A.K.JALAN & ASSOCIATES

A.K.JALAN & ASSOCIATES The firm was established in the year 1985. It is a leading chartered accountancy firm rendering comprehensive professional services. A. K.

Jalan & Associates, CA was established in the year 1985. It is a leading chartered accountancy firm rendering comprehensive professional services which include Audit and other attest functions, Management consultancy, Tax consultancy, Accounting services, Arbitration, Business Valuations, Liasioning and Representation, Insurance Surveys and Loss Assessments, Forensic Accounting, Foreign Investme

nts, NRI and Foreign Investments in India, Manpower management, Secretarial services etc. Jalan & Associates, CA is a professionally managed firm. The team consists of distinguished Chartered Accountants, Cost Accountants, Advocates, Corporate Financial Advisors and Tax Consultants. The firm represents a combination of specialized skills, which are geared to offer sound financial advice and personalized proactive services. Those associated with the firm have domain knowledge of various Industries like - Iron & Steel, Chemicals & Fertilizers, Bulk Drugs, Pharmaceutical formulations, Food Processing Industries, Civil Constructions, Building & Developments, Finance & Investments, NBFC, Broking, Retailing and Marketing, Commodities Trading, Charities and Religious Bodies, Local Self Governments, Co-operatives- Primary and Apex, State and Central Government Departments and Organisations, Insurance and Banking and have regular interaction with industry and other professionals which enables the firm to keep pace with contemporary developments and to meet the needs of its clients. We are committed to :

* Place the Interest of our Clients before our interest.
* Uphold High Standards of Honesty and Integrity.
* Endeavour to Improve the Quality of Services coupled with efficiency and hard work.
* To achieve excellence in Professional Services.
* Continuous Education and Training of Staff and Clients

08/06/2022

Urgently required Qualified CA / Semi Qualified CA / Articles for Audit and Taxation profile for our karol bagh branch. If interested, kindly send in your CV at [email protected]

01/02/2018

Union Budget 2018 Highlights:
PAN to be obtained by all entities including HUF other than individuals in case aggregate of financial transaction in a year is Rs 2, 50,000 or more. All directors, partners, members of such entities also to obtain PAN.

01/02/2018

Union Budget 2018 Highlights:
All companies irrespective of income to file return and in case it is not filed, such companies will be liable for prosecution irrespective of the fact weather it has tax liability of Rs 3,000 or not.
Assessments to be E assessment under new section 143(3A).
No adjustment under section 143(1) while processing on account of mismatch with 26AS and 16A.

01/02/2018

Union Budget 2018 Highlights:
Penalty for non filing financial return as required under section 285BA being increased to Rs 500 per day.

01/02/2018

Union Budget 2018 Highlights:
Income Computation and Disclosure Standards (ICDS) being given statutory backing in view of decision of Delhi High Court decision.
Marked to market loss computed as per ICDS to be allowed under section 36.
Gain or loss in Foreign Exchange as per ICDS to be allowed under new section 43AA.
Construction Contract income to be computed on percentage completion method as per ICDS.
Valuation of Inventory including Securities to be as per ICDS.

01/02/2018

Union Budget 2018 Highlights:
Agriculture Commodity Derivative income /loss also not to be considered as speculative under section 43(5).

01/02/2018

Union Budget 2018 Highlights:
Provision of section 40(IA) and 40A (3) and 40A (3A) are being made applicable to Charitable Trust. Hence expenditure incurred without deduction of tax and in cash will not be eligible as application of income under section 10(23C) and section 11(1) (a).

01/02/2018

Union Budget 2018 Highlights:
Provision of Section 43CA, 50C and 56(2) (x) being amended to allow 5% of sale consideration in variation Vis a Vis stamp duty value. On account of location, disadvantage etc.

01/02/2018

Union Budget 2018 Highlights:
Standard Deduction of Rs 40,000 for salaried employees. However benefit of transport allowance of Rs 19,200 and Medical Reimbursement of Rs 15,000 under Section 17(2) are being withdrawn. Thus net benefit to salaries class only Rs 5,800.

01/02/2018

Union Budget 2018 Highlights:
Long term Capital gain exemption under section 10(38) in respect of listed STT paid shares being withdrawn.
However capital gain up to 31.1.2018 shall not be taxed as cost of acquisition will be taken as Fair Market Value as on 31.1.2018.
Tax on STT paid long term capital Gain will be 10% under Section 112A. Further such tax will be liable for TDS.

01/02/2018

Union Budget 2018 Highlights:
For Domestic Companies having total turnover or gross receipts not exceeding Rs 250 crores in Financial year 2016-17 shall be liable to pay tax at 25% as against present ceiling of Rs 50 crore in Financial year 2015-16.

01/02/2018

Union Budget 2018 Highlights:
No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax. However Education cess is being increased from 3 to 4 % to be known as Education and Health cess.

Address

17A/56, UG-5, TRIVENI Plaza, WEA, KAROL BAGH
Delhi
110005

Telephone

+91 11 2574 8622

Website

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