How to Save Tax in 2023?
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 […]
How to get 100 per cent success in CA and CMA foundation?
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 […]
Top ten CA firms and chartered accountants 2022
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 […]
Cost accountants want to do a cost audit under the companies act:
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 Recommendation about Tax to the Government
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 […]
Chartered Accountants as Crypto Specialists
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 […]
The story of NRC, Assam
Arunachal Pradesh, Manipur, Assam Meghalaya, Nagaland, Mizoram, and Tripura are the northeast states in India that face the issue of migration from other countries. The issues that come after the migration are unemployment, communal conflict and political unrest. NRC stands for National Register of citizens. NRC, Assam was a company created in the year 1951. […]
Is it important to be good at GK to crack CA?
By learning the chartered accountancy course the student understands financial statements and tax calculations. Finance is changing as per the evolving trends. Knowledge is not power. The application of knowledge is power. In the modern world, inflation is high. We get data for all the transactions. The point is to use the data in a […]
How was the accounting profession in 2022?
The accounting system is recording day to day transactions and prepares statements. Auditing is checking the final statements and preparing an audit report to convey the company’s financial position to the stakeholders. Auditors do the sample test with a random statement. Depending upon the facts and evidence, they prepare the reports. Auditors understand the different […]
How to clear CMA old syllabus with high marks?
In the year 2016, ICMAI introduced a syllabus. The old syllabus of CMA belongs to the old law and business processes. CMA’s new syllabus will come into practice in 2023. CMA’s old syllabus is about to come to an end. The students enrolled in the old syllabus complete the CMA course between June and December […]
