Deepakraj Murarilal Lala

Founder of Deepak Lala & Company Chartered Accountants

Education

• Fellow Chartered Accountant from ICAI (CA passed in May 1996 before the age of 21)
• Bachelor of Commerce - Mulund College of Commerce - University of Mumbai in April 1995

Area of Practice

• Has been rendering services in areas of Accounting, Audit, Taxation, Company Law Matters, Trust, Clubs, NGOs and Society matters, NRI consultancy, Wealth Management & Financial Planning.
• Has led and executed Corporate Social Responsibility Projects (CSR)

Work Experience and Skills

• Experience in (a) Accounting/Auditing Standards & Principles (b) Consolidation & Reporting (c) Forecasting, Budgeting & Planning (d) Cost Management (e) Revenue Recognition, (f) Assets, Liabilities & Working Capital Management (g) Foreign Exchange Management (h) Management of Cash & Fund Flows (i) Finalization of Accounts & Financial Statements (j) Managing Internal & External - Audits & Investigation (k) Prevention of Risks & Detection of Frauds (l) Income Tax - returns, TDS, TCS, Form 15CA/CB, etc. (m) GST matters (n) Profession Tax, PF, ESIC, Erstwhile VAT & Service Tax (o) Representing Direct Tax matters before Assessing Officers, Commissioner of Income Tax, CIT Appeals & Income Tax Appellate Tribunal (p) Tax Planning (q) Investment in Equities, Private Equity, Debentures, Fixed Deposits, Bonds, Mutual Funds, Structured & Alternative Products, (r) Insurance, (s) Treasury (t) Maintaining relationship with Bankers, Financial Institutions & Stakeholders (u) Drafting of Wills, Agreements, Deeds and Contracts (v) Property Matters (w) working with auditors, tax advisors, lawyers & Counsels (x) Due Diligence & Corporate Governance (y) Obtaining lower deduction of TDS for various persons including NRIs (z) various Statutory & legal Compliances.
• Adaptable, Business Ethics, Creativity, Diligent, Empathetic, Humility, Integrity, Leadership, Manage Teams, Negotiation, Perseverance, Resourceful, Strategic Thinking, Trustworthy, Zealous.

Clientele Exposure

• Industrial Material Handling Equipment Manufacturers, Plastic Industry, Engineering Goods, Ferrous & Non-ferrous Metals, Chemicals, Dyes & Intermediates, Automotive Components, Banking Services, Textiles, Book Publishers, Computer Hardware Dealers/Assemblers, Food, Advertising, Traders, Consultants, Advocates, Chartered Accountants, Doctors, Interior Designers, Civil Contractors, Real Estate, Clearing & Forwarding Agents, Commission Agents, Packaging, Website Developer, Importers-Exporters, Builders, Cinema-Hall, Banquet, HNI, Trust, Family Office¦....
• Statutory Branch Auditor of Central Bank of India. Earlier handled Statutory Branch Audits of State Bank of India, Allahabad Bank and Canara Bank.
• Conducted Stock Audits for Oriental Bank of Commerce and United Western Bank Ltd.

Professional Activities

• He is regular contributor to Direct Taxes - Law Update in the Monthly Newsletter of Western India Regional Council of Chartered Accountants of India since past more than 18 years.
• He was Convener of Mulund CA CPE Study Circle in the year 2004-05.
• He has been associated as Compiler of Budget published yearly by Malad Chamber of Tax Consultants since past more than 15 years.
• He has been regular speaker at various forums and has been contributing his write-ups in various professional magazines for past several years.

Community Activities

• He is committee member of Agroha Vikas Trust, Mulund Samiti - for Agrawal Community.
• Very Active Rotarian - Member of Rotary Club of Mulund since July 2006, held its position of Director, Secretary, President. Recipient of Best Rotarian award in 2011-12. Rotary District Chair -RYLA (Rotary Youth Leadership Awards) since 2016-17 and instrumental in International RYLAs at Bhutan, Maldives and Myanmar (Burma). Rotary Leadership Institute (RLI) Graduate. Recipient of Rotary International Avenues of Service Citation in 2016-17. Multiple PHF (Paul Harris Fellow). Currently serving as Assistant Governor (2022-23) for Rotary International, Mumbai District 3141

Family

• Happily Married to Sharda from Akola, Maharashtra; She is IRDA & AMFI Certified Financial Advisor and member of Inner Wheel Club of Mulund. She was ISO in 2014-15 and won Best ISO Silver Award from District 314. The couple is blessed with son-Siddhantha, who is currently studying in Smt Sulochanadevi Singhania School, Thane.