Chandan Agarwal - Chartered Accountant Kolkata's Blog

A person with experience in accounting, auditing, taxation, etc. is called a chartered accountant. Although there are many good chartered accountants on the market, we must select one that best fits the needs of our particular type of business. When preparing to launch a business, speaking with a chartered accountant can help you acquire clarity on crucial issues early on and avoid pitfalls later. The right accounting framework is created for your startup by CA Chandan Agarwal & Co . professionals. Several reasons to hire the CA Here are several justifications for hiring a chartered accountant for your company: The most significant thing for you will be knowing that your money is in safer hands when a chartered accountant handles your company's accounts. due to the laws and compliance guidelines that all chartered individuals must abide by. You may rely on them to handle your finances. Whether an entrepreneur wants to form a corporation, LLC, partnership, or sole proprietorshi...

Most of us find the tax system as a gullible one and we feel that avoiding tax-related matters is more comfortable always. But, it is not the right thing. When you think of yourself as a responsible citizen of India, there are a few things that you cannot ignore and the tax system is one of those things. Today, we will discuss why the direct tax system is more important compared to the indirect tax system. You can consult with a tax advisor in Kolkata to widen your knowledge regarding this matter. CA Chandan Agarwal & Co . is the best place to get to know more about direct and indirect taxes and how they impact our economy.  Why Direct Tax Is Progressive? Moving forward to the topic of why direct tax is considered more important than indirect tax. Direct tax is the tax that is levied on the income of the people of India. Be it business income, corporate income, capital gain, and/or personal income; it does change the fact of paying your tax. On the contrary, indirect tax is col...

  In today's professional world, there are experts in every sector available to help and direct a layperson. For a taxpayer, filing taxes can be challenging and frustrating if done at the last minute. Every year, adjustments are made to the income tax slab rates as well as the Income Tax Act's rules and regulations at the start of the fiscal year. In today's professional world, there are experts in every sector available to help and direct a layperson. For a taxpayer, filing taxes can be challenging and frustrating if done at the last minute. The need of the business tax consultant In the modern professional environment, a layperson can get assistance from and guidance from experts in every field. If done at the last minute, filing taxes can be difficult and irritating for the taxpayer. The Income Tax Act's laws and regulations, as well as the income tax slab rates, are adjusted each year at the beginning of the fiscal year. In the modern professional environment, a lay...

Tax planning is a crucial aspect of financial management for both individuals and businesses. With the expertise of Chartered Accountant Chandan Agarwal, we delve into key strategies that can help individuals and businesses optimize their tax liabilities while ensuring compliance. 1. Understanding Tax Deductions and Credits   Chandan Agarwal emphasizes the significance of understanding available deductions and credits. For individuals, this might involve exploring deductions related to investments, education, and healthcare. For businesses, research into deductions for operational expenses, research and development, and employee benefits can result in substantial savings. 2. Leveraging Retirement Accounts   Individuals can strategically contribute to retirement accounts such as 401(k)s or IRAs to lower their taxable income. Chandan Agarwal advises clients to take full advantage of employer matching contributions, effectively reducing their tax burden while securing their finan...

Indirect taxes are levied on services and commodities and are obtained by middlemen such as manufacturers, wholesalers, and retailers. In contrast to direct taxes, which are paid to the government by people or companies, indirect taxes are passed on to the ultimate consumer as part of the final price. As a result, indirect taxes are an important part of every country's overall tax structure and revenue generating system. CA Chandan Agarwal & Co. can help you guide with the complete indirect tax knowledge. What exactly is indirect tax? Consumers pay these forms of taxes on their purchases, but they do not pay them directly to the government (unlike income tax). For example, when we buy a goods, we pay VAT and other taxes. Indirect Tax Components: Indirect taxes are made up of numerous components, each of which performs a distinct role in the tax system. These are some examples: The base rate is the percentage of tax charged on the value of goods or services. It varies a...

On May 19, 2023, the Reserve Bank of India (RBI) announced that the Rs 2000 denomination banknotes will be phased out of circulation. While existing notes remain legal money, the RBI has extended the deadline for depositing or exchanging them until September 30, 2023. This judgment has sparked several inquiries and debates around the country. In this post from a reputed chartered accounting firm in India, CA Chandan Agarwal & Co . , we discuss the reasons behind this decision.   Why Did The Reserve Bank Of India Ban The 2000 Rupee Note?   Controlling Black Money -   One of the primary motivations for banning the 2000 rupees note is to address the issue of black money, which refers to unknown income or wealth that avoids taxation. The government wants to decrease the storage of unknown funds by banning the usage of 2000 rupee notes, which become a threat among individuals engaging in illegal businesses.   Boosting Digital Transactions -   This effort ...

 The process of evaluating and selecting an appropriate accounting firm for your company should not be taken lightly. You must look beyond what you already know about the chosen firm and delve deeply into the credentials and skills of the firm and its personnel. How should it be done? Well, I might have a few recommendations. Here are five suggestions for choosing the best accounting firm for your company. So, without further ado, let's look at what we've got here. Things to check before hiring -It is critical to inquire about their prior experience in this subject. This will provide useful information about their skill sets. Check to see whether the candidates are licenced before proceeding with the recruiting procedure. CA Chandan Agarwal and Co . is a licensed chartered accountant firm you must consider. •CA experts - From startup advice to acting as a trustee in the event of receivership, insolvency, or bankruptcy •Certified Management Accountants (CMA) •CGA stands for Cert...