CA_Chirag_Chauhan

Chartered Accountant. Auditor. Income Tax & GST Compliance &
Consulting. Wealth Advisor. CA. LLB. CWM.

[CA_Chirag_Chauhan @Mikeygadget86]

Don't file your ITRs with free AI tools; they will hallucinate and make serious mistakes, and you as a taxpayer will landup paying a penalty.

We have tried even paid ones; AI makes many mistakes and usually in selecting the regime old or new, making the taxpayer pay higher tax!

[CA_Chirag_Chauhan @Mikeygadget86]

World leaders should meet immediately, STOP all wars, & resume resolution only through talks!

If current situation continues, many countries will join war directly or indirectly, and the outcome will be a huge loss to humanity! Only one-third of Earth's population will survive.

[CA_Chirag_Chauhan @Mikeygadget86]

Lawyers, doctors, and other professionals pay zero tax on receipts of ₹24 lakhs!

44ADA shows presumptive tax at 50%.

Income = 12 lakhs

Income Tax = Zero!

[CA_Chirag_Chauhan @Mikeygadget86]

Govt has confirmed no plans to remove the Long-Term Capital Gains (LTCG) tax on equity investments

LTCG tax collections increasing to ₹1.29 lakh crore in AY2026, up from ₹72,249 crore in AY2025—an increase of 79%

[CA_Chirag_Chauhan @Mikeygadget86]

Salary ₹14.5 Lakhs - Income Tax ZERO

Salary = ₹14,50,000
Less: Standard Deduction = ₹75,000
Employer's NPS (80CCD(2)) = ₹2 lakhs

Net ₹11.75 lakhs - ZERO Tax full rebate u/s 87A

[CA_Chirag_Chauhan @Mikeygadget86]

Thank God the government did not decrease the price of diesel and petrol.

Crude is back to $90 and soon may cross $100.

[CA_Chirag_Chauhan @Mikeygadget86]

3 Crore ITRs have been filed so far!!

[CA_Chirag_Chauhan @Mikeygadget86]

Agricultural Income ₹5 crore

Income Tax ₹0

Salaried Income ₹5 crore

Income Tax ₹2.2 crore

[CA_Chirag_Chauhan @Mikeygadget86]

India’s first privately developed orbital rocket, Vikram-1 Test Flight-1, successfully reached orbit after its final burn, deploying payloads into a 450 km orbit.

This achievement makes India the third country globally with private orbital launch capabilities.

[CA_Chirag_Chauhan @Mikeygadget86]

Your bank loan approval does not depend only on your ITR!

There are people who pay zero income tax but still get loans.

Similarly, some who pay lakhs in tax never get loans.

The ITR requirement by banks is just one of ten criteria they evaluate, not the only factor in

[JordonAlexanderee @JAlexanderee]

@Mikeygadget86 @JoThomas2019 @Bri_Ello LOVE this loop pedal cover of Maroon5 Sugar! http://t.co/3gQckzH60n

[CA_Chirag_Chauhan @Mikeygadget86]

@Telstra broadband keeps D/C every hour or so, mobile internet is slow and I've heard issues with @iiNet and a few other ISPs too... Weird

[WBSS @WBSS]

FRESH:JANET JACKSON sneaks out a laid back summertime groove."NO SLEEEP".http://t.co/PRwvt2P3hG @JanetJackson #LONDON