Charted accountancy is a profession that is one of the most popular professions of the country. Apart from being popular this profession is extremely respectable. This is due to the fact that people in the country are very few in number that area engaged in this field and they are someone who is an expert in their field. They are someone who has a tremendous amount of knowledge in the field of taxation. They are also familiar with the practices of corporate laws. They help in making statutory compliances of the company or an individual. There are various returns of the company or the person who have to comply with the laws of the finance ministry of the country. The compliances are required to be done at various intervals that are either quarterly, half yearly, annually, monthly or event based. So as a layman a person cannot pay heed to each and every aspect and pay attention to all the knowledge of the subject.There are many charted accountants in India that are earning huge sums of money by taking the business
So as a matter of fact we will have to go to someone who has an expertise in the field of taxation. Taxation is something that is a complex subject matter and its interpretation of the same is something that can be done by someone who has knowledge of the subject or has a professional degree in the field of charted accountancy. There are changes that rare made in the laws of tax at various levels in the country so it is very important for a CA to blend in the knowledge and be current and contemporary in the field. There are many charted accountants in India that are earning huge sums of money by taking the business of various top companies of the country because this is more of a necessity rather than a want because almost everybody has to file the returns of the income tax. There are many top CA firms in India. One should always prefer availing services form a professional who is an expert in the field.
The major reason of this matter is that it is better to get the work properly and audit of the financial statements in a proper manner so that there are not any clerical errors or mistakes found in the same because if later on any error is found by the government in the accounts of the company during for any period of filing a huge penalty shall be imposed on the company and this can also cost them a fortune. There are many benefits of choosing CA as a profession which are as follows: -
One can open an Accounting firm in India and can have a bright future ahead.
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