Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT Audit :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment
 
 
News Headlines »
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you

India to soon have its global brand of CAs, thanks to LLP
September, 15th 2008

Exuding confidence that India will soon have its own brand of chartered accounting firms competing with the best worldwide, corporate affairs minister Prem Chand Gupta has said the domestic accounting fraternity would be bolstered by the passage of new legislations like Limited Liability Partnership (LLP) Bill, as well as changes in the new company law.

LLP Bill, which is soon to be placed before the parliament, would allow domestic CAs to join hands to form big organisations. One of the major reasons considered to be coming in the way of Indian firms to compete with global consultancy operations in India is their present incapacity to come under one roof to provide diversified services to clients.

An archaic regulatory framework restricting the number of professionals coming together to constitute multi-faceted firms, is likely to change with the LLP bill seeking to remove the bar on the number of experts coming together.

LLP has been brought and now CAs can have as many partners in their firm as they want, similar to other firms like Ernst & Young, PwC, so that they can also spread their firms across the globe, Mr Gupta said while laying the foundation stone of Centre of Excellence for accounting regulator ICAI in Jaipur on Thursday.

Domestic CAs will now have the professional capacity to set up multi-disciplinary firms, he said. Domestic chartered accountants who recently gained rights to advertise themselves are expected to reap huge gains once the LLP bill is passed. The proposed law will enable domestic CAs to gain competence similar to foreign consultancy majors.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions