Firm’s Background
Satya Srinivas & Company (‘the firm’) was established in August 1971 with Mr S Srinivas and Mr D R Satyanarayana Rao being the founding partners. Mr D R Satyanarayana Rao retired from the firm in 1981.
The firm is presently functioning with Mr S Srinivas at the helm along with Mr Avinash Rao as partners.

Brief Profile of the Partners
Mr S Srinivas is a fellow member of the Institute of Chartered Accountants of India with over three decades of experience. He started his career with Canara Bank where he worked for the inspection department.

This enabled him to acquire extensive knowledge in the areas of Banking and Finance with emphasis on foreign exchange transactions.
He also possesses extensive knowledge in the fields of accounting, management, direct and indirect taxation.

Mr. Avinash Rao is a Masters Degree holder in Commerce, a Fellow Member of the Institute of Chartered Accountants of India, Associate member of the Institute of Public Accountants, Australia and also an Associate Member of the Institute of Cost Accountants of India.

After his article-ship, he set up practice as an independent accounts and project consultant for a year, he later moved to M/s Bharat S Raut & Co, (Member firm in India for KPMG International) in July 2002.

The nature of assignments undertaken include:

• Tax provisioning, tax audits, tax returns, with-holding tax reports, tax due diligence reports and clearances under the provisions of the Income-tax Act, 1961;
• Company law and FEMA including various compliance and regulatory issues under both statutes;
• Preparation of paper books and appeal papers for appeals before the Commissioner of Income-tax and the Income-tax Appellate Tribunal;
• Transfer Pricing study and reports in case of international related party transactions;
• Preparation of MIS Statements for KPMG International covering locations across Asia; and
• Management of receivables.

He also possesses extensive knowledge in the fields of accounting, management, direct and indirect taxation, and statutory and internal audit.

Personnel
The firm has employed 10 accounts/taxation experts with extensive knowledge in the following fields:

• Financial Accounting for Trading, IT and Manufacturing companies;
• Payroll;
• Inventory management;
• Taxation of firms and individuals;
• Company Law and FEMA compliance issues; and
• Customs and central excise laws, with holding taxes.
• Stock Audit
• Duty drawback certification
• Provident Fund Audit;
• Taxation of firms and individuals;
• Statutory Audits of Limited and Private Limited Companies;
• Tax Audits of Companies, Firms & Individuals;
• Due diligence Audits
• Internal Audits
• Payroll Audits