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About VKC

Our Vision

Our vision and mission permeates all of what we do. How we service our clients; qualities we look for in people we hire; our attitude and commitment to excel. Our vision constantly reminds us what the purpose of existence of VKC is, and it serves as the underlying framework guiding individual and collective efforts on daily basis.

Our Mission

Our mission is simple. It is to give our 100% to each assignment, irrespective of the background of the client or complexity of the issues at hand. We believe that this mission lived on a day to day basis will in the long term take us to where our vision is aimed at, i.e being the most admired CA firm and where VKC is valued for its dedication to client service, employee enrichment and the community it serves.

Who We Are

The firm came into existence in 1992 as a sole proprietorship and in 2014, witnessed a significant scale up on conversion into a partnership, taking on board partners, who are veterans of the accounting industry, and whose cumulative experience exceeds 100 years. The firm was renamed in 2014 as Verendra Kalra & Co., and is now led by Mr. Verendra Kalra, as Managing Partner who himself carries a professional experience of almost 30 years.

Learn More VKC Walkthrough

What we do

Assurance Services

Taxation Services

Corporate Law Service

Consulting Services

Financial Advisory

Foreign Exchange Regulation Services

What's New

MCA increases the additional fees on certain forms, from existing 12 times to 18 times of Normal Fees

Inside this Edition

January 2022

MCA has come up with the changes in the Companies (Registration Offices and Fees) Rules, 2014 wherein an additional fee and higher additional fee (in certain cases) shall be applicable for delay in filing of forms. Further, the higher additional fees shall be payable, if there is a delay in filing e-form INC-22, or e-form PAS-3 on two or more occasions, within a period of 365 days from the date of filing of the last such belated e-form for which additional fee or higher additional fee. This shall not be applicable to the Forms SH-7(for increase in Nominal Share capital) and Form AOC-4 and MGT-7 under section 92/137 (annual return of companies/filing financial statements with ROC). This shall be effective from 01st July, 2022.

December 2021

Inside this edition
• ITAT cannot recall its earlier order under section 254(2)
• NOC not mandatory at the time of withdrawal from CGAS
• Amended provision of section 36(1)(va) cannot be applied retrospectively
• Appeal with tax effect in dispute less than 50 lacs is not maintainable before ITAT
• TDS under section 194C is applicable on CAM charges
• UAD claim cannot be denied by moving a rectification
& more…

Direct Tax

Jan 12, 2022

Extension of timelines for filing ITRs and various audit reports for AY 2021-22

Jan 04, 2022

CBDT notifies Faceless Appeal Scheme, 2021

Dec 30, 2021

One-time relaxation up to Feb 28, 2022 for verification of ITRs AY 2020-21

Indirect Tax

Jan 03, 2022

Existing GST rates in textile sector to continue beyond 1st January, 2022

Dec 30, 2021

Due date for filing GSTR-9 and 9C extended till February 28, 2022 for the FY 2020-21

Dec 27, 2021

Newsflash Indirect tax review Vol 10/2021

Corporate Laws

Jan 12, 2022

MCA increases the additional fees on certain forms, from existing 12 times to 18 times of Normal Fees

Dec 30, 2021

Relaxation on levy of Additional fees for filing Annual Financial Statements in AOC ‐4 and Annual Return of Companies in MGT‐ 7/7A with MCA for the financial year ended on 31.03.2021

Dec 11, 2021

Extension of timelines for holding AGM through Video Conference (VC) or Other Audio‐Visual Means

Nov 29, 2021

Extension of timeline for filing of Cost Audit Report to the BOD for the Financial Year ended on 31.03.2021

Oct 26, 2021

Extension of timeline for filing Statement of Account and Solvency (Form 8) for LLPs for the Financial Year ended on 31.03.2021

Communique

VKC In Press

Our Mg. Partner CA Verendra Kalra, in his capacity as Chairman of PHD Chamber led the presentation in a program organised by the State Govt. for resolution of problems faced by the industry on 15th September,2021.

Mg. Partner Verendra Kalra led a delegation of PHDCCI in his capacity as Chairman for a call on meeting with Sh. Pushkar Singh Dhami, Honorable Chief Minister, Uttarakhand.

Mr. Verendra Kalra, Mg. Partner and Chairman, Uttarakhand Chapter of PHDCCI, leading the delegation for a meeting with Shri Pushkar Singh Dhami, Honorable Chief Minister, Uttarakhand.

Comments on Uttarakhand Budget 2021 by Mg. Partner Verendra Kalra on ABP Live news channel

Mg. Partner CA Verendra Kalra, in his capacity as chairman PHD Chamber and as lead speaker on the topic, elucidated the impact of the Budget to the students of Graphic Era Hill

Union Budget 2021 Analysis by CA Verendra Kalra Mg.Partner, published in the leading English Daily Garhwal Post.

Mg. Partner CA Verendra Kalra as a panelist on channel Hindi Khabar on pre-budget 2020 discussion

“Kalra’s: Legacy of professionalism and ethics”, an article written by Ms. Anjali Nauriyal in Garhwal Post on the highly professional life of CA Verendra Kalra and CA Sangeeta Kalra and their contribution to the Chartered Accountant and society.

An insightful article in Garhwal post written by CA Verendra Kalra, Managing Partner, on the highlights of the maiden Budget 2019 given by Finance Minister Nirmala Sitharaman

CA Verendra Kalra in his capacity as Chairman, PHDCCI, views on Budget 2019 on News 18 exclusive

VKC Publications

Technical Guide on Internal Audit of Educational Institution (Basic draft was authored by the partner, Mr. Verendra Kalra for the Internal Audit Standard Board of ICAI)

Guidance Note on Accounting of Schools (Basic draft was authored by the partner, Mr. Verendra Kalra for the Research Committee of ICAI)

VKC Presentations

Clause to Clause Analysis of Union Budget 2021 by Mg. Partner Verendra Kalra

Issues relating to taxation of NRI (Covering DTAA)

SFT Compliance Form 61 & 61A

Budget 2018

Latest Amendments & Judgments on Capital Gains

Decoding GST

Income Computation and Disclosure Standards

Hindu Undivided Family

Accounting and Taxation of Real Estate Transactions

Internal Audit

Culture & Values

Trust

Implicitly trusting and creating trust through transparent manner of working. Fairness and transparency are the associated values which guide this core value while taking professional decisions and actions.

Agility

We believe in the value of time, both for us as well as our clients. If we will not value our time, we will perhaps never value our client’s time...

Commitment

Committed to ensure a successful end to the assignment, day in and day out, 24X7. Anything short is not acceptable to us..

Creativity

Ingenious and out of the box solutions can only come, where creativity is woven in the fabric of an organization...

Empathy

for our clients and staff and the need for a harmonious co-existence, balancing our personal needs, the needs of our clients, our staff, various other stakeholders and the society at large.

Excellence

We believe in excellence. Excellence for us gets defined only when we bring a smile on the face of our clients.

Independence

Independence is about objectivity, skepticism and constantly avoiding prejudices and biases, intentionally and more importantly, unintentionally...

Passion

Bringing Passion to everything we do. Bigger the challenge, bigger the passion. Passion to deliver quality services to our clients, beats in the heart of our each staff, every moment.

Team work

We believe that nothing great is established without team work. Keeping this in mind, we follow a decentralized approach, empowering every individual within the organization, with a view to unleash their full potential.

About VKC

Our Vision

Our Mission

Who We Are

What we do

What's New

December 2021

News Flash

Communique

Culture & Values