CA Anjali Singhal

CA | Practicing in India | ICAI-certified Income Tax Law (USA) | Decoding tax, one "wait that's all it meant?" moment at a time 💡

[CA Anjali Singhal @anjalisinghalca]

GST Portal Finally Learns to Say YES Without an Officer!

New GST portal FAQs clarify faster amendment processing:

→ Legal name change: Auto-processed after PAN validation

→ Additional Place of Business: No officer approval

→ Multiple amendments: No need to wait for earlier applications

→ Principal Place of Business: Auto-processing for Rule 14A cases; officer approval within 15 days for regular cases.

Less paperwork. Faster updates. A welcome move for businesses!

But will the portal deliver the same efficiency in practice?

#GSTUpdates #GSTReforms #GSTCompliance

[CA Anjali Singhal @anjalisinghalca]

The biggest threat to CA fees might not be clients.

It might be other CAs.

One CA quotes ₹1 lakh for an audit. Another quotes ₹25,000.

ICAI's new tender guidelines (12 Oct 2026) draws a line:

• Exclusive CA services: No bidding without a prescribed minimum fee.
• No quoting below that minimum, even in reverse bidding.
• Fees must reflect actual work, time and manpower.
• Cost sheets must be maintained.

Different rules apply to non-exclusive services.

Are we protecting the value of our profession, or pricing ourselves out of it?

#ICAI #CharteredAccountants

[CA Anjali Singhal @anjalisinghalca]

@theankitjangid1 Dont wait for motivation…20 minute a timer lagao oar padhne baith jaao…mood banta rahega baad mein apne aap!

[CA Anjali Singhal @anjalisinghalca]

@keepitquiet403 Agreed on the growth part — metros definitely open more doors. I was just looking at it from a money angle. At the end of the day, what matters is how much of that bigger salary you actually get to keep.

[CA Anjali Singhal @anjalisinghalca]

@BaluGorade Dreams are tax-free at least.

[CA Anjali Singhal @anjalisinghalca]

@bigulchugh That’s actually useful. One of those tiny banking features you don’t know you need until the exact day you need it.

[CA Anjali Singhal @anjalisinghalca]

@vanshikarsharma Exactly! Sometimes filing an ITR is less about the tax you owe and more about avoiding unnecessary hassles later.

[CA Anjali Singhal @anjalisinghalca]

@caanuragwriter At this point, MCA portal and I are in a toxic relationship. I complain about it every day, but I still have to go back.

[CA Anjali Singhal @anjalisinghalca]

That’s a pretty interesting system! I especially like the idea of keeping SIP money separate.

I’m still a diary person though. I use digital tools too, but when I actually write down how much I’ve spent, it hits differently. Makes me think twice about where my money is going. I guess that’s one habit I picked up from my mother!

[CA Anjali Singhal @anjalisinghalca]

My mother never owned a finance app. She had a diary.📒

My mother tracked every rupee.

Even a ₹20 note taken from her wallet had to be “told”, so she could write it down. At month end, she had her own expense report.

I became a CA at 22. The best lesson in cash flow I ever got came from her diary, not my syllabus.

In my experience, clients with five finance apps often can’t tell me where their money went. Clients with one notebook rarely miss an EMI.

Tracking beats tooling.

Who taught you about money? 👇

[CA Anjali Singhal @anjalisinghalca]

@pareek_mohit26 I get your point about emotions, and I agree they can affect our decisions. But isn’t that more about investor behaviour than the strategy itself? If you’re buying the shares back anyway, you’re still invested. And I’d genuinely like to read the research you’re referring to.

[CA Anjali Singhal @anjalisinghalca]

You made ₹1 lakh profit on your stocks. Why would you sell them if you don't need the money?

Here's why.

You bought shares for ₹2 lakh.
They're now worth ₹3 lakh.
Sell them after 12+ months → ₹1 lakh LTCG.

Under Section 112A, eligible LTCG up to ₹1.25 lakh in a financial year is tax-free.

Now buy those shares back at ₹3 lakh.

Your new purchase cost? ₹3 lakh instead of ₹2 lakh.

Same investment. Higher cost base. Potentially lower tax when you sell in the future.

It's called TAX GAIN HARVESTING.

And surprisingly, many investors don't use it.

[CA Anjali Singhal @anjalisinghalca]

But how does this hurt wealth creation? You’re buying back the same shares, so you’re still invested. You’re just increasing your cost base to potentially save tax later. Sure, transaction costs and timing matter, but I don’t see why saving tax and building wealth can’t go hand in hand.

[CA Anjali Singhal @anjalisinghalca]

Your ₹15 LPA package might not be the flex you think it is.

Not if you're spending half your salary just to afford the city where you earn it.

Someone earning ₹8 LPA in a smaller city could actually be saving more than you.

Higher rent. Daily commutes. Expensive weekends. Lifestyle inflation.

A bigger CTC doesn't always mean a bigger bank balance.

But then again, nobody puts their annual savings on LinkedIn.

[CA Anjali Singhal @anjalisinghalca]

@37xBetter Absolutely! Agreed! What’s your approach to keeping your finances organised? Would love to know what works for you.

[CA Anjali Singhal @anjalisinghalca]

@kunikawrites A ₹2.63 lakh penalty for a 9-minute delay? Compliance is important, but so is proportionality. Glad common sense prevailed here!

[CA Anjali Singhal @anjalisinghalca]

@AthriBhat Automation can replace repetitive processes, not professional judgement. A CA’s role goes well beyond filing forms!

[CA Anjali Singhal @anjalisinghalca]

GST Portal Finally Learns to Say YES Without an Officer!

New GST portal FAQs clarify faster amendment processing:

→ Legal name change: Auto-processed after PAN validation

→ Additional Place of Business: No officer approval

→ Multiple amendments: No need to wait for earlier applications

→ Principal Place of Business: Auto-processing for Rule 14A cases; officer approval within 15 days for regular cases.

Less paperwork. Faster updates. A welcome move for businesses!

But will the portal deliver the same efficiency in practice?

#GSTUpdates #GSTReforms #GSTCompliance

[CA Anjali Singhal @anjalisinghalca]

@GulluBabuShona Simplifying compliance doesn’t mean giving fraud a free pass. Strong checks and faster processing can coexist, right?

[CA Anjali Singhal @anjalisinghalca]

@Pavankumar_glb automation should simplify compliance, not complicate it further!

[CA Anjali Singhal @anjalisinghalca]

@uditgupta_ca hopefully we won’t have to wait till April 2027 to see these reforms in action!

[CA Anjali Singhal @anjalisinghalca]

@keepitquiet403 True! Financial knowledge comes with the degree. Financial wisdom? That’s a lifelong internship!