CA Akshay G Mehta

A Chartered accountant, Direct tax specialist. A mind which wants Revolution and a body which loves peace

[CA Akshay G Mehta @CAAkshayMehta]

We had opted for 115BAB for new manufacturing company and filled 10 ID for the first year but the CPC is not considering the option and calculating tax @ MMR, whereas this AY the cpc has processed it correctly.@IncomeTaxIndia @Infosys_GSTN @cbdt

[CA Akshay G Mehta @CAAkshayMehta]

If you have a lots of funds getting blocked in TDS by your customers, apply for LDC lower deduction certificate and get more working capital for free!
#itr
#incometax
#newincometaxact2025
#सुषमा_स्वराज

[CA Akshay G Mehta @CAAkshayMehta]

Debt funds are taxable u/s 50AA or sec 76 of new act as per slab rates, instead buy a ULIP and invest in debt funds and enjoy tax at 12.5% and 1.25 lakh exemption.

[CA Akshay G Mehta @CAAkshayMehta]

Missed filing your ITR, and you have Losses to be carried forward, you can still file your ITR and c/f the losses by filling ITR 3/4 before 31st Aug
#itr #itrfiling
#itrduedate

[CA Akshay G Mehta @CAAkshayMehta]

Save your taxes, if you have a land, don't sell it. Enter into JDA and pay tax only after you receive OC for the building. Until then enjoy the goodwill amount as paid by the developer tax free! Use the interest earned to pay off your liability in future.
#newincometaxact2025

[CAclubindia @CAclubindia]

🚨 CBDT just notified a brand new ITR form and it's not for regular taxpayers.

ITR-BN: the new return form for anyone caught in a search, seizure or requisition case under the #IncomeTax Act, 2025. 👇

[CA Akshay G Mehta @CAAkshayMehta]

Capital gains are completely tax-free if the urban agricultural land was subject to compulsory government acquisition.
#incometax
#newincometaxact2025
#itr
Agricultural income taxation

[CA Akshay G Mehta @CAAkshayMehta]

Individuals or HUF can claim an exemption from capital gains if the land was used for agricultural purposes for at least 2 years prior to the sale, provided the capital gains are reinvested in new agricultural land within 2 years.
#newincometaxact2025
#itr #incometax

[CA Akshay G Mehta @CAAkshayMehta]

Maximum. Tax on Agricultural income is 3.3 lakh , even if you have 100 crore of business income and 100 crore of agri income.
#incometaxupdates
#newincometaxact2025

[CA Akshay G Mehta @CAAkshayMehta]

Income tax ITR filing deadline for Ay 2026-27. #itr #ITR deadlines

[CA Akshay G Mehta @CAAkshayMehta]

https://t.co/h0fKwf8irO

[CA Akshay G Mehta @CAAkshayMehta]

A few people protesting should not be the voice of 150 cr people. Let's have a poll and see if this is actually an issue or just a political gamut! #neetisascam #neet

[CA Akshay G Mehta @CAAkshayMehta]

The President of India should do a national Poll to decide matters which are burning, again at the end 2 people will go inside a room and decide the fate of thousands of people protesting, will they get the minutes of the meeting if at it happens?

[CA Akshay G Mehta @CAAkshayMehta]

As per the new Income tax act no expenses are allowed to be booked against dividend income, not even the interest paid to earn such dividend. This was a grey area which has been specifically clarified by the law makers
#newincometaxact2025
@IncomeTaxIndia

[CA Akshay G Mehta @CAAkshayMehta]

Spare the horror of those 1000 upi entries in your bank account, use an UPI card and pay the bill from your main account to claim the expense!
#newIncometaxact2025
#incometax

[CA Akshay G Mehta @CAAkshayMehta]

Assets acquired using Corpus fund is not eligible for depreciation as per the new income tax act 2025 wrt Charitable Trust
#newincometaxact2025

[CA Akshay G Mehta @CAAkshayMehta]

Protest, ask questions but do not involve in Violent politics.
The left will do all the right things now to make this a big national issue, hope we don't see Bangladesh and Nepal repeated, at the end we will all be where we are and the left will come to right #संसद_मार्च

[CA Akshay G Mehta @CAAkshayMehta]

For the ITR season if you have only capital gain incomes, do not forget to book 4 lakh capital gains plus 1.25 LTCG every year to claim your right of 100% tax free income!

[CA Rajendra Sharma @carajendra89]

*Breaking News from Hon'ble Supreme Court of India*

Hon'ble Supreme Court of India has dismissed SLP against the landmark judgement of Hon'ble Gujarat High Court in the case of Gujarat Chamber of Commerce and Industry & Ors. v. Union of India, Wherein, Hon'ble Gujarat High Court had ruled that the assignment or transfer of long-term leasehold rights for industrial plots does not attract GST.

Indeed, a good news for Taxpayers !

[CA Akshay G Mehta @CAAkshayMehta]

2/2
​Age 21 and older: Full, unrestricted licenses should only be granted to those who have maintained a clean 3-year record under the initial restricted license.
​A phased approach gives young drivers the necessary experience in low-risk environments.

[CA Akshay G Mehta @CAAkshayMehta]

1/2
​"To save young lives and encourage safer driving habits, we should adopt a Graduated Driver Licensing (GDL) model for young adults:
​Ages 18 to 21: Drivers should be restricted to low-capacity vehicles (under 150 cc) and barred from high-speed highways.