Chartered Accountancy & Strategic Advisory Disciplines
Organized across 4 High-Level Global Service Lines, Srivastava Kumar & Co. delivers statutory audit assurance, direct tax litigation defense, lawful tax planning, indirect tax governance, and corporate financial advisory for corporate enterprises, high-rent commercial landlords, tech leaders, startups, and family offices.
1. Audit, Statutory Assurance & Banking Governance
Independent financial assurance, statutory bank branch audits, and internal financial controls.
Statutory Corporate Audits
Statutory assurance under Section 139 of the Companies Act, 2013, CARO 2020 compliance reporting, Ind AS / Indian GAAP compliance, and Internal Financial Controls (IFC) assessments.
Deliverable: Independent Auditor's Report with 18-digit UDIN
Target: Private & Public Limited Companies, PSUs
Statutory Bank Branch Audits & LFAR
Statutory branch audits, Long Form Audit Reports (LFAR), concurrent audits, and IRAC asset classification reviews conducted in accordance with RBI master circulars and ICAI Banking Guidance Notes.
Deliverable: Long Form Audit Report (LFAR) & IRAC Certificates
Target: Scheduled Commercial Banks, Regional Rural Banks & NBFCs
Internal Controls & Forensic Reviews
Enterprise risk management, SOP reviews, internal financial controls (ICFR) testing, physical stock verification, and forensic investigation of financial records.
Deliverable: Risk Matrix & Management Governance Dossier
Target: Corporate Boards, Audit Committees, Promoters
Corporate Banking & Debt Structuring
Engineering audited CMA Data, Techno-Economic Viability (TEV) models, Cash Credit Drawing Power (DP) optimization, Lease Rental Discounting (LRD) escrow structures, and RBI ECB compliance.
Deliverable: Audited CMA Model & DSCR Financial Dossier
Target: Mid-Market Corporates, Borrowers & Landlords
Corporate Governance & ROC Compliance
Statutory secretarial filings (Form AOC-4, MGT-7), Director KYC verification (DIR-3), related-party transaction governance, corporate restructuring, and NCLT revival petitions.
Deliverable: Statutory ROC Compliance Dossier & Annual Filings
Target: Private & Public Companies, LLPs, Directors
2. Direct Taxation, Search Litigation & Lawful Tax Planning
High-stakes appellate defense, search assessment representation, and strategic direct tax structuring.
Direct Tax Litigation & Search Defense
Defense representation in Section 132 search/seizure block assessments, Section 148 reassessments, preparation of submissions, and appellate advocacy before CIT(A) and ITAT.
Practice Forum: Faceless AO, CIT(A), ITAT Benches
Statutory Scope: Search Dossiers, Affidavits & Submissions
C&AG Audit: Over 85% of quashed notices cite Section 148A jurisdictional defects.
Corporate Tax Planning & Section 44AB
Monthly corporate direct tax retainerships, quarterly Advance Tax computation, quarterly TDS/TCS filings, and statutory Tax Audit under Section 44AB with Form 3CD.
Deliverable: Form 3CA/3CB & 3CD with UDIN
Scope: Quarterly Advance Tax, TDS & 43B(h) MSME Governance
Commercial Real Estate & High Rent
Tax structuring for institutional commercial rent portfolios: Section 24(a) standard 30% deduction vs CAM PGBP bifurcations, uncapped Section 24(b) LRD debt interest, and Section 26 co-ownership.
Specialization: Office Plazas, Malls & Warehousing
Target: Commercial Landlords & Developers
JLL Institutional Data: ₹45k Cr+ LRD structured under Section 24(b).
Tech Leaders & US RSU Taxation
Tax advisory for senior tech leaders and cross-border executives: US RSUs/ESPP perquisites u/s 17(2), Form 67 Foreign Tax Credit (FTC), Schedule FA Black Money Act compliance, and Section 44ADA remote tech contracting.
Tools: In-Browser RSU & 44ADA Calculators
Target: FAANG/Tier-1 Tech CXOs & Engineers
CBDT Systems Data: Schedule FA omission triggers ₹10 Lakh penalty u/s 43.
Search & Seizure Defense (Sec 132)
Emergency representation in Section 132 searches (raids) and Section 133A surveys: on-site rights, Panchnama forensic scrutiny, statement retractions, and mitigating 78% penal tax under Section 115BBE.
Practice Forum: Investigation Wing, CIT(A), ITAT Benches
Remedies: CBDT Inst. 1916 Jewellery & Sec 132B Asset Release
Supreme Court Precedent: Coerced Sec 132(4) statements without evidence are invalid.
3. Indirect Taxation (GST, Customs & International Trade)
GST retainerships, Input Tax Credit (ITC) governance, SCN departmental litigation, and customs advisory.
GST Retainerships & Annual Reconciliations
Monthly GSTR-1 and GSTR-3B filings, automated GSTR-2B Input Tax Credit (ITC) vendor reconciliations, annual GSTR-9 returns, and GSTR-9C reconciliation statements.
Deliverable: Monthly ITC Variance Matrix & Annual GSTR-9C
Target: Manufacturing, Traders, Real Estate, Service Providers
Departmental SCN & GST Appeals
Drafting technical replies to Show Cause Notices under Sections 73/74, handling DGGI audit investigations, filing first appeals before Joint/Additional Commissioners, and GST Tribunal matters.
Deliverable: Legal Submissions & Appellate Filings
Target: Assessees facing GST audit objections or ITC demands
GST LUT, Inverted Duty & Customs
Filing GST Letter of Undertaking (LUT) for 0% IGST export of software services, processing accumulated ITC refunds on inverted duty structures, and handling Customs SVB related-party valuations.
Deliverable: Export LUT Acknowledgements & GST Refund Orders
Target: Exporters, Remote Tech Contractors, Importers
4. Corporate Finance, Cross-Border, Startups & Wealth Governance
Valuations, international tax, startup runway modeling, private family trusts, and NRI taxation.
IBBI Business Valuation & M&A
Statutory business valuations under Section 247 of Companies Act 2013 by IBBI Registered Valuers, Rule 11UA Fair Market Value (FMV) reports, DCF equity valuations, and buy-side/sell-side financial due diligence.
Deliverable: Statutory IBBI Valuation Report with UDIN
Target: Startups, M&A Acquirers, Joint Ventures
International Taxation & Transfer Pricing
Cross-border transaction structuring, Double Taxation Avoidance Agreement (DTAA) treaty relief, Form 3CEB Transfer Pricing documentation, and Form 15CA/15CB outward foreign remittance certifications.
Deliverable: Form 3CEB Report & 15CB Certifications
Target: Multinational Enterprises, Inbound FDI Subsidiaries
Pragmatic Entity Selection & Runway Advisory
We advise registered Partnership Firms for bootstrapped & family businesses—leveraging Section 10(2A) 100% tax-exempt profit withdrawals, Section 40(b) partner interest/salary deductions, and zero MCA filing drag—incorporating Companies strictly when VC equity, ESOPs, or FDI mandates apply. 13-week runway modeling and DPIIT Section 80-IAC filings.
Philosophy: Section 10(2A) Zero-Dividend-Tax Advantage
Target: Bootstrapped Founders, Family Ventures & Seed/Series A Startups
DPIIT Official Data: < 2.5% startups achieve Sec 80-IAC due to non-compliant IMB filings.
Private Family Trusts & Succession
Structuring Irrevocable Discretionary Family Trusts under Indian Trusts Act 1882 to protect promoter assets from commercial liabilities, bank personal guarantees, and IBC insolvency risks.
Deliverable: Trust Deed Architecture & Succession Dossier
Target: Promoters, Business Families & HNIs
NRI Taxation & Section 195 Form 13
Section 195 Lower TDS Certificates (Form 13) for NRI property sales to eliminate 20%+ default withholding, Form 15CA/15CB repatriation certifications, and Section 6 residency determinations.
Tools: In-Browser NRI Tax Residency Evaluator
Target: Non-Resident Indians & Global Citizens
GIFT City Family Funds & IFSC
Regulatory structuring of Family Investment Funds (FIF) and Category I/II AIFs in GIFT City IFSC Gandhinagar, qualifying for the 10-year 100% corporate tax holiday under Section 80LA.
Deliverable: IFSCA Entity Setup & Tax Structuring Memo
Target: Ultra-HNIs, Family Offices, Global Fund Managers
Personal Accounting & Family Balance Sheets
We encourage clients to document, plan, and trace legacy succession and measure Return on Total Wealth (ROTW). Maintaining double-entry personal books across Promoters, Spouses, HUFs, and Trusts. Defending capital accounts against Section 68/69 inquiries, reconciling ITR Schedule AL, and eliminating Section 2(22)(e) deemed dividend exposure.
Deliverable: Consolidated Family Balance Sheet & UDIN Net Worth Certificate
Target: Corporate Promoters, Business Patriarchs, UHNIs & High Earners
Bain & Co. Wealth Study: 73% of promoters face scrutiny during succession without family ledgers.
Strategic Wealth Advisory & Personal Finance
We focus on wealth velocity rather than static return on an individual asset or asset class. Fee-only fiduciary architecture for promoters, tech CXOs, and family offices: accelerating post-tax capital rotation, unlocking non-taxable debt liquidity (LRD), Section 54/54EC/54F capital gains reinvestment shields, and multi-entity tax bucketing across HUFs and Trusts.
Deliverable: Wealth Velocity Blueprint & Post-Tax Cashflow Roadmap
Target: Corporate Promoters, High-Earning CXOs & Family Offices
Real Estate Capital Gains & JDA Advisory
Tax architecture for ₹10 Cr to ₹100 Cr+ transactions across South Delhi, Gurugram, and Noida: Builder Collaboration Agreements under Section 45(5A), Section 50C circle rate DVO defense, and Section 54 rollover optimization.
Corridors: GK, Vasant Vihar, Defence Colony, DLF & Golf Course Rd
Mechanisms: Sec 45(5A) Deferral to CC Date • DVO 50C(2) Reference
Budget 2023 Amendment: ₹10 Cr statutory cap on Sec 54/54F reinvestments.
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Strategic Legal & Regulatory FAQs
Authoritative statutory clarifications on high-value direct tax litigation, commercial rent, foreign equities, and family trusts.
1. Is interest on Lease Rental Discounting (LRD) loans capped under Section 24(b)?
Statutory Position: No. While interest deduction on self-occupied residential property is capped at ₹2,00,000 per annum, interest paid on loans borrowed for let-out commercial property (including Lease Rental Discounting facilities utilized for business or asset creation) is 100% uncapped against let-out income under Section 24(b) of the Income-tax Act, 1961.
2. What are the statutory penalties for omitting US RSUs in Schedule FA of Indian ITR?
Statutory Position: Under Section 43 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, failure to disclose foreign shares, vested RSUs, or foreign custodial accounts in Schedule FA attracts a mandatory penalty of ₹10,00,000 (Ten Lakh Rupees) per assessment year, even if all taxes were duly withheld on vesting under Section 192/17(2). Past omissions can be regularized by filing an updated return (ITR-U) with complete Table A3 schedules.
3. Can commercial lenders or bankruptcy liquidators attach assets held in a Private Family Trust?
Statutory Position: Under the Indian Trusts Act, 1882, assets irrevocably transferred to an Irrevocable Discretionary Family Trust cease to form part of the settler's personal balance sheet. Provided the trust deed is drafted bona fide prior to the execution of commercial bank guarantees or insolvency triggers, the trust corpus is protected from creditor attachments and IBC liquidation.
4. What are the mandatory jurisdictional preconditions before an AO can issue a Section 148 notice?
Statutory Position: Under Section 148A, the Assessing Officer must possess verifiable 'information suggesting income has escaped assessment', conduct a preliminary inquiry, provide the assessee with complete underlying documents via a show cause notice (giving 7 to 30 days to reply), pass an order under Section 148A(d) considering objections, and obtain statutory sanction from the Principal Chief Commissioner under Section 151.
5. How can an eligible startup claim the 100% tax exemption under Section 80-IAC?
Statutory Position: To claim the 100% tax holiday on eligible profits for 3 consecutive assessment years out of 10 years under Section 80-IAC, the entity must be a DPIIT-recognized company or LLP incorporated between April 1, 2016 and March 31, 2025, have turnover under ₹100 Crores, and receive approval from the Inter-Ministerial Board (IMB).
Need Direct Partner Consultation on a Mandate?
Our practice is led by 6 Partners (5 FCA) with ICAI Peer Review Board certification. Engagements are structured with full statutory compliance under ICAI Standards on Auditing and Code of Ethics.