Sujeeth Project 3

Project Work Report on
CHARTERED ACCOUNTANT PRACTICES – A STUDY IN WARANGAL

Submitted in partial fulfillment of the requirement for the Award of the Degree of
BACHELOR OF COMMERCE
Submitted to
KAKATIYA UNIVERSITY WARANGAL
Under the Supervision of

K. Linga Reddy Assistant professor of commerce
Submitted by:
Name of the students Hall Ticket Number
1. EEGA SRAVYA : 006202119
2. VELDANDI SHIVAKRISHNA : 006202381
3. CHILUKA SUJEETH : 006202091
4. JEEDI SHIRISHA : 006202169
KAKATIYA GOVERNMENT COLLEGE HANUMAKONDA
2021-2022
Signature of the candidates Signature of the Supervisor

DEPARTMET OF COMMERCE
Kakatiya Government Degree College, Hanumkonda
Hanumkonda Dist. – 506001-TS.
Date: - - 2022
CERTIFICATE
Certified that this is a bonafide work done by the students of this
Institute in partial fulfillment of requirements for the award of
degree of Bachelor of Commerce (B Com CA) 3 years fulltime
programme.
The Particulars are as follows:
Name of the students Hall Ticket Number
1. EEGA SRAVYA : 006202119
Title of the project : CHARTERED

ACCOUNTANT PRACTICES
– A STUDY IN WARANGAL
Academic Year : 2021-2022
SUPERVISOR EXTERNAL PRINCIPAL

ACKNOWLEDGEMENT
The project work on CHARTERED ACCOUNTANT PRACTICES – A STUDY IN
WARANGAL prepared during our under graduation. This project is embodiment of efforts of
the several persons whom we would like to express our earnest gratitude.
We sincerely thank to the effort of principal, my Head of the Department and project
guide Kakatiya Government College Hanumkonda for guiding supporting us in completion of
this project.
Name of the students Hall Ticket Number Signature of the student
1. EEGA SRAVYA : 006202119

DECLARATION
We hereby declare that present project report entitled CHARTERED ACCOUNTANT
PRACTICES – A STUDY IN WARANGAL is original work done by us for the award of
partial fulfillment of the requirement of the degree of BACHELOR OF COMMERCE for
Kakatiya University Warangal is a record of bonafide work carried out by us.
The result embodied in this project work has not been submitted to any other University
or institution for the award of any degree or diploma.
Name of the students Hall Ticket Number Signature of the student
1. 1. EEGA SRAVYA : 006202119

TABLE OF CONTENTS
1. CHAPTER I: Introduction.......................................
1.1 Introduction of CA firms in Warangal........
1.2 Organisational Structure............
1.2.1 Top CA firms in Warangal.......
1.2.2 Experience Overview (10 firms)
1.2.3 Objectives of the Study..........
1.2.4 Methodology of the Study.........
2. CHAPTER II: Conceptual Discussion..............

2.1 Preparation of Books on Tally...........
2.2 Overview of Tally ERP 9....................
2.3 Overview of Auditing.......................
2.4 Overview of GST..............................
2.5 Overview of Taxation.....................
3. CHAPTER II: Data Analysis..................

3.1 Ratings of the Clients for their respective CA Firms.........
3.2 No. of Apprentices in CA Firms...........
3.3 No. of Companies for Respective CA Firms.......
4. CHAPTER IV: Findings, Suggestions and Conclusion of the

Study.......
4.1 Findings of the Study...................
4.2 Suggestions of the Study..............
4.3 Conclusion of the study................
5. CHAPTER V: Bibliography....................
5.1 References...............
CHAPTER I
Introduction
1.1 Introduction of CA Firms in Warangal

There is a list of top CA Firms in Warangal from lower, mid and upper size to big 5 Charted
Accountant firms for Income Tax filing and return, GST, Local Body Tax (LBT), Auditing, SSI
(Small Scale Industries) and Company registration, BGFT (Directorate General of Foreign
Trade), FEMA (Foreign Exchange Management Act), and PF (Provident Fund) withdraw, IEC
(Importer –Exporter Code), etc.
Definition of CA Firms
Chartered Accountancy firm means, a firm (either of Indian or Foreign origin) which is
permitted by the Institute of Chartered Accountants of India (ICAI) to practice its service in
India.
1.2 Organisational Structure: Top CA Firms in Warangal

1.2.1 Top CA Firms in Warangal
1. P.V Narayan Rao & Associates

Location and Overview
Established in the year 1987, P V Narayana Rao & Associates in Pochamma Maidan, Warangal
is a top player in the category Income Tax Consultants in the Warangal. This well-known
establishment acts as a one-stop destination servicing customers both local and from other parts
of Warangal. Over the course of its journey, this business has established a firm foothold in its
industry. The belief that customer satisfaction is as important as their products and services have
helped this establishment garner a vast base of customers, which continues to grow by the day.
This business employs individuals that are dedicated towards their respective roles and put in a
lot of effort to achieve the common vision and larger goals of the company. In the near future,
this business aims to expand its line of products and services and cater to a larger client base. In
Warangal, this establishment occupies a prominent location in Pochamma Maidan. It is an
effortless task in commuting to this establishment as there are various modes of transport readily
available. It is at Jakotia Grand Central, Beside Reliance Digital, which makes it easy for first-
time visitors in locating this establishment. It is known to provide top service in the following
categories: Estate Agents, CA, GST Registration Consultants, Pan Card Consultants, Income Tax
Consultants, Company Registration Consultants, Auditors, and Tax Consultants.
Products and Services offered
P V Narayana Rao & Associates in Pochamma Maidan has a wide range of products and / or
services to cater to the varied requirements of their customers. The staffs at this establishment are
courteous and prompt at providing any assistance. They readily answer any queries or questions
that you may have. Pay for the product or service with ease by using any of the available modes
of payment, such as Cash. This establishment is functional from 10:00 - 19:00.
2. Omprakash Harish & Associates

Established in the year 1987, Omprakash Harish & Associates in 80 FEET ROAD, Warangal is a
top player in the category CA in the Warangal. This well-known establishment acts as a one-stop
destination servicing customers both local and from other parts of Warangal. Over the course of
its journey, this business has established a firm foothold in its industry. The belief that customer
satisfaction is as important as their products and services have helped this establishment garner a
vast base of customers, which continues to grow by the day. This business employs individuals
that are dedicated towards their respective roles and put in a lot of effort to achieve the common
vision and larger goals of the company. In the near future, this business aims to expand its line of
products and services and cater to a larger client base. In Warangal, this establishment occupies a
prominent location in 80 FEET ROAD. It is an effortless task in commuting to this establishment
as there are various modes of transport readily available. It is at 80 FEET ROAD, NEAR SR
DIGI CHOOL, which makes it easy for first-time visitors in locating this establishment. It is
known to provide top service in the following categories: CA, Pan Card Consultants, CA Income
Tax Return, and Internal Auditors.
Omprakash Harish & Associates in 80 FEET ROAD has a wide range of products and / or
services to cater to the varied requirements of their customers. The staff at this establishment is
courteous and prompt at providing any assistance. They readily answer any queries or questions
that you may have.
3. G. Pavan Kumar CA
Established in the year 2003, G. Pavan Kumar CA Warangal is a top player in the category CA
in the Warangal. This well-known establishment acts as a one-stop destination servicing
customers both local and from other parts of Warangal. Over the course of its journey, this
business has established a firm foothold in its industry. The belief that customer satisfaction is as
important as their products and services have helped this establishment garner a vast base of
customers, which continues to grow by the day. This business employs individuals that are
dedicated towards their respective roles and put in a lot of effort to achieve the common vision
and larger goals of the company. In the near future, this business aims to expand its line of
prominent location in Warangal. It is an effortless task in commuting to this establishment as
there are various modes of transport readily available. It is at
H-No: 11-24-104, Desaipet road, Desaipet, Warangal-506002, which makes it easy for first-time
visitors in locating this establishment. It is known to provide top service in the following
categories: CA, GST Registration Consultants, Company Registration Consultants, Tax Return
Filing Agents, Income Tax Consultants, Accountants, Tax Consultants, and Auditors.
G. Pavan Kumar located at Warangal, has a wide range of products and / or services to cater to
the varied requirements of their customers. The staff at this establishment is courteous and
prompt at providing any assistance. They readily answer any queries or questions that you may
have. Pay for the product or service with ease by using any of the available modes of payment,
such as Cash, Cheques. This establishment is functional from 10:00 - 21:00.
4. Bhagwan & Co
Bhagwan & Co in Pochamma Maidan, Warangal is a top player in the category CA in the
Warangal. This well-known establishment acts as a one-stop destination servicing customers
both local and from other parts of Warangal. Over the course of its journey, this business has
established a firm foothold in its industry. The belief that customer satisfaction is as important as
their products and services have helped this establishment garner a vast base of customers, which
continues to grow by the day. This business employs individuals that are dedicated towards their
respective roles and put in a lot of effort to achieve the common vision and larger goals of the
company. In the near future, this business aims to expand its line of products and services and
cater to a larger client base. In Warangal, this establishment occupies a prominent location in
Pochamma Maidan. It is an effortless task in commuting to this establishment as there are
various modes of transport readily available. It is known to provide top service in the following
categories: CA, Auditors.
Bhagwan & Co in Pochamma Maidan has a wide range of products and / or services to cater to
the varied requirements of their customers. The staffs at this establishment are courteous and
such as Cash. This establishment is functional from 10:00 - 17:00.
5. CA Raghava Reddy Thipparthi

Established in the year 2003, CA Raghava Reddy Thipparthi in Hanamkonda, Warangal is a top
player in the category CA in the Warangal. This well-known establishment acts as a one-stop
prominent location in Hanamkonda. It is an effortless task in commuting to this establishment as
there are various modes of transport readily available. It is at Kumarpally, Near Congress
Bhavan, which makes it easy for first-time visitors in locating this establishment. It is known to
provide top service in the following categories: CA, GST Registration Consultants, Company
Registration Consultants, Tax Return Filing Agents, Income Tax Consultants, Accountants, Tax
Consultants, and Auditors.
CA Raghava Reddy Thipparthi in Hanamkonda has a wide range of products and / or services to
cater to the varied requirements of their customers. The staff at this establishment is courteous
and prompt at providing any assistance. They readily answer any queries or questions that you
may have. Pay for the product or service with ease by using any of the available modes of
payment, such as Cash, Cheques. This establishment is functional from 10:00 - 21:00.
6. Raju Koyyala & Co

Established in the year 2009, Raju Koyyala in Station Road, Warangal is a top player in the
category CA in the Warangal. This well-known establishment acts as a one-stop destination
servicing customers both local and from other parts of Warangal. Over the course of its journey,
this business has established a firm foothold in its industry. The belief that customer satisfaction
is as important as their products and services have helped this establishment garner a vast base of
customers, which continues to grow by the day. This business employs individuals that are
dedicated towards their respective roles and put in a lot of effort to achieve the common vision
and larger goals of the company. In the near future, this business aims to expand its line of
prominent location in Station Road. It is an effortless task in commuting to this establishment as
there are various modes of transport readily available. It is at, Opposite Sunil Theatre, which
makes it easy for first-time visitors in locating this establishment. It is known to provide top
service in the following categories: CA.
Raju Koyyala in Station Road has a wide range of products and / or services to cater to the varied
requirements of their customers. The staffs at this establishment are courteous and prompt at
providing any assistance. They readily answer any queries or questions that you may have. Pay
for the product or service with ease by using any of the available modes of payment, such as
Cash, Debit Cards, Cheques, Credit Card. This establishment is functional from 09:30 - 18:30.
7. Ramshetty Manu & CO
Established in the year 2016, Ramshetty MANU & CO in Hanamkonda, Warangal is a top player
in the category CA in the Warangal. This well-known establishment acts as a one-stop
prominent location in Hanamkonda. It is an effortless task in commuting to this establishment as
there are various modes of transport readily available. It is at, Above Sbi Bank, which makes it
easy for first-time visitors in locating this establishment. It is known to provide top service in the
following categories: CA, Auditors, Company Registration Consultants, GST Registration
Consultants, Provident Fund Consultants, Tax Consultants, Income Tax Consultants, and
Professional Tax Consultants.
Ramshetty MANU & CO in Hanamkonda has a wide range of products and services to cater to
such as Cash, Cheques, Debit Cards, Credit Card, and Paytm. This establishment is functional
from 10:00 - 20:00.
8. N. Vamshi Krishna & Co

N. Vamshi Krishna & Co in Kashibugga, Warangal is a top player in the category CA in the
Warangal. This well-known establishment acts as a one-stop destination servicing customers
both local and from other parts of Warangal. Over the course of its journey, this business has
established a firm foothold in its industry. The belief that customer satisfaction is as important as
their products and services have helped this establishment garner a vast base of customers, which
continues to grow by the day. This business employs individuals that are dedicated towards their
respective roles and put in a lot of effort to achieve the common vision and larger goals of the
company. In the near future, this business aims to expand its line of products and services and
cater to a larger client base. In Warangal, this establishment occupies a prominent location in
Pochamma Maidan. It is an effortless task in commuting to this establishment as there are
various modes of transport readily available. It is known to provide top service in the following
categories: CA, Auditors.

N. Vamshi Krishna & Co in Kashibugga has a wide range of products and / or services to cater to
such as Cash. This establishment is functional from 10:00 - 17:00.
9. Srikanth T & Associates

Established in the year 2017, SRIKANTH T & ASSOCIATES in Hanamkonda, Warangal is a
top player in the category GST Registration Consultants in the Warangal. This well-known
establishment acts as a one-stop destination servicing customers both local and from other parts
of Warangal. Over the course of its journey, this business has established a firm foothold in its
industry. The belief that customer satisfaction is as important as their products and services have
helped this establishment garner a vast base of customers, which continues to grow by the day.
This business employs individuals that are dedicated towards their respective roles and put in a
lot of effort to achieve the common vision and larger goals of the company. In the near future,
this business aims to expand its line of products and services and cater to a larger client base. In
Warangal, this establishment occupies a prominent location in Hanamkonda. It is an effortless
task in commuting to this establishment as there are various modes of transport readily available.
It is at SBH Colony, Opp Manikanta Motors Car Care, which makes it easy for first-time visitors
in locating this establishment. It is known to provide top service in the following categories: CA,
GST Registration Consultants, Income Tax Consultants, Auditors, Tax Consultants, Tax Return
Filing Agents, GST Return Filing Services, Internal Auditors.
Srikanth T & Associates in Hanamkonda has a wide range of products and / or services to cater
to the varied requirements of their customers. The staffs at this establishment are courteous and
such as Airtel Money, Amazon Pay, BHIM, Cash, Cheque, Debit Card, G Pay, IMPS, and JD
Pay. This establishment is functional from 10:00 - 19:00.
10. Narsingam B Associates CA
Established in the year 2018, Narsingam B Associates Chartered Accountants in Hanamkonda,
Warangal is a top player in the category CA in the Warangal. This well-known establishment
acts as a one-stop destination servicing customers both local and from other parts of Warangal.
Over the course of its journey, this business has established a firm foothold in its industry. The
belief that customer satisfaction is as important as their products and services have helped this
establishment garner a vast base of customers, which continues to grow by the day. This business
employs individuals that are dedicated towards their respective roles and put in a lot of effort to
achieve the common vision and larger goals of the company. In the near future, this business
aims to expand its line of products and services and cater to a larger client base. In Warangal,
this establishment occupies a prominent location in Hanamkonda. It is an effortless task in
commuting to this establishment as there are various modes of transport readily available. It is at
Main Road, Opposite Haritha Kakatiya Hotel, and Nakkalagutta, which makes it easy for first-
time visitors in locating this establishment. It is known to provide top service in the following
categories: CA, Auditors, Company Registration Consultants, GST Registration Consultants,
Tax Return Filing Agents, GST Return Filing Services, Tax Consultants, Income Tax
Consultants.
Narsingam B Associates Chartered Accountants in Hanamkonda has a wide range of products
and services to cater to the varied requirements of their customers. The staffs at this
establishment are courteous and prompt at providing any assistance. They readily answer any
queries or questions that you may have. Pay for the product or service with ease by using any of
the available modes of payment, such as Cash, Cheques. This establishment is functional from
09:00 - 21:00.
1.2.2 Experience Overview (10 firms)
EXPERIENCE OVERVIEW OF CA FIRMS

BY TENURE (10 FIRMS)
S. FIRM NAME YEAR END TENURE

N
O
1. P.V Narayana Rao and 31/03/2022 38 years
Associates
2. Omprakash Harish & 31/03/2022 35 years
Associates
3. G. Pavan Kumar CA 31/03/2022 23 years
4. Bhagwan & Co 31/03/2022 20 years
5. Ragava Reddy 31/03/2022 19 years
Thipparthi CA
6. Raju Koyyala & Co 31/03/2022 13 years
7. Ramshetty Manu & Co 31/03/2022 7 years
8. N. Vamshi Krishna & 31/03/2022 6 years
Co
9. Srikanth T & 31/03/2022 5 years
Associates
10. Narsingam B 31/03/2022 4 years
Associates CA
1.2.3 Objectives of the study
i. The Objectives of this study is about the top 10 CA firms in Warangal.

ii. To focus on the need of CA for various repudiated companies.
iii. To create internship opportunities for the upcoming CA aspirants and also to create
employment opportunities for the various graduates.
iv. To know the satisfaction level of Clients and their responses.
v. To know about the credibility among 10 Charted Accountant Firms.
1.2.4 Methodology of the study

In this study, Secondary data is used. This data is collected from internet, magazines,
records etc. Statistical tools such as percentages, averages, ratios, bar diagrams, pie
diagrams, etc are used to analyze the data.
CHAPTER II
Conceptual Discussion
2.1 Preparation of books on Tally
Following are the books that were made in tally:
I. Voucher Entry
Tally provides flexibility to use predefined voucher types, comprising of accounting and
inventory voucher types to record various business transactions. It also allows you to use
Keyboard Shortcut Keys as well as mouse operations during voucher entry.
To create a new Voucher Type:

Go to Gateway of Tally >Accounts Info. > Voucher Type> Create
Enter the voucher name
Specify the type of voucher
Specify the method of numbering
Activate or deactivate the other functions as required.
II. Books and Registers

Tally provides you capability to generate various books and registers for any specific period viz,
month, date, and year and as on date. In Tally, once voucher entry is made, the transactions are
automatically and immediately in the Day Book and other Books of Accounts without any
additional effort. Tally allows you to maintain and generate all primary books of accounts and
registers like:
i. Cash Book
ii. Bank book
iii. Purchase register
iv. sales register
v. Journal register
vi. Debit note register credit note register
vii. General ledger
2.2 Overview of Tally ERP 9

Tally.ERP 9 is one of the most popular accounting software used in India. It is complete
enterprise software for small & medium enterprises.
Tally.ERP 9 is a perfect business management solution and GST software with an ideal
combination of function, control, and in-built customizability.
Tally.ERP 9 permits business owners and their associates to interact more in accounts related
discussions and is a complete product that retains its original simplicity yet offers comprehensive
business functionalities such as Accounting, Finance, Inventory, Sales, Purchase, Point of Sales,
Manufacturing, Costing, Job Costing, Payroll and Branch Management along with compliance
capabilities for Excise, TDS, TCS, and now GST too.
Tally is the most popular and Highly Effective accounting tool which makes the life of an
accountant easier. Anyone who is looking to enter in the field of accounting or wishes to lead a
successful career in accounting must learn Tally.ERP 9 as the benefits of using Tally.ERP 9 are
more for both small and medium-sized businesses. Moreover the simplicity is the driving force
which allures the users of financial information to actively use Tally as the ERP solution for their
businesses.
2.3 Overview of GST
Auditing is the Systematic examination of records and documents to determine adequacy and
effectiveness of budgeting, accounting, financial, and related policies and procedures;
compliance with applicable statutes, regulations, policies, and prescribed procedures; reliability,
accuracy, and completeness of financial and administrative records and reports; and the extent to
which funds and other resources are properly protected and effectively used. Auditing typically
refers to financial statement audits or an objective examination and evaluation of a company’s
financial statements – usually performed by an external third party. An audit refers to an
examination of the financial statements of a company. Audits are conducted to provide investors
and other stakeholders with confidence that a company’s financial reports are accurate. Audits
also provide regulators with the assurance that a company is adhering to the appropriate
legal and regulatory standards.
Goods and Services Tax (GST) is an indirect tax or consumption tax used in India on the
supply of goods and services. It is a comprehensive, multistage, destination-based tax:
comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to
be refunded to all parties in the various stages of production other than the final consumer and as
a destination-based tax, it is collected from point of consumption and not point of origin like
previous taxes.
Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%,
18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed
under GST and instead are taxed separately by the individual state governments, as per the
previous tax system. There is a special rate of 0.25% on rough precious and semi-precious stones
and 3% on gold. In addition a cess of 22% or other rates on top of 28% GST applies on few
items like aerated drinks, luxury cars and tobacco products. Pre-GST, the statutory tax rate for
most goods was about 26.5%, Post-GST; most goods are expected to be in the 18% tax range.
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and
First Amendment of the Constitution of India by the Indian government. The GST replaced
existing multiple taxes levied by the central and state governments.
The tax rates, rules and regulations are governed by the GST Council which consists of the
finance ministers of the central government and all the states. The GST is meant to replace a
slew of indirect taxes with a federated tax and is therefore expected to reshape the country's $2.4
trillion economy, but its implementation has received criticism. Positive outcomes of the GST
includes the travel time in interstate movement, which dropped by 20%, because of disbanding
of interstate check posts.
2.4 Overview of Taxation
Taxes in India are levied by the Central Government and the State Governments by virtue of
powers conferred to them from the Constitution of India. Some minor taxes are also levied by the
local authorities such as the Municipality.
The authority to levy a tax is derived from the Constitution of India which allocates the power to
levy various taxes between the Union Government and the State Governments. An important
restriction on this power is Article 265 of the Constitution which states that "No tax shall be
levied or collected except by the authority of law". Therefore, each tax levied or collected has to
be backed by an accompanying law, passed either by the Parliament or the State Legislature.
Nonetheless, tax evasion is a massive problem in India, ultimately catalyzing various negative
effects on the country. In 2019–20, the Direct tax collections reported by CBDT were
approximately INR 12.33 trillion.
Constitutionally established scheme of taxation

Article 246 of the Indian Constitution, distributes legislative powers including taxation, between
the Parliament of India and the State Legislature. Schedule VII enumerates these subject matters
with the use of three lists:
i. List - I entailing the areas on which only the parliament is competent to make law
ii. List - II entailing the areas on which only the state legislature can make laws, and
iii. List - III listing the areas on which both the Parliament and the State Legislature can
make laws upon concurrently.
Separate heads of taxation are no head of taxation in the Concurrent List (Union and the States
have no concurrent power of taxation). The list of thirteen Union heads of taxation and the list of
nineteen State heads are given below:
Central government of India
SL.
Taxes as per Union List
No.
82 Income tax: Taxes on income other than agricultural income.
83 Custom Duty: Duties of customs including export duties
Excise Duty: Duties of excise on the following goods manufactured or produced in India namely
84 (a)Petroleum crude (b)high speed diesel (c)motor spirit (commonly known as petrol) (d)natural
gas (e) aviation turbine fuel and (f)Tobacco and tobacco products
85 Corporation Tax
Taxes on capital value of assets, exclusive of agricultural land, of individuals and companies,
86
taxes on capital of companies
87 Estate duty in respect of property other than agricultural land
88 Duties in respect of succession to property other than agricultural land
Terminal taxes on goods or passengers, carried by railway, sea or air; taxes on railway fares and
89
freight.
90 Taxes other than stamp duties on transactions in stock exchanges and futures markets
Taxes on sale or purchase of goods other than newspapers, where such sale or purchase takes
92A
place in the course of inter-State trade or commerce
92B Taxes on the consignment of goods in the course of inter-State trade or commerce
All residuary types of taxes not listed in any of the three lists of Seventh Schedule of Indian
97
Constitution
State governments
SL.
Taxes as per State List
No.
Land revenue, including the assessment and collection of revenue, the maintenance of land
45
records, survey for revenue purposes and records of rights, and alienation of revenues etc.
46 Taxes on agricultural income
47 Duties in respect of succession to agricultural land.
48 Estate Duty in respect of agricultural land
49 Taxes on lands and buildings.
50 Taxes on mineral rights.
Duties of excise for following goods manufactured or produced within the State (i) alcoholic
51 liquors for human consumption, and (ii) opium, Indian hemp and other narcotic drugs and
narcotics.
53 Electricity Duty: Taxes on the consumption or sale of electricity
Taxes on sale of petroleum crude, high speed diesel, motor spirit (commonly known as petrol),
Natural gas aviation turbine fuel and alcohol liquor for human consumption but not including sale
54
in the course of interstate or commerce or sale in the source of international trade or commerce
such goods.
56 Taxes on goods and passengers carried by roads or on inland waterways.
57 Taxes on vehicles suitable for use on roads.
58 Taxes on animals and boats.
59 Tolls
60 Taxes on profession trades, callings and employments
61 Capitation taxes
Taxes on entertainment and amusements to be extent levied and collected by a panchayat or

62
Municipality or a regional council or a district council.
63 Stamp duty
CHAPTER III
Data Analysis
3.1 Ratings of the Clients for their respective CA Firms
Firms No. Of Ratings

Clients
G. Pavan Kumar CA 25 3.6
Bhagwan & Co 35 3.9
Srikanth T & Associates 18 3.5
Narsingam B Associates CA 27 4.0
CA Ragava Reddy Thipparthi 36 4.3
Raju Koyyala & Co 40 4.4
Ramshetty Manu & Co 41 4.5
P.V Narayana Rao and 38 3.8

Associates
Omprakash Harish & 42 4.8

Associates
N. Vamshi Krishna& Co 12 4.3
The above table contains the details of Ratings given by the customers to the respective CA
firms. The above table tells that Omprakash Harish & Associates have the highest Ratings
comparing to all other firms with the Ratings of 4.8 having the clients of 42 members. The
Second highest Ratings are having to Ramshetty Manu & Co with the Ratings of 4.5 having the
Clients of 41 members.
3.2 Apprenticeship members of CA Firms
The below Pie Chart explains about the No .of Apprentices who works in these top 10 CA Firms.
No.of Apprentices
20 14
1. P.V Narayana Rao and

Associates
30
25 2. Omprakash Harish & As-
sociates
3. G. Pavan Kumar CA
4. N. Vamshi Krishna & Co
5. Bhagwan & Co
6. Srikanth T & Associates
11
7. Ramshetty Manu & Co
18 8. Narsingam B Associates CA
9. Raju Koyyala & Co
10. CA Ragava Reddy Thipparthi
20
27
15
10
The above Pie chart explains about the No. Of Apprentices works under these top 10 CA Firms.
Omprakash Harish & Co has the highest no. of Apprentices compared to all the other Firms with
the strength of 30 members. The Second Place is secured by Ramshetty Manu8 & Co with the
strength of 27 members. The least secured Firm is G. Pavan Kumar CA having the strength of 11
members.
3.3 No. Of Companies for Respective CA Firms
The Below Bar Graph explains about the No. of Companies having to the CA Firms.
10. CA Ragava Reddy Thipparthi 51

9. Raju Koyyala & Co 45
8. Narsingam B Associates CA 35
7. Ramshetty Manu & Co 46
6. Srikanth T & Associates 39
Rankings
5. Bhagwan & Co 42 No. Of Companies
4. N. Vamshi Krishna & Co 36
3. G. Pavan Kumar CA 52
2. Omprakash Harish & Associates 56
1. P.V Narayana Rao and Associates
23
0 10 20 30 40 50 60
The above Bar Graph explains about the no. of companies holding by the CA Firms including
their rankings. Out of 10 ranks the first rank is secured by Omprakash Harish & Associates
having companies of 56. The second rank is secured by CA Ragava Reddy Thipparthi having
companies of 51. The least rank is secured by P.V Narayana Rao Associates having 23
companies. With this data we can find that Omprakash Harish & Associates holding the Highest
no. of companies among the rest of Firms.
CHAPTER IV
Findings, Suggestions and Conclusion of the Study
4.1 Findings of the Study

i. This Study reveals that the comparison between 10 different CA Firms in Warangal
District.
ii. Also this study explains about the various Accounting methods like Tally ERP 9,
Auditing, and calculation of GST and also on Taxation.
iii. This study explains about the experience overview of all the 10 CA Firms.
iv. In this study we found that the no. of companies holds by various CA Firms for
auditing of their Accounts.
v. Also we found the no. of Apprentices works under respected CA Firms for their
future job experiences.
vi. We also found that, the rankings of the various CA Firms which was given by the
Clients.
4.2 Suggestions of the study

Through the organizations is really good at everything and everything is well maintained and
managed. But still there are some chances of improvement whether it is human being or any
organization till there are improvements and chances to develop and grow, the organization must
improve itself at its best. In our opinion some of the suggestions or recommendations are:
i. They have good opportunity to introduce the ISO standards training program
which no other firms is given to customers.
ii. Try to adopt new technologies that their competitors are not using.
iii. In comparison with their competitors, Omprakash Harish & Associates. has an
edge in making an accurate and error free report.
iv. The company has mostly professional educated human resources, which are the
biggest threat for the competitors.
4.3 Conclusion of the study

From the given data we got that the firms that gave their best in work has got the best ratings and
better goodwill from their clients.
i. Omprakash Harish & Associates is overall one of the profit making and reputed
firm of the given 10firms.
ii. The organisation since its very first day is devoted to providing quality services.
The detailed and through review of work and clients trust shows the perfection
with which it is working.
iii. The firm has earned a distinction of being placed in the better rating category in
the list of Panel of Auditors maintained by state bank of India.
iv. Moreover, only these category firms can audit of listed companies.
v. The institute of Chartered Accountants of India has also carried out the Quality
Control Review and has issued satisfactory QCR report stating that the firm has
conducted the audit of clients in accordance with International Standards on
Auditing.
CHAPTER V
Bibliography
Reference
1. Reference Books
I. Taxation reference books

i. Tax-Free Wealth
ii. How to Pay Zero Taxes
iii. J.K. Lasser’s Small Business Taxes
II. GST reference books

i. GST guide for students: Making GST- Good and Simple Tax
ii. Goods and Services Tax law book for students
iii. Taxmann’s GST Mini Ready Reckoner
III. Tally reference books

i. Tally ACE
ii. Tally Guru Vol.1 & Vol.2
iii. Tally PRO Vol.1 & Vol.2
IV. Auditing reference books

i. Auditing For Dummies
ii. The Internal Auditing Pocket Guide: Preparing, Performing, Reporting and
Follow-up
iii. Fraud Examination
2. Websites
i. www.sulekha.com/chartered-accountants/warangal
ii. www.justdial.com

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Project Work Report on

CHARTERED ACCOUNTANT PRACTICES – A STUDY IN WARANGAL

Under the Supervision of

KAKATIYA GOVERNMENT COLLEGE HANUMAKONDA

Signature of the candidates Signature of the Supervisor

The Particulars are as follows:

Name of the students Hall Ticket Number

1. EEGA SRAVYA : 006202119

2. VELDANDI SHIVAKRISHNA : 006202381

3. CHILUKA SUJEETH : 006202091

4. JEEDI SHIRISHA : 006202169

Title of the project : CHARTERED

Academic Year : 2021-2022

SUPERVISOR EXTERNAL PRINCIPAL

The project work on CHARTERED ACCOUNTANT PRACTICES – A STUDY IN

guide Kakatiya Government College Hanumkonda for guiding supporting us in completion of

Name of the students Hall Ticket Number Signature of the student

1. EEGA SRAVYA : 006202119

2. VELDANDI SHIVAKRISHNA : 006202381

3. CHILUKA SUJEETH : 006202091

4. JEEDI SHIRISHA : 006202169

We hereby declare that present project report entitled CHARTERED ACCOUNTANT

PRACTICES – A STUDY IN WARANGAL is original work done by us for the award of

partial fulfillment of the requirement of the degree of BACHELOR OF COMMERCE for

Kakatiya University Warangal is a record of bonafide work carried out by us.

or institution for the award of any degree or diploma.

Name of the students Hall Ticket Number Signature of the student

1. 1. EEGA SRAVYA : 006202119

2. VELDANDI SHIVAKRISHNA : 006202381

3. CHILUKA SUJEETH : 006202091

4. JEEDI SHIRISHA : 006202169

2. CHAPTER II: Conceptual Discussion..............

3. CHAPTER II: Data Analysis..................

4. CHAPTER IV: Findings, Suggestions and Conclusion of the

1.1 Introduction of CA Firms in Warangal

1.2 Organisational Structure: Top CA Firms in Warangal

1. P.V Narayan Rao & Associates

2. Omprakash Harish & Associates

5. CA Raghava Reddy Thipparthi

6. Raju Koyyala & Co

8. N. Vamshi Krishna & Co

Products and Services offered

9. Srikanth T & Associates

EXPERIENCE OVERVIEW OF CA FIRMS

S. FIRM NAME YEAR END TENURE

1.2.3 Objectives of the study

i. The Objectives of this study is about the top 10 CA firms in Warangal.

1.2.4 Methodology of the study

2.1 Preparation of books on Tally

Following are the books that were made in tally:

To create a new Voucher Type:

II. Books and Registers

2.2 Overview of Tally ERP 9

2.3 Overview of GST

Constitutionally established scheme of taxation

82 Income tax: Taxes on income other than agricultural income.

83 Custom Duty: Duties of customs including export duties

87 Estate duty in respect of property other than agricultural land

88 Duties in respect of succession to property other than agricultural land

46 Taxes on agricultural income

47 Duties in respect of succession to agricultural land.

48 Estate Duty in respect of agricultural land

49 Taxes on lands and buildings.