Subhajyoti Das

Providing audit, direct and indirect taxation services to several entities as a dedicated team member of RISHI BASU & Associates.

• Worked on a few private companies.
• Gained experience in direct and indirect taxation.
• Performed audit sampling and test work.
• Worked with the Onshore Audit team on various matters.
• Preparing draft audit queries and getting them approved by the employer.
• Getting the audit queries submitted to the Auditee Authority, and getting them settled.
• Organizing meetings of the auditee firms with the employer and getting the draft report finalized.
• Tax audit in a similar manner under Section 44AB of the Income Tax Act, 1961.
• Preparation and maintenance of books of accounts and allied records.
• Preparation of the Trial Balance.
• Inventory management.
• Debtors and Receivables Management.
• Suppliers' payment-related issues handling.
• Bank Operations.
• Working Capital Financing and Monitoring.
• Term loan from banks and financial institutions.
• Capitalization of expenditures.
• Preparation of Annual Accounts (Financial Statements within the meaning of Section 2 (40) of the Companies Act, 2013).
• Preparation of Fixed Assets Register.
• Preparation of annual returns of the retained firms under Section 139(1) of the Income Tax Act, 1961.
• Working under the GST environment and assisting in the periodic compliance of the clients within the meaning of the GST Act, 2017.

• Company Overview: Chartered Accountant.
• Exposed to the procedures for verifying books of accounts, financial statements, allied statutory and non-statutory records, organizational manual, and hierarchical reporting system.
• Examination of books of accounts and allied records.
• Cash verification, stock and stores verification, bank reconciliation statement, verification of fixed asset register, depreciation policy of the firms, and notes to accounts in the previous annual reports.
• Verification of the subsidiary registers, in addition to the ledger and subsidiary registers, year-end adjustments, and verification of cash and cash equivalents.
• Calculate the monthly GST liabilities, professional tax liabilities, TDS liabilities, along with preparing GST and TDS returns.