Dear @IncomeTaxIndia
ITR-3 has a basic classification issue.
Under Current Liabilities, there is no separate column for “Other Current Liabilities.”
So where do taxpayers report GST payable, TDS/TCS payable, statutory dues and other current liabilities ?
The only practical option is “Other Provisions” which is conceptually incorrect.
A liability ≠ a provision.
CBDT should provide a separate “Other Current Liabilities” field in ITR-3 to ensure proper and meaningful financial reporting.
BREAKING: CIRC of @theicai has requested @nsitharaman@FinMinIndia to extend the due date of Tax Audit Reports for FY 2024-25 (AY 2025-26) from 30th Sept to 31st Dec 2025.
Relief from higher authorities is bound to be provided now...
Overlapping filings & technical glitches need urgent relief.
#Extend_Due_Date_Immediately
#extend_due_dates_immediately
#extend_ITR_TAR_duedates
Enough is enough.
The arrogance of the @FinMinIndia has to end.
There must be an end to this silence.
You released ITR Forms late.
You released ITR tilities late.
ITR-6/7 Offline Utilities not released still.
Consistent errors in ITR Utilities (eg. CGAS error from last 3 days)
20+ due dates all cramming up in September.
When you were late, you extended due date without us asking..
Now, when professionals demand extension, there is pin-drop silence...
Issue the extension notification TODAY!!
Requesting everyone to RT and raise your voice!
#Extend_Due_Date_Immediately #extend_due_dates_immediately #extend_ITR_TAR_duedates #Extend_Due_Date
When your Forms were not notified, you extended due dates without our request.
Now that the Form Utilties have been released so late (in July & August), it is impossible to complete 4 months work in 1.5-2 months!!
In the spirit of fair & quality compliance, we humbly request advance extension of due dates:
🔹 ITR (Non-Audit) – 15 Oct 2025
🔹 Tax Audit – 30 Nov 2025
🔹 ITR (Audit) – 31 Dec 2025
🔹 GST 9/9C – 31 Jan 2026
#extend_ITR_TAR_duedates #extend_due_dates_immediately #IncomeTax
#taxaudit
Congrats to my brother @CAPAHULBANSAL for being nominated as Co-Opted Member of the AMCS Co-ordination Committee of NIRC for the year 2025-26!
The committee ensures smooth conduct of AMCS training across branches.
I'm sure he'll add immense value in this role!
Congrats bhai..
Stress of 30th September for practicing CAs:
✅ Tax Audits due date
✅ Companies AGM due date
✅ DIR-3 KYC due date
✅ Dematerialisation of shares due date
✅ Renewal of CC limits : Banks asking for projected & provisional balance sheets
✅ Form 10B and 10BB due date
After all this:
✅ Defective ITRs
✅ Refund Reissue failures
✅ 87A rebate related demands
✅ VAT scrutiny Notices for FY 2017-18
Time to join Spirituality classes 🫠🫠🥹
🚨 Investment announcement! 🚨
Day Zero Ventures is thrilled to back https://t.co/GCpy6gahhI i.e. revolutionizing two-wheel transportation in emerging markets with their electric motorcycle ecosystem.
Here's why we're so excited about this investment 👇
It is very disheartening to see the recent @theicai campus placement drive, especially considering the salary that TCS is offering to qualified CAs!
For such a bumper result, are we really now seeing the demand and supply nexus affecting newly qualified CAs ?
CA Inter and Final Result may come in July 1st week itself . We have council meeting on 2nd and 3rd July so possibly 5th July May be the date for Result .
For more precise date pls wait for ICAI notification .
Shocking 🤯!!
People invest their hard earned money with great faith.....only to know about the scam they have subject to !!
#growwapp#mutualfunds#fraudscam#invest
𝗠𝗮𝗴𝗶𝗰 𝗼𝗳 𝗻𝗲𝘄 𝘁𝗮𝘅 𝗿𝗲𝗴𝗶𝗺𝗲 𝗼𝗳 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅:
Case A:
✅ Total Income Rs. 7,05,000/-
🚨 Pay tax of Rs. 5,200/-
Case B:
✅ Total Income Rs. 6,95,000/-
🚨🚨 Pay tax of Rs. 60,680/-
Even if you find it ridiculous, this is what it is and those who want to understand this mystery, please read proviso to Sec. 87A, specifically clause (b).
𝗪𝗵𝗲𝗻 𝗖𝗕𝗗𝗧 𝗻𝗼𝘁𝗶𝗳𝗶𝗲𝗱 𝗺𝗮𝗿𝗴𝗶𝗻𝗮𝗹 𝗿𝗲𝗹𝗶𝗲𝗳 𝗳𝗼𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟴𝟳𝗔 𝗿𝗲𝗯𝗮𝘁𝗲, 𝘁𝗵𝗲𝘆 𝘀𝗶𝗺𝗽𝗹𝘆 𝗳𝗼𝗿𝗴𝗼𝘁 𝘁𝗼 𝗽𝘂𝘁 𝗺𝗮𝘅𝗶𝗺𝘂𝗺 𝗰𝗲𝗹𝗹𝗶𝗻𝗴 𝗼𝗳 𝗥𝘀. 𝟮𝟱𝟬𝟬𝟬 𝗳𝗼𝗿 𝗶𝘁!
Those who don't believe me and want to try on their own, assume :
Case 1 : Interest Income = Rs. 3,00,000/- LTCG from land = Rs. 4,05,000/-
Case 2 : Interest Income Rs. 3,00,000/- LTCG from land = Rs. 3,95,000/-