"B K Baranwal & Company (Chartered Accountants) is a Mumbai (MMR) based CA Firm. We at B K Baranwal are providing services to all kind of entities including Individuals, NRIs, PIOs and HNIs. We are committed to assist our clients for providing effective solutions to Accounting matters, Audit as per standards, Taxation issues including Income Tax, GST, Representation, Legal support including drafting of Legal Documents, Certifications and Management Consultancy etc. The Firm has been set up by CA. Brijesh Baranwal (FCA), who holds a degree of LL.B. from Campus Law centre, Delhi University and B.Com.(H.) from Banaras Hindu University. Before setting up the CA Firm, he worked in Securities and Exchange Board of India (SEBI) at its head office in Mumbai and prior to that worked in Rural Electrification Corporation Ltd. (A Navratna PSU) in its Delhi head office after qualifying as a Chartered Accountant in Nov, 2006 CA Final exams in first attempt (both groups). CA. Brijesh Baranwal has also served as a special Invitee of the Committee for Co-operatives and NPO Sectors of the Institute of Chartered Accountants of India (ICAI) for the year 2012-13 and has authored several books and publications spreading across the academics as well as fiction novels including “Taxation of Cooperatives and NPO Sectors” published by the Institute of Chartered Accountants of India and a study paper on “Performance of State Government in Hospitality Sector.” His published works of fiction include novels such as “Love of the thorns” and “The world is at my feet” which are easily available on online platforms such as Amazon as well as offline also. The same has also been recognized in the member’s achievement category in the Western India Chartered Accountants Newsletter. Since the establishment of his independent practice, in a span of more than 12 years, CA. Brijesh Baranwal has represented several individuals and entities in the Income Tax Department, more particularly in income tax appeal matters, as well as with other Government Authorities, involving diverse and complex taxation and litigation issues, across the country including Agra, Varanasi, New Delhi and Mumbai. After having successfully run offices in Dwarka, New Delhi and Andheri, Mumbai, CA. Brijesh Baranwal is now currently placed at Rustomjee Global City, Virar (West), Mumbai MMR. Contact: B K Baranwal and Company (Chartered Accountants), Unit No. C-33, Poonam Park View, Avenue L-5, Opp. Club One, Rustomjee Global City, Virar West, Palghar, Maharashtra-401303. Mobile: 9312412020 Email: bkbcafirm@gmail.com cabrijesh@yahoo.co.in Web: www.bkbaranwal.in "
Explore how land acquisition for development projects like road widening impacts taxation for rural landowners under the Income Tax Act and RFCTLARR Act.
Explore the deductions available under the Old vs. New Income Tax Regime effective from 01.04.2023 (FY 2023-2024, AY 2024-2025)
Understanding the implications of the Honble Supreme Court order on income tax reassessment notices under new provisions. Learn more here.
EXTENSION OF DUE DATES Central Board of Direct Taxes (CBDT), through its Circular No. 17/2021, dated September 9, 2021, has extended the due date for filing Income Tax Returns (ITRs) for Assessment Year 2021-2022 (Financial Year 2020-2021). The said extension of time lines for income tax returns and audit reports (wherever applicable) have been summarized […]
In recent times, cases of additions of income by respective Income Tax Officers/Assessing Officers have increased substantially. Factor such as demonetization, increased reliance on information technology and availability of tremendous data available with the Income Tax Department have contributed in the growth of litigations between the assessees and the income tax department. APPEAL BEFORE COMMISSIONER […]
As per the combined readings of provisions of sections 44AB, 44AD and 44ADA of the Income Tax Act, 1961, every person carrying a business whose turnover exceeds Rs.1Cr./ 2 Cr. (as the case may be), or carrying on a profession whose gross receipts exceed Rs. 50 Lakh in the relevant assessment year, must get his/her accounts audited.
The last date for filing Income Tax Return is July 31st of every year (Extended up to 31st August 2019 for Assessment Year 2019-2020 and with few certain exceptions as provided above), which can be belatedly filed up to March 31. For example, Income Tax Returns for Assessment Year 2019-20 (Financial Year 2018-2019), can be filed belatedly till 31st March 2020.
Standard deduction for salaried persons has been increased to Rs. 50,000 from earlier Rs. 40,000. Long term capital gains exemption under section 54 for sell of residential house has been extended to two residential houses from one earlier, for capital gains up to Rs. 2 Crores.
CA Brijesh Baranwal 1. NRIs whose taxable Indian Income exceeds basic exemption limit or who have earned short-term or long-term capital gains from sale of any investments or assets are liable to file income tax return in India, even if the gains are less than the basic exemption limit. 2. Exception: If taxable income consisted […]
Under the provisions of Indian Income Tax Laws, if the income of a person exceeds the basic exemption limit, filing of Income Tax Return (ITR) is required. However, In those cases where a person have an asset or financial interest in an entity located outside India or he/she is signing authority in a foreign bank account, then filing of Income Tax Return (ITR) is mandatory even if income is below exemption limit.
