CA Nitesh Swarnkar🇮🇳

Chartered Accountant | L.L.B | MBA | B Com(H) | Certified Concurrent Auditor | Founder of UPKAAR DREAM ALIVE FOUNDATION | Advisor at Hanish Ventures LLP

[CAclubindia @CAclubindia]

🚨 GST officers cancelling your registration just because your shop was found LOCKED during a visit? That's ILLEGAL. Here's what the law actually says and how to fight back. 🧵

[Rony @Ronycoder]

Instead of watching an hour of Netflix, watch this 2 hour hour Stanford lecture will teach you more about how LLMs like ChatGPT and Claude are built than most people working at top AI companies learn in their entire careers.

[Mindset Machine  @mindsetmachine]

This guy literally explained why some people become successful while others stay average.

[Pratik K Shah @cs_pratik]

Dear All,

I’ve created a small utility that can help open old MCA .OCT files and extract the original PDF eForm.

https://t.co/nQsLg82sU1

Features:
✅ Bulk convertor
✅ Processed Locally, Safe and secured
✅ Files are not uploaded on any Server
@FCSJigarShah @MCA21India

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@collectorlak Lakhisarai is my birth place, watching these developments in the district makes me proud upon Admin of LKR. But these efforts are ruined by the shopkeepers who captures the footpath which force the people to walk on road. Encroachment is one of the worst situation of our city.

[Jay Matoliya 🐂 @Jay_Matoliya]

🚨 ITR REFUND ALERT – READ THIS BEFORE 31 DEC 🚨

Thousands of taxpayers are suddenly receiving this message 👇
👉 “Your ITR refund is on hold due to risk management discrepancies. File revised return within a week.”

💡 Irony?
⏳ Income Tax Dept took 4+ months to identify the issue
⏰ And now gives taxpayers barely a few days to fix it

❓ Why no detailed email received?

Because most of these are system-generated risk flags.

Sometimes:
• Email goes to old registered ID
• Lands in spam
• Or only SMS/portal alert is triggered

👉 Always check the ITR portal → e-Proceedings / Worklist

📌 What does “ITR processing on hold” mean?

It does NOT mean notice or scrutiny ❌
It means:

🔹 Refund claim looks unusual compared to data available with department
🔹 Return is paused before issuing refund
🔹 Taxpayer is given a chance to self-correct

⚠️ Common reasons refunds get flagged :

🔹 TDS/TCS mismatch
TDS claimed in ITR is higher than what appears in Form 26AS (employer/bank hasn’t deposited or corrected data yet)

🔹 AIS vs ITR income mismatch
Interest, dividends, salary or other income appears in AIS, but not fully reported in ITR

🔹 High refund compared to past years
Sudden jump in refund amount triggers risk checks, especially if income pattern is similar

🔹 Deductions claimed without backing data
Large HRA, 80C, 80D, home loan interest, or losses claimed which don’t match available reporting

🔹 Employer correction pending
Employer revised TDS return filed late → ITR processed earlier → mismatch created

🔹 Multiple revised returns
Frequent revisions raise system flags under “risk management”

🔹 Wrong head of income
Interest shown as “other income” vs “business”, capital gains wrongly classified, etc.

✅ What should taxpayers do NOW?

1️⃣ Log in to income-tax portal
2️⃣ Compare ITR vs AIS + 26AS
3️⃣ If mistake found → File revised return before 31-12-2025
4️⃣ If correct → wait, refund usually released after verification

⚠️ After 01-01-2026, updated return = extra tax + penalty

Clients started forwarding this message since morning 📩

🔄 Repost to save someone from unnecessary penalty.

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

The real issues of MCA Portal.

[CA Himank Singla @CAHimankSingla]

🚨 BREAKING | IMPORTANT COMPLIANCE UPDATE – UDIN PARTICULARS : NOC DETAILS MADE MANDATORY🚨

There is now a new disclosure relating to the No Objection Certificate (NOC) from the Previous Auditor at the time of UDIN generation on new DigiCA platform.

Accordingly, while generating UDIN for audit reports, members will be required to appropriately capture particulars relating to the Previous Year auditor, including confirmation of obtaining NOC / communication as mandated under the Code of Ethics, wherever applicable!

Source: https://t.co/2rY4pq14ni

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@CAVISHALGARG3 जा रहे है । सारे व्यापारी परेशान है । हमलोग परेशान तो है ही ।

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@rambajajgst @IncomeTaxIndia @nsitharaman At our office approx.90 ITRs going to be u/s 139(4) .And Tax audit is also going to be late. 90 plus 50 = 140 entity i.e 140 families appx 500 votes. BJP going to loose these votes due to this behaviour of CBDT and finance ministries. Loosing money will lead to vote loss.

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@ThetaVegaCap I am using 11 , Society will throw me out 😂😂😂

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@thesatishsharma @narendramodi Har saal ka yhi hai satish ji. Murkho jaisa feel hota hai hmara extension demand krna and inka ignore krna. After arun ji’ tenure bhut bura ignore kiya gya hai ham professionals ko and ICAI ko.

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@TimsyJaipuria @IncomeTaxIndia @CNBCTV18Live @CNBCTV18News @ShereenBhan @theicai @icsi_cs @ICMAICMA @FinMinIndia 12.30 AM approx ki halat.

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@akhilpachori Check this (?) Mark.

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@thesatishsharma yes this error is coming today

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@collectorlak I am from lakhisarai. Always feel happy when i see these kind of works for students.

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@rishrox19 If circle sign (i.e Your connection to this system is unsecure) is coming in website tab beside of www , then try changing laptop

[Hindustan Times @htTweets]

Delhi Assembly passed the Delhi Goods and Services Tax (Amendment) Bill 2025. Rekha Gupta said the amendments are aimed at simplifying tax administration, boosting compliance, and providing substantial relief to taxpayer.

(@AlokKNMishra ✍🏻)
https://t.co/LNwRdrACUr

[CA Nitesh Swarnkar🇮🇳 @Ca_Niteshkr]

@IncomeTaxIndia @MCA21India @FinMinIndia @nsitharamanoffc @officeofPCM @PIB_India In my opinion @MCA21India should post or repost their own posts or posts related to MCA only.
Reposting all department’s post leads to less credibility of the handler.