How many Chartered Accountants are required in India?

In a country of 125 crore citizens and 6.8 crore taxpayers in 2017-18, close to 3 lakh chartered accountants (CAs) serve as the finance guides.

Can a CA be partner in more than 1 firm?

Yes, a practicing chartered accountant can be partner in more than one CA firms. However, a practicing chartered accountant can not become partner in any business or profession other than a practice. He can also become a director simplicitior but can not act as a managing or whole time director.

Can a CA have two offices?

A chartered Accountant can have more than one office and in more than one city. However opening such branch office in different cities shall be subject to section 27.

Which are the top 11 CA firms in India?

List of Top 11 CA Firms in India 2021: Detailed Description. 1 #1. Deloitte –. Deloitte, in terms of Revenue, is the largest professional services network in the world. Also on the basis of a number of 2 #2. PWC –. 3 #3. KPMG –. 4 #4. Ernst & Young (known as EY) –. 5 #5. BDO International –.

What is the capital contribution of partners in a partnership firm?

The partners may contribute capital as and when considered necessary and expedient for the purpose of carrying on the business/profession and the same shall carry interest at 12\% (Twelve Percent) per annum or such other rate as may mutually be agreed upon by the parties hereto from time to time.

Which is the best firm to get into for CA inter?

I would say the best options are BIG 4 ie Deloitte, EY, PWC & KPMG. Although it is not that easy to get into these but not impossible also. Looking to the current pass percentage in IPCC/PCC/CA Inter, if you are above average, You can easily get into any of these.

How is the profit or loss of a partnership profession divided?

The Net Profit or Loss of the Partnership profession as arrived at after adjustment of salary, bonus, commission and interest to the partners, shall be divided between the parties as follows: 5. The partners shall be entitled to increase or reduce the above profit sharing ratio and may agree to pay remuneration to the partner or partners.