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Ritesh -- Portfolio

Ritesh Ranjan

DELHI

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Is a period of 6 months sufficient to prepare for the CA finals from scratch?

6 Months: More than enough
The Institute of Chartered Accountants of India (ICAI): How many attempts you took to pass CA final?
Feb. 06, 2017
Which are the top 10 firms for CA articleship apart from Big 4 In Mumbai?
Feb. 06, 2017
You fix India; trade will fix itself.
Mar. 21, 2018
You know this. Even a student of grade 7 must be knowing it. You know that India imports much more than what it exports. What to say of high profile national programs, even the smallest of the project would fail if men in authority don’t provide proper facilities.
How does it feel when you finally crack CA Final exams?

Huge Relief. Once you see the word "PASS" on the screen the excitement rushes to your brain giving you an instant high.
What is the difference between excise duty, CENVAT, sales tax and the VAT?

Excise duty, VAT & salex tax are a type of taxes. These 3 are called as Indirect Taxes. Where as Cenvat is the credit allowed. Cenvat credit means credit allowed on purchase of taxable products.
What is it that you don't like about the CA course?

Very simple entrance exam - This is a major issue if you look at the bigger picture. A lot of people can easily pass the CPT exams but they have no clue about how challenging things get by the time they face CA Final. There is no sense in luring them inside the course on the basis of a lollipop exam. I would like the entrance exam to be tough, so that many people can be saved from the mess of being stuck in their careers and can actually make a switch when it is much better to do so.
What are the things which CA/CS students tend to do that they shouldn't?
Feb. 06, 2017
Is sales tax a direct or an indirect tax?

E-Commerce (Online business) works in a different way than other standard businesses in India. GST would impact multiple industry sectors, product manufacturers and in several ways. Most of Online business (E-commerce) companies have invested money on tax experts and finding solutions for quick GST implementation.
.....Examine the applicability of TDS provisions and TDS amount in the following cases: (a) Rent paid for hire of machinery by B Ltd. to Mr. Raman ` 2,10,000. (b) Fee paid to Dr. Srivatsan by Sundar (HUF) ` 35,000 for surgery performed on a member of the family. (c) ABC and Co. Ltd. paid ` 19,000 to one of its Directors as sitting fees on 1-01-2018.
Dec. 08, 2017

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