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    ABOUT THE FIRM

    "CHANDER PARKASH & CO. is a PARTNERSHIP FIRM in India and was firstly established by Mr. Chander Parkash (senior partner) in the year 1991 as a proprietorship concern but after 1st April 2013, it has been converted into a partnership firm with an objective of providing a wide range of auditing and financial services to our clients.

    It is a team of distinguished chartered accountants, corporate financial advisors and tax consultants. Our firm of dedicated professionals aim at providing specialized skills that is geared to offer sound financial solutions and advices. The organization is a congregation of professionally qualified and experienced personnel who are committed to add value and optimize the benefits accruing to clients.

Chander Parkash

Qualifications: B.COM (HONS.), F.C.A.
Specialization: Assurance, Taxation, Appeals, Audit, GST
Cell: 9810056108
E-mail: cp@chanderparkash.com

He is the senior most partner of the firm who has established this firm in 1990. He has a vast experience in income tax matters and has been handling regular assessment, search & seizure, CIT(A) and ITAT cases. He has been conducting Statutory & Tax Audit, Internal Audit of Large & Medium ScaleLimited Companies. Moreover, he has also carried out Bank Audits and provided services and consultancy in the field of accounts, income tax & company law matters. And has experience of over a decade. He is a founder member of the firm and his knowledge and expertise in structuring the complex financial situations. His forte is to assist clients to grow their business in sound financial and regulatory compliant environment.

Dishant Khatter

Qualifications: B.COM (HONS.), A.C.A. Specialization: GST, Internal Audit, SOX, Taxation, Assurance and Audit
Post-Qualification Experience: 2+ Years
Cell: 9810056108
E-mail: dishant@chanderparkash.com

He is a member of the Institute of Chartered Accountants of India (ICAI) since 2016. He is the youngest partner of the firm and independently handles the various statutory audit. He brings in new and useful insight into the company and adds to the productivity. He has carried out various audits and provide specialised consultancy services. He has experience of working in listed companies and handling their various audit engagements. His experience in handling big companyā€™s various engagement with respect to indirect tax, internal audit, compliance audit, process development etc. has helped the firm to enhance their quality of services and effectiveness of work. He has earlier worked in one of the BIG4 firms. He has also been part of Statutory Bank audits. He has been playing an active part in assisting entities with GST implementation and restructuring their business model to minimise the financial impact of GST and maximise the benefits of it.

Amit Kumar

Qualifications: B.COM (HONS.), A.C.A. Specialization: Direct Tax Litigation
Post-Qualification Experience: 4+ Years
Cell: 9599313033
E-mail: amit@chanderparkash.com

He is a member of the Institute of Chartered Accountants of India (ICAI) since 2014. He is a young partner of the firm and independently handles the income tax assessment, appeals, investigation, survey and search & seizure cases. He brings in new and useful insight into the company and adds to the productivity. He has experience of handling the income tax cases of various listed companies. He advises several overseas, domestic and multinational clients operating in diverse sectors including auto-ancillary industry, automobile, aviation, hospitality, Information Technology, infrastructure projects, investment funds, media and entertainment, pharmaceutical sector, retail, real estate, and telecommunications. Armed with more than 4+ years of experience on various taxation matters, he has also hands on experience of carrying through its advice to implementation and successful defense of such advice before Tax Authorities. The Tax Practice Group has also pioneered out of the box thinking to provide innovative solutions for tax optimization and risk mitigation. He has been successful in defending many of its clients at various fora including the Commissioner of Appeals, Dispute Resolution Panels, Income Tax Appellate Tribunals, etc.

TEAM

"Our team is trained to perform the assigned task with honesty, integrity and dedication. Having good public relation skills and satisfying client's grievances are their main priority. They also make sure the efficiency and effectiveness of work is maintained. Total number of staff members with classification is stated below:-

The office infrastructure is built with a view to provide smooth operation of assignments. Moreover, there are separate cabinets for different tasks to ensure hassle free working environment. Also, a server has been installed for timely backup of data and to reduce data loss and redundancy.

15

SUPPORT STAFF

10

PROFESSIONALS

10

ASSURANCE SERVICE PROVIDERS STAFF

COMPUTERISATION

More 25+ systems equipped with various assurance softwares used nation wide

WORK EXPERIENCE

STATUTORY AUDIT

The firm is engaged in statutory audit of various limited and private limited companies which are manufacturers, traders, export houses, service provider etc. including group of companies having turnover of more than 250 crores.

TAX AUDIT

Tax audits of various companies, partnership firms and proprietorship concerns are conducted timely.

COMPANY LAW MATTERS

The firm also does Roc work like formation of companies, maintaining statutory books and records of companies, drafting minutes thereof etc. for its clients. DIRECT TAXES Preparation of income tax returns, wealth tax returns, representation of scrutiny cases & appeals are also done at the workplace.

MANAGEMENT SERVICES

Preparation of project reports for term loans and working capital limits from various banks and financial institutions are also done.

BANK AUDIT

The firm has experience of conducting statutory audit of several branches of Punjab National Bank.

CONSULTANCY

The firm has great expertise in providing consultancy related to tax planning, tax returns and filing, internal management and financial issues.

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SERVICES

AUDIT

  • Statutory and Tax Audit
  • Financial Institution and Bank Audits
  • Internal Audit
  • Stock Audit

ACCOUNTING

  • Preparation of accounts as per Accounting Standard.
  • Computerized accounts with inventory.
  • Computerized accounts with vat, service tax and TDS

FIRMS, SOCIETIES AND TRUST

  • Drafting of Partnership and Trust Deeds
  • Formation and Registration
  • Registration under Income Tax & Act

START UP VENTURES

  • Identifying appropriate entry route
  • Formation of Legal Entity in India i.e. Incorporation of a company and preparation of Memorandum and Articles of Association and other legal support.
  • Due diligence reviews
  • Regulatory approvals
  • Including Foreign Investment Promotion Board (FIPB), Reserve Bank of India (RBI), Secretariat of Industrial Approval (SIA), Registrar of Companies (ROC) and other concerned authorities
  • Representative office Facility
  • During the 'in transit period' support for office infrastructure and manpower is provided to the company

OTHER SERVICES

  • Outsourcing of accounts and payroll functions of organizations.
  • Investment Planning and tax restructuring for individuals so as to optimize their return on investment and minimize the tax burden.
  • Allotment of Collection Centre of Income Tax Returnsin Delhi to chartered Accountants and Advocates for franchisee of E-return Intermediary.
  • Certified Filing Centrefor online filing of e forms under MCA21Project of Ministry of Company Law Affairs.
  • Procurement of Digital Signaturesof TATA Consultancy Services CA mandatory for e filing of Income Tax Return by all Corporate Entities and e Forms under MCA21 Project.
  • Procurement of Director Identification Number (DIN)

INCOME TAX & FBT

  • Tax Planning and Consultancy
  • Search and Seizure cases
  • Appeals before CIT and ITAT Delhi.
  • Facility to accept and loading of E-return of Income
  • Quick Processing and Timely Refund
  • Bulk filing of Income Tax Returns of employees of Companies and other business entities.
  • Preparation and filing of Income Tax/ Wealth Tax returns with statement of accounts of individuals, HUFs, Partnership Firms, Trusts/Institutions and Companies.
  • Preparation and submission of E-TDS returns

NON-RESIDENT TAXATION AND FEMA

  • Tax Advisory Services and filing of e-Tax returns
  • Setting up a Branch office/ Liaison office/ Project office in India
  • Banking and Remittances
  • Investment advisory support

COMPANY LAW MATTERS

  • Approval of name for New Company
  • Formation and alteration
  • Matters related to ROC and CLB
  • Maintenance of Statutory Records
  • Planning and consultancy
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ENQUIRY

HEAD OFFICE

207, PADMA TOWER - II,22 RAJENDRA PLACE NEW DELHI - 110088.

EMAIL: office@chanderparkash.com

PARTNERS: cp@chanderparkash.com, dishant@chanderparkash.com

MOBILE: 9810056108

PHONE: 011-25731059, 011-25731060, 011-41539570

FAX: 011-25741070

CONTACT FORM

GOT A QUESTION? WE'D LOVE TO HEAR FROM YOU. SEND US A MESSAGE AND WE'LL RESPOND AS SOON AS POSSIBLE.

 
     
   
 
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Income_Tax_Act
Section / Rule Number   Content   
 
14A Expenditure incurred in relation to income not includible in total income
15 Salaries
16 Deductions from salaries
17 "Salary", "perquisite" and "profits in lieu of salary" defined
18 [OMITTED BY THE FINANCE ACT, 1988 W.E.F. 1-4-1989]
22 Income from house property
23 Annual value how determined
24 Deductions from income from house property
25 Amounts not deductible from income from house property
25A Special provision for cases where unrealised rent allowed as deduction is realised subsequently
25AA Unrealised rent received subsequently to be charged to income-tax
26 Property owned by co-owners
27 "Owner of house property", "annual charge", etc., defined
29 Income from profits and gains of business or profession, how computed
30 Rent, rates, taxes, repairs and insurance for buildings
31 Repairs and insurance of machinery, plant and furniture
32 Depreciation
32A Investment allowance
33 Development rebate
33ABA Site Restoration Fund
33AC Reserves for shipping business
33B Rehabilitation allowance
34A Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
35A Expenditure on acquisition of patent rights or copyrights
35AB Expenditure on know-how
35AC Expenditure on eligible projects or schemes.
35B [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35C [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35CC [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
35CCB Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
36 Other deductions
37 General
38 Building, etc., partly used for business, etc., or not exclusively so used
39 [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
40 Amounts not deductible
41 Profits chargeable to tax
42 Special provision for deductions in the case of business for prospecting, etc., for mineral oil
43A Special provisions consequential to changes in rate of exchange of currency
43B Certain deductions to be only on actual payment
43C Special provision for computation of cost of acquisition of certain assets
43D Special provision in case of income of public financial institutions, public companies, etc.
44 Insurance business
44A Special provision for deduction in the case of trade, professional or similar association
44AA Maintenance of accounts by certain persons carrying on profession or business
44AB Audit of accounts of certain persons carrying on business or profession
44AC Special provision for computing profits and gains from the busiĀ­ness of trading in certain goods. [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
44AD Special provision for computing profits and gains of business of civil construction, etc.
44AE Special provision for computing profits and gains of business of plying, hiring or leasing goods carriages
44AF Special provisions for computing profits and gains of retail business
44B Special provision for computing profits and gains of shipping business in the case of non-residents
44BB Special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils
44BBA Special provision for computing profits and gains of the business of operation of aircraft in the case of non-residents
44BBB Special provision for computing profits and gains of foreign companies, engaged in the business of civil construction, etc., in certain turnkey power projects
44C Deduction of head office expenditure in the case of non-residents
44D Special provisions for computing income by way of royalties, etc., in the case of foreign companies
44DA Special provision for computing income by way of royalties, etc., in case of non-residents
44DB Special provision for computing deductions in the case of business reorganization of co-operative banks
45 Capital gains
46 Capital gains on distribution of assets by companies in liquidation
46A Capital gains on purchase by company of its own shares or other specified securities
47 Transactions not regarded as transfer
47A Withdrawal of exemption in certain cases
48 Mode of computation
49 Cost with reference to certain modes of acquisition
50 Special provision for computation of capital gains in case of depreciable assets
50A Special provision for cost of acquisition in case of depreciable asset
50B Special provision for computation of capital gains in case of slump sale
50C Special provision for full value of consideration in certain cases
51 Advance money received
52 Consideration for transfer in cases of understatement.[OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-4-1988]
53 Exemption of capital gains from a residential house.[OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993]
54 Profit on sale of property used for residence
54A Relief of tax on capital gains in certain cases.[OMITTED BY THE FINANCE (NO. 2) ACT, 1971, W.E.F. 1-4-1972]
54B Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases
54C Capital gain on transfer of jewellery held for personal use not to be charged in certain cases.[OMITTED BY THE FINANCE ACT, 1976, W.E.F. 1-4-1976]
54D Capital gain on compulsory acquisition of lands and buildings not to be charged in certain cases
54E Capital gain on transfer of capital assets not to be charged in certain cases
54EA Capital gain on transfer of long-term capital assets not to be charged in the case of investment in specified securities
54EB Capital gain on transfer of long-term capital assets not to be charged in certain cases
54EC Capital gain not to be charged on investment in certain bonds
54ED Capital gain on transfer of certain listed securities or unit, not to be charged in certain cases
54F Capital gain on transfer of certain capital assets not to be charged in case of investment in residential house
54G Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area
54GA Exemption of capital gains on transfer of assets in cases of shifting of industrial undertaking from urban area to any Special Economic Zone
54H Extension of time for acquiring new asset or depositing or investing amount of capital gain
55 Meaning of "adjusted", "cost of improvement" and "cost of acquisition"
55A Reference to Valuation Officer
56 Income from other sources
57 Deductions
58 Amounts not deductible
59 Profits chargeable to tax
28 Profits and gains of business or profession
35 Expenditure on scientific research
40A Expenses or payments not deductible in certain circumstances
43 Definitions of certain terms relevant to income from profits and gains of business or profession
19 ommited
14 Heads of Income
25B Special provision for arrears of rent received
32AB Investment deposit account
33A Development allowance
33AB Tea development account,coffee development account and rubber development account
34 Conditions for depreciation allowance and development rebate
35ABB Expenditure for obtaining licence to operate telecommunication services
35AD Deduction in respect of expenditure on specified business
35CCA Expenditure by way of payment to associations and institutions for carrying out rural development Programmes
35D Amortization of certain preliminary expenses
35DD Amortisation of expenditure in case of amalgamation or demerger
35DDA Amortisation of expenditure incurred under voluntary retirement scheme
35E Deduction for expenditure on prospecting, etc., for certain minerals
35CCC. Expenditure on agricultural extension project
35CCD. Expenditure on skill development project
50D Fair market value deemed to be full value of consideration in certain cases
54GB. Capital gain on transfer of residential property not to be charged in certain cases
32AC Investment in new plant or machinery
43CA Special provision for full value of consideration for transfer of assets other than capital assets in certain cases
32AD. Investment in new plant or machinery in notified backward areas in certain States
35ABA Expenditure for obtaining right to use spectrum for telecommunication services
44ADA Special provision for computing profits and gains of profession on presumptive basis
54EE Capital gain not to be charged on investment in units of a specified fund
50CA Special provision for full value of consideration for transfer of share other than quoted share
43AA Taxation of foreign exchange fluctuation.
43CB Computation of income from construction and service contracts.
50AA Special provision for computation of capital gains in case of market linked debenture
44BBC Special provision for computing profits and gains of business of operation of cruise ships in case of non-residents.