Guide on Pvt Ltd Company Registration Process Creating a company in India is an essential first step on your path to entrepreneurship. And establishing a company is not as simple as you would think. There are procedures to follow and documents to submit, of course, but once you understand how to do them, the entire …
ICAI’s statutory monopoly is proposed to be going end by a parliamentary Panel The report of the Standing Committee on Finance on the bill revising three professions—company secretaries, chartered accountants and cost accountants—has been a blow for all three institutions, particularly the CA Institute, which regulates these professions. Parliamentary Panel, which is led by BJP …
Scope of Chartered Accountants in Future After globalization, privatization and liberalization, chartered accountancy has become a massively profitable vocation in India. Given the numerous advantages of being a chartered accountant (CA), it is understandable that many people would desire to pursue this profession. In fact, according to records, over 1.25 lakh student take the ICAI …
Statutory Compliance for March 2022 Note 1: Not Opting for Quarterly Return Filing and Monthly Payment of Taxes Scheme- Timeline for filling GSTR – 3B with Annual Turnover up to 5 Crore in State 1 Group (Chhattisgarh, Tamil Nadu, Gujarat, Maharashtra, Karnataka, Goa, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, Puducherry, Andaman, and Nicobar Islands, Daman …
Importance of Tax Consultant in India Overview People often say that employing a tax consultant is a waste of money, but they will, on the contrary, show to be a valuable asset in your life. Before going into the advantages of employing a tax consultant, it’s important to know what a tax consultant is. Tax …
The Role of the Chartered Accountant in Tax Planning Tax planning is the process of putting the provisions of the Income Tax Act of 1961 into practise. To put it another way, tax planning is the process of examining a person’s situation in the most significant way possible. As a result, someone might steal such …
Difference CA vs MBA Professional Examinations & pattern Introduction – This is part of a discussion a fellow Chartered Accountant is having with regard to the changes our community (read Chartered Accountants and Chartered Accountants students) wants from the new Central Council and Regional Council for the betterment of the Chartered Accountants course. I put …
Issues & suggestions in Consultation paper issued by the NFRA In Paragraph 1.2 of the Consultation paper dated 29.09.2021, it has been said that “As per view of significant role played by Corporates in India in Economic development & growth of the India, it is required that the regulatory environment of Indian economic is conducive …
What is Systemically Important Non-Deposit Taking NBFC(NBFC – ND – SI)? Non-Deposit taking NBFCs having an asset size of Rs. 500 Cr and more as per their audited balance sheet of last financial year are considered as a systemically important NBFC – ND (NBFC-ND-SI). Other NBFC’s having an asset size of less than 500 Cr. …
Happy Chartered Day Accountant! Welcome to the 72nd day of CA DAY! I would like to re-connect and to wish you a very happy CA day. I, as a co-professionals, wish to expand the partnership in IFCCL on this auspicious day. COVID 19 moved us all across digital channels into virtual action. Yes, when we …