08 Dec 2016
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Upcoming Deadlines

CARO, 2016

Our recent publication, CARO, 2016! A comprehensive questionnaire to ascertain compliance with requirements of CARO, 2016!


As for what other people think of me, I could worry about that every day, but choose not to.

Wendi Deng Murdoch

About Us

The firm was established in 1964 by, Late Shri Kantilal V. Patel (1925-1998). We are a member of Institute of Chartered Accountants of India, New Delhi and operate from Ahmedabad, the Financial Capital of Gujarat. We are also registered with Reserve Bank of India, Comptroller and Auditor General of India [C&AG], Registrar of Co-operative societies of India, official Liquidator of Gujarat, Life Insurance Corporation of India, to name a few.
Since 1994, we are a member firm of PrimeGlobal. This association has a membership of over 350 firms in over 90 countries around the world. PrimeGlobal stands as the third largest association of independent accounting firms across the globe with worldwide presence and massive deliverance capabilities. Long before the merger that created PrimeGlobal, Kantilal Patel & Co. was among the first firms from the sub-continent to become members of the pre-merger association, Polaris International, when it was still known as IA International.

Our Mission

  • Provide personalised services
  • Quick response to client needs
  • Strengthen system & Procedures through computerisation.
  • Provide value added services
  • Lend  credibility to financial statements
  • Maintain secrecy and confidentiality of client data
  • Maintain independence in approach

Recent Publications

A comprehensive checklist to ensure compliance Corporate Governance Provisions of the Revised Clause 49 of the Listing Agreement.

Tax Calculation

Want to know How much Income Tax you will have to pay on your income? Go on… Try the Tax Calculator below:

RSS Other News

  • FAQs on withdrawal of Rs. 500 & Rs. 1000 Banknotes (05.12.2016)
    The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. The post F […]
  • Monitoring, Compliance and Penalty under FTACA
    As provided in Rule 1 14G(9), the statement needs to be furnished to the Directorate of Intelligance and Criminal Investigation and the said Directorate has been given the responsibility of ensuring the compliance. The penalty provisions provided in the Income-tax Act, 1961 The post Monitoring, Compliance and Penalty under FTACA appeared first on TaxGuru.
  • Procedure for Furnishing Report under FTACA and CRS
    8.1 As per Rule 1 14G(9), the statement in respect of each reportable account needs to be filed by the RFIs to the Director of Income-tax (Intelligence and Criminal Investigation) or Joint Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data to a server designated for this purpose under digital signa […]
  • Reporting under FTACA and CRS by Trust and related issues
    7.1 In the case of trust, two situations may arise- a. when a trust is itself a Reporting Financial Institution, or b. when a trust is a NFE that maintains a Financial Account with a Reporting Financial Institution. The post Reporting under FTACA and CRS by Trust and related issues appeared first on TaxGuru. […]
  • Reporting Requirements under FTACA and CRS
    After the RFI has identified the reportable accounts, RFI needs to report specific information in respect of each reportable account. As per Rule 114G(1), RFI needs to maintain and report the following information in case of each Reportable Account The post Reporting Requirements under FTACA and CRS appeared first on TaxGuru.

Please Note/ Disclaimer :All information provided on this website is general in nature. We do our utmost to ensure the accuracy, completeness and timeliness of all information provided here. Information presented should be replied upon for business, accounting and tax planning only after obtaining accounting, tax and / or legal advice. We could be pleased to consult with you & thoroughly examine the specific details of your particular request, requirement or situation.Kantilal Patel & Co. is an independent member firm of PrimeGlobal, a worldwide association of independent accounting firms and business advisors. PrimeGlobal does not and cannot offer any professional services to clients. Each independent member of PrimeGlobal is a separate firm and an independent legal entity. PrimeGlobal is not a partnership and independent member firms are not acting as agents of PrimeGlobal or other independent member firms.