Alifiya S

A highly accomplished finance and accounting professional with over 14 years of progressive experience spanning statutory audit, internal audit, tax compliance, corporate law, and financial reporting. CA Final Group 2 qualified (ICAI) and CS Executive (ICSI) qualified with a strong foundation in both direct and indirect taxation. Proven ability to independently manage end-to-end audit engagements, lead regulatory compliance, and advise clients across diverse sectors including banking, real estate, non-profit trusts, NBFCs, and healthcare.

Committed to delivering accurate, compliant, and insight-driven financial solutions that support organisational growth and governance.

Article Assistant / Audit Assistant at Laxminiwas & Jain Chartered Accountants (2007-10 – 2011-10)

• Completed three-and-a-half years of articleship; managed end-to-end statutory and tax audit assignments independently.
• Ensured compliance with Schedule VI of the Companies Act, 1956, and applicable Accounting Standards.
• Prepared final financial statements including Balance Sheets, Profit & Loss Accounts, and accompanying schedules.
• Handled preparation of income tax computations for individuals, firms, and companies.
• Managed TDS calculations, payments, and return filings; handled Service Tax calculations and compliance.
• Attended to ROC filings, company formations and closures, and regular income tax assessments and rectifications.
• Performed ledger scrutiny, monthly closing entries, provisions, bank reconciliation, and bank liaison activities.

Audit Executive at Hansaria and Associates (2015-07 – 2015-10)

• Conducted concurrent audits across multiple banks including Vijaya Bank, Mumbai District Co-operative Bank, Model Co-operative Bank, State Bank of India, and Malad Sahakari Co-operative Bank.
• Responsibilities included revenue leakage detection, bank guarantee verification, cash verification, KYC compliance for loan and account opening, NPA verification and provision creation.
• Verified jewel packets, mortgage/housing/term loans, CC/OD documentation, and ATM operations.
• Conducted Revenue Audits and Information System (IS) Audits.

Senior Audit & Compliance Executive at I. Qureshi & Associates (2015-11 – 2017-03)

• Managed client relationships and provided practical guidance on Audit Standards and Accounting Standards interpretations.
• Prepared and filed statutory returns for companies, firms, individuals, and trusts; drafted Auditor's Reports and Director's Reports.
• Handled statutory audits of private limited companies and supported formation of public limited companies and LLPs.
• Conducted valuation of unlisted companies and prepared submissions for income-tax assessment and appeal proceedings.
• Filed TDS, Service Tax, and VAT returns; conducted Limited Review Audits.
• Led internal audit engagements for a Non-Banking Finance Company (NBFC) — formerly Micro Housing Finance Corporation, now Svatantra Micro Housing Finance Corporation — including risk-based audit planning, internal control review, and management letter preparation.
• Independently handled amalgamations and demergers including filing schemes, petitions, and affidavits with the Bombay High Court; coordinated approvals from ROC, Ministry of Law & Justice, Regional Director, and Income Tax authorities.

Audit & Accounts Manager at Bipin Shah & Co (2017-05 – 2021-01)

• Carried out trust audits in compliance with the Maharashtra Public Trust Act; performed internal audits for trusts and NGOs.
• Finalised Balance Sheets and Profit & Loss Accounts for companies and charitable institutions; prepared financial statements for schools, junior colleges, hospitals, and churches.
• Performed bank reconciliation, fixed asset schedule preparation, head office-branch reconciliation, and sundry creditor reconciliation.
• Executed TDS compliance functions including deduction verification at appropriate rates and return filing for internal and external customers.
• Prepared and filed income tax returns; computed advance tax; calculated DTA/DTL and taxation provisions.
• Assisted in internal builder audits (Shanay Developers, Bachraj Developers) — reviewed sale agreements, construction billing, RERA compliance, and income tax obligations.
• Assisted in hospital audits (Holy Spirit Hospital, Holy Family Hospital) and school audits (St. Joseph High School, St. Arnold High School).
• Managed FCRA Act 2010 and Charity Commissioner compliances; handled NRI income tax returns and FCRA-related submissions.
• Theoretical knowledge of GST law including time and value of supply, input tax credit, exemptions, composition scheme, and reverse charge mechanism.

Audit & Tax Consultant at AMS & Co (2023-01 – 2024-09)

• Conducted statutory audits for corporate and individual clients; analysed financial records to determine accurate tax filing positions.
• Identified eligible deductions and credits for clients; handled individual income tax return filings and assisted in tax audit engagements.
• Prepared audit working papers, schedules, and documentation to support audit evidence and conclusions.
• Prepared and filed quarterly and annual tax returns; developed and implemented financial policies and procedures to improve audit compliance.
• Assisted in company formation processes and peer review procedures.

Falcon Transcorp LLP (2024-11 – 2025-12)

• Daily accounting of the companies
• Preparation of montly compliance returns
• Analysed Accounting Records to identify discrepancy with the laws
• Assisted the Auditors
• Assisted in Documentation

Audit & Tax Associate at NZ & Associate (Present)

• Conducting statutory audits of corporate, individual, and government company clients.
• Assisting in tax audit engagements, bank audits, and day-to-day bookkeeping operations.

CA Final – Group 2 – ICAI (2023-11)

CS Executive – Level 2 – ICSI (2012-12)

Chartered Accountancy – Level 2 – ICAI (2010-11)

B.Com – Mithibai College, Mumbai University (2010-05)

H.S.C. – Mithibai College, Maharashtra Board (2007-02)

S.S.C. – Mahindra Academy, Maharashtra Board (2005-03)