The new financial year 2025-26 has introduced significant tax and financial changes that will impact individuals, businesses, financial institutions, and most importantly, Chartered Accountants managing compliance and advisory services. These reforms aim to simplify taxation, enhance regulatory compliance, and drive economic growth. As a CA, staying updated with these changes is essential to guide clients…
As a Chartered Accountant, managing multiple clients, juggling deadlines, and ensuring regulatory compliance is a daily challenge. With growing workloads and complex tasks, relying on manual tracking or scattered spreadsheets can lead to inefficiencies and missed deadlines. This is where a task management tool becomes essential.
A well-designed task management tool tailored for CAs can…

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…

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…

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…
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 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…
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…

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 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…
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!…

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…