Chartered Accountants Hub

File Your Income Tax Return Hassle Free

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Hi there, It's tax filing season and a dedicated group of individuals at Bangalore, India are helping people file their tax returns without any hassle to the beneficiaries. You just have to submit your Form 16 for Salary details and any additional details for any other income taxable under your head, and rest is taken care of by them. Below is the snippet of message, sent to us by the team.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2uWe5oRPkBZEOnqjsE-hXIDPoCQECb9BWYeKChA1WiosjBYYWxRm3HQfKsENGk-0CuY_v7JKE_yRxTvddBEuMVqe7iCMB1Rvf9feEYkh8RLc8yzufvdVLvUaM_lBcythb4IqFZbntBrkM/s1600/hassle-free-easy-itr-filing.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="74" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2uWe5oRPkBZEOnqjsE-hXIDPoCQECb9BWYeKChA1WiosjBYYWxRm3HQfKsENGk-0CuY_v7JKE_yRxTvddBEuMVqe7iCMB1Rvf9feEYkh8RLc8yzufvdVLvUaM_lBcythb4IqFZbntBrkM/s640/hassle-free-easy-itr-filing.jpg" width="640" /></a><br />
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"Dear Yagya, As you're already aware, we're into the business of providing tax consultations and filing of income tax returns for various categories of persons viz. Individual, Associations of Persons, Body of Individual, Professionals, etc. whose total income chargeable to the tax is higher than the basic exemption limit set by the Finance Act, 2014.<br />
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In this regard, we'd be grateful if you could publish this message to your dedicated viewers, so that those who are seeking for hassle free income tax return (ITR) filing services can directly contact us and get their return filed at peace.<br />
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We'd be needing the <b>Income details</b> of the individual (Salary Income, Rental Income, Trading of Shares, Trading Business, etc), their <b>PAN card copy</b> and <b>Bank details </b>(A/c No., A/c Type, IFSC Code),  and that should be enough to set us to the work. The assesse/individual will be contacted by our team in case any further clarifications or details are mandated. The charges are nominal as compared to other industry practices starting at just Rs. 400 for ITR 1 [Return filed for salaried employees with one house property and with other incomes (bank interest, etc. except from lottery and horse racing)]. The fee is negotiable and may differentiate from case to case (nature of ITR to be filed, categories of incomes, tax computation to be done, etc.)<br />
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Interested people can send us the details required, as set out above, to our e-mail id <b>casumantiwari</b> [at] gmail [dot] com and/or contact us @ <b>95916 23586</b> for hassle free filing of their return.<br />
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We ensure that proper tax planning is done and the tax payable worked out by us will be the best bargain for you. Further, our filing(s) is reviewed by Charted Accountant, so that you can totally be at ease, while we work out everything from filing of return, payment of tax payable (if any) and refund of tax for you.<br />
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Write to us or give us a call for any queries you may have.<br />
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Hurry up and file your income tax return within the extended due date of 31st August (for Personal Income Tax Return) and avoid any interest or penalties."<br />
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So folks! You heard them right... These people are regular contributors to our blog and I can assure you that they can hold up for what they claim. Thus, if you haven't yet filed your income tax return, here is the chance. Just write to their email or call them and get started right away. You can also drop a comment below for any related queries and we'll make sure your query is attended.<br />
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P.S. Please share this article with your friends and help them with filing of their income tax return.<br />
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File Your Income Tax Return Hassle Free

Hi there, It's tax filing season and a dedicated group of individuals at Bangalore, India are helping people file their tax returns wit...

CA Final and CPT November 2014 Examination Results Declared

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The Institute of Chartered Accountants of India (ICAI) has announced the date on which results of the Chartered Accountancy Final examinations held on November, 2014 and Chartered Accountancy Common-Proficiency Test (CPT) examinations held on December, 2014 is likely to be declared.</div>
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In an announcement dated January 13, 2015 published on the Institute's website on 14th January, 2015, ICAI informed that the results for Chartered Accountants Final Examination held on November, 2014 and Common Proficiency Test (CPT) Examinations held on December, 2014 will likely be declared on <b>Monday, the 19th January, 2015</b> at around 2:00 PM. The same along with merit list can be viewed at the following website: </div>
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<b><u><a href="http://caresults.nic.in/" rel="nofollow" target="_blank">http://caresults.nic.in</a></u></b></div>
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Please, note that for accessing your results at the above website, you'll need to submit details regarding your registration number and/or PIN along with your roll number.</div>
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Further, provision is made such that the candidates wanting to get their results directly on their mail-box, can register an email address at the aforementioned website starting from 14th January, 2014 and get their results directly on their mail-box as soon as the same is declared.</div>
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In addition, facility is provided whereby students can get their results along with marks on their phone via SMS. To receive your result via SMS send a message containing details such as to which examination you attended followed by your six digit roll number to 58888. See specimen message below for reference (replace the number with your roll number):</div>
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<li style="text-align: justify;">CA Finals Students :  <b>CAFNL 000028</b></li>
<li style="text-align: justify;">CA CPT Students: <b>     CACPT 000171</b></li>
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          and send it to <b>58888</b><br />
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You can view the <a href="http://220.227.161.86/36418exam25793.pdf" rel="nofollow" target="_blank">official announcement</a> at ICAI website. </div>
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How anxious are you to get your results? I wish you all the very best for the upcoming results and pray that God Almighty give you the strength to face your results with a strong heart whatever be it!</div>
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CA Final and CPT November 2014 Examination Results Declared

The Institute of Chartered Accountants of India (ICAI) has announced the date on which results of the Chartered Accountancy Final examinat...

Due Date for Service Tax Return Filing for the Period April to September 2014 Extended

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Central Board of Excise and Customs (CBEC), vide Order No. 02/2014-Service Tax, has extended the due date for submission of the Form ST-3 for the period 1st April, 2014 to 30th September, 2014 from 25th October,2014 to 14th November, 2014.<br />
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The normal due date for submission/filing of half yearly service tax returns (Form ST-3) is the 25th of the month immediately following the respective half-year. So, the due date for filing service tax return for the half-year period April, 2014 to September, 2014 is 25th October, 2014. However, in view of natural calamities in certain parts of the country, CBEC in excise of the powers conferred by sub-rule(4) of rule 7 of the Service Tax Rules, 1994, has extended the due date for filing of service tax returns till 14th October, 2014.<br />
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Reference : <b><a href="https://www.aces.gov.in/Documents/ST3_filing_extension_Order.doc" rel="nofollow" target="_blank">ORDER NO. 02/2014-SERVICE TAX dated 24/10/2014</a></b><br />
<b><a href="https://www.aces.gov.in/Documents/ST3_filing_extension_Order.doc" rel="nofollow" target="_blank"></a></b>

Due Date for Service Tax Return Filing for the Period April to September 2014 Extended

Central Board of Excise and Customs (CBEC), vide Order No. 02/2014-Service Tax, has extended the due date for submission of the Form ST-3 f...

Indian Chartered Accountancy Course Structure

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In our previous post, I briefed you about who, why and how to be a chartered accountant in Indian context. Continuing the how part, I'll be detailing few things about the Indian chartered accountancy course in this post.<br />
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Indian Chartered Accountancy course is one of the best professional course in India. It is very well designed and considered to be a complex course by many. In fact, this course has undergone many changes in past six decades and still is in the process of refinement. A separate body called Board of Studies has been formed for designing and distributing study materials and practice manuals along with other materials for the reference of students.<br />
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Previously, 5 years course consisting of PE-I, PE-II and Final has now been re-structured as CPT, IPC and Final and the total duration of course is now reduced to 4.5 years. Below is an overview of these levels and their duration.<br />
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<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 499px;"><colgroup><col style="mso-width-alt: 7314; mso-width-source: userset; width: 150pt;" width="200"></col>  <col style="mso-width-alt: 2998; mso-width-source: userset; width: 62pt;" width="82"></col>  <col style="mso-width-alt: 7936; mso-width-source: userset; width: 163pt;" width="217"></col>  </colgroup><tbody>
<tr height="20" style="height: 15.0pt;">   <td class="xl65" height="20" style="height: 15.0pt; width: 150pt;" width="200"><b>Level</b></td>   <td class="xl65" style="border-left: none; width: 62pt;" width="82"><b>Duration</b></td>   <td class="xl65" style="border-left: none; width: 163pt;" width="217"><b>Passing   criteria</b></td>  </tr>
<tr height="60" style="height: 45.0pt;">   <td class="xl66" height="60" style="border-top: none; height: 45.0pt;">Common   Proficiency Test</td>   <td class="xl66" style="border-left: none; border-top: none;">6 months</td>   <td class="xl67" style="border-left: none; border-top: none; width: 163pt;" width="217">Minimum   30% in each subject and 50% in aggregate</td>  </tr>
<tr height="40" style="height: 30.0pt; mso-height-source: userset;">   <td class="xl67" height="40" style="border-top: none; height: 30.0pt; width: 150pt;" width="200">Integrated Professional Competence (Intermediate)</td>   <td class="xl66" style="border-left: none; border-top: none;">9 months</td>   <td class="xl67" style="border-left: none; border-top: none; width: 163pt;" width="217">Minimum   40% in each subject and 50% in aggregate</td>  </tr>
<tr height="60" style="height: 45.0pt;">   <td class="xl66" height="60" style="border-top: none; height: 45.0pt;">CA Final</td>   <td class="xl66" style="border-left: none; border-top: none;">3 years</td>   <td class="xl67" style="border-left: none; border-top: none; width: 163pt;" width="217">3years of Articleship training + Minimum   40% in each subject and 50% in aggregate</td></tr>
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Common Profeciency Test (CPT)</h2>
Common Proficiency Test is an objective type examination of 200 questions with 1 mark each. It has four subjects for study. There is negative marking of 25% for wrong answers. Blank answers fetch zero marks and correct answers fetch one mark.<br />
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A student who has passed class 10th examination may register with the Board of Studies of ICAI. Student must register for CPT at least 60 days prior to the examination. The student can however appear for the CPT examination only after appearing for 10+2 examination.<br />
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The examination are generally conducted in second sunday of June and December each year across India, in Kathmandu (Nepal) and Dubai. One needs to score 30% on each subject and 50% of total marks to pass the examination.<br />
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<b>NOTE: </b>Student who is Graduate or Post Graduate from Commerce stream having secured at least 55% marks in aggregate with specified subjects is exempted from appearing in CPT. Similar exemption is given to Non Commerce Graduates if they have at least 60% of total marks. Further, Students who have passed Intermediate examination conducted by Institute of Cost Accountants of India or Institute of Company Secretaries of India are also exempted from appearing in CPT.<br />
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These categories of students can directly enroll them for Intermediate (IPC) examination under Direct Entry Scheme and can appear in the exams after undergoing nine months of practical training. However, students who have passed examination conducted by Institute of Cost accountants of India and Institute of Company Secretaries of India can appear in the  IPC examination provided they have registered with ICAI at least eight months before the examination.<br />
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<b>Intermediate (Integrated Professional Competence)</b></h2>
The Intermediate (Integrated Professional Competence) Course comprises of eight subjects divided in two groups. Group I comprises of four Subjects and Group II of four subjects. Desired level of knowledge is Working Knowledge. The total marks of examination is 750, 400 for Group I and 300 for Group II.<br />
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One needs to clear at least Group I of IPC to move to the next level of the course. Further, he/she needs to undergo 35 hours orientation programme and 100 hours Information Technology Training after he is registered for Intermediate but, before he/she can join practical training under a Chartered Accountant.<br />
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<b>CA Final</b></h2>
CA Final consists of two parts viz. <b>3 years of Practical Training</b> and <b>passing of CA Final examination. </b><br />
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</b> <b>Practical Training</b><br />
Three years of practical training (aka Articleship Training) is required to be a qualified Chartered Accountant. During this period one needs to work for a duration of 3 years under a practicing Chartered Accountant or a firm of Chartered Accountant. Also, one needs to undergo two General Management and Communication Skills (GMCS) course during the 3 years period of articleship viz. one during the first and another during the last year of articleship training.<br />
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<b>CA Final</b><br />
Along with practical training, one needs to prepare for CA final examination that consists of eight subjects divided in two Groups; Four subjects in each group. Total marks for Final examination is 800 and one needs to secure 40% in each subject and 50% of total marks in order to pass the exam.<br />
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One is eligible to write CA Final examination after clearing both the groups of IPC and completing 2.5 years of practical training.<br />
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Once you have cleared both the Groups of CA Final Examination along with the practical training requirement and GMCS courses, you'll be a qualified Chartered Accountant. </div>

Indian Chartered Accountancy Course Structure

In our previous post, I briefed you about who, why and how to be a chartered accountant in Indian context. Continuing the how part, I'l...

Chartered Accountant - An Overview

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<b>Who is Chartered Accountant?</b></h2>
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Any individual who is a member of the relevant professional accounting body of his/her nation is a Chartered Accountant. To be a member and designate himself/herself as a Chartered Accountant, he/she has to undergo membership qualification course offered by the relevant institute. In India this governing body or institute is called <b>Institute of Chartered Accountants of India, </b>often abbreviated as ICAI. Indian Chartered Accountancy course is the course offered by ICAI which includes a 4.5 years package of both theoretical and practical education. With this period one is required to sit three different levels of examination and undergo rigorous practical training (aka Articleship Training) for 3 years.<br />
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<b>Why Chartered Accountancy?</b></h2>
Chartered accountancy is a prestigious profession which provides numerous opportunities to earn both name, fame and money. The Indian Chartered Accountancy course is designed in such a way that any individual undergoing this course and qualifying as a chartered accountant becomes expert in various fields such as accountancy, finance, audits, business laws and taxation related matters.<br />
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With this knowledge and experience various career paths open for a Chartered Accountant. One can go for practice and set up his/her own Chartered Accountants firm to provide various consultancy services, help in business formation, statutory compliances and provide auditing and assurance services to various organizations, firms and individual. Or if one chooses not to setup his/her own profession, then he/she can go for salaried positions in various departments such a finance, accounts, costs and/or audit committee, within an organization.<br />
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<b>How to Get Started?</b></h2>
Indian Chartered Accountancy course is actually very easy to get started. You simply need to get yourself registered with the Institute of Chartered Accountants of India and then start preparing for entry level Common Proficiency Test (CPT) course. The good part is all materials will be provided by the Institute upon registering and these materials are so well built that going through them carefully is enough to get you good percentage in exams and you can prepare for the exam through self-study at your home alone. For more detailed information on Indian CA course structure see <b><a href="http://caicaiupdates.blogspot.in/2014/10/indian-chartered-accountancy-course-structure-ca-cpt-ipc-final.html">this article</a></b>.</div>

Chartered Accountant - An Overview

Who is Chartered Accountant? Any individual who is a member of the relevant professional accounting body of his/her nation is a Charter...

Chartered Accountants Hub

File Your Income Tax Return Hassle Free

CA Final and CPT November 2014 Examination Results Declared

Due Date for Service Tax Return Filing for the Period April to September 2014 Extended

Indian Chartered Accountancy Course Structure

Chartered Accountant - An Overview

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