On 1st Nov 2021 Income Tax Department has announced rollout of a new statement - AIS (Annual Information Statement). This (AIS) will give you all details (well almost all!) about YOUR financial transactions during the year.
Post qualifications, newly qualified Chartered Accountants usually have a dilemma either to enter practice or join the industry. However, there are other opportunities too for a qualified CA.
In the case of freshers and for a person who is yet to have a firm footing in the profession, one has to articulate about their academics and skill sets in a document which is called Resume or CV.
Excess of anything can be harmful to our body/mind/soul, you name it. Even if the item is proven to be having many benefits accruing as a result of the consumption.
Filing of tax return within the due date is mandatory to claim specified losses for an individual taxpayer, such as losses from capital gains, business, or profession, etc.
Tax calculated under self assessment is required to be deposited by the assessee before submitting an ITR. The tax so paid shall be adjusted towards the tax liability as ascertained on regular assessment.
As per ICAI, the average salary of a CA in the campus placement, held in Feb-March was Rs 8.40 lakhs p.a. The highest salary package offered was 22.30 lakhs p.a.
From passing the entrance exam, training as an article, clearing the next two levels of the course, one has to go through a lot to become "A Proud Chartered Accountant".
A CA can earn up to 75 lakhs per year in the present (post-pandemic) circumstances, with the lowest packages being around 5-6 lakhs per year.
A rational person can see the presence of CAs in any field. Whether budget planning, tax planning, bookkeeping, investment accounting, or financing etc, requirements for auditors exist in all areas.
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