K S Sanghvi & Co, Chartered Accountants, is a blend of experienced professionals and enthusiastic youngsters. The Firm is well equipped in both areas of practices – the traditional as well as the modern. The Firm is known for its advice on matters relating to Direct Taxes.
The Firm was started by Kirit Sanghvi in the year 1978 as a proprietor with interest in the area of Direct Taxes and Litigation. Later, Hitendra Doshi joined as a partner of the Firm in the year 1988 to expand the Firm’s practice in the area of Operational and Internal Audits. The Firm rapidly expanded in areas of Internal and Operational Audits, and tax restructuring with some reputed listed Companies being its clients. Shailesh Shethia joined the Firm as a partner in 2002 to further the growth of the Firm in the areas of Government Audits and managing tax aspects of Government Organizations and Public Sector Undertakings. Tapan Sanghvi joined the Firm in 2008 with ISA qualification to fuel growth in the areas of Banking and Financial Services, Textiles and Manufacturing Sectors.
With diverse experiences coming together, today, the Firm offers a wide range of services from Auditing to Taxation to Advisory.
A Brief Profile of the partners is given below:
The Senior Partner, qualified in 1978 with a rank.
Kirit Sanghvi has been in practice since then. Mr. Sanghvi had chosen operational & Management Audit as on optional subject at the final Chartered Accountancy examination level.
The areas of specialization of Mr. Sanghvi are auditing, taxation and particularly operational and management audit, accountancy and management. He is well versed in the interpretation of double tax avoidance treaties.
He has, to his credit, articles on taxation, accountancy and management published in the journals and papers of repute, like the Chartered Accountant, the Economic Times, Taxman and the Bombay Chartered Accountants Journal. He has authored a book on fringe benefit tax titled “Fringe Benefit Tax - A Study” published by Snow - White Publishers and “Losses Under The Income Tax Act 1961 – A Study” published by Wolters Kluwer and “A Practical Guide to Construction and Real Estate” also published by Wolters Kluwer.
Mr. Sanghvi has also lead discussions on the subjects of accountancy, auditing, taxation and corporate laws at various seminars.
His article on IFRS – ‘Simplicity in Complexity’ (in May 08 Journal of the Bombay Chartered Accountants Journal) was awarded as the Best Article of Year 2008 – 09 by BCAJ.
Mr. Sanghvi is also a guest lecturer at the Regional Training Institute, Comptroller and Auditor General of India.
Mr. Sanghvi has written books on topics such as Fringe Benefits Taxes, Brought Forward Losses and Set Off [3 editions published and 4th under print] under the Income Tax Act, Accounting in the Real Estate Industry published by reputed publishing houses, Appeals under the Income Tax Act.
He has been in practice for more than 20 years. He has a keen sense of audit. He can visualize peculiar problems in an audit and can plan the audit accordingly. He has a very methodical approach to auditing.
Mr Doshi gained extensive experience in internal audit and stock audit of public limited listed companies. The internal audit reports were greatly appreciated by the Management.
He has been in practice for more than 10 years has experience in audit of public sector undertakings, private limited companies. He has vast experience in dealing with taxation of charitable trusts.
He has joined the firm for full time in 2008. He is DISA qualified. He was with PriceWaterhouseCoopers in the Assurance division for a year and a half and then was with the Financial Advisory Services (Due Diligence) for a year. He was involved in audits of companies like Hindustan Unilever Limited and Novartis India Limited. He was also involved in private equity deals at PwC.
He has done a course on IFRS conducted by the KPMG in India. He has completed his Executive MBA from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai.
He was a visiting faculty at Aegis School of Business, Navi Mumbai and SIES College for Corporate Finance.