CA Hemanth Jain

Founder at Hemanth Jain And Associates, Chartered Accountants

[CA Hemanth Jain @ImHKjain]

Check out my latest article: Can a Bank Blindly Rely on a CA Report for Outward Remittance? Can Banks Just Sign Off on a CA’s Report Without Cross-Checking It? https://t.co/hWvhiEm8du via @LinkedIn

[CA Hemanth Jain @ImHKjain]

Effective October 1st, the TDS rates under sections 194DA, 194H, and 194-IB have been reduced from 5% to 2%. On the other hand, the TDS rates for e-commerce operators have been reduced from 1% to 0.1%. #TDS #IncomeTax #Taxation #Govts #India #Finances #changes #Rates #paytax

[CA Hemanth Jain @ImHKjain]

Income Tax Calender for July 2024 #taxindia #incometax #calender #India #govt #govtofindia #duedate #lastdate #deadline #penalty

[CA Hemanth Jain @ImHKjain]

Form 26AS is your go-to document for a stress-free tax season. Ensure accuracy in your tax returns with this pivotal document!

#Form26AS #TaxReady #TaxSeason #IncomeTaxIndia #FinancialAwareness

[CA Hemanth Jain @ImHKjain]

Filing your ITR for 2024 and noticed a mismatch with Form 16?
Don't worry! Follow these steps to resolve it and file accurately #IncomeTax2024 #ITRFiling #TaxTips #Form16 #TaxSeason #TaxReturn #FinancialPlanning #TDS #TaxAdvice #TaxFiling #Form16Mismatch #IncomeTaxIndia

[CA Hemanth Jain @ImHKjain]

You can avail this thru all these options. #stayalert #India #Bharat #incometaxdept #expense #cost

[CA Hemanth Jain @ImHKjain]

The deduction under Section 80C can be claimed only by Individuals (Resident or Non-Resident) and HUFs. Accordingly, the companies, partnership firms, corporate bodies, and others are not eligible to avail the deduction under these sections. #deductions #ITR #incometax #equity

[CA Hemanth Jain @ImHKjain]

The deductions under Section 80C and its allied sections allow a maximum deduction of up to Rs. 1.5 lacs every year from the taxpayer’s total income and an additional deduction amount of Rs. 50,000 can be claimed under Section 80CCD(1b). Refer 🧵#ITR #India #deductions #80c #debt

[CA Hemanth Jain @ImHKjain]

Learn all about Tax Deducted at Source (TDS) on insurance payouts Stay informed to optimize your tax planning! #TDS #Insurance #TaxPlanning #FinancialLiteracy

[CA Hemanth Jain @ImHKjain]

Have you missed filing ITR for AY2021-22?
Good News!!
You can now file an updated return ITR-U until March 31st 2024. It allows you to correct errors, declare missed income. No extra fee but additional tax applies. Stay Alert! #itr #IncomeTax #govtofindia #Refund #alert #return

[CA Hemanth Jain @ImHKjain]

RBI has announced that the exchange of Rs 2,000 notes will not be available on Jan 12 at RBI's Mumbai Regional Office due to operational reasons.
The facility will resume on Monday, Jan 15, 2024, which is the next working day.
#stayalert #updates #rbi #currency #2000RupeeNote

[CA Hemanth Jain @ImHKjain]

@ThetaVegaCap Well What about the Compliance costs for Businesses ? License, Permits, Registration,Labour Law, Periodic returns, renewals

I guess comparison is not at equal foot when we only see net tax payments

[CA Hemanth Jain @ImHKjain]

Nomination Last date Extended for Demat account and Mutual Funds has now being extended to 30th June 2024. #mutualfunds #demat #nominee #nomination #lastdate #extention #sebi #circular

[CA Hemanth Jain @ImHKjain]

Exemptions allowed in Old Tax Regime vs New Tax Regime comparison: So choose your Tax regime carefully #ITR #imcometax #newtaxregime #oldtaxregime #exemptions #deductions #comparison #itrrules #HRA #homeloaninterest #medicalinsurance #lta

[CA Hemanth Jain @ImHKjain]

Do you have any answer?

@CMofKarnataka @investkarnataka @DKShivakumar

[PulseIndia @_singhvishal23]

Come and invest in Karnataka 😃😃

[CA Hemanth Jain @ImHKjain]

Planning to sell your property anytime soon? Know the tax implications here.
#sell #tax #taximplications #house #property #itr #planning #implications #pan #TDS #agriculture #form

DM To know more in details.

[CA Hemanth Jain @ImHKjain]

You can avail this thru all these options. #stayalert #India #Bharat #incometaxdept #expense #cost

[CA Hemanth Jain @ImHKjain]

The deductions under Section 80C and its allied sections allow a maximum deduction of up to Rs. 1.5 lacs every year from the taxpayer’s total income and an additional deduction amount of Rs. 50,000 can be claimed under Section 80CCD(1b). Refer 🧵#ITR #India #deductions #80c #debt

[CA Hemanth Jain @ImHKjain]

The deduction under Section 80C can be claimed only by Individuals (Resident or Non-Resident) and HUFs. Accordingly, the companies, partnership firms, corporate bodies, and others are not eligible to avail the deduction under these sections. #deductions #ITR #incometax #equity

[CA Hemanth Jain @ImHKjain]

Wishing everyone a joyous and magical Christmas filled with love, laughter, and cherished moments! May this festive season bring you warmth and happiness. #MerryChristmas #HappyHolidays #SeasonsGreetings #ChristmasJoy #JoyToTheWorld #HolidaySpirit #FestiveFun #SpreadLove