B Gupta & Associates
Is a professionally managed chartered accountancy firm operating from National capital region of Delhi, India from past two years.
About Us
B Gupta & Associates
is a professionally managed chartered accountancy firm operating from National capital region of Delhi, India from past two years . Our expertise lies in offering highly reliable Consultancy solutions involving Audit & Assurance, Risk Advisory, Financial Services, Indirect Tax, Direct Tax, Company Law, FEMA / RBI, Economic Zone and Accounting Services.
Our team comprises of competent professionals having rich work experience in the fields of finance, taxation, corporate laws, audit and assurance. We are committed towards assisting our clients in every possible manner to solve all their business problems.
Where we make a difference: We firmly believe in creating value addition for our customers through our well-defined value proposition and leveraging our diversified experiences of past years.
Our services
Following Generally Accepted Accounting Principles (GAAPs)
Generally Accepted Accounting Principles (GAAP) are a set of accounting standards, principles, and procedures used by businesses and organizations to prepare their financial statements.
IND AS workings as per applicability
Ind AS refers to the set of accounting standards adopted by India, which are aligned with the International Financial Reporting Standards (IFRS). These standards provide a comprehensive framework for financial reporting, ensuring consistency.
Implementation of IND AS/IFRS
The transition to Ind AS (Indian Accounting Standards) and IFRS (International Financial Reporting Standards) represents a significant shift in financial reporting practices. These standards are designed to improve the transparency, consistency, and comparability.
Preparation of Financial Statement as per IND AS
Preparing financial statements under Ind AS (Indian Accounting Standards) ensures transparency, comparability, and consistency in financial reporting. Ind AS is based on International Financial Reporting Standards (IFRS),
Following Generally Accepted Accounting Principles (GAAPs)
Generally Accepted Accounting Principles (GAAP) are a set of accounting standards, principles, and procedures used by businesses and organizations to prepare their financial statements.
Free from material misstatements, errors and discrepancies
We are committed to providing information that is free from material misstatements, errors, and discrepancies. We continuously strive to ensure that the data, content, and services
Monitoring organizational ethics.
We prioritize the accuracy and integrity of all the content we provide. We strive to ensure that all information presented on our website is free from material misstatements, errors, or discrepancies.
Conducting effective reviews of operational & financial performance.
we understand that conducting thorough reviews of operational and financial performance is essential for long-term success and growth.
Assessing quality, economy and efficiency of operations
When creating content for a webpage related to taxation, assessing quality, economy, and efficiency of operations is vital to ensure the page.
Suggesting continuous improvement strategies
Continuous improvement is essential for ensuring that a website, especially one dealing with complex content like taxation, remains relevant.
Management oriented advice on organisation and its operations.
Management-oriented advice on organization and its operations focuses on improving the effectiveness, efficiency, and adaptability of an organization to achieve its goals.
Performance and financial services.
In the financial services industry, performance and operations are key indicators of organizational success and sustainability.
Promoting efficiency, economy and effectiveness of management processes
Promoting efficiency, economy, and effectiveness in management processes is essential for optimizing resources, reducing costs, and enhancing
Adding to the reliability and accuracy of operations
Reliability and accuracy are critical components of successful operations in any organization. Reliable operations ensure that business processes consistently deliver the expected results.
Internal Financial controls
Internal financial controls are processes and systems implemented within an organization to ensure the accuracy,
Computation of profits and tax in India as per Finance Act 2001.
The Finance Act of 2001 in India introduced several amendments and updates to the tax laws and accounting practices in the country. When computing profits and tax under the Income Tax Act, 1961 (which governs taxation in India).
Computation of income from international transactions at arm’s length price.
Arm’s Length Price (ALP) refers to the price that is charged in a transaction between two related parties (such as a parent company and its subsidiary) that would have been charged in a similar transaction between unrelated parties.
Advisory and compliance services in relation to impact of international transactions with another unit.
International transactions between related parties, such as subsidiaries or branches of a multinational group, have significant implications on both tax compliance and financial reporting.
Conduct of audit as per the requirement of GST laws.
The conduct of an audit under GST (Goods and Services Tax) laws is a process where businesses’ financial records are examined to ensure compliance with the provisions of the GST Act.
Confirming the turnover as per books are in line with the turnover disclosed on GST portal.
Confirming that the turnover as per the books of accounts aligns with the turnover disclosed on the GST portal is a crucial part of the GST audit process.
Checking the input claimed by the assessee on GST portal is as per Books and GSTR 2A
Checking whether the Input Tax Credit (ITC) claimed by the assessee on the GST portal is in line with the Books of Accounts and GSTR-2A is an essential part of the GST audit process.
Evaluating the internal controls of assessee related to regular compliance of GST laws.
Evaluating the internal controls of an assessee (taxpayer) related to the regular compliance of GST laws is a critical part of the audit process.
Conduct of tax audit under section 44AB of Income tax act, 1961.
The tax audit under Section 44AB of the Income Tax Act, 1961 is a mandatory audit that needs to be conducted by a Chartered Accountant (CA) for taxpayers, typically businesses or professionals, whose income exceeds specified limits or who fall under certain categories.
Filing of forms 3CA, 3CB and 3CD.
Filing of Forms 3CA, 3CB, and 3CD is a crucial part of the tax audit process under Section 44AB of the Income Tax Act, 1961. These forms are used by Chartered Accountants (CAs) to report the findings of their audit
Filing other forms like 29B, 10B etc.
Form 29B is an important tax-related document required by companies to file with the income tax department in India. It is used to report the audit report for companies that are under tax audit provisions under Section 44AB of the Income Tax Act.
GST Advisory and compliances.
In today’s fast-evolving business landscape, understanding and complying with Goods and Services Tax (GST) regulations is crucial for businesses of all sizes. Whether you’re a small business owner or a large enterprise
GST Return filing
GST Return filing is an essential process for businesses registered under Goods and Services Tax (GST) in India. Ensuring accurate and timely filing of GST returns is critical to avoid penalties, maintain compliance.
GST Audit
A GST audit is a process wherein a taxpayer’s financial records are examined to verify the accuracy of GST returns filed and the payments made. It ensures that businesses comply with the Goods and Services Tax (GST).
Customs Advisory and compliances.
Customs compliance is a critical aspect of international trade. Whether you’re importing or exporting goods, understanding and adhering to customs regulations is essential to avoid delays
Assisting in Income tax proceedings
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Income Tax return filings
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Income Tax forms
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
TDS returns and compliances
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Computation of profits and tax in India as per Finance Act 2001.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Computation of income from international transactions at arm’s length price.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Advisory and compliance services in relation to impact of international transactions with another unit.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
M.com, ACA
Barkha Gupta (Proprietor)
Barkha is a qualified Chartered Accountant since 2010 having 13 years of rich industry wide experience in Statutory Audits, Indian Accounting Standard (IND AS), IFRS, Internal Audits, Income Tax ,Corporate Law & Direct Tax.
She is an ex-EY and has worked for EY for almost 9 years as the Audit Manager. She is familiar with the challenges of day to day accounting and controls overs the financial statements. She leads the Audit and Assurance practice. She is also exLenskart and ex-J.C. Bhalla. She has worked closely with FCM Travel Solutions, Ship-rocket, Zomato, Lenskart, Hike in various engagements. During her tenure in Lenskart, she was leading the Financial Reporting division of the company.
How It Work
Work Process
Research Projects
Lorem ipsum dolor sit amet, consectetur adipiscing elit. luctus nec ullamcorper mattis, pulvinar dapibus leo.
Targeting Analysis
Lorem ipsum dolor sit amet, consectetur adipiscing elit. luctus nec ullamcorper mattis, pulvinar dapibus leo.
Final Results
Lorem ipsum dolor sit amet, consectetur adipiscing elit. luctus nec ullamcorper mattis, pulvinar dapibus leo.
M.com, ACA
Barkha Gupta (Proprietor)
Testimonials