Chandan Agarwal - Chartered Accountant Kolkata's Blog

  TAN, TIN, and/or PAN – these terms generally confuse us most of the time. We come across these terms when we get to file income tax returns every year. If you are one of those who get confused with these terms before filing your ITR, you can certainly contact CA Chandan Agarwal & Co in Kolkata at your earliest. A professional accountant or chartered accountant can better make you understand these terms. Still, if you want to acquire basic knowledge on TAN, TIN, and PAN, we request you to go through the blog in full. It will take only 2 minutes for you.  What are TAN, PAN, and TIN? PAN : More or less, everyone today is known by the term PAN. The full form of PAN is Permanent Account Number. Every taxpayer needs to have a 10-digit PAN card. The card is issued by the Income Tax Department of India under section 139A and the income tax act 1961. The number is used for various financial transactions in India. To fill ITR and claim depreciation, a taxpayer in India must have...

To make the income tax return process easy and fast, the Indian income tax department has categorized ITR forms into many forms. Counting on the income type, the taxpayer needs to fill out the income tax return forms. If it is your first time to fill an ITR form and you do not have any idea about it, CA Chandan Agarwal in Kolkata can help you in this regard. Types of ITR Forms ITR reports the income, expenditure, and additional relevant tax information of a taxpayer. Also, ITR helps how a taxpayer can plan his/her tax payment as well as request for refund if he/she overpays. So, based on the mode of income and the income amount, the Income Tax Department of India has defined 7 types of income  tax return forms. Let us have a look, 1. ITR-1 – ITR-1 is also known as SAHAJ. This ITR form can be filled out by resident Indians. Though, there are a few conditions to match. 2. ITR-2 – The form is for individuals and HUFs (Hindu Undivided Families) who earn more than 50 lakhs in a year....

Does anyone prefer to pay tax? No doubt, most of us like to evade it to save our hard-earned money. Well, the good news is if anyone earns below the exemption limit set by the income tax department in your country, then you don’t need to pay income tax. Even, you don’t need to file an income tax return too. But, do you know that you can earn benefits by filing a nil income tax return? Yes, you heard it right. You can also contact a professional CA like Chandan Agarwal in Kolkata in this regard to acquire more information. NIL ITR File Benefits It is time to know why you should file an income tax return even if you are earning below 2.5 lakhs; below the exemption limit. 1.     Claim Tax Refund : Often, the bank deducts TDS from the FDR even if you are earning below 2.5 lakhs. In this case, you can claim for TDS deduction counting on the tax file return. 2.     Authenticate Your Income : An ITR, whether it is nil or taxable is a genuine legal document to authenti...

It’s good news that you are going to start your business. So, are you thinking of doing all official jobs alone? Do have previous experience in handling accounts and all? If you don’t have one, this is time to hire a chartered accountant. A chartered accountant like Chandan Agarwal in Kolkata can genuinely help your new business to step up the ladder of success. Chartered Accountant’s Role In this blog, we would know how a chartered accountant helps in setting up a business. Let us have a look, 1.     Planning Related to Business : A chartered accountant hardly makes mistakes to provide a financial prediction. He does it by counting on the current market, products, taxation policy, and so on. He uses his real-time experience plus knowledge to help his client in increasing the profit margin from the beginning of a business. 2.     Registration Process & Legal Structures : The company registration process goes simple when an experienced person takes c...

In the modern age, we frequently celebrate some special day to make it unforgettable in our lives or to express our gratitude for some exceptional person or special service. Among all those special days, every year on July 1st, we celebrate National Chartered Accountant Day and the great famous CA   Chandan Agarwal , for his contribution to the financial challenges individuals and professional firms face. But do you know why we celebrate Chartered Accountant Day on July 1st every year in India? Please read this blog post to obtain the answer and learn more about CA Day in India. History Of CA Day In India Before independence, the British administration in India kept accounts following the rules of the Companies Act. The auditor assigned to this role was intended to be qualified, but over time, the designation mutated into numerous degrees in an environment where the accounting profession was mostly uncontrolled, creating uncertainty about auditor credentials. Following Indi...

It’s always essential to update your tax file yearly within time. whether you are a small business owner or you have a medium or large business, updating tax files and monitoring your accounts is always important. It helps you to run your business without facing any problems. Many business owners are not from a commerce background. For them maintaining their accounts daily wise, like expenses, receiving money, maintaining balance sheet, and trial balance are quite complicated and for them, Chandan Agarwal from Kolkata is always the trusted name. Why choose CA to maintain accounts? If you will choose an experience CA firm for maintaining your accounts then you have taken the right decision.    CA is someone who has already passed and certified and authentic people and who signed your balance sheet and fill up your accounts details and submit your tax online. Once you will hire Chandan Agarwal you don’t need to worry about the tax file, accounts, balance sheet, ledger, etc. C...

  Whether you have a small firm or a large firm, audits and assurance are very important for every business. To run any business proper financial knowlege is always plays an important role. It helps to handle tax issues and audit your company's expense and control it. For this reason, there are many small to large companies that prefer hiring an experienced charter accountant to handle their financial matter. Many firms are offering audit and assurance services all the time. The name  Chandan Agarwal   is popular in this field. Available in different ways!   Chartered accountants always practice in different professional ways. if you will hire a financial individual accountant then they have limited knowledge but if you will hire a chartered accountant from a reputed firm then they don't have any limit. Chartered accountants always provide you service in different ways which create a good impact on your business. It's essential to get advice from an expert for ...