The Limited liability firms combine the advantages enjoyed by the partner companies and private limited companies. LLP companies operate in India with contributions from Indian and foreign partners. For a long time, Private limited companies are in India. In 2008 the LLP Act was sanctioned by the government of India. The hybrid structure is helpful…
The year 2023 is the year of the new syllabus for ACS students. The new syllabus registration starts in June, February and August for the CSEET, executive and professional level program. ICSI conducted the election as per the company secretary act from 9th to 10th December 2022. After counting the votes, the constituencies are filled…
Income tax allows certain deductions from loans, insurance, PPF fixed deposits, a senior citizens savings scheme, a national savings certificate and a national pension scheme. Money spent for taking care of parents’ health, donations to charities, long-term capital gains, and loans to major children is a deduction from the income tax. According to the finance…
RR Academy is a pioneer institute with proven records of success. The year 2023 brought a bunch of good news. RR Academy students placed in the All India top scores. In the CA and CMA foundations, students have scored centum in Accountancy. This mark is a record at the All-India level. The blog intends to…
In the year 2022, Chartered accountants were in high demand. Chartered accountants shine in their profession as their skills are equipped with tenacity, patience, and excellence. This blog engages readers with popular chartered accountants and CA firms in India. CA firms with national and international clients earn high revenue. The big four firms are at…
Chartered accountants, cost accountants, and company secretaries are the representatives of the law. ICMAI is constantly following the ministry to bring changes to the audit of companies. According to the Companies act 2013, cost accountants are eligible to do cost audits. Chartered accountants do audits under the income tax act of 1961. In the January…
ICAI submitted the pre-budget memorandum to the Indian government. The suggestions from ICAI for direct and international taxation are in the memorandum. The improvisation is visible in the tax collection, litigations, rationalising the tax laws, tax evasion, and administrative procedures for direct tax by incorporating the suggestions mentioned by ICAI. The pre-budget memorandum educates about…
ICAI is conducting a detailed research about virtual currency. Earlier, ICAI has also expressed consent to using blockchain technology in auditing. In India, there is a 30 per cent of tax for cryptocurrency trading. The Indian government is encouraging the crypto market as there are participants from other countries around. Crypto audit and other firms…
