Top Chartered Accountants in Bangalore | Tax Consultants (Updated for 2018)

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best chartered accountants in bangalore


The famous business tycoon Ratan Tata once said, “I need MBAs to run my business, but I need CAs to teach MBAs how to run the business.”

If businessmen, entrepreneurs, and the government are the brains of the economy, then chartered accountants are the backbone without which the economy would fall apart.

The changing landscape of the Indian economy calls for individuals that are well-versed and well-read in matters of finance. You also need someone who can put their knowledge and skill to use to creatively solve specific problems faced by the government and businesses alike.

Before you begin to understand anything about chartered accountancy, the question arises, who exactly is a chartered accountant?


A chartered account is different from a regular accountant in that he/she is not merely a bookkeeper. To become a member of the Institute of Chartered Accountants of India (ICAI), you have to pass a series of rigorous examinations as well obtain articleship experience for a minimum of two to three years.

bangalore's top chartered accountants
No matter what size of a business you have, whether you are running a large organization or a sole trader, small partnership or salaried individual,
top-notch financial advice is one of the most essential factors that scripts your business success story.

Chartered accounting firms have a role to play in nation-building as well. They are the regulators of financial laws in India, preventing corruption, malpractices, fraud and tax evasion in companies.

Still confused about how exactly a chartered accountant would be a helpful asset in efficiently managing your business? Further, would a CA help in increasing the profit margin and growing the business?  

The answer is a resounding YES!

Read on to expand your knowledge base about chartered accountants before hiring the best-chartered accountants in Bangalore for your company.

This article will help you figure out

  • the services a chartered accountant can provide to your company
  • chartered accountants in India
  • how to hire a chartered accountant
  • the advantages of hiring a CA
  • the right time to change your CA
  • tips to help you in finding the perfect CA

If you are in need of a Chartered Accountants for your business; we, at DialJordan, have compiled a list of the best Chartered Accountants in Bangalore.


A chartered accountancy firm can have many varied roles. Their services range from company law matters, matters relating to taxation, preparing and maintaining books of accounts and other documents as per the applicable financial reporting framework.

Here are the services performed by a CA explained in detail:

1. Accounting and Bookkeeping

A chartered accountant is involved in financial accounting and bookkeeping for a company.

Financial accounting is the work concerned with recording all the transactions taking place in a certain period of time. These are outlined in documents such as a balance sheet, cash flow statement, income statement that is needed to assess the performance of a company. A CA can also be involved in important financial decisions with regards to mergers and acquisitions.

chartered accounts near by me

On the other hand, recordkeeping is the process of recording transactions and events of a business in an accounting software. Recordkeeping is the foundation of accounting because every business depends on meticulous records.

2. Auditing

Auditing is probably the most pivotal role of a chartered accountant. Only a chartered accountant can prepare an audited statement of a company.

An audit is a check on the financial situation of an organization based on the balance sheet, profit and loss statement, cash flow, and notes to accounts. The attestations made by an auditor add credibility to the information consolidated by corporations. They also reduce the inconsistencies that could exist between the users and the issuers of financial statements.

Tax audits are compulsory as per the Section 44AB of India’s Income Tax Act 1961. This section mandates that those whose business turnover exceeds 1 Crore rupees, and those working in a profession with gross receipts exceeding 25 Lakh rupees, must have their accounts audited by an independent chartered accountant. Every company, irrespective of its nature of business or turnover, must have its annual accounts audited each financial year.

Also Read: Three Technologies That Will Change The Face Of Auditing

3. Taxation and Tax Advice

Current and accurate knowledge of the vast number of taxes and taxation laws in India is vital for the efficient running of a business.

Chartered accounts in bangalore

A chartered accountant can prepare the returns for tax purposes, advising the client on general taxes and presenting the taxation of the company before the income tax department.

Also, a CA would formulate tax strategies based on financial choice, how to handle an acquisition or merger, how to manage expenses and revenue and how to defer taxes. Salaried individuals would benefit from the advice of a CA on how to deal with a tax filing with respect to a Form 16.

4. Business Advisory Services

A chartered accountant would work with the marketing and finance department of a company to figure out strategies to develop new business opportunities. This also means that a chartered accountant is an integral part of the formulation of policies and performance evaluation.

A CA can develop a financial model for the company for planning, preparation of statements and disposals.

In case of an acquisition or merger, a CA can present a meticulous plan with details that would be required by the funders or purchasers.

5. Cost Accountancy

Cost accounting examines the company’s cost of production. This is done by evaluating the value of products and services and then assessing their efficiency.

A chartered accountant will use cost accounting to understand where a company is making and losing money. He/She can compare input costs with output results and thus measure the company’s financial performance.

Cost accounting helps in the decision-making process by allowing a company to calculate, evaluate, and monitor its costs.

Also Read : The Cost of NOT Using Accounting Software

6. Forensic Accounting

Forensic accounting deals with the processes carried out to investigate the financial statements of a business. It also includes determining if a crime has occurred in matters such as employee theft, forgery of financial statement information, insurance, and securities fraud.

The results obtained from forensic accounting are suitable to be used as evidence in court. Matters such as breach of contracts, disagreements, business valuation disputes, etc. are investigated by a chartered accountant.

Investigations can also be carried out with a view to achieve efficiency in management, increase profits, identify a disparity in funds of public and private companies, review statements, etc.  

7. Setting Up of a Business

Launching a business requires cost-effective tax planning and save the capital from unnecessary spending on taxes.

A CA will help you to decide the most appropriate business model, i.e., sole trader, partnership or limited company. This is because every business model has different effects on taxation, liability, and finance.

list of best chartered accountants

The CA can give their advice on setting up of accounting records and which accounting software to use.

With the introduction of the Goods and Services Tax (GST) last year, enterprises can seek the help of a CA to undergo GST registration and understand its working. This includes matters such as GST registration, the filing of GST transitional return and regular routine work related to GST.

8. Executors and Trustees

The transfer of assets is a complicated affair and needs careful planning. A chartered accountant can work with solicitors and lawyers to perform settlements and administration of the estate.

Listing of top chartered accountants

A chartered accountant can also carry out the terms of a will as they are experts in tax and accountancy guidance. This is the reason lawyers usually call upon chartered accountants to handle the accounting aspects of their work.


CA in India (ICAI)

In India, Chartered Accountancy is chosen to be the toughest course among all the courses like IAS and IPS. To realize the truth of the statement, ask a CA who has successfully attained the degree of Chartered Accountant (CA) and only he/she can confirm this statement.

Best CA in bangalore

The three keys to Chartered Accountancy are Hard Work, Dedication and Patience.  Here are a few things that you need to know about the Chartered Accountancy course in India.

Institute of Chartered Accountancy in India(ICAI)

The Institute of Chartered Accountants of India was established in 1949 as a statutory body under the Chartered Accountants Act. Since the setup of this institution 2,20,000 qualified CAs with over 8 Lakh students have been enrolled.

ICAI is considered as the third largest professional accounting body in the world in terms of membership only behind to Association of Chartered Certified Accountants (ACCA) and American Institute of Certified Public Accountants (AICPA).

top CA in bangalore

ICAI is managed by a council which constitutes of 40 members of whom 32 are elected by chartered accountants, and the remaining eight are appointed by the Central Government representing the Comptroller and Auditor General of India, SEBI, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.

Members of the institute with less than five years experience are referred to as Associate Chartered Accountants(ACA) and members with more than five years of experience are called as Fellow Chartered Accountants(FCA)

This course was earlier bifurcated into three levels namely., Professional Examination -I (PE -I), PE-II and the Finals. Before registering for Practical Training under a practicing Chartered Accountant, the students were required to pass PE-II exams.

However, with the new changes, the way the exams take place has now been modified. There are three stages under the current structure of clearing the CA exam; Common Proficiency Test (CPT), Integrated Professional Competency Course (IPCC) which consists of two groups and the Final Course which also consists of two groups.

ICAI works closely with the Government of India, Reserve Bank of India and the Securities and Exchange Board of India in drafting and implementing accounting standards. The government takes suggestions from ICAI as expert advice and considers cordially. ICAI has also significantly helped the government in implementing Goods and Service Tax (GST)

The CA logo designed by ICAI is free to use by all the members subject to some conditions. Although members of ICAI cannot use the ICAI emblem, they are encouraged to use the CA logo instead on their official stationery.

A member of ICAI can also use the title before his/her name.

Also Read : Govt plans new agency to keep check on CAs

Hiring a Chartered Accountant

A business can reach its pinnacle only if it has a sound and stable financial base, along with a comprehensive knowledge of all the prospects. In India, or be it any other country, expert guidance from a CA can help you with that and direct you towards the right path.

A professional chartered accountant is the one you can count on when it comes to the challenges faced in business segments. Various business issues ranging from foreign direct investment to set up business; from business registrations to accounting, all make the hiring of a chartered accountant a necessity.

In case you run a large business, your money will be flowing in and out excessively; this enables you to take help of a professional chartered accountant.

Chartered accountant offers business services like Foreign Investment Structure, Direct Investments, Accounts Outsourcing Services, etc.

There is quite a few importance of a CA, always consider the following aspects before hiring one:

  • Check with your business needs: Before you elect an accounting firm, know precisely what you want from an accountant, do you want them to handle your books and file your taxes? Or you need someone to give advice and be there as your business grows. Most of the business owners require someone to provide them with information on a range of things.
  • Consider referrals: Around 80% of the people go by word of mouth. When you work with a firm that has been referred to you by any known person, you feel that double assurance.
  • Work only with licensed people: Under professional accountancy, there exist three accounting designations each with different educational requirements and duties. Namely, Chartered Accountant(CA), Certified Management Accountants (CMA) and Certified General Accountants (CGA), they all require a specific degree of education and experience to manage the financial issues professionally.
  • Understand their charges: As long as money matters, comparing services towards the fee charged is very much important.

Chartered Accounts you approach will try hard into making you believe that what they charge is perhaps the most reasonable in the business. But you will be left amazed when they charge you more than for what they have actually done. There are several Chartered Accountancy firms who either charge on hourly basis whereas there are some who have fixed rates. However, there are a few who also charge on the basis of advice sought.

  • Determine accessibility: At times, you might have to be in touch with your accountant frequently. In fact, if you have business with more employees and some complex issues with them, you surely need to ascertain accessibility. You have to learn about the staff of the firm you are about to hire for the accounting job- is the firm a one-man show or do they have a staff.

Are you in need of a Chartered Accountant? Check out our list of the best Chartered Accountant in Bangalore.

Advantages of hiring a CA

If you think a Chartered Accountant is just another accountant, then you might be wrong. Chartered Accountant pack specific skills and the amount of training they go through, makes them a valuable addition to your finance team. And a degree like CA is the prestigious degree in the world.

Few of the advantages that a Chartered Accountant has and makes it the most demanded profession in today’s world are listed below:

1. CA understands Tax

Tax laws in this country are frequently changing, and an accountant’s job is to stay up to date with these changes, as it will ensure your business is secured during the tax time.

There are multiple ways a CA can reduce your tax bill, methods that can be utilized on tax return day and run throughout the year. Chartered Accountants often help you splash the tax bill and free up money that is either to be invested in your business or yourself.

2. A Wide Reach

Chartered Accountants bring in the wealth of experience. Also, he/she can offer insights and best practices to you and your business that you might not have access to.

Also Read: Accounting Investigation Adds to Challenges Facing G.E.


3. Building a Business Plan

Chartered Accountants don’t require much help when it comes to formulating a business plan. As part of their jobs, they are expected to help you build a business plan that gives you the best of chances to succeed and move through the accounting process as smoothly as possible.

The Chartered Accountant you work with should be having an experience of working with diversely sized companies, making them more adaptable. The rest is on them as they know how to provide you with a quality audit that is appropriate for the organization.

4. Offering Advice

Chartered Accountants are expert in this business and provide you with an abundance of advice on everything from financial acquisitions to day-to-day business operations.

They are the financial experts, they look at the number and offer advice your business to succeed for a long term. They can help you boost the growth of your business and help you build a more stable position.

5. A standardized approach

A chartered accountant you hire will have a close and deep understanding of standard methodologies and specific methods for managing particular accounting tasks. If the chartered accountants you hire are from the Big Four accounting firms, then they will have the right training and experience that is extensive among the major firms.

6. Develop a professional reputation

A great accountant can help you develop a professional reputation in the best possible light both in the eye’s of the bank and key stakeholders. And also provide a fresh set of challenges which might present your company with new opportunities and solutions.

7. Managing complex tasks

It takes years to qualify as a chartered accountant, which itself speaks about the complexity of the job. Few tasks are simple, but then there are some that are incredibly complicated. This makes it essential for small business owners, who don’t know accounting procedures and practices to seek help from a chartered accountant.

If you find yourself struggling with finances, get in touch with a chartered accountant immediately.

  • When to change your CA/signs that you need to change your CA (from this blog + more)
  • Tips for finding the perfect CA for your business (from this blog + more)
  • FAQs (from this blog + more)

Signs you need to change your Chartered Accountant now

While I have already listed out how hiring a Chartered Accountant can be one of the best decision for your business, hiring an incompetent and incapable Chartered Accountant can be one of the worst decision for your business.

Most business owners have invested 70% – 80% of their total net worth into their business, this means that for most business owners; their business is their everything. The right accountant can help business owners stabilize and grow while the wrong accountant just adds more dead weight.

Read on to know some telling signs to know whether it is time to say bye-bye to your existing Chartered Accountant and find a new capable Chartered Accountant with the help of DialJordan Directory.

  • They don’t understand your industry:

One of the most common methods of hiring a Chartered Accountant that most small business owners are to use the same Chartered Accountant that is being used by their landlord.

While this method eases the process of finding a Chartered Accountant, an accountant who does not understand your industry can take a toll on your business.

An accountant who doesn’t understand your industry can mean excess taxes, legal fees issues, and heavy payrolls. This is the reason why it is of paramount importance to find a chartered accountant who actually understands your industry.

  • Tax Surprises:

One of the worst things that can happen to a business owner is the unexpected end of financial year tax surprise.

Imagine that you are recording profit for your business at the end of the financial year and then your accountant suddenly hits you with a huge tax payment bill. You then realize, your so-called profits have turned red and your business is at a loss.

This is the case for most accountants: they are more reactive than proactive. These accountants are active only during the last few days of the financial year when tax payments are due.

A great accountant will be aware of your financial state throughout the year and take proactive measures to adjust and maximize your deductions. They will strategically plan throughout the year and not just for big deadlines. If your accountant is not involved in your sensitive business matters, it’s time to look for a new one.

  • Lack of Communication:

One of the most telling signs of a bad accountant is their lack of communication. Whether your accountant is outsourced or not, a good accountant are easily reachable and will regularly communicate with you. They will often return your calls and mails within 24 – 48 hours. The very reason why you hire an accountant is to have a person whom you can call when you need. If your accountant is difficult to get hold of; then there is little to no reasons for you to keep hiring that accountant.

Furthermore, the great accountant will proactively check in to your business to see how it is being run. They will happily explain your financial situations. By this, we do not mean throwing out confusing accounting terminology and jargons, but actually explaining in plain English everything that you are not sure about.

  • Late Filing of Tax Returns:

As an enterprise, it is very important to file your tax returns on time. Usually, at the end of the financial year, most Chartered Accountant firms are bombarded. However, this doesn’t mean that they should ever miss filing returns for your company on time.

If your accountant is late while filing your tax returns, this probably means that you and your business are not on the top of their priority list. This can even cost you a penalty fee. It’s the duty of your accountant to give you a financial statement at the end of every quarter. If they fail to do so, it’s time you move on.

If you as a company or an individual face any of these warning signals, it’s high time that you find a better-chartered accountant. However, do talk to your chartered accountant first, as there might be unseen circumstances beyond the control of your accountant.

If you plan to fire an accountant, the best time to do so is right after the financial year. This enables your new accountant to start on a new calendar year. If things are not looking good for you and you need to hire a new chartered accountant immediately, do it at the beginning of a new quarter.

Wondering where you should look for a chartered accountant? Dial Jordan has you sorted with a list of best-chartered accountants in Bangalore.

Also, Read: Why you should not rely solely on your income tax return filer, chartered accountant when filing ITR

Tips to Remember when Hiring a New CA for your Firm

You’ve just fired your existing chartered accountant and as expected, the period between firing your old and hiring a new chartered accountant will look grim.

Do not fall into the trap of hiring out of desperation.

This is the time when you have to stand strong and find yourself a chartered accountant who will truly contribute to your company’s overall success. You need someone who has the right technical skills and competency.

I’ve shared a few tips that will come handy when you are hiring a new CA for your firm:

  • Make sure your CA is certified: As already mentioned in the blog, Chartered Accountant in India are certified under the ICAI. So before you sign on the dotted lines, make sure that your chartered account is certified. ICAI keeps tab on the qualification of all Chartered Accountant and can serve as a verification proof when you are looking to hire a CA. Anyone who claims to be a Chartered accountant without ICAI certifications is bogus.
  • Look for CA with relevant experience: There is little to no worth in hiring a fresh post graduate CA to manage your business finances. Make sure that you are screening your potential accountant based on their experience. Ask your potential accountant about their experience as well as the organizations that they have worked with.

     Also Read: When Should a Small Business Hire a Finance Chief?

  • Don’t hasten the hiring process: One of the biggest mistakes most companies make is rushing into hiring a new CA. When you lose a member of your accounting staff, multiple resignation formalities have to be completed. If you rush into the hiring process, you’re bound to make the wrong decision. Therefore, take some time and find the right fit for your organization.
  • Outsource CA services online: If you are not in the right state to hire a full-fledged chartered accounting team, you can always outsource work to top chartered accountant firms in Bangalore based on your chartered accountant requirements. Outsourcing can meet your staffing needs better while still providing the skill and qualification your business needs.
  • Get a temporary CA: If you lose your CA right when the end of the financial year is around the corner, it can be very taxing mentally. While you can straight up hire a new CA immediately, hastily hiring a new CA can have more recuperssions than benefits.  The best option is to find a temporary fit for the role who can file your returns for that particular year. It can be nigh impossible to find an experienced CA that is the perfect fit, which is why I would recommend you to hire a temporary CA.

When you are running a business and are limited in terms of resources and manpower, it is easy to become frustrated. Finding the perfect CA on your own can be difficult as you have to focus on other aspects of your business as well. The easiest solution is to check out the Dial Jordan local search engine directory. Easily find the list of best-chartered accountants in Bangalore with Dial Jordan.

Interesting facts about Chartered Accountants:

  1. Chartered Accountancy is considered one of the toughest courses to clear in India. With a passing percentage of less than 5%, there are presently around 2.5 lakh members for a country of 1 Billion.
  2. The word “accounting” comes from the French “compter” meaning to count or score. Other accounting terms are derived from Latin, such as “debit” – “he owes” and “credit” – “he trusts”.
  3. Chartered Accountancy is the most inexpensive professional course with a 100% employment rate.
  4. The Institute of Chartered Accountants of India (ICAI) is the second largest professional accounting body in the world in terms of membership with more than 2.5 lakh members. This is after the American Institute of Certified Public Accountants (AICPA).   
  5. 1st July is recognised as the ICAI Foundation Day or CA Day in India.
  6. Even though the ICAI is a body set up by an act of parliament, it does not have any reservation based on class or caste. Even office bearers are selected without any reservation.
  7. More than one lakh students in India, join the chartered accountancy course every year where 45 to 50 percent of them are girls.
  8. The ICAI has an official emblem of a “garuda” and an official motto which is a quote from the Upanishads. The quote reads “Ya esha supteshu jagriti” which means “the one who is awake in those that sleep”.

Frequently Asked Questions

  • What is meant by a chartered accountant?

According to Investopedia, a Chartered Accountant (CA) is an accounting designation given to accounting professionals in many countries around the world. A CA designation typically proves the holder has the qualifications to file a business’s tax return, audit financial statements, and business practices, and offer advisory services to clients.

  • Why do we need Chartered Accountants? What tasks are specific to them?

The role of a chartered accountant in businesses cannot be ignored. They help in building long-lasting relationships with clients and investors. They help in tax-related matters, filing of returns and providing business advice. The specific work a chartered accountant is auditing. They prepare and review financial statements of a company and maximize tax deductions. They are also responsible for financial reporting, tax, and strategic decision making.

  • What are the benefits of Outsourcing to a chartered accountant

  • Reduces business costs
  • Reduces IT costs
  • Gives business continuity
  • Helps you leverage the skills of experienced professionals
  • More flexibility and scalability
  • 24/7 operations
  • Why do you need a chartered accountant to register your business?

For company registration in Bangalore, a chartered accountant is a must. Since they are experts in the field, they guide you through the whole process, ask for necessary documents, give you the right advice and help in obtaining approvals faster.

  • How much will I save if I outsource my payroll to a CA?

Outsourcing payroll accounting not just has cost savings, but time and management savings as well. When you outsource, you save on overhead costs, software costs, training costs and compliance related expenditure.

  • Is the chartered accountant regulated by ICAI?

When hiring a chartered accountant always find out if he/she has obtained a certification under Institute of Chartered Accountants of India.

  • Bookkeeping / Accounting – What should be outsourced? What needs to be done internally?

If you are confused between outsourcing and hiring in-house talent, remember, it is always better to outsource bookkeeping services and get accounting done internally. Outsourcing bookkeeping maintains privacy, security, and scalability and maximizes your resources. It gives you the advantage of seeking trained and professional help.

On the other hand, getting accounts done in-house is always beneficial since it is very specific. Hiring in-house talent gives you the freedom to get a set number of accounting tasks done. They understand your business process and make sure they add value to your business.

  • What’s the difference between CA & FCA?

CA stands for Chartered Accountant while FCA stands for Fellow Chartered Accountant. A CA is a registered member of Institute of Chartered Accountants of India while an FCA is a CA who has completed practice of 5 years as a registered member of ICAI.

We at Dial Jordan have listed top chartered accountant firms in Bangalore that will help you with all aspects of your business – budgeting, cash flow, GST, the filing of income tax returns, payroll, and other business-related matters.

Our extensive list has you covered on all matters related to taxation and auditing. We only list the best in the business that would give you complete value for money. Hire from the list of top chartered accountants in Bangalore today.

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