Prashant, Author at PaperLite

What is WOFA? Should You Attend It?

UncategorizedJanuary 24, 20252Views 0Likes 0Comments

The World of Finance & Accounting (WOFA) is a premier event designed to bring together industry professionals, thought leaders, and innovative solution providers from across the financial and accounting sectors. It is a hub for exploring cutting-edge technologies, understanding emerging trends, and networking with experts who are shaping the future of finance and accounting. What…

AI in Accounting: Transforming the Role of Chartered Accountants

blogDecember 17, 20243Views 0Likes 0Comments

The accounting profession is experiencing a significant transformation with the integration of Artificial Intelligence (AI). A notable development is the Institute of Chartered Accountants of India's (ICAI) launch of the CA GPT platform, which features annual reports from 5,000 listed companies. This advancement shows how AI is reshaping the role of Chartered Accountants, enhancing their…

Are These Habits Slowing Down Your CA Practice?

blog, News, UncategorizedOctober 17, 20243Views 0Likes 0Comments

As CAs, hustle is like our middle name. However, during this hustle, a number of habits may be picked up without you even realising it, that might be draining your firm's productivity and efficiency. These time-wasting habits are holding your CA Practice back from reaching its full potential. Here’s what you can do to kick…

Why Every CA Needs a Vacation Right Now!

blog, NewsSeptember 13, 20241View 0Likes 0Comments

The Accounting profession, especially in India is often projected as an overworked group of individuals, who have no time for any human interaction, nor the interest. This stereotype paints a CA as recluse that can’t even take time out of their busy schedule for a vacation. But is that really true? Or even advisable? Can…

GTD Methodology for CAs: Mastering Task Management

blog, News, UncategorizedSeptember 5, 20241View 0Likes 0Comments

Life moves fast these days, and everything seems to need your attention right away. For Chartered Accountants and Accounting Professionals, juggling endless tasks, deadlines, and client requests can get quite overwhelming. That’s where Getting Things Done (GTD) Methodology comes to the rescue. GTD Methodology is a simple system that helps you organise your workload, get…

Income Tax Reassessment: Here’s why you might receive a notice by August 31

blog, NewsAugust 26, 20243Views 0Likes 0Comments

The Income Tax Department recently announced new deadlines for issuing reassessment notices under Section 148. As per the latest update, notices for income exceeding Rs. 50 lakh must be issued by August 31, 2024. Taxpayers receiving such notices would have 30 days to respond with any clarifications or documents. Let’s see who is likely to…

The 7 Habits of Highly Effective CAs: Tips for Success

blog, News, UncategorizedJuly 26, 20243Views 0Likes 0Comments

The world of Chartered Accountancy in India is evolving at a fast pace. There's a lot of pressure to stand out and unfortunately, sometimes even at the cost of good values. But here's the thing: Strong principles never go out of style. As Stephen R. Covey highlights in his influential book "The 7 Habits of…

Scheduler & Smart Task Creator: 5 Ways PaperLite Helps CAs

blog, News, UncategorizedJuly 8, 20241View 0Likes 0Comments

Chartered Accountants in India wear many hats. From tax filing and auditing to client consultations and financial analysis, their days are mostly jam-packed. This seemingly never-ending workload often leads to stress and burnout, increasing the risk of missed deadlines and errors. However, PaperLite understands the unique challenges faced by CAs. And, to address these very…

AIS & TIS Superpower: Beyond Form 26AS

blog, NewsJune 21, 20243Views 0Likes 0Comments

Tax season used to be synonymous with mountains of paperwork. Remember scrambling to find your Form 26AS? Well, those days are long gone! A digital revolution is sweeping across India's tax landscape and the Indian Income Tax Department is at its forefront. To make filing a breeze for both taxpayers and chartered accountants, they've introduced…

The Central Excise Bill 2024: A Guide for CAs

blog, NewsJune 13, 20244Views 0Likes 0Comments

The Indian government is all set to introduce an update to the Central Excise Bill, 2024, ushering in a new era for indirect tax filing in India. Thus, this bill proposes to replace the existing Central Excise Act, 1944, with a more modern and streamlined framework. So, it becomes important for Chartered accountants and other…

New Vs. Old Tax Regime: Find the Best Fit for Your Income

blog, NewsJune 7, 20241View 0Likes 0Comments

As you know, taxpayers in India have the flexibility to choose between two tax regimes: Old Tax Regime Vs. New Tax Regime Each regime offers distinct tax slabs, rates, and deductions, having the power to significantly impact your financial well-being. The key to choosing the right regime for your income is just a scroll away!…

Blockchain for Accounting: Hype or Reality?

blog, NewsMay 30, 20244Views 0Likes 0Comments

The accounting profession, long known for its adherence to tradition, is at crossroads. Emerging technologies are poised to transform the maintenance and auditing of financial records. Blockchain, the distributed ledger technology that underpins cryptocurrencies like Bitcoin, is one such innovation generating significant buzz in current times. But is blockchain for accounting a genuine revolution waiting to…

Author page: Prashant

Prashant

What is WOFA? Should You Attend It?

AI in Accounting: Transforming the Role of Chartered Accountants

Are These Habits Slowing Down Your CA Practice?

Why Every CA Needs a Vacation Right Now!

GTD Methodology for CAs: Mastering Task Management

Income Tax Reassessment: Here’s why you might receive a notice by August 31

The 7 Habits of Highly Effective CAs: Tips for Success

Scheduler & Smart Task Creator: 5 Ways PaperLite Helps CAs

AIS & TIS Superpower: Beyond Form 26AS

The Central Excise Bill 2024: A Guide for CAs

New Vs. Old Tax Regime: Find the Best Fit for Your Income

Blockchain for Accounting: Hype or Reality?

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