NEW DELHI : The coronavirus-induced lockdown is changing the way chartered accountants (CAs) do their business of filing income tax returns, GST returns and fulfilling other compliances.
Tax filing and investment portal ClearTax has recorded a 30% jump in adoption of its cloud-based platforms for CA firms. "In the current situation, neither chartered accountants are able to go to their offices nor can they get documents collected from their clients.
This has led to a change in trend. CAs can from anywhere and at anytime using cloud-based fintech softwares," Archit Gupta, Founder and CEO, ClearTax, said.
Even the Institute of Chartered Accountants of India (ICAI) has recommended its members to use cloud-based compliance tools.
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