Rashmin Chandulal Sanghvi :
Professional Background
Rashmin Sanghvi is a Chartered Accountant and started his practice in the year 1975. He is Founder Partner of Rashmin Sanghvi & Associates. He is recognised as a visionary and a leading consultant on international taxation and foreign exchange laws in India.
He is known for his radical and at the same time philosophical views. In his own unique style, he combines technical professional subjects with philosophy to give a different and clear perspective on several legal areas.
In the year 1999 He had been appointed by the Indian Finance Ministry on the High Powered Committee to study “E-Commerce and taxation”. Again, in the year 2015 he was appointed on Ecommerce Committee. This committee’s recommendation was accepted by Government of India and Equalisation Levy was introduced as an Indian tax on Ecommerce/ Digital Commerce.
Rashmin Sanghvi was founder member of the Western Regional Chapter of IFA at Mumbai. He pioneered the concept of training not only Chartered Accountants and Advocates, but also Tax Revenue Officials. From the year 1987, he spearheaded a movement with the objective of helping 100 tax consultants in becoming experts in International taxation. He was the key promoter of International Tax & Finance (I.T.F.) group at Bombay Chartered Accountants’ Society. This group has trained over a thousand practising Chartered Accountants in the subject of International Taxation through a self-learning process.
He has made presentations at several conferences organised by the Institute of Chartered Accountants of India, Bombay Chartered Accountants’ Society, Chamber of Tax Consultants and various other institutions.
He has also given lectures at Income-tax department’s training Institute at Nagpur and UTI Institute of Management–Vashi, New Mumbai on tax treatment for foreign collaborations, e-commerce taxation, international economics, etc. He was a visiting professor at Jamnalal Bajaj and Welingkar Institutes of Management.
He also pioneered the idea of study of International Economics under the auspices of Bombay Chartered Accountants’ Society.
Social Service Background
Apart from his professional commitments, Rashmin Sanghvi is involved in social work from the year 1987. He has formed a group of donors known as “Friends of VSSM & Dharampur” (FVD). This group is helping several NGOs in reducing poverty – mainly in Gujarat. Today he is an expert on Water Management. He has also worked to make poor tribals financially independent.
At present he gives regular talks on the philosophy of Advait Vedant. His talks are available on You Tube.
Naresh Ajwani is a Chartered Accountant and Partner of Rashmin Sanghvi & Associates. He qualified as a Chartered Accountant in the year 1988 and has been advising clients since then. He has specialised knowledge in the field of International Taxation and Foreign Exchange Management Act.
He is a regular contributor for articles in professional journals on International tax and FEMA. (In all partners profile we can state that all partners have authored the book on “Digital Taxation A Holistic View” in 2021.)
He is a member of:
- International Taxation committee.
- Journal committee of The Chamber of Tax Consultants.
- Law and Representation committee of The Chamber of Tax Consultants.
- Fellow member of The Institute of Chartered Accountants of India.
- Member of International Fiscal Association, Netherlands.
In the past, he has been:
- Member of the Managing Council of The Chamber of Tax Consultants.
- Member of the International Taxation Committee of Bombay Chartered Accountants’ Society.
As a member of the above bodies, he is responsible for spreading the knowledge of professional subjects within the profession.
He has presented papers and given lectures at conferences organised by various professional organisations including :
- The Institute of Chartered Accountants of India.
- Bombay Chartered Accountants’ Society.
- The Chamber of Tax Consultants.
- International Fiscal Association – Western Regional Chapter.
- Chartered Accountants’ Association, Ahmedabad.
- Indian Institute of Capital Markets.
- Institute of Companies Secretaries.
- Training Institute of the Income-tax Department.
Rutvik Sanghvi is a Chartered Accountant with more than 17 years of post-qualification experience in international tax and FEMA – advising clients on inbound & outbound strategy; HNI investment, relocation and succession planning; and representing clients before Income-tax authorities, RBI and DPIIT.
He takes active part in professional organisations and is a member of Bombay Chartered Accountants’ Society’s (BCAS) Managing Committee; convenor of its International Taxation Committee; and member of its Direct Tax Committee. He is also convenor of the Direct Taxation Committee of the Indian Merchants’ Chamber.
He presents regularly at various fora including at the Institute of Chartered Accountants of India; at BCAS and at the Chamber of Tax Consultants. He has co-authored, along with his Partners, a publication on “Digital Taxation – A Holistic View” published by Taxmann. He has also co-authored “Tax Withholding from Payments to Non-residents” co-published by CCH & Chamber of Tax Consultants. He regularly contributes articles in professional journals, Professional Compendiums and in other publications by professional organisations.