Summary
Overview
Work History
Education
Skills
Certification
Awards
Languages
Timeline
Generic
Shamita Nayak

Shamita Nayak

Bengaluru

Summary

Dynamic tax consultant with extensive experience at Ernst & Young LLP, specializing in direct and indirect taxation. Proven ability to manage multiple projects while ensuring timely delivery and compliance. Skilled in financial reporting and relationship building, I excel in providing strategic advice to high-net-worth individuals, enhancing operational efficiency and client satisfaction.

Overview

7
7
years of professional experience
1
1
Certification

Work History

Consultant

Ernst & Young LLP
Bengaluru
01.2023 - Current
  • Preparing, filing, and reviewing individual tax returns (residents and non-residents) involving the claiming of Foreign Tax Credit (FTC) and Dependent Personal Services (DPS) as per the relevant DTAA and the Income Tax Act.
  • Tax equalization calculations and monthly withholding tax.
  • Quarterly advance tax computations for high-net-worth individuals (HNI) and assisting them in remitting advance tax to revenue authorities before the stipulated due date.
  • Preparing responses to scrutiny assessments, summonses, the filing of CPGRAMS, and other regular notices.
  • Experience in handling labor law compliance, such as obtaining Shops & Establishment (S&E) registration certificates, preparation and review of registers to be maintained under S&E, and preparation of the annual return under S&E and The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (POSH).
  • Assisted in obtaining and processing social security applications (Certificate of Coverage) for the outbound individuals, and assisted in obtaining and processing PAN applications for inbound assignees.
  • Computation of TDS and filing of quarterly returns for the employees.
  • Preparation of the compensation restructure report for the company.
  • Experience in handling payroll due diligence.
  • Managed multiple projects simultaneously ensuring timely completion within budget constraints.
  • Collaborated with clients to develop action plans to address specific challenges and objectives.
  • Provided advice on operational processes, business development initiatives, organizational changes and other areas of improvement.

Article Assistant

M/s. G V Sunder & Company
Bengaluru
06.2018 - 06.2021
  • In the domain of accounts and finance, monthly accounting, finalization of accounts, and preparation and reporting on a quarterly basis.
  • Responsible for bookkeeping, filing, document maintenance, and maintenance of accounts.
  • Preparation of financial statements, including the balance sheet and income statement, in accordance with Generally Accepted Accounting Principles (GAAP).
  • Preparation of monthly, quarterly, and yearly financial projections and cash flow statements for bank loans and for presentation to investors on the performance of the company.
  • Reconciliation of banks, payroll, credit cards, etc.
  • Revenue recognition, deferred revenue, unbilled revenue calculations, and JE posting.
  • Preparation of loan schedules, interest accruals, prepaid expense schedules, and outstanding expense JEs.
  • Annual closing of books, tax calculations, and meeting ROC compliances for corporate entities.
  • Income tax audit, preparation of 3CD annexures, and filing of Form 3CA/3CD.
  • In the domain of direct and indirect taxation, preparing, filing, and reviewing income tax returns of companies, firms/LLPs, trusts, AOP, etc.
  • Filing of Form 15CA, 15CB, and TDS returns for companies, LLPs, firms, etc.
  • Preparing responses to scrutiny assessments, summonses, and other regular notices.
  • Quarterly advance tax computations for individuals, companies, etc.
  • Computation of TDS, and filing of quarterly returns for companies, etc.
  • Checking the accuracy of GST returns filed and issuing a GST compliance certificate for every month (verification of GSTR-1, GSTR-3B, GSTR-8, GSTR-6).
  • Advisory and opinion on GST matters.
  • GST audit and filing of GST annual returns (GSTR-9 and GSTR-9C).
  • Computation of GST liability in accordance with GST law with respect to time, place, and value of supply, and filing of returns.
  • Preparation of workings for Rules 42 and 43 reversals in GST computation.
  • Monthly GSTR-2A/2B reconciliation at the time of filing.
  • Assisting with the GST departmental audit under Section 65.
  • In the domain of statutory audit, I have been an active member of various statutory audits of companies that are in different sectors, such as manufacturing, service, etc.
  • Reviewing financial statements and related disclosures in compliance with the Companies Act, Accounting Standards, ensuring adherence to GAAP, and in accordance with Indian Accounting Standards, as applicable.
  • Checking all statutory compliances, like TDS, GST, ESI, PF, PT, etc.
  • Analysis of debtors and creditors' aging, recovery period, and confirming the same with the books of accounts.
  • Physical verification of fixed assets to ensure accuracy and completeness of records.
  • Vouching purchases, sales, along with the invoices, GRNs, orders, quotations, requisitions, and dispatch notes.

Education

CA-Final Group-1 -

Institute of Chartered Accountants of India

CA-IPCC -

Institute of Chartered Accountants of India

CA-CPT -

Institute of Chartered Accountants of India

B.com -

Symbiosis Pune University

Pre University College -

Karnataka State Board

Skills

  • Direct taxation
  • Indirect taxation
  • Tally
  • Winman
  • Microsoft Word
  • Microsoft PowerPoint
  • Microsoft Excel
  • Bookkeeping
  • General ledger accounting
  • Financial reporting
  • Bank reconciliation
  • Social Security
  • Effective communication
  • Relationship building
  • Interpersonal skills
  • Adaptability
  • Team leading
  • Independent work
  • Planning
  • Organizing
  • Quality assurance
  • Timely delivery
  • Responsibility
  • Self-motivation
  • Commitment
  • Multi-tasking
  • Ability to work under pressure

Certification

  • 100 hours of Information Technology Training
  • 150 hours of Advances Information Technology Training

Awards

EY client extraordinaire award for serving as a trusted business advisor and creating value for client

Languages

Kannada
First Language
English
Proficient (C2)
C2
Hindi
Intermediate (B1)
B1

Timeline

Consultant

Ernst & Young LLP
01.2023 - Current

Article Assistant

M/s. G V Sunder & Company
06.2018 - 06.2021

CA-Final Group-1 -

Institute of Chartered Accountants of India

CA-IPCC -

Institute of Chartered Accountants of India

CA-CPT -

Institute of Chartered Accountants of India

B.com -

Symbiosis Pune University

Pre University College -

Karnataka State Board

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