The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Business

Discipline is the key to success- CA Vikram Shah

by TLN Team October 4, 2019October 5, 2019
written by TLN Team October 4, 2019October 5, 2019
Get the latest Nagpur Business news and updates about the city’s economy, business, and market. For an exclusive & live updates from the Nagpur, stay connected with THE LIVE NAGPUR.

Passion for profession keeps CA motivated to enhance their technical knowledge in their respective domain, said CA Vikram Shah, Senior practicing Chartered Accountant, while speaking as Chief Guest at Seminar on Tax Audit organized by Nagpur Branch of WIRC of ICAI. Seminars and study circles are very important for upgradation of knowledge in ever-changing systems of law to encash new professional opportunities. One has to be disciplined to develop expertise in their respective work.

Chartered Accountancy is one of the disciplined profession which has maintained ethics in all compliances he said. Tax Audits under the  Income Tax Act, 1961 has given an opportunity to the Chartered accountants fraternity to serve the govt. for implementing the defined tax policies.  Tax Audit Report given by the CA helps the department to finalise the assessment of the assessee in smooth and time-bound manner.  Nowadays the responsibility of the profession has increased many folds, so he cautions the members to update themselves for proper and correct reporting.  He appreciated the efforts of Nagpur Branch of organising various seminars for the benefit of the members.  He shares his experience and case studies with the members to enhance their knowledge and confidence.  He stated that government has opened lot of professional opportunities for CA professionals by incorporating provision of compulsory Tax audit under the Income Tax Act.

In the modern era of technical advancement, assessment is becoming faceless now, so now the responsibilities of a CA has increased multifold, said CA Suren Duragkar, Chairman of Nagpur Branch of WIRC of ICAI. To match space with the dynamic changes and compliances we should adopt digitalization. Chartered Accountants always believe in quality reporting. He welcomed chief guest CA Vikram Bhai Shah and both speakers for the session CA Ajay Singh and CA Namrata Nimodiya.

CA Abhijeet Kelkar, Regional Council Member of WIRC of ICAI, in his remarks stated, how CA’s have the privileged to be the auditor of assesse in case of statutory tax audit cases as compared to other professions and they have proven their commitment and quality. Ever since tax audit has come in force, the reporting responsibilities have increased year on year. CA Institute keep CAs updated about the recent changes in law which helps members to report with utmost accuracy.  CA’s are also required to submit details of signed documents in unique document identification number (UDIN), which ensures no fake non-professionals should mislead the stakeholders.

Both the speakers, CA Ajay Singh and CA Namrata Nimodia elaborated about different clauses of Tax Audit report and also discussed about various changes in the report and practical intricacies with the Members present. They have effectively discussed the various recent and important case laws while deliberating on the subject of tax audit to clear the intention of the provisions of the Law.

Akshay Gulhane, coordinated the event, while CA. Saket Bagdia, Secretary proposed formal vote of thanks.

Prominently present on the occasion were CA Saket Bagdia, Secretary, CA Jiten Saglani, Treasurer, CA. Harish Rangwani, Executive Committee Member, CA Julfesh Shah, Former Vice Chairman of WIRC of ICAI, along with more than 100 chartered accountant members.

Get the latest Nagpur Business news and updates about the city’s economy, business, and market. For an exclusive & live updates from the Nagpur, stay connected with THE LIVE NAGPUR.

city newslive nagpurnagpurnagpur business news
0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Tekchand Sawarkar BJP candidate from Kamptee
next post
RBI: NEFT will soon be available for 24 hours

You may also like

Interaction Meeting with Ms Ebtesam Alkaabi, Head of...

September 20, 2023

Promoting Peace through Literature and Music- Eminent Scholars...

September 17, 2023

Industry meet on Sept 17

September 15, 2023

Loans for Maratha entrepreneurs available through Annasaheb Patil...

September 14, 2023

WCL and Vensar ink MoU for Walani underground...

September 12, 2023

VIA LEW Session on CRM – The Golden Pot...

September 11, 2023

Badjate Stock & Shares Pvt. Ltd. leads the...

August 30, 2023

Booking of Stalls for VIALEW 26th “Udyojika – An...

August 28, 2023

Rajesh Sarda elected as new president of Steel...

August 27, 2023

Char-Choughi Expo received good response

August 23, 2023

Trending News

  • Heavy Rain – Alert by NMC

    September 23, 2023
  • Holiday announced for schools & colleges in Nagpur district

    September 23, 2023
  • DCM Devendra Fadnavis is continuously monitoring the heavy rain situation in Nagpur.

    September 23, 2023
  • Streets, Houses Submerged After Heavy Rain In Nagpur

    September 23, 2023
  • National Cinema Day will allow viewers to watch movies for Rs99 per admission

    September 22, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.