Who We Are?
Anil Parekh & Co., a chartered accountants firm incorporated in Rajkot, Gujarat, India and registered with The Institute of Chartered Accountants of India is engaged in providing wide range of services in the field of Accounting, Attestation, Financial and Direct /Indirect Taxation and Management Consultancy to small and medium enterprises.
Proprietor of the firm, CA Anil Parekh possesses innovative skills and experience in the area of Direct / Indirect taxation and Project Financing. Apart from that, the firm has efficient, competent and qualified team of professionals and experts and have liaison with other professional firms which are niche in their key areas. The firm also provides services to foreign clients in all type of statutory filing and represents itself on behalf of them before the statutory authorities in India like Registrar of Companies, SEBI, Income Tax Department, Central Board of Excise and Customs etc.
CA Anil Parekh is a member of the Institute of Chartered Accountants of India. He has written various articles on Indian Stock Market and Derivatives. He has been certified by National Stock Exchange of India as also National Institute of Securities Market (established by SEBI) for the module of Capital Market, Derivatives Market, NSDL, Currency Derivatives etc. He is one of the professional director in Chartered Business Services Pvt. Ltd. Apart from the practice, he also enjoys teaching of taxation and finance subject to the CA students.
Our team consists of highly qualified and experienced chartered accountant and other professionals, working in tandem to achieve “Total Customer Satisfaction”. The Motto of our team is CPI -Customer Satisfaction, Professionalism & Integrity. The team works under the able guidance of our partners Mr. Anil Parekh who have experience of over a decade.
 CA Dharmik Zinzuvadiya
- B.Com, A.C.A.
 Viond Parekh
 Mustak Bloch
- B.Com, PGDCA
 Milan Kothari
 Miral Ranpara
- B.Com, Inter C.A.
- 1Income Tax
- 2Wealth Tax
- 3Service Tax
- 4Project Finance
- 5Statutory Audit
- 6Internal Audit
- 7Tax Audit
- 8Concurrent Audit
In today’s world corporate as well as individuals are required to comply with a number of income tax compliances, which require expert knowledge and are mostly time-bound and technical in nature. Moreover, most of the income tax compliances nowadays are required to be completed online and require specialized knowledge and expertise. Anil Parekh & Co. specialize in providing Time-bound and quality Income Tax services to our clients. Our range of Income Tax services covers all aspects of Indian Income Tax Laws. Our services help our clients to operate efficiently and minimize their tax liability.
Wealth tax is a Direct Tax It is levied by Central Government on few Persons.
Wealth Tax recognizes 5 types of wealth:
- Wealth from House
- Wealth from Motor Cars
- Wealth from Jewellery
- Wealth from Air/Water Vehicles
- Wealth from Land
Since the introduction of Service Tax the scope of the same has increased considerably from year to year. The share of Service Tax in the total tax collection of the government has also increased substantially. Compliance with Service Tax has also increased in quantum and complexity since its introduction.
We provide expert services for compliance with Service Tax Law the details of which are given below:
- Service Tax Registration
- Calculation of Service Tax
- Filing of regular Service Tax returns and other compliances
- Preparation of records for Convent & Service Tax credit and other records under Service Tax Law
- Advisory Services for Assessments, Appeals etc.
- Advisory Services for Tax Planning and Minimization.
Project financing is an innovative and a timely financing technique employing an effective financing mix. This involves understanding the financial plan, assessment of the risk, design the mix and raise/arrangement of funds. Project financing is a long term financing of the facilities which is based on the Past Performance and Projected Cash Flows as a result of the successful execution of the project. Project Financing involves a number of equity investors, banks and other lending Institutions that provide loan to operate.
How can we assist:-
- Risk & Project Viability Evaluation
- Project Appraisal and
- Finance Syndication
Why Statutory Audit?
The objective of a Statutory Audit of the financial statements is to enable the Auditor to express an opinion whether the financial statement are prepared, in all material respects, in accordance with identified financial reporting framework.
The financial statements are ordinarily prepared on an annual basis towards the common information needs of various users.
The financial statements are prepared in accordance with the:-
- Relevant Statutory Requirement e.g. the Companies Act, 1956 for the Companies,
- Accounting Standards issued by the Institute of Chartered Accountants of India and
- Other recognized accounting principles and practices e.g. those recommended by way of Guidance Notes issued by the Institute of Chartered Accountants of India. Section 224 of the Companies Act talks about the Appointment of the Auditors. The Auditor assesses the evidence collected as a result of the procedures conducted and expresses a conclusion. The level of assurance is determined by the procedures performed and results thereof.
The objective of a review of the financial statements is to enable an Auditor to state whether on the basis of the procedures which do not provide all the evidence, anything has come to the Auditor's attention that cause him to believe that the financials statement are not prepared in all material respect, in accordance with the recognized accounting policies, standards and applicable statutory requirements.
The role of internal audit is to provide independent assurance that an organisation's risk management, governance and internal control processes are operating effectively.
The services of the Internal audit practice include amongst others outsourced / co-sourced Internal audit services across all industries, Sarbanes-oxley compliance reviews for Indian entities listed on the NYSE, Quality assurance reviews of existing Internal audit functions, reviews of standard operating procedures / manuals of various commercial/financial processes and agreed upon procedures reviews of specific commercial / financial processes. Our teams serve clients in diverse industries such as Manufacturing, Financial Services, Telecommunications, Information Technology, Healthcare, Media & Entertainment and Consumer Business.
Tax Audit is a compulsory audit under the Income Tax Act in India which is conducted if the total turnover of a person exceeds Rs. 25,00,000 for professionals and Rs. 1,00,00,000 for persons other than professionals. Tax Audit has to be conducted by a Chartered Accountant appointed by the person itself. Tax Audit Report is given by the Chartered Accountant to the person in form 3CD prescribed under the Income Tax Act. At the time of filing of the return of income relevant data from the Tax Audit Report has to be filled in the Return of Income.
Our Audit Department provides tax audit services to our clients upholding the highest standards of auditing and provides a comprehensive tax audit report based on the requirements of the Income Tax Act.
The concept of concurrent audit has been introduced to reduce time gap between occurrences of transaction and is overview or checking. It serves the purpose of effective internal control. Concurrent audit is an examination, which is contemporaneous with the occurrence of transactions or is carried out as near thereto as possible.
The main focus while conducting concurrent audit it to ensure that transactions are not dealt with in routine but in adherence with the systems and procedures lay down.
We ensure that the transaction or decisions are within the policy parameters laid down, they do not violate the instructions or policy prescriptions, and that they are within the delegated authority and in compliance with the terms and conditions for exercise of the delegated authority.
Management Consultancy Services
Management Consultancy Services is the practice of helping organizations to improve their performance, primarily through the analysis of existing organizational problems and development of plans for improvement. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and access to the consultants' specialized expertise.
Our management Consultancy services focus on our clients' most critical issues and opportunities: strategy,marketing, organization, operations, technology and mergers & acquisitions, across all industries and geographies. We bring deep, functional expertise, but are known for our holistic perspective: we capture value across boundaries and between the silos of any organization. We have proven a multiplier effect from optimizing the sum of the parts, not just the individual pieces.
211-212, Sterling Apartment,
Opp. Mohandas Gandhi High School,
Jawahar Road, Rajkot-360001, Gujarat
+91 80000 38999
0281 2224517, 2222813