alphonse scaria

CA

[alphonse scaria @alphy1512]

Made in India - A Titan Story a beautifully crafted series that captures the raw essence of what it takes to build and sustain a business in India. It’s not just about strategy or numbers; it’s about the relentless passion, resilience and heart that drive entrepreneurs every day

[alphonse scaria @alphy1512]

@radhika_bajaj By now he would have seen your post and so directly ask him what does he need?. Let's keep things very simple.

[alphonse scaria @alphy1512]

Also, what is the status of wromg AY is selected. Will the application be rejected or as directed by ITAT minor errors in the application shouldn't be led to rejection, will that be applicable in this case.

[alphonse scaria @alphy1512]

@IncomeTaxIndia
Request the department to kindly confirm what is the AY to be given while filing the renewal of form 10AB for those expiring on 31st March 2026. Since there was no correct directive some experts say give as 27-28 while others are saying 26-27.

[alphonse scaria @alphy1512]

@CAHimankSingla Sir,
If the AY 26-27 is selected for renewal, will the application be rejected. I had given AY 26-27 for application. Now the only option is to withdraw and file which is bit risky with the time constraint. Still will it be ok or will that be rejected.

[alphonse scaria @alphy1512]

@IncomeTaxIndia @nsitharaman
Requesting for the extension of filing of Tax audit report and ITR by 1 month. Delay in the form release for Non tax audit assesee and few days gap between the deadline of filings between Non tax audit and Tax audit report.

[alphonse scaria @alphy1512]

Our reply

[alphonse scaria @alphy1512]

@CAChirag @nsitharaman Not sure whether it's a good move bcos many now doesn't want to trade with Micro or small enterprises. It would have been good if the section was amended to payment on or before the due date of filing return. 15 or 45 days payment may not work for some sectors.

[alphonse scaria @alphy1512]

@CAChirag Please read the notification carefully. Where the wrong audit report was filed on or before the due date ( 10B and 10BB), a chance is given to such assessee to correct the same by filing the correct audit report. AND THIS IS NOT EXTENSION.

[alphonse scaria @alphy1512]

Form 10BB audit report, the offline utility is not yet available in the income tax site. With just 20 days to file the form , it's almost impossible for auditors to file the same. Need extension with respect to submission of form 10B/ 10BB
@IncomeTaxIndia @FinMinIndia

[alphonse scaria @alphy1512]

@Manohar_1601 Yes. 4 of my cases have received notice with this matter

[alphonse scaria @alphy1512]

@harshit1810 Yes . This error appeared through out the day l, while using tax softwares

[alphonse scaria @alphy1512]

@CAChirag @nsitharaman Can u pls explain how tax evasion happens in petroleum products. All the purchases are made via bank payment and for sales they have daily registers and it's constantly monitored by the petroleum supplier. Then how does tax evasion happens? Pls explain

[alphonse scaria @alphy1512]

@rajgopalnb @CAChirag @cbic_india @nsitharaman (2-2), such owners of business now spend more time on compliance work rather than thinking how to improve or increase business. CAT B, C and D towns r most affected with these compliances. Ease of doing business is not there.

[alphonse scaria @alphy1512]

@rajgopalnb @CAChirag @cbic_india @nsitharaman Govt is just making their life easy by passing it to the business houses. Many r fed up with matching Gstr 2B to books of accounts. We have to actually think of small and medium business houses who don't have any full time or proper accountants.

[alphonse scaria @alphy1512]

@CAChirag Bcos of which the ruling party still have the purchase power to get MLA's and the state government itself

[alphonse scaria @alphy1512]

@CAChirag So u agree that it was a point to reduce Black money in the hands of opposition political parties and not the ruling party

[alphonse scaria @alphy1512]

@Harish_kumaRRR @IncomeTaxParody Cost itself. Big firms the good thing is they get articles at lower cost as compared to us, who has to depend on staffs hired at higher cost and when these firms can accommodate clients at lower fees. So as it says rich get richer and poor becomes poorer

[alphonse scaria @alphy1512]

@Harish_kumaRRR @IncomeTaxParody Sir it's very hard to stay in practice. Currently for a new CA to establish practice is a very big challenge. With growing compliances it's hard to increase no of clients and we wil have to stick to few clients who r not willing to increase the fees, some times it's hard to

[alphonse scaria @alphy1512]

@rajendrakumarRK Happy to c u writing about movies. Surprised to hear that ARR music has failed. Haven't seen the movie but hearing mixed review on the movie.