Sonali Jadhav

• Statutory Audit: Compliance with requirement of schedule VI of the Companies Act, 2013
• Compliance with Accounting Standards
• Drafting Audit Reports as per the new reporting requirements of Companies Audit Report Order, 2015 (CARO)
• Review of Corporate Governance Report and other Secretarial records
• Verification of Financial Statements of Companies
• Finalization activities which included - Ledger Scrutiny for various Income, Expenses and party accounts, transitional provision regarding Depreciation, etc
• Preparation and Finalization of Consolidated Financial statements of Holding Subsidiary Companies, Associates.
• Tax Audit: Preparation of tax audit report of various firms Private Limited Companies and individuals
• Discussion and reporting the critical issues to Management.
• GST: Preparation of GST workings by referring to the different rates as mentioned in the tariff rates, for the purpose of tax audit report of various firms Private Limited Companies and individuals.
• VAT: Handling of VAT Audit and preparation of VAT Audit Report
• Handled Online Filing of VAT Returns and Registration for VAT Tin No during VAT period.
• Conducting analysis and preparing reports as per provisions of the prevalent VAT laws.
• Service Tax: Preparing Service Tax Statements, ensuring timely payment of service Tax and also ensuring timely filing of Service Tax Returns (S.T 3) as required by the Act during service tax period.
• TDS: Filing quarterly e-TDS returns i.e Form 24Q, 26Q

Others:

Calculation of Advance Tax & ensuring timely payment of the same of all clients concerned

• Preparation of various financial certificates as required by clients.
• Preparation of 15 CA CB and online submission of the same.
• Calculation of Advance Tax, TDS, & ensuring timely payment of the same of all clients concerned
• Finalization of accounts for public trusts, individuals, partnership firms, schools, co-operative housing society.
• Filing return of income for different entities.
• Indulge in candidate’s recruitment process with the management.
• Visiting Income tax offices for resolving issues related to Income tax demand.
• Working in the name of S U Jadhav & Co in coordination with D A Oak and Co Chartered Accountants.

• Statutory and Internal Audit: Auditing, analyzing and reporting the transactions of the clients as per the required auditing and accounting standards.
• Verifying compliance of the financial statements with the auditing & accounting standards and applicable statutes.
• Ledger scrutiny of account balances and verification of financial statements.
• Income Tax: Proficiently assessing and analyzing the tax liabilities of the client as per the applicable provisions under Indian Tax Regime.
• Conducting Tax Audit and Drafting Tax Audit Report as per the applicable provisions of the Income Tax Act, 1961.
• Advising clients on tax implications of transactions.
• Assessing and analysis of Excise Duty, TDS, Service Tax, Vat liabilities and fulfilling the compliance requirement governed by the respective statute for Corporate Entities.
• Deeds and drafts: Preparation of Partnership Deeds and Other Drafts.
• Preparation of gift deed and partnership deeds
• Registration under different statues: TDS registration, Service tax registration, VAT registration.

Exposure in Work Areas:

• Income Tax: Handled Computation and filing of IT Returns related to Individuals, Partnership Firms and limited companies
• Auditing: Concurrent and statutory Audits of Co-Operative Banks
• Major work includes the below mentioned tasks - Checking documentation of various schematic loans, secured loans, gold loans and temporary advances
• Review of daily cash transaction with reference to abnormal receipts and payments
• Calculation of processing charges for CCs, BGs
• Scrutiny of customers accounts in connection to overdrawn limits, non-payment of EMI, abnormal transactions etc
• Stock taking of important stationery
• Physical verification of Gold, FD Receipts, Fixed Assets and cash counting
• Finalization of accounts for individuals, partnership firms, co-operative housing societies and schools
• Other Assignments: Finalization of Accounts of Schools, Co-op Housing Societies and Trusts
• Have exposure to Accounts writing Ensuring proper deduction of TDS and Service tax at the appropriate rates applicable as per the nature of services concerned & ensuring timely payment of TDS and Service Tax to avoid any penal proceedings Providing Consultancy services to various clients with respect to Wealth Tax & also assisting the clients for obtaining TAN, PAN numbers
• Handled Service Tax Registration of various clients and handled Filing of ST Returns of various clients.