How Businesses Benefit from Hiring a Chartered Accountant in India

Running a business in India comes with financial, regulatory, and operational challenges. Engaging a chartered accountant in India provides businesses with expert guidance to navigate these complexities effectively. From compliance to strategic planning, a CA can play a critical role in ensuring sustainable growth and financial stability.

Key Benefits of Hiring a Chartered Accountant

A professional CA adds value to businesses in multiple ways:

• Accurate Bookkeeping and Financial Reporting – Maintain transparent and error-free financial records

• Efficient Tax Management – Optimize tax liability and ensure timely filing of Income Tax, GST, and other statutory taxes

• Risk Management – Identify potential financial and operational risks and provide mitigation strategies

• Audit Support – Assist in internal and statutory audits, ensuring adherence to regulations

• Strategic Advisory – Offer insights on investments, cost-cutting, expansion, and overall financial strategy

How CAs Improve Business Performance

Chartered accountants can significantly enhance business efficiency:

• Streamlining accounting and payroll processes

• Reducing compliance-related stress for business owners

• Enhancing cash flow management and budgeting

• Supporting decision-making with accurate financial insights

• Ensuring legal and regulatory compliance to avoid penalties

Examples of Business Scenarios Where CAs Add Value

• Startups seeking guidance on tax exemptions and investment planning

• SMEs managing complex GST filings and vendor payments

• Corporates requiring audit assurance and risk management solutions

• Businesses planning mergers, acquisitions, or financial restructuring

Conclusion

Hiring a chartered accountant in India is more than a compliance requirement—it’s a strategic investment. A skilled CA provides businesses with financial clarity, regulatory assurance, and expert advice to make informed decisions, ultimately driving growth and success.

FAQs

Q1: Can a CA help businesses save on taxes?
Yes—through strategic tax planning, CAs optimize liability while remaining compliant with laws.

Q2: Are chartered accountants necessary for startups?
Yes—startups benefit from CAs in financial planning, compliance, and investment strategies.

Q3: How do CAs assist in audits?
They prepare necessary documents, guide businesses through audit procedures, and ensure adherence to regulations.

Q4: Can a CA advise on business expansion or investments?
Absolutely—CAs provide insights on financial feasibility, risks, and returns to support strategic growth decisions.

Chartered Accountant in India: Why Every Growing Business Needs One

If you're running a business or managing your personal finances, chances are you’ve heard someone say, “You should talk to a Chartered Accountant.” And for good reason. A Chartered Accountant in India isn’t just a number cruncher—they're financial guides who can help you stay compliant, save on taxes, and make smart money moves. Whether you're launching a startup, freelancing, or managing a growing enterprise, having a CA in your corner is a decision you’ll rarely regret.

In this article, let’s break down what CAs really do, why they’re worth the investment, and how to find the right one.

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What Exactly Does a Chartered Accountant Do?

CAs wear many hats, and here are some of the key roles they take on:

• Tax planning & filing: Making sure your taxes are filed correctly and helping you save where possible.

• Auditing: Ensuring your books are accurate and compliant with Indian regulations.

• Business advice: Offering insights to help you grow sustainably.

• Bookkeeping: Managing your financial records and statements.

• Compliance support: Helping you keep up with GST, TDS, and other legal filings.

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Why a CA Is a Game-Changer for Your Finances

Still wondering if you really need a CA? Here’s what they bring to the table:

• Legal peace of mind: No more losing sleep over missed deadlines or tax notices.

• Time back in your day: Focus on what you love while your CA handles the paperwork.

• Smart savings: CAs know the tax code inside out and can help you save legally.

• Growth-ready advice: From funding to expansion, they’ve got your back.

• Audit readiness: Be confident if the taxman ever knocks.

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How to Pick the Right Chartered Accountant for You

Finding a good CA is like finding a good doctor—someone you trust and feel comfortable with. Here's how to start:

• Check if they’re registered with ICAI (Institute of Chartered Accountants of India).

• Ask about their experience, especially with clients in your industry.

• Don’t hesitate to ask for testimonials or client reviews.

• Be clear about pricing—know what’s included.

• Make sure they’re approachable and communicative.

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FAQs – You Asked, We Answered

Q1. What qualifications does a Chartered Accountant have?
A CA must pass the ICAI exams and complete practical training known as articleship.

Q2. Can a CA help with personal taxes too?
Absolutely. Whether it’s tax returns, investment planning, or saving schemes, a CA is your go-to person.

Q3. I run a small business. Do I still need a CA?
Yes. Even if you're just getting started, a CA can help avoid costly mistakes.

Q4. Is there a difference between a CA and a tax agent?
Yes. While both can assist with taxes, a CA can also audit accounts and provide broader financial guidance.

Q5. How much does a Chartered Accountant usually charge?
It depends. Simple returns may cost ₹1,000 to ₹3,000, while business services may vary based on complexity.

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Final Thoughts

In today’s complex financial world, having a Chartered Accountant in India by your side can make all the difference. They’re more than just professionals—they’re partners in your financial journey. From getting your taxes right to scaling your business smartly, a good CA brings value that goes well beyond spreadsheets.

Take the time to find one who understands your goals, and you’ll thank yourself later.

Chartered Accountants in India: Your Trusted Financial Advisers

Chartered Accountants (CAs) are highly respected financial professionals in India. They play a vital role in the Indian economy by ensuring the accuracy and reliability of financial reporting, providing tax advice, and supporting businesses of all sizes. If you're looking for a trusted financial advisor to help you with your business or personal finances, a Chartered Accountant in India is a great option.

What is a Chartered Accountant?

A Chartered Accountant in India is a professional who has met the rigorous educational and experience requirements set by the Institute of Chartered Accountants in India: of India (ICAI). CAs must complete three levels of exams, including a foundation course, an intermediate course, and a final course. They must also complete three years of practical training under the supervision of a qualified CA.

What services do Chartered Accountants in India provide?

CAs provide a wide range of services, including:

Auditing: CAs are qualified to audit the financial statements of companies to ensure that they are accurate and reliable.

Taxation: CAs can help you with all aspects of taxation, including filing tax returns, claiming deductions and credits, and planning for tax efficiency.

Accounting: CAs can provide accounting services such as bookkeeping, payroll, and financial reporting.

Consulting: CAs can provide consulting services on a variety of topics, such as financial management, business planning, and risk management.

Why choose a Chartered Accountant?

There are many reasons to choose a Chartered Accountant in India as your financial advisor. Here are just a few:

Expertise: CAs have a deep understanding of accounting, taxation, and financial regulations.

Experience: CAs have years of experience working with businesses and individuals of all sizes.

Ethics: CAs are bound by a strict code of ethics that ensures they act in your best interests.

Regulation: CAs are regulated by the ICAI, which ensures they maintain high standards of professional conduct.

How to find a Chartered Accountant

If you're looking for a Chartered Accountant, you can search the ICAI's website directory. You can also ask your friends, family, or business associates for recommendations.

Conclusion

Chartered Accountants in India are valuable assets to businesses and individuals alike. If you're looking for a trusted financial advisor who can help you achieve your financial goals, a Chartered Accountant in India is a great option.

About Raaas

Raaas is a leading provider of financial services in India. We offer a wide range of services, including accounting, taxation, and financial planning. We are committed to providing our clients with high-quality, personalized service.

We hope this blog post has been helpful. If you have any questions, please feel free to contact us.

Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor to discuss your specific needs.

Clarification regarding transfer of Input Tax credit in case of “Death of sole proprietor

A registered Taxpayer can apply for transfer of Matched Input tax credit that is available in the Electronic credit ledger of taxpayer to another business/another registered taxpayer in case of transfer of business by way of merger/demerger/sale of business by filling of ITC declaration in FORM GST ITC‐02.

But some doubts had been raised about the transfer of credit specially in the case of death of Sole Proprietor for which clarification has been asked, which are as follows:‐
1. Whether transfer of business due to “Death of Sole Proprietor” includes in the meaning of “transfer of business” for the sake of transfer of unutilized Input Tax credit to transferee of business.
2. Further clarification has also been sought for procedure regarding filling of Form GST ITC‐02 in case of death of the Sole proprietor.
Government has issued Clarification through Circular No.‐96/15/2019‐GST on 28th of March, 2019.
Clarification for Point‐1:‐Transfer of Business due to “Death of Sole Proprietor” includes in the reason for Transfer of business for the sake of transfer of unutilized Input Tax credit to transferee of business?

Clause (a) of Subsection 1 of Section 29 provides the reason for transfer of business which includes:‐

1. Death of Proprietor,
2. Amalgamated with Other legal entity,
3. demerged or
4. Otherwise disposed off

As mentioned above Reason for Transfer of business clearly includes “Death of Sole proprietor”. Therefore, Unutilized Matched Input tax Credit of Registered Taxpayer can be transferred to another registered entity for the reason of “Death of Sole Proprietor”.
Conditions to be fulfilled for the transfer of Input tax credit to another registered entity due to change in ownership of business:‐

• In case of registered person undergoes sale, merger, de‐merger, Amalgamation, Lease or transfer, the institution or organization, must file an ITC declaration for transfer of ITC in Form GST ITC‐02
• The Transferor institution had matched the Unutilized amount of ITC in Electronic credit ledger
• The Transferee and Transferor both should be Registered Taxpayer under GST
• Transferor Must file all the GST returns of past periods
• All the pending transactions for the action of merging should either be accepted, rejected or modified and all liabilities of the returns filed by the transferor must be paid
• The transfer of business has to be with an accurate provision of transfer of liabilities which will be the stayed demands of tax, or with any litigation /recovery cases. It has to be accompanied by the certificate that is issued by the Chartered Accountant or Cost Accountant

Clarification for Point 2:‐Procedure for filling Form GST ITC‐02 in case of “Death of Sole Prioprietor”
`In case of death of sole proprietor, if the business is continued by any other person being the transferee/Successor, the unutilized ITC amount remains in the electronic credit ledger shall be transferred to the transferee as per the provisions and manner stated below:‐

• Registration of Transferor/Successor: ‐
  Transferor/Successor shall be liable to be registered with effect from the date of such transfer or Succession, where a business is transferred to another person for any reasons including death of proprietor. In other word while filling the Form GST REG‐1 electronically on common portal (http://www.gst.gov.in) the applicant is required to mention the reason to obtain registration as “death of the proprietor”.
• Cancellation of registration on account of death of proprietor:‐The legal heirs of the deceased sole proprietor is allowed to file FORM GST REG‐16(form for cancellation of registration) electronically on common portal on account of transfer of Business for reason of death of proprietor. While filling FORM GST REG‐16 following need to be mentioned
• – reason for cancellation as Death of the proprietor
• – The GSTIN of the transferee to whom the business has been transferred, to link the GSTIN of the transferee with The GSTIN of theTransferor
• Transfer of Input Tax credit along with the liability:‐ It is clarified in the circular that the transferee / successor shall be liable to pay any tax, interest or any penalty due from the transferor in cases of transfer of business due to death of sole proprietor.
• Manner of Transfer of Credit: In case of Transfer of business on account of “Death of Sole Proprietor” Following will be the procedure:‐
  1. The transferee / successor shall file FORM GST ITC‐02 in respect of the registration which is required to be cancelled on account of death of the sole proprietor
  2. FORM GST ITC‐02 is required to be filed by the transferee/successor before filing the application for cancellation of such registration
  3. Upon acceptance by the transferee / successor, the un‐utilized input tax credit specified in FORM GST ITC‐02 shall be credited to his electronic credit ledger.

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CHARTERED ACCOUNTANT IN INDIA | ACCOUNTING SERVICES IN DELHI

E-COMMERCE POLICY -CHANGES AND EFFEC

What is e – commerce ?
E-commerce means buying and selling of goods and services including digital products over digital & electronic network.

What is E- Commerce Policy?
Policy of Foreign Direct Investment (FDI) in E-commerce sector as provided by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India in Para 5.2.15.2 of Consolidated Policy Circular 2017.(https://dipp.gov.in/sites/default/files/CFPC_2017_FINAL_RELEASE D_28.8.17.pdf)

What is e –commerce entity?




CHANGES IN E-COMMERCE POLICY







EARLIER(Consolidated FDI Policy Circular of 2017 )
Cashback and discriminating prices:- No such Clause

Now [As per Press Note No.- 2(2018 series) Applicable w.e.f.-1st February,2019]
Provision of services to any vendor or such terms which are not made available to other vendors in similar circumstances will be deemed unfair and discriminatory. Cashback provided by group Companies of market place entity to buyer shall be fair and nondiscriminatory.

Essence
Low cashback and approximately equal prices for products. The policy prohibits ecommerce platforms from giving any preferential treatment to any supplier.

Effects of changes in Policy
Adverse Effects
1. Deep discounts disappears: Big online sales may disappear and one of the main method of attracting customers i.e. deep discounts on Flipkart or Amazon may not be usable now.
2. Buyers inconvenience :- Customers will now have to check other shopping websites and even may have to Switch to real shops. Now buyers may have to visit the traditional street side shop to get better prices and discounts.
3. End of Cashbacks:-the buyers whose buying decisions get affected on the basis of cashback available would have great impact as the guidelines imply the end of cashbacks.
4. End of exclusive deals:- New policy clearly prohibits E –commerce entity to force any vendor to sell products only on its platform. This clearly means end of ‘exclusive/prime deals’ which are generally run by Flipkart and Amazon India.
5. Lack of choice:-The new policy prohibits entities from selling its products on e-commerce platform, in which the e-commerce platform has an equity investment.This implies choice would be reduced due to this provision.

Gainers from New E-commerce policy:-
Retail stores: New guidelines restricts discounts and cashbacks will help Retail stores i.e.brick-andmortar retailer retain customers.

Small ecommerce companies:-To compete with giants like Amazon/Flipkart, smaller ecommerce companies don’t have enough money .These Small e –commerce Companies will stand to gain from the new norms .

Small sellers:-an ecommerce platform which provide any service– logistics, warehousing or easy financing options – will now have to offer to all sellers and no preference would be given to any particular seller.


If you have any Query? Click here | CHARTERED ACCOUNTANT IN DELHI

MSME(Micro ,Small & Medium) Enterprises Registration Process

Registration Process

• The SME (Small and Medium Scale Enterprises) owner needs to fill a one-page form(UDHYOG ADHAAR MEMORANDUM) that
  he can do either online or offline. For online registration, the applicant should visit the official website: http://www.msme.gov.in
• In this form, the MSME has to self-certify its existence, details of the business activity, bank account, ownership and
  employment details and other information
• no registration fees are required to be paid for this process
• After filling the details and uploading the same, the registration number would be generated and the same would be mailed
  to the email address given in the UAM(UDHYOG ADHAAR MEMORANDUM) which should contain unique UAN (Udyog Aadhaar
  Number)

Benefits of MSME Registratioin
Registration is NOT yet made mandatory by the Governmentbutitis beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation , setting up the business , credit facilities, loans etc.

Following are the benefits of Registration of MSME:-
• FINANCIALS BENEFITS :
1. After registering MSME, the applicant will receive the benefits of all the government schemes such as an easy
loan, loan without guarantee, loans with subsidized rates of interest etc.
2. The applicant will receive financial support for participating in foreign expos to showcase their products
3. MSMEs there are no requirements of security money, earnest money, turnover requirement etc in the
government tenders
4. A hefty 50% subsidy on Patent registration

• STATUTORY SUPPORT :
http://1.As per section 15 of MSME Act,2006 Buyer from Micro & Small Enterprises(MSE) shall make payment within the
period agreed upon(not more than45 days).Also as per section 16,if buyer fails to make payment to MSE as required
in section 15 ,buyer shall be liable to pay compound interest with monthly rest to supplier from the date agreed
upon at 3 Times of bank rate notified by the The RBI.
2.RESERVATION POLICY: Reservation of products for exclusive manufacture in the small scale sector

• TAXATION BENEFITS :
1.Excise Exemption Scheme(Depending on business)
2. Presumptive taxation scheme under section 44AD of the Income Tax Act
3. A small-scale unit established in a backward area, under Section 80-HH, is allowed a deduction of 20 per cent on
its profits and gains subject to some conditions.

Some of the MSME schemes launched by the Government are:
• Performance and Credit Rating Scheme
The purpose of rating scheme is to provide a trusted third party opinion on the capabilities and creditworthiness of the micro & small enterprises (MSEs ) so as to create awareness amongst MSEs about the strengths and weakness of the irexisting operations. Rating fee payable by the MSEs is
subsidized by the Government to the extent of 75% subject to maximum ceiling of Rs. 40000/- based on the turn over of the unit.

• Credit Guarantee Trust Fund for Micro & Small Enterprises (CGT SME)
Ministry of Micro, Small and Medium Enterprises and Small Industries Development Bank of India (SIDBI) jointly established a
Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in order to implement Credit Guarantee
Scheme for Micro and Small Enterprises. The corpus of CGTMSE is contributed by Government of India and SIDBI. 75% of the
loan amount to the bank is guaranteed by the Trust Fund. Collateral free loan up to a limit of ₹ 100 lakh is available for
individual MSE on payment of guarantee fee to bank by the MSE.

• Credit Linked Capital Subsidy for Technology Upgradation (CLCSS)
CLCSS provides 15% subsidy for additional investment up to ₹ 1 cr for technology upgradation by MSEs. Technology
upgradation would ordinarily mean induction of state-of-the-art or near state-of-the- art technology. In the varying mosaic
of technology covering more than 7,500 products in the Indian small scale sector.

• Export Market Promotion (EMP)
Coir Board is implementing Export Market Promotion with a view to improve the export performance of Indian Coir Sector
through various export market promotion activities such as sponsoring delegations; participation in seminars and
conferences; organising participation in international fairs; undertaking generic publicity abroad; extending financial
assistance to Micro, Small and Medium Enterprises and Exporters; presenting Coir Industry Awards on an annual basis to
recognize the outstanding performance in the areas of export; domestic trade; R&D and functioning of units and societies.

• Bank Credit Facilitation-Schemes of National Small Industries Corporation (NSIC)
To meet the credit requirements of MSME units, NSIC has entered into a Memorandum of Understanding with various
Nationalized and Private Sector Banks. Through syndication with these banks, NSIC facilitates MSME in accessing credit
support (fund based or non-fund based limits) from the banks. NSIC assists MSMEs in completion of the documentation for
submitting the proposals to the banks and also does the follow up with the banks. These handholding support are provided
by NSIC without any cost to the MSMEs

• Statutory Compliance requirement After Registering as MSME:-
There is no such separate Statutory compliance to be fulfilled by Enterprises Registering as MSME.
• Renewal of Certificate for registering as MSME:-
There is no renewal requirement of certificate received for registering as MSME .

MSME registration in India

WHAT IS FINANCIAL AUDITING?

Audits are all about Checks, Controls and assurance, which may be complied statutorily or even be held voluntarily by the entity to assure the true view of business in terms of finance. You can rely on us for end to end audits and assurance services. Be it related to about Financial Statements, business processes or Information Technology.

Financial auditing

Financial auditing is the process of examining an organization's (or individual's) financial records to determine if they are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws.

As per many Acts in India, Audit of Financial Statements is one of the most important compliances. A whole outlook of the company and its management, even the valuation depends upon Audited Financial Statements.

An audit may also be classified as internal or external, depending on the interrelationships among participants.

Areas covered in Financial auditing:

• Internal control analysis.
• Reporting weaknesses in the internal controls.
• Suggestion and consulting on transactions of complex nature.
• Drafting Audit policy according to clients’ structure and legal set-up.
• Measuring effect of International and Indian Standards on Auditing.
• Analyzing applicable compliances according to corporate and taxation regulations.
• Appropriate documentation.
• Filings of Financial Statements to various Government offices after audit.
• Assisting Audit committees.
• Updates required from point of view of regulations.
• Advising on IFRS and its applications and International Standards on Auditing.
• IFRS Consultancy and convergence.

Raaas is top auditor in India and best known for their audit services. We provide Stock Audit in India, Tax Audit in India, TDS Audit in India, Tax Audit in Delhi etc.

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Auditing And Assurance Service in India

Auditor in India

Ruchi Anand And Associates have skilled and experienced Chartered accountant in India. We provide Company auditors in India, audit and assurance services related to controls around the financial reporting process, including financial business process and IT management controls. We are the best auditors in India for accounting and auditing services. 
At Ruchi Anand & Associates, we offer you with following audit and assurance services in Systems and system controls audit:

• Corporate governance.
• Appraisal of Infrastructure security.
• Evaluation of general IT controls.
• Assistance in documenting or testing internal controls over financial reporting.
• Data quality reviews.
• Project assurance services.
• Designing, implementation and testing of controls.
• Due diligence of systems and controls.
• Evaluation of Database security controls.
• Compliance with prescribed regulatory requirements.
• Finding weaknesses and possible design enhancements in control structure.
• Production of process flow diagrams and documentation .
• Reviews on Financial and operation applications/business process controls.
• Systems – pre- and post-implementation reviews .
• Opinion Services including Third party assurance.
• Third party reports / opinions e.g. internet gaming, web seals.
• Independent assessment of General Computer Control (GCC).
• IT Risk & Controls - GAP Identification & Analysis.
• ERP Effectiveness Evaluations.
• ERP implementation reviews.

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