CA Support

Chartered Accountants provide audit and assurance services, tax planning and compliance, financial advisory, business valuation, GST consulting, company law compliance, internal audit, due diligence for mergers and acquisitions, and representation before tax authorities.

Startups should engage a CA during incorporation for proper structuring, for initial tax and GST registrations, for setting up accounting systems, and for ongoing compliance. Early engagement ensures proper financial foundations and avoids costly corrections later.

CAs conduct statutory audits to express an opinion on whether financial statements present a true and fair view. They verify books of accounts, confirm assets and liabilities, check compliance with accounting standards, and report any discrepancies or fraud indicators.

CAs analyze business structures to optimize tax liability, identify eligible deductions and exemptions, ensure timely compliance to avoid penalties, represent clients during tax assessments and appeals, and advise on tax-efficient business decisions and investments.

CAs have comprehensive training in accounting, auditing, taxation, and corporate laws. They can sign audit reports and represent clients in higher appellate forums. Tax consultants may specialize only in taxation but cannot conduct statutory audits or sign certain tax certificates.

CAs help with GST registration, monthly/quarterly return filing, GST audit for large taxpayers, handling GST notices and assessments, claiming refunds, representing before GST authorities, and advising on GST-efficient supply chain structures.

Yes, CAs prepare financial projections and business plans for investors, conduct due diligence for investors, value businesses for equity funding, help with due diligence requirements of banks for loans, and ensure compliance with SEBI regulations for fundraising.

Look for relevant experience in your industry, membership with ICAI, good reputation, availability for regular consultations, understanding of technology and accounting software, fee transparency, and capability to handle the scale and complexity of your business.

CAs may charge fixed fees for specific services (incorporation, return filing), hourly rates for advisory and consultations, or retainer fees for ongoing compliance support. Audit fees depend on the size and complexity of the business. Fees should be discussed upfront.

During tax scrutiny or assessment, CAs analyze the notice, prepare responses with supporting documentation, represent the client before tax officers, negotiate settlements, file appeals if necessary, and protect the client's interests while ensuring legal compliance.