Chartered Accountants · Morbi, Gujarat
"Your goals are our goals too"
Scroll to exploreWho We Are
CA Dipak V Bakrania established the firm in the year 2000 in "The Ceramic City — Morbi." A qualified Chartered Accountant since 1992, he brings over 33 years of professional experience in the field of Auditing and Finance, having served over two hundred satisfied companies and firms.
At our firm, we continuously look for avenues to assimilate value-added knowledge — for our people, for our clients, and for society as a whole. We aim to blend professionalism with the highest standards of service in our pursuit of excellence.
Over the years we have grown as an accounting firm offering clients an array of services in fields of accounting, assurance, tax, regulatory, consultancy, and outsourcing services.
What We Do
Our Clients
We have been associated with clients from different industries of various size — from Public listed companies to Small MSME Units.
Reach Us
For any query, suggestions, or information, please write to us at ddbakrania@gmail.com. We typically respond within 1–2 business days.
Located in the heart of Morbi at Satved Plaza on Sanala Road, easily accessible from all parts of the city.
All sections, thresholds, TCS rates — Finance Act 2025
| Old Section (up to 31 Mar 2026) |
New Reference (from 1 Apr 2026) |
Code | Nature of Payment | Threshold | Rate (PAN) | No PAN |
|---|---|---|---|---|---|---|
| SALARY | ||||||
| 192 | Sec 392 | 1001 | Salary (all categories) | Basic exemption limit | Avg slab rate | — |
| 192A | Sec 392(7) | 1004 | Premature Withdrawal from EPF | ₹50,000 | 10% | 20% |
| INTEREST & DIVIDENDS | ||||||
| 193 | 393(1) [Sl. 5(i)] | 1019 | Interest on Securities / Listed Debentures | ₹10,000 | 10% | 20% |
| 194 | 393(1) [Sl. 7] | 1029 | Dividend | ₹10,000 | 10% | 20% |
| 194A | 393(1) [Sl. 5(ii).D(a)] | 1020 | Interest — Bank / Post Office (Senior Citizen) | ₹1,00,000 p.a. | 10% | 20% |
| 194A | 393(1) [Sl. 5(ii).D(b)] | 1021 | Interest — Bank / Post Office (Others) | ₹50,000 p.a. | 10% | 20% |
| 194A | 393(1) [Sl. 5(iii)] | 1022 | Interest — by Others (non-bank) | ₹10,000 p.a. | 10% | 20% |
| WINNINGS & PRIZES | ||||||
| 194B | 393(3) [Sl. 1] | 1058 | Lottery / Crossword / Card Games (not online) | ₹10,000 per transaction | 30% | 30% |
| 194BA | 393(3) [Sl. 2] | 1060 | Online Games | No limit | 30% | 30% |
| 194BB | 393(3) [Sl. 3] | 1062 | Winnings from Horse Races | ₹10,000 per transaction | 30% | 30% |
| CONTRACTORS & PROFESSIONALS | ||||||
| 194C | 393(1) [Sl. 6(i).D(a)] | 1023 | Contractor — Individual / HUF | ₹30,000 single / ₹1,00,000 aggregate | 1% | 20% |
| 194C | 393(1) [Sl. 6(i).D(b)] | 1024 | Contractor — Others (Company etc.) | ₹30,000 single / ₹1,00,000 aggregate | 2% | 20% |
| 194J(a) | 393(1) [Sl. 6(iii).D(a)] | 1026 | Technical Services / Call Centre / Film Royalty | ₹50,000 p.a. | 2% | 20% |
| 194J(b) | 393(1) [Sl. 6(iii).D(b)] | 1027 | Professional Services / Royalty | ₹50,000 p.a. | 10% | 20% |
| 194J(b) | 393(1) [Sl. 6(iii).D(b)] | 1028 | Remuneration to Director (no threshold) | Nil | 10% | 20% |
| 194M | 393(1) [Sl. 2(i)] | 1007 | Contractor/Professional by Individual/HUF (not liable to audit) | ₹50,00,000 p.a. | 2% | 20% |
| INSURANCE & COMMISSION | ||||||
| 194D | 393(1) [Sl. 1(i)] | 1005 | Insurance Commission — Individual | ₹20,000 | 2% | 20% |
| 194D | 393(1) [Sl. 1(i)] | 1005 | Insurance Commission — Others (Company) | ₹20,000 | 10% | 20% |
| 194DA | 393(1) [Sl. 8(i)] | 1030 | Life Insurance Policy (taxable portion only) | ₹1,00,000 p.a. | 2% | 20% |
| 194EE | 393(1) | — | National Savings Scheme withdrawal | ₹2,500 | 10% | 20% |
| 194G | 393(1) | — | Commission — Lottery Ticket Sales | ₹20,000 | 2% | 20% |
| 194H | 393(1) [Sl. 1(ii)] | 1006 | Commission / Brokerage | ₹20,000 | 2% | 20% |
| RENT & PROPERTY | ||||||
| 194-I(a) | 393(1) [Sl. 2(ii).D(a)] | 1008 | Rent — Plant / Machinery / Equipment | ₹50,000 per month | 2% | 20% |
| 194-I(b) | 393(1) [Sl. 2(ii).D(b)] | 1009 | Rent — Land / Building / Furniture / Fitting | ₹50,000 per month | 10% | 20% |
| 194-IA | 393(1) [Sl. 3(iii)] | 1012 | Transfer of Immovable Property (non-agri) | ₹50,00,000 | 1% | — |
| 194-IB | 393(1) [Sl. 2(i)] | — | Rent by Individual/HUF (not liable to audit) | ₹50,000 per month | 2% | — |
| 194-IC | 393(1) [Sl. 3(ii)] | 1011 | Monetary Consideration — Joint Development Agreements | Nil | 10% | 20% |
| 194LA | 393(1) [Sl. 3(iii)] | 1012 | Compensation on Acquisition of Immovable Property | ₹5,00,000 | 10% | 20% |
| MUTUAL FUNDS & INVESTMENTS | ||||||
| 194K | 393(1) [Sl. 4(i)] | 1013 | Income from Mutual Fund / Specified Company Units | ₹10,000 | 10% | 20% |
| 194LBA | 393(1) [Sl. 4(ii)] | 1014 | Business Trust — Interest / Dividend to resident unit holders | Nil | 10% | 20% |
| 194LBB | 393(1) [Sl. 4(iii)] | 1017 | Investment Fund u/s 224 — Income to unit holders | Nil | 10% | 20% |
| 194LBC | 393(1) [Sl. 4(iv)] | 1018 | Securitisation Trust — Income to investors | Nil | 10% | 20% |
| CASH, GOODS & DIGITAL ASSETS | ||||||
| 194N | 393(1) | — | Cash Withdrawal — Non-ITR filers | ₹20,00,000 | 2% (₹20L–₹1Cr) / 5% (above ₹1Cr) | — |
| 194N | 393(1) | — | Cash Withdrawal — ITR filers | ₹1,00,00,000 | 2% | — |
| 194O | 393(1) [Sl. 8(v)] | 1035 | E-Commerce Operator to Participants (Ind/HUF) | ₹5,00,000 | 0.1% | 5% |
| 194Q | 393(1) [Sl. 8(ii)] | 1031 | Purchase of Goods | ₹50,00,000 p.a. | 0.1% | 5% |
| 194R | 393(1) [Sl. 8(iv)] | 1033 | Benefits / Perquisites from Business / Profession | ₹20,000 | 10% | 20% |
| 194S | 393(1) [Sl. 8(vi)] | 1037 | Virtual Digital Assets / Crypto | ₹10,000 | 1% | — |
| 194T | 393(1) | — | Salary / Remuneration / Interest / Bonus — Firm to Partners | ₹20,000 | 10% | 20% |
| 206AA | Sec 395 / 396 | — | No PAN available | — | Higher of: applicable rate or 20% | |
| Old Section | New Reference (from 1 Apr 2026) | Goods / Services | Nature | Threshold | Rate |
|---|---|---|---|---|---|
| 206C(1) | 394(1) [Sl. 1] | Alcoholic Liquor for Human Consumption | Sale | — | 2%* |
| 206C(1) | 394(1) | Indian Made Foreign Liquor | Sale | — | 1% |
| 206C(1) | 394(1) | Minerals, Coal, Lignite, Iron Ore (by trader) | Sale | — | 1% |
| 206C(1) | 394(1) [Sl. 4] | Scrap | Sale | — | 2%* |
| 206C(1) | 394(1) | Tendu Leaves | Sale | — | 5% |
| 206C(1) | 394(1) | Timber (forest lease or other mode) | Sale | — | 2% |
| 206C(1C) | 394(1) | Parking Lot / Toll Plaza / Mining & Quarrying | Lease/Licence | — | 2% |
| 206C(1F) | 394(1) | Motor Vehicles & High Value Items | Sale | ₹10,00,000 per transaction | 1% |
| 206(1G) | 394(1) | Overseas Tour Package | Sale | Nil | 5% (up to ₹10L) / 20% (above ₹10L) |
| 206(1G) | 394(1) | Foreign Remittance (LRS) — Education Loan u/s 80E | Remittance | ₹10,00,000 | Nil |
| 206(1G) | 394(1) | Foreign Remittance (LRS) — Education/Medical (other) | Remittance | ₹10,00,000 | 5% |
| 206(1G) | 394(1) | Any Other Foreign Remittance (LRS) | Remittance | ₹10,00,000 | 20% |
| 206CC | 394 / 396 | No PAN — TCS | — | — | Higher of: twice rate or 5% |
| Payment Type | Income Range | Surcharge | H&E Cess (4%) |
|---|---|---|---|
| Salary (Residents) | Up to ₹50 Lakhs | Nil | Yes |
| Salary (Residents) | ₹50L – ₹1 Crore | 10% | Yes |
| Salary (Residents) | ₹1Cr – ₹2 Crore | 15% | Yes |
| Salary (Residents) | Above ₹2 Crore | 25% (New Regime) / 25-37% (Old) | Yes |
| All Other TDS Payments | — | No surcharge on TDS (other than salary) | No |
Individuals, Senior Citizens, Companies, Firms, Rebate & Surcharge
All categories: Individuals, Senior Citizens, Companies, Firms, Rebate & Surcharge
| Income Slab | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Income Slab | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Income Slab | Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Income Slab | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Income Slab | Rate |
|---|---|
| Up to ₹5,00,000 | Nil |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
| Income Slab | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Old Regime | New Regime | |
|---|---|---|
| Income eligible for rebate | Up to ₹5,00,000 | Up to ₹12,00,000 |
| Rebate amount (max) | ₹12,500 | ₹60,000 |
| Standard Deduction (Salary) | ₹50,000 | ₹75,000 |
| Effective nil tax up to | ₹5,00,000 | ₹12,75,000 (with std deduction) |
| Category | Tax Rate | Surcharge | Cess |
|---|---|---|---|
| Any other Domestic Company (general rate) | 30% | 7% (₹1Cr–₹10Cr) / 12% (above ₹10Cr) | 4% |
| Section 115BA — Manufacturing company (set up on/after 1.3.16) | 25% | 7% / 12% | 4% |
| Section 115BAA — Any Domestic Company (optional) | 22% | Flat 10% (no marginal relief) | 4% |
| Section 115BAB — New Domestic Manufacturing Co. (set up on/after 1.10.19, commenced before 31.3.24) | 15% | Flat 10% (no marginal relief) | 4% |
| Minimum Alternate Tax (MAT) | 15% | As applicable | 4% |
| Category | Rate | Surcharge | Cess |
|---|---|---|---|
| General rate | 35% | 2% (₹1Cr–₹10Cr) / 5% (above ₹10Cr) | 4% |
| Royalty / Technical Service fees (pre-April 1976 agreements, Govt. approved) | 50% | 2% / 5% | 4% |
| Item | Rate |
|---|---|
| Income Tax | 30% |
| Surcharge (if total income > ₹1 Crore) | 12% |
| Health & Education Cess | 4% |
| Income | Rate |
|---|---|
| Up to ₹10,000 | 10% |
| ₹10,001 – ₹20,000 | 20% |
| Above ₹20,000 | 30% |
| Sec 115BAD — Optional regime | 22% |
| New Manufacturing Co-op (on/after 1.4.23) | 15% |
| AMT on Co-operative Society | 15% |
| Taxable Income Range | Surcharge Rate |
|---|---|
| Up to ₹50,00,000 | Nil |
| ₹50,00,001 – ₹1,00,00,000 | 10% |
| ₹1,00,00,001 – ₹2,00,00,000 | 15% |
| Above ₹2,00,00,000 (Old Regime) | 25% |
| Above ₹2,00,00,000 (New Regime) | 25% (capped — no 37%) |
Appendix I — Table of rates admissible [Rule 5]
Table of rates at which depreciation is admissible [See Rule 5] Appendix I
| # | Description | Rate (WDV) |
|---|---|---|
| 1 | Buildings used mainly for residential purposes (except hotels and boarding houses) | 5% |
| 2 | Buildings other than residential (not covered by 1 or 3) | 10% |
| 3 | Buildings acquired on/after 1.9.2002 for water supply project / water treatment system (u/s 80-IA) | 40% |
| 4 | Purely temporary erections such as wooden structures | 40% |
| Description | Rate (WDV) |
|---|---|
| Furniture and fittings including electrical fittings (electrical wiring, switches, sockets, fans etc.) | 10% |
| # | Description | Rate (WDV) |
|---|---|---|
| 1 | Machinery and plant — general (not covered by sub-items 2, 3 and 8) | 15% |
| 2 | Motor cars (not used for hire), acquired/put to use on/after 1.4.1990 | 15% |
| 3 — Special Rates | ||
| 3(i) | Aeroplanes — Aeroengines | 40% |
| 3(ii) | Motor buses, motor lorries and motor taxis used in business of running on hire | 30% |
| 3(vii) | Moulds used in rubber and plastic goods factories | 30% |
| 3(viii) | Air pollution control equipment (electrostatic precipitation, felt-filter, dust collector, scrubbers, ash handling etc.) | 40% |
| 3(ix) | Water pollution control equipment (mechanical screens, aerated chambers, biofilters, marine outfall systems etc.) | 40% |
| 3(x) | Solid waste control equipment (caustic/lime/chrome recovery, solid waste recycling) | 40% |
| 3(xi) | Machinery for semi-conductor industry (ICs — SSI to LSI/VLSI, discrete devices) | 30% |
| 3(xia) | Life saving medical equipment (Defibrillators, Haemodialysors, Heart-lung machine, Cobalt therapy, Colour Doppler, MRI, Surgical Laser, Ventilators, Gamma knife, Bone Marrow equipment, Fibreoptic endoscopes, Laparoscopes etc.) | 40% |
| 4 | Containers made of glass or plastic used as re-fills | 40% |
| 5 | Computers including computer software | 40% |
| 6 | Machinery for weaving/processing/garment (textile) — purchased under TUFS (1.4.2001 to 31.3.2004) | 40% |
| 7 | Machinery for water supply project / water treatment (acquired/installed on/after 1.9.2002, u/s 80-IA) | 40% |
| 8 — Industry-Specific Rates | ||
| 8(i) | Wooden parts used in artificial silk manufacturing machinery | 40% |
| 8(ii) | Cinematograph films — bulbs of studio lights | 40% |
| 8(iii) | Match factories — wooden match frames | 40% |
| 8(iv) | Mines and quarries — tubs, winding ropes, haulage ropes, sand stowing pipes, safety lamps | 40% |
| 8(v) | Salt works — salt pans, reservoirs and condensers (earthy/sandy/clayey material) | 40% |
| 8(vi) | Flour mills — rollers | 40% |
| 8(vii) | Iron and steel industry — rolling mill rolls | 40% |
| 8(viii) | Sugar works — rollers | 40% |
| 8(x) | Gas cylinders including valves and regulators | 40% |
| 8(xi) | Glass manufacturing — direct fire glass melting furnaces | 40% |
| 8(xii)(a)(b) | Mineral oil concerns — plant in field operations (above ground distribution); plant below ground | 40% |
| 8(xii)(c) | Mineral oil concerns — oil wells | 15% |
| 8(ix) | Energy saving devices (specialised boilers, instrumentation, waste heat recovery, co-generation, electrical equipment, burners, other energy saving equipment) | 40% |
| 8(xiii) | Renewal energy devices (solar collectors, solar cookers, solar water heaters, wind mills, biogas plants, EVs, agricultural waste conversion etc.) | 40% |
| 9(i)(a) | Books owned by assessees in profession — annual publications | 40% |
| 9(i)(b) | Books owned by assessees in profession — other than annual publications | 40% |
| 9(ii) | Books owned by assessees in lending library business | 40% |
| # | Description | Rate (WDV) |
|---|---|---|
| 1 | Ocean-going ships including dredgers, tugs, barges, survey launches, fishing vessels with wooden hull | 20% |
| 2 | Vessels ordinarily operating on inland waters | 20% |
| 3 | Vessels on inland waters — speed boats | 20% |
| Description | Rate (WDV) |
|---|---|
| Know-how, patents, copyrights, trademarks, licences, franchises or any other business / commercial rights of similar nature | 25% |
Fee schedule, key e-forms, due dates, late filing fees & penalties
| Nominal / Authorised Share Capital | Fee per Document |
|---|---|
| Less than ₹1,00,000 | ₹200 |
| ₹1,00,000 to less than ₹5,00,000 | ₹300 |
| ₹5,00,000 to less than ₹25,00,000 | ₹400 |
| ₹25,00,000 to less than ₹1,00,00,000 | ₹500 |
| ₹1,00,00,000 or more | ₹600 |
| Company without share capital | ₹200 per document |
| Form | Purpose | Due Date |
|---|---|---|
| ANNUAL COMPLIANCE | ||
| AOC-4 | Financial Statements (Balance Sheet, P&L) | 30 days from AGM |
| MGT-7 | Annual Return | 60 days from AGM |
| MGT-7A | Annual Return — Small Companies & OPC | 60 days from AGM |
| ADT-1 | Appointment / Reappointment of Auditor | 15 days from AGM |
| DIRECTORS & MANAGEMENT | ||
| DIR-12 | Appointment / Change of Directors | 30 days from change |
| DIR-3 KYC | Director KYC (annual) | 30 September each year |
| CAPITAL & CHARGES | ||
| SH-7 | Increase in Authorised Capital | 30 days from special resolution |
| PAS-3 | Return of Allotment of Shares | 30 days from allotment |
| CHG-1 | Creation / Modification of Charge | 30 days (extension up to 60 days) |
| REGISTERED OFFICE & OTHERS | ||
| INC-22 | Notice of Registered Office | 30 days from incorporation / change |
| INC-20A | Declaration for Commencement of Business | 180 days from incorporation |
| Delay Period | Additional Fee |
|---|---|
| Up to 30 days | 2× normal filing fee |
| More than 30 days up to 60 days | 4× normal filing fee |
| More than 60 days up to 90 days | 6× normal filing fee |
| More than 90 days up to 180 days | 10× normal filing fee |
| More than 180 days | 12× normal filing fee |
| Delay Period | Additional Fee |
|---|---|
| Up to 15 days | 1× normal filing fee |
| More than 15 days up to 30 days | 2× normal filing fee |
| More than 30 days up to 60 days | 4× normal filing fee |
| More than 60 days up to 90 days | 6× normal filing fee |
| More than 90 days up to 180 days | 10× normal filing fee |
| More than 180 days | 12× normal filing fee |
| Section | Default | Company Penalty | Officer Penalty |
|---|---|---|---|
| Sec 12 | No registered office | ₹1,000/day (max ₹1L) | ₹1,000/day (max ₹1L) |
| Sec 92 | Non-filing of Annual Return | ₹50,000 + ₹100/day (max ₹5L) | ₹50,000 + ₹100/day (max ₹5L) |
| Sec 96/97 | Default in holding AGM | ₹1,00,000 + ₹5,000/day | ₹1,00,000 + ₹5,000/day |
| Sec 117 | Non-filing of Resolutions | ₹10,000 + ₹100/day (max ₹2L) | ₹10,000 + ₹100/day (max ₹50K) |
| Sec 137 | Non-filing of Financial Statements | ₹1,000/day (max ₹10L) | ₹1,000/day (max ₹5L) |
| Sec 203 | Non-appointment of KMP | ₹5,00,000 | ₹50,000 + ₹1,000/day |
| INC-20A | Commencement of Business not filed | ₹50,000 | ₹1,000/day |