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

Withdrawal of GST exemption on Room Tariff will...

June 30, 2022

VIA-LEW organized program on Recent changes in Income...

June 30, 2022

Seminar on amendments in GST and compliances in...

June 30, 2022

GST new rates, check list of items, services...

June 30, 2022

Isha Ambani to become chairman of Reliance conglomerate’s...

June 29, 2022

Power Deptt, Adani group sign MoU, Generation of...

June 28, 2022

Mukesh Ambani resigns as Director of Reliance Jio

June 28, 2022

Session on  Succession Planning, Will, recent changes in Income...

June 26, 2022

Income Tax dept issues guidelines: TDS on crypto...

June 23, 2022

Technical Seminar on “Single Use plastic”

June 21, 2022

Trending News

  • Rise in COVID cases, India reports 18,819 positive in last 24 hours

    June 30, 2022
  • First batch of pilgrims leaves for Amarnath Yatra

    June 30, 2022
  • India bans single use plastic, to be in effects from July, check list of ban items

    June 28, 2022
  • Drop in COVID cases, India detects 11,739 positive in last 24 hours

    June 26, 2022
  • Fake! NPCI clarifies on fraud claim videos on Fastags

    June 26, 2022

Important Links

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

Available on Playstore & Coming Soon on Appstore

Search

October 2019
M T W T F S S
« Sep   Nov »
 123456
78910111213
14151617181920
21222324252627
28293031  

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
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.