"About CA Vineet Singhal: CA Vineet Singhal is an accomplished Chartered Accountant and a visionary entrepreneur. With a passion for innovation and a deep understanding of the business landscape, he has made significant contributions to the industry. As a co-founder of India's First Packed Building Material Brand, 405 Gyp Aggregate Co, Vineet played a pivotal role in revolutionizing the construction materials sector. His entrepreneurial acumen and expertise in finance and accounting were instrumental in establishing the brand as a leader in the market. Under his guidance, 405 Gyp Aggregate Co has gained recognition for its high-quality products and customer-centric approach. Vineet's commitment to the accounting profession extends beyond his entrepreneurial ventures. He has served as a former member of the Editorial Board of the NIRC (Northern India Regional Council) of the Institute of Chartered Accountants of India (ICAI). During his tenure, he played a crucial role in redesigning the NIRC Newsletter, making it a valuable resource for members and keeping them updated with the latest developments in the field. Recognizing the need to foster collaboration and support among fellow CA entrepreneurs, Vineet assumed the role of Director at the Charterpreneurs Foundation. Through this organization, he has successfully built a robust network of CA startups, facilitating knowledge sharing, mentorship, and collaboration. Vineet's dedication to nurturing and empowering aspiring entrepreneurs has had a profound impact on the startup ecosystem. Vineet's passion for mentoring and nurturing startups is further exemplified by his role as an Official Mentor at Startup Indian. He has mentored numerous startup cohorts from Maharashtra and Orrisa, sharing his invaluable insights and guiding them through the challenges of building and scaling their businesses. Vineet's expertise, combined with his ability to inspire and motivate, has made him an invaluable resource for emerging entrepreneurs. In addition to his entrepreneurial and mentoring endeavors, Vineet also serves as the Convener of the East Delhi Study Circle of the NIRC of ICAI for the year 2023-24. In this role, he facilitates knowledge exchange and professional development for fellow chartered accountants in the region, organizing seminars, workshops, and networking events to enhance their skills and promote collaboration. Vineet Singhal's multifaceted contributions as a CA entrepreneur, mentor, and industry leader have made him a highly respected figure in the field. His unwavering commitment to excellence, innovation, and fostering entrepreneurship has not only elevated his own ventures but also inspired and empowered countless individuals in the accounting and startup communities."
o Employer Employee Relationship exist between a partnership firm and partners so TDS is not required to be deducted on Partner’s Remuneration.
Take a deep breath , and understand that the Penalty as proposed in budget speech of Finance Act 2017 is applicable from the date 01st April 2018 , this means , returns for the Financial year 2017-18 will only be attracting this penalty if not filed within due date as stipulated by the law and not ITR of F.Y 2016-17
Expense fraud may not seem serious compared to more commonly reported types of fraud such as embezzlement or theft of company funds. However, filing phony expense reports is a type of company theft, and employees should be encouraged to see it as such.
In CBS environment , most of the times , Management response is usually as All charges calculation and charging is done by system , there’s no chance of under recovery.
Other comprehensive income comprises items of income and expense (including reclassification adjustments) that are not recognized in profit or loss as required or permitted by other Ind ASs.
