M/s Bilash Paul and Associates

14/07/2025

Thrilled to announce the successful launch of CA B.C. Goyal's autobiography, "From Barefoot to Balance Sheet," at the Conference of CA Students 2025 in Chandigarh!
The book was officially unveiled by the esteemed CA Charanjot Singh Nanda, President of ICAI, in a grand ceremony. The event saw the presence of numerous aspiring CA students, making it a truly special occasion.
We were also honored to have CA Aman Bansal ji, Chairman of ICAI Hisar Branch, and Mukul Mittal, Secretary of ICAI Hisar Branch, grace the event. Their presence, along with the enthusiastic participation of the students, highlighted the importance of this inspiring work.
"From Barefoot to Balance Sheet" promises to be an incredible journey of resilience, determination, and success, offering invaluable insights and motivation to all who read it. Congratulations to CA B.C. Goyal on this significant achievement!
CA Kirti Goyal Akhil Goyal CA B C Goyal

01/07/2025

Today's coverage in Dainik Bhaskar

13/06/2025

The cost of lost lives....A truly devastating tragedy

Yesterday, the world woke to heart-wrenching news: an Air India Boeing 787-8 Dreamliner, Flight AI171, bound for London Gatwick, crashed moments after takeoff from Ahmedabad, India. Over 240 lives were lost—mothers, fathers, students, dreamers—leaving only one known survivor amidst the wreckage ...

10/06/2025

Ready for greener skies. Let's Talk about sustainable aviation fuel in the post below

CA Akhil Goyal CA Shalini Gupta Sustainability Infographics 📊 Rajesh Bhalla ji Smriti Irani mam 3A Outsourcing Advisors Let's Talk.. Barbara Albert CPA Australia

01/02/2023

*Major Direct tax proposals (from speech)*

👉 1. Rollout of next gen ITR form
👉 2. New limit for 44AD & ADA : 3 crore & 75 Lacs
👉 3. Expense deduction to MSME to be allowed on payment basis
👉 4. New cooperatives manufacturing tax @ 15% if upto 31.03.24
👉 5. Higher loan limit /cash deposit Rs 2 lacs for PAC society -RDB
👉 *6. Startups:*
a) Date of incorporation for. startup extended to 31.03.24
b) Extension of CF losses 7 yrs in case of change in shareholders

👉 7. Selective scrutiny + More CIT to dispose off small appeals

👉 8. Extension of tax benefits for IFSC

👉 *9. Personal Income tax*
a) Tax rebate limit extended to 7 lacs (new regime)

b) change in tax slabs & new tax rates

0-3 L : Nil
3-6 L : 5%
6L-9L : 10%
9L-12L: 15%
12-15 L : 20%
15L +: 30%

c) Salaried class & pensioners(incl family pensioners) :
Standard deduction extended

d) Highest surcharge reduced from 37% to 25%
Now MMTR : 39%

e) Leave encashment exemption (pvt) increased from 3Lacs to 25 Lacs

f) New tax regime is now default tax regime -Old tax regime will continue.

05/09/2022

"The true'teachers are those who help us think better for ourselves" Dr. Sarvapalli Radhakrishnan.

31/08/2022

Happy Ganesh chaturthi

19/08/2022

Happy Janmashtami

15/08/2022

01/07/2022

Happy Chartered Accountants day. Proud to be a CA

01/02/2022

FM Sitharaman concludes her 90-minute long budget speech:
A roundup of the big announcements so far
1) We have further simplified tax system. Introducing new updated return where people can file updated return within 2 years of the filed IT Return.
2) Reduced alternate minimum tax for cooperatives from 18.5% to 15%.
3) Reduce of surcharge of cooperative societies from 12% to 7% for those having income below 1 crore.
4) Existing tax benefits for Startups which were offered redemption of taxes for 3 consecutive years to be extended by 1 more year.
5) Tax deduction limit to be reduced for central government employees from 18% to 15% in their contribution to NPAs.
6) Virtual digital assets to be taxed at 30% and 1 % TDS on transfer of virtual digital assets.
7) GST payed a remarkable reform in India's GDP.
8) GST revenues are buoyant despite the pandemic, gross GST collection for month of January are over Rs. 1.4 lakh crore. The highest since the inception of GST.
9) Taxpayers deserve applause who have diligently contributed to fulfilling their responsibilities in improved tax & GST.
10) Faceless customs have done exceptional work against all odds and been an enabler in PLI & Ease of Doing Business.

25/12/2021

Merry Christmas Everyone.