Pankaj

FCA,CPA

[Jaya_Upadhyaya @Jayalko1]

"Do you know this place?
This isn't India, it's Singapore!

Even its MRT trains are beautifully decked up for Diwali.

What a sight!"

[Tilusha Vyas @TilushaVyas]

Wow sung so beautifully by Israelis the Hindu slokha “Hanuman Chalisa” recited in Hebrew at Telaviv beach! It was in honour of our Indian pilot Captain Sumit who saved the Jewish lives on FlyDubai flight after he recited this powerful mantra! Jai Shree Ram Jai Hanuman 🕉️🙏🇮🇳🇮🇱

[Ritika @Im_Ritikaa]

Tejasvi Surya’s wife, Sivasri Skandaprasad, is winning hearts online with her melodious voice!

Her singing without auto-tune is earning widespread praise, with some even comparing her to Amruta Fadnavis.

Real talent doesn’t need filters or auto-tune!

[Akanksha Awasthi @Ak_anksha_90]

Recognize These Warning Signs Your Body Gives You Before It’s Too Late.

[Akanksha Awasthi @Ak_anksha_90]

4 Essential Vitamins for Hair Growth + The Best Time to Take Them.

[Pankaj @PKA007]

@PMOIndia @narendramodi @MIB_India The time has come for India to build its own homegrown social media platform—to showcase our talent, innovation, and strength to the world.
Made in India. Owned by India. Recognised by the World.

[Pankaj @PKA007]

@MeghUpdates You need to consider increased tax brackets also for having rational views

[Sameera Bharadwaj @sameera_b]

@GBA_office @comm_blr_south @krishnabgowda @ajaydharamsingh
Fate of Subramanyapura Lake - its choking … please action immediately on this - @Kaddcool @RBPachhapur @ChristinMP_ @Santoshbn7

[ANI @ANI]

#WATCH | Delhi: Malaysia’s Prime Minister Anwar Ibrahim sings a popular Hindi song “Khwab Ho Tum Ya Koi Haqeeqat” in Delhi.

(Video source: Anwar Ibrahim/X)

#BRICSSummit

[Megh Updates 🚨™ @MeghUpdates]

Video which has sent Shockwaves in Hater's Camp 🔥

[Pankaj @PKA007]

@AUThackeray don't beat the people in the name of language, respect people to get the respect and business

[Abhishek Kar @Abhishekkar_]

Most retail investors who sold ITC Hotels on listing day — paid tax wrong.

Here's what actually happened.

ITC split its hotels business into a separate listed company. Record date: Jan 6, 2025. Listing: Jan 29, 2025. You got 1 ITC Hotels share for every 10 ITC shares held.

Free shares, right? Tax-free gift?

Not exactly.

Under Section 47 of the Income Tax Act, the demerger itself isn't taxable. But your original ITC cost of acquisition gets SPLIT — ~86.5% stays with ITC, ~13.5% moves to ITC Hotels.

So your ITC Hotels shares weren't zero-cost.

And here's the part most people got wrong:

LTCG holding period is counted from your ORIGINAL ITC purchase date — not from January 29, 2025.

If you bought ITC in 2021 and sold ITC Hotels in Feb 2025 — that's already long-term.

But thousands of retail investors assumed listing date = date of acquisition and paid STCG at 20%.

Overpaid tax. Completely avoidable.

Three things to remember in any demerger:
→ Cost splits, not disappears
→ Holding period carries forward
→ Section 47 protects the event, not the exit

Did you hold ITC on the record date? How did you handle the tax?

[Pankaj @PKA007]

@CAChirag These kind of acts going to kill the profession dignity and income stream for honest CAs

[Pankaj @PKA007]

@AHindinews Media take his bite in all matters, why? this is the important question, never had any ministry or responsibility, why so much importance given to him

[Pankaj @PKA007]

Bang on, so insightful to hear this.

[Augadh @AugadhBhudeva]

🔴 Must Watch ��
“Foreign Algorithms Are Quietly Conditioning the Minds of India's Youth” - Mallika Bajaj

Mallika Bajaj is a digital transformation expert who studies how technology affects the way people learn, behave and think.

Digital transformation architect Mallika Bajaj argues that foreign social media algorithms are engaging in “cognitive warfare” by conditioning Indian youth through an Algorithmic Cognitive Reinforcement Loop (ACRL). Bajaj suggests these platforms prioritize “Four Vs” (Viciousness, Virality, Vulgarity, Violence) over truth, prompting a need for Indian cognitive neural sovereignty and indigenous technology development.

Credit : ANI Podcast With Smita Prakash Clips.

[Pankaj @PKA007]

Instead of coming with more work and new ideas, only option is to remove our bread and butter. So sad @BJP4India @nsitharaman @narendramodi . Modi Sir, please save us.

[CA Anupam Sharma @caanupam7]

If attach these recommendations are implemented, it will deal a crushing blow to medium and small CA firms across Tier-2, Tier-3 cities, and small towns in India, where statutory audit assignments serve as the primary lifeline of practice. Over the past few years, small-town practitioners have systematically lost crucial revenue streams with GST audit eliminated, bank audits drastically reduced, and tax audit thresholds raised shrinking the client pool to critical levels. Exempting private limited companies under the guise of "Ease of Doing Business" threatens to wipe out what little remains, compromising financial discipline and transparency in local businesses while crippling independent firms.

It is deeply concerning that our elected ICAI leadership has yet to take a strong, visible stand before the Parliamentary Joint Committee or the Ministry of Corporate Affairs on a matter of such critical importance to our profession.
As someone who has consistently spoken up against decisions that adversely affect our members and students even while facing multiple Disciplinary Committee (DC) notices for raising these issues.
I remain firm in my commitment. Such challenges will not deter me from voicing the genuine concerns of small-town practicing CAs.

Statutory audits are essential to preventing systemic financial discrepancies and maintaining overall stakeholder trust across the business ecosystem. If our Institute does not proactively present the ground realities and contest these recommendations right now, the future of thousands of independent CAs will be severely impacted. I will continue to advocate for the rights and sustainability of our fraternity, regardless of the personal challenges involved. @atulmodani @CAChirag @ruwatiaofficial @akhilpachori @CA_AkshatS @Thisissamarpit

[Kiran Mazumdar-Shaw @kiranshaw]

Truly game changing ! 👏👏👏👏

[CA Ranjeet K Agarwal🇮🇳 @CaRANJEET]

This is an excellent decision done by ICAI.Kudos to President and entire Council of ICAI!

[Pankaj @PKA007]

@mohitlaws @rulhania_ Congress is so innocent and cute who was only saving the constitution. Rest all is killing the democracy. Wow

[Pankaj @PKA007]

@MohiniWealth You are not qualified to be called educated. Your comments are foolish.