12 Aug 2022
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Upcoming Deadlines

CARO, 2016

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


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

  • Income Tax Department searches gems & jewellery group in Rajasthan
    The Income Tax Department carried out a search operation on 03.08.2022 on a Jaipur based group, engaged in the business of gems and jewellery, hospitality and real estate. The search operation has covered more than three dozen premises located in Jaipur and Kota. The post Income Tax Department searches gems & jewellery group in Rajasthan appeared first o […]
  • Conditions for off-site/mobile ATMs operationalisation by DCCB
    Criteria for opening of branches/extension counters/specialized branches/regional offices/zonal offices/administrative offices/shifting of branches/upgradation of extension counters into full-fledged branches by a DCCB The post Conditions for off-site/mobile ATMs operationalisation by DCCB appeared first on TaxGuru.
  • RBI’s Press Release on digital lending
    Objective & Background -To mitigate the concerns of public in digital lending ecosystem which primarily relate to unbridled engagement of third parties, mis-selling, breach of data privacy, unfair business conduct, charging of exorbitant interest rates, and unethical recovery practices. -Against this, RBI had constituted a Working Group on ‘digital lendi […]
  • Faceless Assessment: Fresh SOP Issued to Address Taxpayers’ Conflicts
    Since inception, Faceless Assessments witnessed various conflicts between the assesses and the Revenue Authorities. The biggest conflict was the invocation of Best Judgement Assessments without giving any opportunity of being heard or taking cognizance of the written submissions of the assesses. Other disputes included – not being granted adjournments, too m […]
  • Decoding GST on Liquidated Damages
    Circular No. 178/10/2022-GST A. Decoding of What Constitutes Liquidated Damages: Liquidated damages are mere a flow of money from the party who causes breach of the contract to the party who suffers loss or damage due to such breach. Such payments do not constitute consideration for a supply and are not taxable. A perusal of […] The post Decoding GST on Liqu […]

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.