Sudit K. Parekh & Co. LLP, Chartered Accountants, Mumbai, India

About Us

Sudit K. Parekh & Co. LLP (Formerly Sudit K. Parekh & Co.) was founded in 1962 as an audit and tax practice. Headquartered in Mumbai, the firm has grown over the years and evolved into a multi-location, diversified organization.

We provide a complete suite of advisory, assurance and tax services, encompassing planning, compliance, certification and representation, from a domestic as well as international perspective.

Quality

Our commitment to innovation ensures that our processes and results strive towards excellence

Integrity

We consciously strive to do what is right for our community, thereby, building relationships and mere business

Respect

Respect lays the foundation for all our interactions

Leadership

Every member of our team is empowered to be a leader – one who takes pride in that challenge

Teamwork

Working together to achieve our goals is the basis of our success

Recent Ind AS & IFRS Updates: 2023-2024 Financial Reporting

Deciphering Audit Trail: Frequently Asked Questions

Deciphering Audit Trail Understanding key intricacies and requirements

Key takeaways from Ministerial Decision on Participation Exemption

How angel tax norms for startups may impact on flow of Foreign Direct Investments in India?

Taxation of non-residents under the UAE Corporate Tax Regime

Amendments to IAS 8

Key Updates on Personal, Corporate and International Tax

If you have a home loan or plan to take one, you are better off with the old tax regime

Ind AS 117 Insurance Contracts: An Overview

Updated Return – additional window for income tax return compliance

Reassessment Controversy – put to an end!

Extending Trade Credit to an associated enterprise can not be equated to the loan facility; Mumbai Tax Tribunal

MCA extends timelines for CSR-2 filing and implementation of the audit trail feature

Bombay High Court quashes reassessment notices as null and void. States that explanations to Taxation and Other Laws (TOLA) notification

IFRS amendments applicable from 1 January 2022

Introduction of Form CSR-2 for CSR reporting, mining, and analyzing CSR data

Education Cess not allowed as deduction with retrospective effect

Tax Litigation Management – New Way to Reduce Litigation on Repetitive Matters

Supplementary clarifications on TDS/TCS on goods/e-commerce transactions

AY 2021-22: Revised Extended Tax Return Filing Timelines

Persons notified for signing Income Tax Returns and to act as Authorized Representative

Relaxation in timelines for compliance with regulatory requirements by SEBI

Contributions for COVID-19 vaccine to qualify as CSR

Purchase of Goods: Withholding Tax vs Collection of Tax

Amendments to CSR activities for the year 2020-21

Clarification regarding utility on Section 206AB and 206CCA of the Income-tax Act

CBDT amends quarterly TDS/TCS statements and expands the ambit of reporting base

New Circular Issued by SEBI regarding the AIFs, VCFs, and MFs

Extension in Due Date for various compliances under the Income-tax Act

Enhancement of overall limit for overseas investment by AIFs/VCs

MCA issued a clarification on offsetting CSR spent for FY 2019-20

Upgrading Accounting Standards – ICAI issued exposure draft of AS 12: Income Taxes

Financial Reporting Closure 2020-21: SEBI Amendments, Clarifications and Relaxations 2020-21

SEBI (Portfolio Managers) Regulations, 2020 – Safeguarding Investor Interest

Executive Summary of CARO 2020

Financial Reporting Closure 2020-21: Important changes announced by the MCA

MCA issues fresh circular for COVID-19 support in the form of CSR contributions

Clarification issued by Ministry of Corporate Affairs (MCA) on 3 May 2021 for board meetings

Financial Reporting Closure 2020-21: Amendments pronounced in GAAP and their implications

Applicability of Accounting Standards to Non-Company Entities

Amendment to Schedule III to the Companies Act, 2013

Financial Reporting Closure 2020-21: Insights on crucial areas

Can India’s move to lure NRI investors help it revive its pandemic-battered economy?

Dividend Income – Withholding Tax Relief for FPI’s

HUF or Trust – What works and when for Indian families?

SEBI’s new rules for Investment Committee have put AIF managers in a quandary

MSMEs and Start-ups – Benefits, Relaxations and Relief measures

Income Tax Department- Faceless!

SC rules that no tax liability in terms of Article 7 of DTAA for LO whose activities are regarded as business activity which are “of preparatory or auxiliary character”

PILCOM – Has the law taken U-Turn with respect to foreign remittance?

Bid Adieu – Litigation

Export benefit such as SEZ, EPCG, MEIS, etc. held to be non-compliant of WTO norms

Decisions earlier approved by the GST Council now made effective

Corporate Social Responsibility Activities for the Indian Institutes of Management (IIMs)

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Assurance

Business environment is evolving rapidly with increased complex
regulatory requirements. Upholding stakeholder’s confidence and trust is vital in these times.