CA ARPIT PARIKH

A T P & Associates
chartered Accountants

[🎓 CA Pratik Bharda @pratik0227]

My client's Form 16 showed:

₹0 HRA. ₹0 leave encashment. ₹0 gratuity.

HR missed all three.

"Pratik, sab gaya kya?"

No. None of it is gone.

All 3 can be claimed directly in your ITR. how 🧵

[CA ARPIT PARIKH @arpittparikh]

@AbhasHalakhandi @IncomeTaxIndia @FinMinIndia @nsitharamanoffc

[CA ARPIT PARIKH @arpittparikh]

@AbhasHalakhandi But tramsfer pricing and their tax audit is not extended!!
Really surprising

[CA ARPIT PARIKH @arpittparikh]

@CAHimankSingla Tax audit??

[CA ARPIT PARIKH @arpittparikh]

Indeed agrred

[CA Himank Singla @CAHimankSingla]

For this ITR season, remember these facts and paste in front of your office PC:

✅ 87A rebate from Special Tax Rate incomes is not available in New Regime.
✅ 87A rebate from Special Tax Rate incomes is available in Old Regime.
✅ Basic exemption slabs are still available from Special Tax Rate incomes in both regimes.
✅ LTCG tax on immovable property will be paid lower of 12.5% or 20% option (if sold after 23/07/2024) - both tax regimes
✅ LTCG tax on immovable property will be paid @ 20% with indexation (if sold before 23/07/2024) - both tax regimes
✅ LTCG income (for property sold after 23/07/2024) to be added to GTI shall be LTCG calculated without indexation of purchase consideration.
✅ LTCG exemptions u/s 54 series (for property sold after 23/07/2024) to be considered as per amount calculated to be invested if LTCG was calculated without indexation - both regimes.
✅ Buyback before 01/10/24 is exempt u/s 10(34A).
✅ Buyback after 01/10/24 is taxable as IFOS u/s 2(22)(f) and Purchase consideration shall be current year capital loss.

[Siva @sivatalks]

@atulmodani Appreciate it but will the tool work against politicians who evade public money and bankrupt banks

[CA Himank Singla @CAHimankSingla]

🚨 Important clarification on ITR filing for AY 2025-26 🚨

I have seen on X that Picture 1 is being circulated again and again and it is being said that ITR-2/3 Utilities have been taken down by Department due to some errors in json files!

This is completely wrong.

✅ Please note, that as of today, only offline Excel-based utilities for ITR-2 & ITR-3 have been released by the Income Tax Dept. (Picture-2)

📌 Online utility currently doesn’t support filing for ITR-2 or ITR-3.

📢 Don’t be misled by screenshots.

Please check https://t.co/RQbUnKHds2 for latest utility availability.

[CA ARPIT PARIKH @arpittparikh]

@CAMihirModi @IncomeTaxIndia Really disgusting now that it is june end and still itr 2 and 3 not available..e filling is far away

[CA ARPIT PARIKH @arpittparikh]

@IncomeTaxIndia @FinMinIndia Kindky do the needful at earliest and update

[CA ARPIT PARIKH @arpittparikh]

@IncomeTaxIndia @FinMinIndia kindly release utility and efilling enable for itr 2 and ktr 3 at earliest
Salaried and presumptive business tax with short term gain are unable to file just because even after 3 month utility are yet to released after end of financial year

[CA ARPIT PARIKH @arpittparikh]

@FCAPallav @FinMinIndia @IncomeTaxIndia @TaxationUpdates @AbhasHalakhandi @akhilpachori @practice_guru @taxmannindia Tds details are not getting fetched only advancd and self assessment tax fetched

[CA ARPIT PARIKH @arpittparikh]

@SamsungIndia this is clear breach of access to customers' data and breach of confidential policy

@SamsungMobile kindly look into and resolve at earliest priority

[meetshah275 @meetshah2705]

@SamsungMobile @SamsungIndia
🚨 Attention @SamsungIndia 🚨

My privacy breached by your authorized service center! 😡 They added their number to my Google account. 📱🔒
Despite submitting solid proof to all official channels, the response after 2 weeks was shockingly careless.

[CA Anupam Sharma @caanupam7]

ROC levied penalty of Rs.1.50 lakhs (@ Rs.10,000 for each default per year u/s 450) on auditors for non-disclosure of required information in financial statements from 2015-16 to 2019-20:
-         Related party transactions as per AS-18
-         Trade payables to micro and small enterprises separately
-         Nature of short term loans and advances
-         Income & expenditure exceeding 1% of revenue or Rs.1 lac, whichever is higher
Penalty has been imposed even after 7 years of filing financial statements due to no limitation period prescribed in the Companies Act for adjudication of penalties.

[CA Harshil sheth @CA_HarshilSHETH]

We have developed RCM RATE WISE calculator excel utlity for GSTR9C

If you put GSTR 3B figures of RCM and it will give you RATE WISE caluculation

U will get the download link for the calculator excel if you
1. Follow me
2. Reply or Retweet

then
Check DM on 18th december

[CA Anupam Sharma @caanupam7]

𝗚𝗿𝗲𝗮𝘁 𝗡𝗲𝘄𝘀 𝗙𝗼𝗿 𝗛𝗼𝗻𝗲𝘀𝘁 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀

The Supreme Court has 𝗱𝗶𝘀𝗺𝗶𝘀𝘀𝗲𝗱 𝘁𝗵𝗲 𝗱𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁'𝘀 𝗦𝗟𝗣 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝗵𝗲 wherein it was held that the *purchasing dealer's ITC cannot be denied by the department on the ground that that supplying dealer has not remitted the tax so collected unless there is an exceptional case like the supplier going missing or any situation wherein it becomes impossible for the department to collect tax from such a supplier.* 𝘜𝘯𝘵𝘪𝘭 𝘵𝘩𝘦𝘳𝘦 𝘪𝘴 𝘢 𝘳𝘦𝘮𝘰𝘵𝘦 𝘤𝘩𝘢𝘯𝘤𝘦 𝘰𝘧 𝘳𝘦𝘤𝘰𝘷𝘦𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘵𝘢𝘹 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘴𝘶𝘱𝘱𝘭𝘺𝘪𝘯𝘨 𝘥𝘦𝘢𝘭𝘦𝘳, 𝘵𝘩𝘦 𝘥𝘦𝘱𝘢𝘳𝘵𝘮𝘦𝘯𝘵 𝘴𝘩𝘢𝘭𝘭 𝘯𝘰𝘵 𝘥𝘦𝘯𝘺 𝘐𝘛𝘊 𝘵𝘰 𝘵𝘩𝘦 𝘱𝘶𝘳𝘤𝘩𝘢𝘴𝘪𝘯𝘨 𝘥𝘦𝘢𝘭𝘦𝘳.

𝘈𝘨𝘢𝘪𝘯𝘴𝘵 𝘵𝘩𝘪𝘴 𝘰𝘳𝘥𝘦𝘳, 𝘵𝘩𝘦 𝘋𝘦𝘱𝘢𝘳𝘵𝘮𝘦𝘯𝘵 𝘧𝘪𝘭𝘦𝘥 𝘢𝘯 𝘚𝘓𝘗 𝘪𝘯 𝘵𝘩𝘦 𝘚𝘶𝘱𝘳𝘦𝘮𝘦 𝘊𝘰𝘶𝘳𝘵

It is being reported that the SLP has been dismissed

This comes as a massive victory for honest taxpayers.

[CA Mohit @CaMohitArora9]

#HotStar is streaming WC matches live with peak viewership crossing 5 Cr. without any problem and our world class websites like #MCA #GST #IncomeTax generally collapses with only few lac filing at a time that too when most of the govt. revenue is generated through them.

[CA ARPIT PARIKH @arpittparikh]

@cavijaysarda Congratulations 👏

[CA ARPIT PARIKH @arpittparikh]

@IndiGo6E Need refund or compensation for all of the passengers
It's totally harrassing not just delaying but getting customer back and forth for 3 different gates,

[CA ARPIT PARIKH @arpittparikh]

@IndiGo6E @AAI_Official what the non sense bulish behaviour towards customers.
Flight - 6R 6085
3 times flight delayed 12:30 am to 1:20 to 2:00.Even gate number is getting changed customer including children and senior citizens have to walk 2-3 kms just to take boarding, resol

[CA ARPIT PARIKH @arpittparikh]

Very bad behaviour of staff as well

Not responding properly