Nimesh Runwal

Practicing Chartered Accountant, Tech enthusiast, avid reader & Spiritually-oriented. Love to gain new knowledge.

[Nimesh Runwal @NimeshRunwal]

Post 4/4

I urge professional bodies like @theicai, @KSCAA, and other trade/professional associations to take up this practical issue with the CBDT and the Ministry of Finance. Such small procedural improvements can meaningfully strengthen #EaseOfDoingBusiness

#TDS #DigitalIndia

[Nimesh Runwal @NimeshRunwal]

Post 1/4

Short deduction defaults in #TDS statements (Form 140 – Q1 TY 2026-27) are being generated merely because the CPC system computes TDS to exact decimals while deductors report rounded-off rupee values.

@IncomeTaxIndia @FinMinIndia @PMOIndia

[Nimesh Runwal @NimeshRunwal]

Post 3/4

A simple system-level solution would be to provide a reasonable tolerance threshold (say ₹100 per TDS statement) for cumulative rounding differences. This would significantly reduce unnecessary notices, compliance costs, & administrative workload for taxpayers & dept.

[Nimesh Runwal @NimeshRunwal]

otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account:

Eg - If one single bill is Rs 2.5 lakhs & Rs 1.5 lakhs in cash and Rs 1 lakh through bank.

Kindly clarify whether it violates 269ST(b)?

(2/2)

[Nimesh Runwal @NimeshRunwal]

@IncomeTaxIndia Sec 269ST reads as

“No person shall receive an amount of two lakh rupees or more—
a) in aggregate from a person in a day; or
b) in respect of a single transaction; or
c) in respect of transactions relating to one event or occasion from a person,

(1/2)

[Nimesh Runwal @NimeshRunwal]

@FinMinIndia @nsitharamanoffc @PMOIndia Kindly issue circular clarifying Applicability of TDS U/S 194Q for puchases from Kachha Arahitias. High pitched assessments being made causing problems to the industry. Kindly refer article below

Read more at: https://t.co/I1ITHm78mi

[Lord Immy Kant @KantInEastt]

Protect her from Pseudo-feminists. How beautifully she explained the role of Man and Woman in a society.

[Pvt. sector exploited tax payer @TaxPayerPvt]

Elon musk asks govt. babus in the USA to send an email with the details of work done last week.

Those who won't send, will be terminated.

We need this man in India.

[Chirag Barjatya @chiragbarjatya]

Tomorrow morning I am getting my blood tests done by:

- 1mg
- Apollo
- Dr lal
- Healthians

All at the same time.

Will share the reports on timeline to understand the differences as per lab.

Going for all the “health packages”, all under 2200₹ ones.

Let’s see.

[Nimesh Runwal @NimeshRunwal]

@JDVanceNewsX Only those who truly love America, its culture and people, should be allowed to serve its people.

[Nimesh Runwal @NimeshRunwal]

@JDVanceNewsX Yes

[Nimesh Runwal @NimeshRunwal]

@ImtiazMadmood Sahi toh hai… What you sow you reap. If you respect you find respect. Totally fair enough. Salute 🫡 to CM Yogi ji

[Anuradha Tiwari @talk2anuradha]

India urgently needs -

> Population control
> Public discipline
> Merit-based opportunities
> Hygiene management

And this can only be done with a complete overhaul of our education system.

[Nimesh Runwal @NimeshRunwal]

@sabita_rao2001 @PratibhaGoyal If income is above basic exemption limit of Rs 4 lakhs, one must compulsorily file ITR. No tax liability isn’t the criteria not to file an ITR.

[Neeraj Sharma @neeraj_shrma_]

My Total Income: ₹30,00,000
Income Tax Paid: ₹6,24,000

Net Income Left: ₹23,76,000

Now, if I buy a car worth ₹23.76L:

GST + Cess: ₹11,40,480

Total Tax Paid: ₹6,24,000 + ₹11,40,480 = ₹17,64,480

Govt: ₹17,64,480 💀
Me: ₹12,35,520 🤡
#Budget2025 #IncomeTax

[Hemant Sharma @HemantS53340778]

@BimalGST What about 2B reflection if someone file GSTR1 on 13 jan in monthly category,,will the bills of GSTR1 shown in 2B of same month or it will shown in next month 2B

[CAclubindia @CAclubindia]

Latest RBI Guidelines for FDs, Credit Cards 💳 and UPI Transactions 💷 w.e.f 1st January 2025.

Follow this 🧵 Post to unveil the details

[Nimesh Runwal @NimeshRunwal]

@CAChirag Wholly agreed sir. I have been expecting these slabs since post Covid times. It would actually be great for the economy if Govt could come up with these and remove all surcharges cesses as you said