professional experience
Work History
Consultant – Foreign Portfolio Investors (FPI) Tax
Ernst & Young LLP (EY)
Mumbai
05.2022 - Current
- Worked on end-to-end tax compliance services for Foreign Portfolio Investors (FPIs) making investments in Indian Capital Markets from various jurisdictions such as US, Luxembourg, UK, Singapore, Mauritius, Cayman Islands.
- Prepared, reviewed and filed annual Indian income tax returns for corporate as well as non-corporate FPI clients including Trusts and AOPs.
- Evaluated treaty policies between countries i.e., Double Tax Avoidance Agreement (DTAA) for determining income tax liability arising from various streams such as dividend, interest, capital gains, etc derived by an FPI.
- Engaged on review of notional capital gains/losses reports on monthly and daily basis.
- Streamlined assessment tracking system for clients with large accounts across multiple funds, enhancing visibility and management of tax obligations.
- Streamlined refund tracking system for clients with outstanding refunds, improving follow-up efficiency and timely resolution.
- Prepared income tax refund letters for local custodians, facilitating efficient repatriation of funds to foreign accounts.
- Prepared declaration letters that are submitted to dividend issuing companies for the benefit of lower withholding of taxes on dividend income.
- Drafting submissions to be filed before Indian Revenue Authorities for scrutiny audit assessment proceedings conducted under Income-tax Act,1961.
- Reviewing intimations, filing rectification application, and suggesting way forward.
- Provided assistance in submitting response for online rectification and response to outstanding tax demands.
- Engaged with personnel from dividend issuing companies and the Income Tax Department to address client-related inquiries.
- Prepared workings for calculation of advance tax.
Tax Analyst – Corporate and International Tax
KPMG LLP Services
Navi Mumbai
02.2019 - 04.2022
- Prepared tax computations, basis of preparation, and Income tax Returns for domestic and foreign clients.
- Reviewed draft tax audit reports, identified discrepancies, and documented observations in a memo to support accurate reporting.
- Drafted factual responses to notices received under provisions of Income-tax Act, 1961, ensuring compliance and clarity.
- Calculated advance tax based on the projected financials shared by client service team.
- Reviewed draft tax provisioning statements and documented comments in a clearance memo.
- Supported in drafting of appeal memos and objections to be filed with the CIT(Appeals) / Dispute Resolution Panel.
- Conducted research on various judicial precedents, relevant sections, notifications & circulars, commentaries, internal DPP position and external sources.
- Preparation and analysis of the data in relation to TDS compliances, identification of mismatch as compared to Form 26AS, reconciliations etc.
- Provided assistance in filing online rectification request with reference to return filed and intimation received.
- Conducting research on various businesses through the Ministry of Corporate Affairs portal and other resources.
- Executed customized client requests, enhancing service delivery and client satisfaction.
Education
MBA - Finance
Welingkar’s Institute of Management Studies
Mumbai01-2020
Bachelor in Commerce (BAF) - Sanpada, Navi Mumbai
Western College of Commerce & Business Management
Sanpada, Navi Mumbai01-2018
Junior College – Class XII - Vashi, Navi Mumbai
ICLES Motilal Jhunjhunwala College
Vashi, Navi Mumbai01-2015
SSC - Nerul, Navi Mumbai
SBOA Public School
Nerul, Navi Mumbai01-2013
Skills
- Corporate taxation
- Tax compliance
- Double Tax Avoidance Agreement
- Advance tax calculation
- Treaty evaluation
- Regulatory compliance
- Data reconciliation
- Client liaison
- Data verification
- MS Excel proficiency
- MS Word proficiency
- MS PowerPoint proficiency
- Problem solving
- Works under pressure
- Multi-tasking management
- Time management
- Leadership
- Self-motivated
- Communication skills
Accomplishments
- Appreciation from seniors over email for the work performed.
- Received the KUDOS Award for exceptional client service during the busy return filing season.
- Participated in FiNACC with R. A. Poddar College in 2015–2016.
- Runner-up as a state-level hockey player in 2010–2011.
Hobbies and Interests
- Making DIY greeting cards.
- Mandala Art
- Travelling and exploring new places
Languages
- English
- Marathi
- Hindi
Affiliations
- Making DIY greeting cards, Mandala art, traveling and exploring new places, and participating in CSR activities.
Timeline
Consultant – Foreign Portfolio Investors (FPI) Tax
Ernst & Young LLP (EY)
05.2022 - Current
Tax Analyst – Corporate and International Tax
KPMG LLP Services
02.2019 - 04.2022
MBA - Finance
Welingkar’s Institute of Management Studies
Bachelor in Commerce (BAF) - Sanpada, Navi Mumbai
Western College of Commerce & Business Management
Junior College – Class XII - Vashi, Navi Mumbai
ICLES Motilal Jhunjhunwala College
SSC - Nerul, Navi Mumbai
SBOA Public School