mayur dhruv - updated

MAYUR HASMUKHRAI DHRUV B.COM; ACA; LL.B. (GEN) ADDRESS: B/1203, BHOOMI LEGEND, OFF. WESTERN EXPRESS HIGHWAY, AKRULI ROAD,

NEAR SAMTA NAGAR POLICE STATION, KANDIVALI (EAST), MUMBAI – 400 101

MOBILE: +91 9773 62 61 36

email : [email protected]

A Competent Professional with more than seven years of functional experience in the

realm of Taxation (Direct and Indirect) and a key player in setting and achieving objectives

in multinational organisations.

POST QUALIFICATION EXPERIENCE:

Bunge India Private Limited (Fortune 500 Company)

Manager – Direct and International Taxation

Arval India Private Limited – BNP Paribas Group, Mumbai

Manager – Taxation [Direct and Indirect]

PricewaterhouseCoopers Pvt. Ltd, Mumbai

(Big4 Consultancy Firm)

Associate Chartered Accountant – Tax

May’15 to till date

December’ 12 – April’15 August’ 09 – November’ 12

Core

Competencies

Direct Taxation

Indirect

Taxation

An astute professional and a qualified Chartered Accountant with

cross functional experience in the gamut of Taxation.

Currently designated as a Manager – Direct Taxation with Bunge

India Private Limited (Fortune 500 listed at NYSE), BKC,

Mumbai.

Skilled in steering complexities and a strong understanding of

operational excellence.

Possess excellent communication skills that have been honed

through interacting with people at various levels of organisation.

Build and manage performing teams of accomplished personnel

by creating a learning environment.

Competent to foster a stimulating working environment and

deliver the work with commitment.

A stickler for quality, team builder to the core and a natural

motivator with perseverance and integrity.

PPRROOFFEESSSSIIOONNAALL CCOONNSSPPEECCTTUUSS

CCAARREEEERR GGRROOWWTTHH

mailto:[email protected]

MAYUR HASMUKHRAI DHRUV B.COM; ACA; LL.B. (GEN)

Bunge India Private Limited:

Got relief of INR 501 Crores (approx. 83 MUSD) towards transfer pricing adjustments

/ disallowances at the Income tax Appellate Tribunal (ITAT) for FY 2004-05.

Got substantial relief from the transfer pricing adjustments / disallowances at the

ITAT for FY 2005-06 and FY 2006-07.

Awarded for significant improvement of tax compliance and reduction of contingent

liability for FY 2015-16.

Awarded with certificate of excellence for tax compliances for FY 2015-16.

Development of Direct tax modules in SAP.

Arval India Private Limited:

Got refund orders under Income tax for three Assessments Years (AY 09-10, AY 10-11

and AY 11-12) and MVAT for two Financial Years (FY 2008-09 and 2009-10).

Got lower deduction tax certificates under Income tax within a month’s time from the

date of application.

Got favorable orders under Value Added Tax laws for three states (Haryana, Rajasthan

and West Bengal).

Key role in processes implementation related to Direct and Indirect Taxation.

Suggested, implemented and fixed certain parameters in accounting and invoice

generation systems to make them tax friendly.

Rewarded for automation of financial statements and lead role in finalization of year-

end accounts.

APPEALS, HEARINGS & LITIGATION

Compiling data for Transfer Pricing and Normal assessments.

Studying of various documents and information for preparation of paper book,

summarizing points for arguing the appeal before the Income tax authorities, Service tax

authorities and various State Value Added Tax (VAT) authorities.

Drafting of submissions, reply to show cause notices, summons, notice of demand

(including penalty notices), rectification letters, refund letters and letters for order giving

effect to the higher authorities.

Drafting of grounds of appeal and statement of facts for Income-tax (upto and including

ITAT), Service Tax and Sales tax matters.

Handling litigations / appeals and appearing before direct tax authorities (upto and

including ITAT) and indirect tax authorities.

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AACCHHIIEEVVEEMMEENNTTSS


TRANSFER PRICING

Identifying the associated enterprises and bifurcating transactions with associated

enterprises into international and specified domestic transactions.

Identifying of most appropriate method for determination of arm’s length price with respect

to transactions entered into with associated enterprises.

Identifying comparables (internal and external) to demonstrate the price for international

transaction.

Transfer pricing margins working along with suggesting the mark-ups/margins to be

ensured for TP compliance.

Preparation of activity wise P&L a/c for various segments of business for transfer pricing

assessments.

Preparation of data and maintaining contemporaneous documents for completion of

Transfer Pricing Report (Form 3CEB), Transfer Pricing Study and assessments.

OPERATIONAL TAX – DIRECT AND INDIRECT

Preparation of monthly and quarterly tax computation (deferred tax and current tax) under

USGAAP and IGAAP and depreciation workings.

Analysis of permanent and timing differences and their impact on Effective Tax Rate.

Analyse the requirement of FIN48 reporting and reversal of previously accounted FIN48 on

quarterly basis.

Updating the tax information on the centralized enterprise performance management

system (Hyperion and ONESOURCE).

Reporting of India tax litigation matters to global tax teams on quarterly basis.

Preparation of year wise Tax assessments litigation tracker (with automatic reminders for

upcoming date of hearings) with progress at various levels of assessment.

Preparation of summary of cash flow quantifying the amount of refund receivable from the

Income tax department.

Computation of quarterly advance tax liability under normal provisions of the Act and

MAT.

Review of MAT Credit utilization workings to check for possible impairment due to non-

utilisation within stipulated time period.

Preparation of Tax Audit Report and annexure forming part thereof.

Review of withholding tax on foreign remittances.

Review of monthly TDS calculations, Service Tax computation and VAT computation.

Review of e-TDS returns, Service Tax returns and VAT returns before filing the same with

the respective government authorities.

Ensure timely compliances with the provisions of the Income tax Act, Service tax Act and

VAT Acts of various states.

Coordinating with the consultants / advocates for information requirements for Audits,

Annual Returns, Annual Information Reports and Return of Income.


TAX KNOWLEDGE MANAGEMENT

Conducting knowledge management sessions within the Organisation to update the

concerned team members.

Assisting the team members in routine tax matters.

ADVISORY

[DURING MY TENURE AT PRICEWATERHOUSECOOPERS PRIVATE LIMITED]

Assistance to seniors for understanding the clients’ transaction and thereafter assisting in

preparing case for opinion.

Analysis and interpretation of Double Taxation Avoidance Agreements (‘DTAA’) with

reference to books of international tax authors, commentaries, articles and domestic and

international judicial precedents.

Advising non-resident body corporate about the requirement of obtaining Permanent

Account Number (‘PAN’) and providing support in obtaining PAN in India.

Advising non-residents about the pros and cons of filing of Return of Income in India.

Assistance to seniors for providing advice to clients on compliance requirements and

taxability of domestic and cross-border transactions.

Lead role in incorporation of a subsidiary in India for a non-resident body corporate.

General Management and Communication Skills Course from The Institute of Chartered

Accountants of India in August 2009.

Leadership and Management Skills, a two day training conducted by Mumbai

International School of Business (MISB Bocconi).

EXAMINATION YEAR OF

PASSING

INSTITUTE /

UNIVERSITY / BOARD

SCORE

LL.B. (Gen) July 2014 Mumbai University 54.11%

C.A.Final

June 2009 ICAI

Group – I Cleared

Advanced Accountancy – 72

Mgmt. Acc. & Fin. Analysis – 78

Nov 2008 ICAI Group – II Cleared

Indirect Taxes – 63

T.Y.B.Com Mar 2006 Mumbai University 73.00 %

H.S.C. Mar 2003 Tamil Nadu Board 92.83 %

S.S.C. Mar 2001 Tamil Nadu Board 73.36 %

PPRROOFFEESSSSIIOONNAALL TTRRAAIINNIINNGG AATTTTEENNDDEEDD

AACCAADDEEMMIICC CCRREEDDEENNTTIIAALLSS


Operating System : Windows

Software Packages : MS Office (upto & incl. latest version)

Accounting Packages (working knowledge) : Navision, Daytona, Tally and SAP

Computer Training Certificate from The Institute of Chartered Accountants of India

DATE OF BIRTH : 20 April 1986

LINGUISTIC SKILLS : English, Hindi, Gujarati and Tamil.

HOBBIES : Reading, Chess, Singing, Sketching and Piano playing.

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CCOOMMPPUUTTEERR PPRROOFFIICCIIEENNCCYY

PPEERRSSOONNAALL VVIITTAAEE

mayur dhruv - updated

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