- Playing Chess
- Reading Books
- Watches entice me
Yash Sethia
Thane
Summary
Accomplished Chartered Accountant with extensive experience in financial reporting, audit planning, and compliance auditing. Demonstrated expertise in conducting comprehensive financial audits and managing multiple projects simultaneously, ensuring adherence to the highest quality standards. Proven track record of identifying tax planning opportunities, resulting in significant savings for clients. Skilled in financial analysis, data interpretation, and effective communication, with a commitment to excellence and attention to detail. Adept at mentoring team members. Career goal: to leverage analytical and critical thinking skills to drive financial accuracy and compliance improvements within a dynamic organisation.
Overview
6
6
years of professional experience
1
1
Certification
Work History
Senior Associate
Navin Dedhia & Co.
Thane
09.2020 - 11.2023
- Conducted comprehensive financial audits for a diverse range of corporate clients, improving financial accuracy and compliance.
- Managed multiple audit projects simultaneously for individuals, private companies, charitable trusts, and co-operative societies, ensuring timely completion and adherence to the highest quality standards.
- Prepared detailed written submissions for income tax scrutiny, appellate processes, and penalty cases, while defending clients before the appropriate income tax authorities.
- Drafted comprehensive written submissions for Maharashtra VAT and GST scrutiny and penalty proceedings, while representing clients before relevant tax authorities.
- Prepared detailed audit findings reports that identified areas for improvement and recommended corrective actions for enhanced compliance.
- Guided senior management on emerging fraud threats, and suggested proactive countermeasures to protect the client's financial interests.
- Calculated, prepared and filed payroll taxes for clients.
- Prepared detailed monthly financial reports, including balance sheets and profit and loss statements, for senior management review.
- Prepared detailed financial projection reports for loan applications, analyzing cash flows and structuring repayment schedules.
- Oversaw accounts payable and receivable, ensuring timely processing of invoices and payments to maintain cash flow.
- Executed preparation and filing of Form 3 (CA Certificate) under the RERA Act, 2016, certifying project wise cost, withdrawals and project completion status.
- Completed detailed reviews of accounts and bookkeeping records to verify compliance with standards.
- Identified tax planning opportunities for clients, resulting in significant tax savings and improved financial performance.
- Mentored new team members, sharing knowledge and expertise to strengthen team skills, and performance.
- Maintained up-to-date knowledge of tax legislation to advise clients accurately and minimise liabilities.
Articled Assistant
Avani Dedhia & Co
Thane
09.2017 - 09.2020
- Assisted in the finalisation and filing of the income tax returns in Form ITR-1, ITR-2, ITR-3, ITR-4 (Sugam), and ITR-7, and income tax audit in Form 3CA-3CD, 3CB-3CD, 10B, and 10BB for individuals, private limited companies, partnership firms, limited liability partnerships, and charitable trusts.
- Managed filing of monthly, quarterly, and annual GST returns in Form GSTR-1, GSTR-3B, and GSTR-9, and conducted GST audits, registrations, and reconciliations.
- Managed end-to-end TDS compliance for clients, ensuring accurate deduction, deposit, and timely filing of TDS returns as per regulatory requirements.
- Facilitated the renewal and registration of trusts under sections 12AA and 80G of the Income Tax Act 1961.
- Assisted in company incorporation and statutory compliances under the Companies Act, 2013.
- Prepared and filed annual returns and financial statements in Form MGT-7 and AOC-4 with the ROC.
- Assisted in FCRA compliance, including the registration, renewal process, changes in members, and quarterly intimations.
- Posted journal and ledger entries, prepared financial statements including profit and loss accounts, balance sheets, cash flows, financial reports, and closed books.
- Participated in internal audits, preparing necessary documentation and reports for auditors.
- Tracked down missing transactions to promote timely payment execution.
- Meticulously cross-checked financial statements and data, ensuring data accuracy, reporting abnormalities when found.
- Conducted monthly bank reconciliations, and processed journal entries and adjustments to maintain accurate records.
- Prepared the annual budget for charitable trusts in accordance with the Bombay Public Trusts Act, 1950.
- Assisted in identifying potential tax savings opportunities.
- Reconciled discrepancies in tax documents by liaising with clients and gathering necessary documentation.
Education
The Institute of Chartered Accountants of India
CFA Institute
K. J. Somaiya College of Arts & Commerce
Maharashtra State Board
Skills
- Financial reporting
- Audit planning
- Risk assessment
- Compliance auditing
- Tax preparation
- Problem-solving
- Calm under pressure
- Willingness to learn
- Leadership
- Team building
- Commitment to excellence
- Analytical and critical thinking
- Financial analysis
- Data interpretation
- Effective communication
- Excellent attention to detail
Certification
AI in Accounting
-Miles Education
Currently Pursuing
- CFA Level 2
- US CPA
Languages
- English
- Hindi
- Gujarati
- Kutchi
- Marathi
Interests
Extra Curricular Activities
- Distinction in Maharashtra Mathematics Dnyanpeeth exam
- Successfully passed Ganit Sambodh exam by Thane Zilha Ganit Adhyapak Mandal
- Participated in All India Open Mathematics Scholarship Examination
Timeline
Senior Associate
Navin Dedhia & Co.
09.2020 - 11.2023
Articled Assistant
Avani Dedhia & Co
09.2017 - 09.2020
The Institute of Chartered Accountants of India
CFA Institute
K. J. Somaiya College of Arts & Commerce
Maharashtra State Board