CA Parth Pitalia🇮🇳

Chartered Accountant, Value Investor, Traveller and a Lifelong Student.
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Away from Rat Race

[CA Parth Pitalia🇮🇳 @ParthPitalia]

🚨 Mandatory #ITR Filing

The #CBDT has clarified that filing an ITR is mandatory for individuals with specific financial activities, even if their gross taxable #income is below the basic #exemption limit.

Here are the conditions that require mandatory ITR filing :

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@SejalSud @grok Same question for my profile
@grok

[CA Parth Pitalia🇮🇳 @ParthPitalia]

RCM on renting of Car

RCM shall be applicable on the service by way of renting of any motor vehicle designed to carry passengers where the cost of fuel is included in the consideration charged from the service recipient only if the supplier fulfils all the following conditions:–

[CA Parth Pitalia🇮🇳 @ParthPitalia]

Finally, GST Returns takes a full circle and we have GSTR-2 in the form of IMS (Invoice Management System)

Just that, if not accepted/rejected it will be considered deemed acceptance
#gst

[CA Parth Pitalia🇮🇳 @ParthPitalia]

Madras HC Condones 5-Day Delay in Appeal Filing before AA due to unawareness of GST Portal Order, directs Acceptance of Appeal #Gst Appeal

[CA Parth Pitalia🇮🇳 @ParthPitalia]

Tax Audit under Direct Tax Code can be conducted by CAs/ CMAs & CS!

Thoughts everyone ? 😳

[CA Parth Pitalia🇮🇳 @ParthPitalia]

Once you get 20-25 years worth of expenses in the bank

Your stress levels will crash. Almost no stress at all

You will literally stop caring about most things.

Life is much happier at higher income levels and anyone who tells you otherwise is a liar.

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@reachanandl Requirement of Fund.

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@Atulsingh_asan Gm Sir, Where do you see nifty in 2030?

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@GigaBasedDad Next level Multitasking

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@ShwetaKukreja_ But Stocks help in accumulating the income and Compounding will take it to next level. You need both a source of income and stocks to invest.

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@Prakashplutus You have to practice self belief.

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@abhishekrajaram Thanks

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@Aditya_joshi12 It's time for India Story.Lot of Marco's are in favour of India and in the foreseeable future Market will have a positive trend of 15%+ CAGR

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@Atulsingh_asan You must have patience to win the game.

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@abhishekrajaram Plz Share

[Muthukrishnan Dhandapani @dmuthuk]

Returns vary not only quantitatively but also qualitatively. How much stress you take to earn returns matters a lot. Decent returns with peace of mind is what worth aspiring.

[CA Parth Pitalia🇮🇳 @ParthPitalia]

All return filed still Portal showing "system computed summary is in progress. Please check after some time." request no. G- 2023083111562914. last date of amnesty scheme 2023 31st August 23. Please solve. Trying Since Yesterday. Plz Extend @Infosys_GSTN @askGST_GoI @GST_Council

[CA Parth Pitalia🇮🇳 @ParthPitalia]

@dmuthuk Indeed