27 Jun 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!



BUSINESS QUOTE OF THE DAY

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

  • Share of profit, as per LLP agreement, exemption u/s 10(2A) available
    The assessee has received the share of profit as per the terms of the LLP agreement and, therefore, the same has rightly been held to be exempted u/s 10(2A) of the Act. The post Share of profit, as per LLP agreement, exemption u/s 10(2A) available appeared first on TaxGuru.
  • Invoking section 263, for comprehensive inquiry made by AO, unsustainable
    Inquiry made by AO and adequate reply furnished by the assessee, PCIT invoked jurisdiction u/s 263 without application of mind The post Invoking section 263, for comprehensive inquiry made by AO, unsustainable appeared first on TaxGuru.
  • When property is vacant, rent is to be calculated under section 23(1)(a)
    The assessee’s rent for the property which remained vacant for the entire year shall be calculated as per provisions of Section 23(1)(a) of the Act. Section 23(1)(c) will not be applicable in such case. The post When property is vacant, rent is to be calculated under section 23(1)(a) appeared first on TaxGuru.
  • Section 68 Addition cannot be made for purchases
    ITAT held that Addition under section 68 of Income Tax cannot be made for purchases as purchases is an expense which is debited in books and not a loan or deposit which is credited in books The post Section 68 Addition cannot be made for purchases appeared first on TaxGuru.
  • 47th GST Council Meeting Expected Agenda
    The two-day GST Council meet on 28th and 29th of June in Chandigarh is likely to deliberate upon a various agenda. The main aim will be to ease compliance burden, promote small businesses and increase tax collection by enhancing tax rates and tax base. Ease compliance burden: Some of the bottlenecks which are the council […] The post 47th GST Council Meeting […]

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.