Summary
Overview
Work History
Education
Skills
Websites
Languages
Timeline
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Umamahesh Amarapu

Garugubilli, Parvathipuram Manyam, Andhrapradesh

Summary

Dynamic tax consultant with extensive experience at JAA & Associates, specializing in direct taxation and transfer pricing. Proven track record in conducting successful tax audits and managing complex mergers and acquisitions. Adept at financial reporting and company secretarial work, showcasing strong analytical skills and a commitment to excellence.

Overview

8
8
years of professional experience

Work History

Partner

KK Jhunjhunwala & Co
Mumbai
12.2023 - Current
  • a non-active partner
  • Facilitates expertise in taxation and consulting, assisting team as needed.

Tax Consultant

JAA & Associates
Bengaluru
06.2023 - Current
  • Responded to all types of notices issued by the income tax authorities, including the notices received as part of regular assessment proceedings u/s 143, proceedings u/s 201, prosecution proceedings u/s 276B, TP proceedings u/s 92CA, penalty proceedings u/s 270 and 271, DRP, CIT(A), and ITAT.
  • Assisted the legal counsels in preparing the submissions and arguments for the cases pending before the Hon'ble High Courts.
  • Preparation of Business Transfer Agreements, specialized advisory notes on various regular income tax matters, and transfer pricing matters.
  • Assisted the legal counsels in mergers and acquisitions to draft schemes, compliance affidavits, and to obtain the NOC from RD, OL, and IT authorities, creditors' confirmations, etc.
  • Conducted tax audits of individuals, companies, partnership firms, public charitable trusts, etc.
  • Conducted transfer pricing audits and prepared the TP documentation.
  • Prepared the tax computations and filed the ITRs of companies, partnership firms, AIFs, business trusts, private discretionary trusts, HNIs, and public charitable trusts.
  • Some of the notable clients I worked for are The Sandur Manganese & Iron Ores Limited, Axis Cades, Premji Invest, Schneider, Cardinal Health, Zoomcar, Mersen India, Eurofins, etc.

Articled Assistant

KK Jhunjhunwala & Co
Mumbai
03.2017 - 03.2020
  • Maintained books of accounts in Tally ERP and Excel for companies across the Textile, Diamond, Securities, Export-Import, Construction, and FMCG sectors.
  • Prepared the financial statements as per Ind AS and AS.
  • Participated in statutory audits and tax audits, including listed entities, PSUs, other companies, partnership firms, and LLPs.
  • Participated in stock audits and bank audits.
  • Managed company secretarial compliance, including filing various forms (DIR-3, DIR-11, DIR-12, ADT-1, ADT-2, MGT-7, AOC-4, AOC-4 XBRL, FiLLiP, SPICe INC-32) on the MCA portal, along with the preparation of required annexures.
  • Conducted equity valuations under Net Asset Value and DCF methods for the issuance of unquoted shares.
  • Assisted in income tax scrutiny assessments, CIT appeals, and preparation of submissions and responses.
  • Appeared before indirect tax authorities for VAT, service tax, PTRC, PTEC, and GST litigation matters.
  • Filed ITRs for companies, individuals, and partnership firms; handled tax audits, and online audit report filings.
  • Prepared and filed TDS returns, managed the issuance and surrender of TDS certificates.
  • Filed GST returns, and assisted in GST audits.
  • Some of the notable clients I worked for are Alok Industries Limited, Jattashankar Industries Ltd, Export Credit Guarantee Corporation of India (ECGC), SBI Foundation, and Bank of India.

Education

Chartered Accountant -

Institute of Chartered Accountancy of India
05.2023

Master of Commerce - Finance & Taxation

IGNOU
05.2023

Bachelors of Commerce - Accounting & Finance

IGNOU
06.2018

Skills

  • Direct taxation
  • Transfer pricing
  • Bookkeeping
  • Financial reporting
  • Auditing
  • Mergers and Acquisitions
  • Valuation
  • Indirect taxation
  • Company secretarial work

Languages

Telugu
First Language
English
Advanced (C1)
C1
Hindi
Advanced (C1)
C1

Timeline

Partner

KK Jhunjhunwala & Co
12.2023 - Current

Tax Consultant

JAA & Associates
06.2023 - Current

Articled Assistant

KK Jhunjhunwala & Co
03.2017 - 03.2020

Chartered Accountant -

Institute of Chartered Accountancy of India

Master of Commerce - Finance & Taxation

IGNOU

Bachelors of Commerce - Accounting & Finance

IGNOU

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Umamahesh Amarapu