Welcome! I’m CA. Bigyan Kumar Mishra.
We Offer Financial Services To Our Clients
We are a CA Firm based out of Bhubaneswar, Odisha. We at BIGYAN MISHRA & Co, Chartered Accountants, provide all type of financial services for businesses spanning every sector and market. Discover how we can help you to build exceptional businesses.
Company Registration
We specialize in incorporating small businesses in India. We can help you register your company in Odisha and in other places of India.
Income Tax Return Filing
We at BIGYAN MISHRA & CO can help you in filing your personal tax return. We provides income tax efiling services with dedicated tax expert support.
Company Compliance
We at Bigyan Mishra & Co, can assist in filing your audited financial statements and annual return with ROC.
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The Blog
Powers and Duties of Auditors under Section 143 (Companies Act 2013) – Simple Guide for Beginners
If you have ever wondered how companies ensure their financial statements are trustworthy, the answer often lies in the work of an auditor. Under the Companies Act, 2013, auditors are given specific powers and responsibilities so they can properly examine a company’s accounts. Section 143 of the Act explains what auditors are allowed to do…
Eligibility, Qualifications and Disqualifications of Company Auditors in India (Section 141 Explained)
When a company in India prepares its financial statements, someone independent must check whether the numbers are correct. This checking process is called an audit. But not everyone is allowed to become a company auditor. The Companies Act, 2013, specifically Section 141, clearly explains who can become an auditor and who cannot. Understanding these rules…
Auditor Remuneration Under Section 142 of Companies Act, 2013 (Simple Guide for Beginners)
When a company appoints an auditor, one practical question always comes up — how much will the auditor be paid and who decides that amount? In India, this is explained in Companies Act, 2013, specifically under Section 142, which talks about auditor remuneration. Many beginners think the auditor decides the fee themselves. In reality, the…
Removal and Resignation of Auditor Under Companies Act 2013: Simple Guide for Beginners
If you run a company in India, one professional you will regularly deal with is the auditor. An auditor checks the company’s financial records and ensures that accounts are presented honestly. But sometimes situations change. A company may want to remove its auditor before the term ends. In other cases, the auditor may decide to…
National Financial Reporting Authority (NFRA) Explained: How India Monitors Auditors and Audit Quality
If you have ever looked at a company’s financial statements, you may have noticed that an auditor signs the report. That signature tells investors and regulators that the company’s financial numbers were checked properly. But a natural question comes up: Who checks the auditors themselves? In India, that responsibility largely falls on the National Financial…
Casual Vacancy of Auditor Explained Simply: How Companies Fill Auditor Vacancies in India
A company appoints an auditor to check its financial records and confirm that the accounts are correct. Normally, this auditor continues until the next Annual General Meeting (AGM). But sometimes something unexpected happens. For example: The auditor resigns The auditor passes away The auditor becomes unable to continue When the auditor’s position becomes empty before…
Auditor of Government Companies in India: Appointment, CAG Role & Audit Process Explained Simply
Imagine a company that is owned or controlled by the government. Since public money is involved, the government wants to ensure that every rupee is accounted for properly. This is where the Comptroller and Auditor General of India (CAG) comes into the picture. In government companies, the process of appointing auditors and reviewing financial statements…
Rotation of Company Auditor Under the Companies Act, 2013 – Simple Guide for Beginners in India
Imagine a company using the same auditor for many years. At first it may seem comfortable because the auditor already understands the company’s books. But over time, this can reduce independence. To avoid this situation, Indian company law requires rotation of auditors after a certain period. Under the Companies Act, 2013, certain companies must change…
Starting a Private Limited Company in India? Here’s How Auditor Appointment Actually Works
If you start a company in India, one of the early formalities is appointing an auditor. Many beginners hear this word during company registration but feel unsure about what it actually means. An auditor is a professional who checks whether a company’s financial records are correct and properly maintained. This article explains how auditors are…
10+ FAQs to Understand Auditor Appointment under Companies Act 2013 in India
If you are studying company law or trying to understand how companies maintain financial transparency, you will quickly come across the topic of auditor appointment under the Companies Act, 2013. Many beginners feel confused about how auditors are appointed, how long they stay in office, and when they can be removed. The law contains many…
Continue Reading » 10+ FAQs to Understand Auditor Appointment under Companies Act 2013 in India
Appointment of Company Auditors under Section 139 of the Companies Act, 2013: A Simple Guide for Beginners
When a company prepares its financial statements, someone independent must check whether those numbers are correct. That independent professional is called the auditor. Under the Companies Act, 2013, specific rules explain who can become an auditor, how they are appointed, how long an auditor can serve, and what responsibilities they have. If you are new…
Commencement of Business under Section 10A (Companies Act 2013): Simple Guide for New Companies in India
Many people believe that once a company is registered in India, it can immediately start business operations. In practice, there is one important confirmation that must be completed first. Under Section 10A of the Companies Act, 2013, certain companies must confirm that their shareholders have actually invested the money they promised while forming the company.…
Registered Office of a Company (Companies Act 2013): Simple Guide for Beginners
Every company in India must have an official address where government authorities, banks, and other people can send important communication. This address is known as the registered office of the company. It acts as the official legal location of the company. The Companies Act, 2013 requires every company to establish and report its registered office…
Continue Reading » Registered Office of a Company (Companies Act 2013): Simple Guide for Beginners
Private Company Compliances After Incorporation in India: Simple Beginner Guide to INC-20A, Board Meetings & Legal Steps
Imagine you and a few friends register a Private Limited Company in India. The certificate of incorporation arrives, and it feels like the business has officially begun. But in practice, incorporation is only the starting point. After a company is registered, there are several initial legal compliances that must be completed within specific time limits.…
Private Limited Company Annual Compliance in India Explained (Beginner Guide)
Annual compliance simply means regular filings and formalities that every company must complete each year with the government. These filings keep the company legally active and transparent. If you run a Private Limited Company or are planning to start one, understanding these basic compliances will save you from penalties and unnecessary stress later. Key Takeaways…
Continue Reading » Private Limited Company Annual Compliance in India Explained (Beginner Guide)
B2B vs B2C Invoices in GST Explained for Beginners: Large and Small Invoice Rules in India
When you run a business under the Goods and Services Tax (India), every sale must be recorded properly. The document used to record that sale is called a GST invoice. But here is something that often confuses beginners: Some invoices are called B2B, some B2C, and within B2C there are Large and Small invoices. If…
What is Form 16? A Simple Guide for Salaried Employees in India
Imagine it is June, and your company sends an email saying your Form 16 is ready to download. Many salaried employees see this message every year, but not everyone fully understands what the document actually shows. In simple terms, Form 16 is a summary of your salary and the tax deducted from it during the…
Continue Reading » What is Form 16? A Simple Guide for Salaried Employees in India
Salary Income in India Explained: Guide to Salary Tax, Allowances, and Deductions for Beginners
If you work in a job and receive a monthly salary, this income falls under the “Salary” head of income in the Indian Income Tax system. Many beginners assume salary simply means the money credited to their bank account every month. In practice, the tax rules look at salary in a much broader way. Apart…
What Is a Company in India? Meaning, Features & Types Explained Simply for Beginners
A company is simply a business structure that the law treats as its own independent person after registration under the Companies Act, 2013. In practical terms, this means the business gets its own identity separate from the people who started it. Once formed, a company can: Have its own name Own assets like land or…
Understanding the income statement (P/L) of a company
Financial statements are prepared and reported by all listed companies to present the financial position for a period to the stakeholders. Financial statements of a company have five main parts: the balance sheet, income statement, cash flow statement, notes to accounts and shareholders / owner’s equity. In this article, we will be looking at the…
Continue Reading » Understanding the income statement (P/L) of a company