BJP & ASSOCIATES - Zirakpur
5/5
★
based on 8 reviews
BJP & Associates - Bjpassociates.com
BJP & Associates provides expertise CA consultancy services. Our services are available for various matters including Setting up of new Ventures, Business Process Outsourcing, Foreign Exchange Management Act, Company Law, Sales Tax, VAT, CST, GST and matters related to Income Tax and Finance, etc.
About BJP & ASSOCIATES
BUDGET 2021 – GROWTH OVER DEFICIT |  |
GENERAL:
- First digital Budget in the history of India
- Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
- 64,180 crores allocated for New Health Schemes
- 35,000 crores allocated for Covid Vaccine
- 7 Mega Textile Investment parks will be launched in 3 years
- 54 lakh crore provided for Capital Expenditure
- 18 lakh crore for Ministry of Roads
- 10 lakh crore allocated to Railways
- Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
- Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
- Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr.
- Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22
- Bad loan bank announced for NPA’s
DIRECT AND INDIRECT TAX
- Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.
- Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
- Proposal to constitute ‘Dispute Resolution Committee’ for small taxpayers. (Taxable income 50 lakhs and disputed income 10 lakh)
- National Faceless Income Tax Appellate Tribunal Centre
- Relaxations to NRI: Propose to notify rules for removing hardship for double taxation
- Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business)
- Propose to provide relief on advance tax liability on dividend income.
- Propose to include tax holidays for Aircraft leasing companies
- Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
- Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
- Late deposit of employee’s contribution by employer will not be allowed as deduction
- Incentive to start-up: Tax holiday exemption for one more year
- Duties reduced on various textile, chemicals and other products
- Gold and Silver (BCD reduced)
- Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.
- GST Audit : Requirement of getting annual accounts audited and reconciliation statement submitted removed.
We hope you find the article useful, for any further queries and clarification you may contact :
CA Bharat Poplani
(BCOM, FCA, FAFD, LLB)
Mob : +91-96463-80245
Contact BJP & ASSOCIATES
| Address : | City Court, Office No 50, 3rd, NH 22 Highway, Zirakpur, 140603, India |
| Phone : | 📞 +998 |
| Postal code : | 140603 |
| Website : | http://www.bjpassociates.com/ |
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Vikram Sasson on Google
★ ★ ★ ★ ★ Bharatji and team - Thanks for all the services so far. It is always a pleasure working with you despite we being out of country and remote and you guys make it so easy for us. The attention to detail and the work that the team does is really great and very helpful. Thanks a lot and keep up the good work.
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Amardeep Dhanjal on Google
★ ★ ★ ★ ★ Well, I've been in touch with Mr Bharat since long and have been utilising his professional services ie. BJP & Associates pertaining to ITRs and various issues connected with my pension. He has dealt my problems with great understanding, concern and given a personal touch while dealing with it. Highly recommended.
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Sumeet Yadav on Google
★ ★ ★ ★ ★ BJP & Associates are best service provider in Auditing and Accounting related matters. Mr. Bharat ji is a very friendly person and provides very transparent, reliable and trustworthy guidance to the clients. I wish good luck to the team of Mr. Bharat Ji. Keep rocking with smile on ur face, U r the best.
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Nikku puri Veer on Google
★ ★ ★ ★ ★ One of the best CA firms across the city. The service provided by the firm is very good and the knowledge to the subject is impeccable .Genuine and true suggestions is given. Would highly recommend everyone to contact BJP &Associates for any Tax/GST/Legal advice/Merchant banking related issues.
Regards
Bhuvan
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Jasleen Hanspal on Google
★ ★ ★ ★ ★ I have been using their services for a few years now. And Mr. Bharat Poplani is knowledgeable and quick with whatever needs to be done. I have never been stressed regarding my financials and ITRs ever since I associated myself with BJP & Associates.
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sonam tsomo on Google
★ ★ ★ ★ ★ Bharat ji and team provides best financial services. From last 4 years all my ITR related issues has been handled very impressively, very knowledgeable and professional. Highly recommended.
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shweta Shahi on Google
★ ★ ★ ★ ★ Working with BJP and Associates has really been a professional experience. They offer a one place business destination with great attention towards the success of their clients. I’ll definitely suggest to have services from them.
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Poonam Bhanot on Google
★ ★ ★ ★ ★ Our experience with BJP & associates has been wonderful. Sh. Bharat ji is a true professional and possess vast knowledge about the financial aspects including the legal domain. He is an amicable person and one really feels comfortable while sharing the details. I highly recommend BJP & associates for all the tax related concerns and also the other financial aspects.
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