THE ACCOUNTS LAB

[THE ACCOUNTS LAB @ArunDevgn]

💸 Don’t Take a Big Risk to Save a Few Bucks!

Filing your ITR yourself to save money can cost you more later. Get it filed correctly by a Tax Professional and stay stress-free!

The Accounts Lab
📞 [phone] | [phone]

#ITR #IncomeTax #TaxTips #TaxAlert

[THE ACCOUNTS LAB @ArunDevgn]

🏨 Hotel GST = Check the State!

Hotel GST follows the hotel’s location.
Stay in another State? 🚫 ITC generally won’t be available.
Stay in the same State? ✅ ITC may be available, subject to conditions.

The Accounts Lab
📞 [phone] | [phone]

#GST #ITC #GSTTips

[THE ACCOUNTS LAB @ArunDevgn]

📌 ITR और P&L में Sales को सामान्यतः GST को छोड़कर taxable value पर account किया जाता है। इसी वजह से GST-inclusive sales और books में reported sales के बीच difference दिखाई दे सकता है।

The Accounts Lab
📞 [phone] | [phone]

#IncomeTax #ITR #GST #ProfitAndLoss

[THE ACCOUNTS LAB @ArunDevgn]

📌 GST Late Filing?

Late filing पर applicable Late Fee और Interest लग सकता है। पहले GST return की details check करें, सही amount calculate करें और फिर return file करें—delay को और आगे न बढ़ाएं।

The Accounts Lab
📞 [phone] | [phone]

#GST #GSTR3B #TaxConsultant

[THE ACCOUNTS LAB @ArunDevgn]

📌 GST Suspension? Don’t Panic!

GST Registration suspend हो गया है? Suspension का कारण check करें, सही reply और supporting documents submit करें और timely action लेकर registration restore करवाएं.

The Accounts Lab
📞 [phone] | [phone]

#GSTRegistration

[THE ACCOUNTS LAB @ArunDevgn]

📌 GST Tip – Wrong Invoice Details

Wrong invoice details reported in GSTR-1? Identify the error, make the appropriate amendment, and reconcile the revised details with your records.

The Accounts Lab
📞 [phone] | [phone]
#GST #GSTR1 #GSTCompliance

[THE ACCOUNTS LAB @ArunDevgn]

⚠️ GST Registration Suspended?

Don’t panic. First identify the reason for suspension. If a notice has been issued, submit the required reply and documents within the prescribed time and correct any discrepancies.

The Accounts Lab
📞 [phone] | [phone]
#GST

[THE ACCOUNTS LAB @ArunDevgn]

📢 GST & ITC Tip

Supplier ने GSTR-1 file नहीं किया? पहले supplier से filing करवाएँ और invoice GSTR-2B में reflect होने के बाद ITC eligibility verify करें.

The Accounts Lab
📞 [phone] | [phone]
#GST #ITC #GSTR1 #GSTR2B

[THE ACCOUNTS LAB @ArunDevgn]

📢 Income Tax Notice?

Don’t panic. Read the notice carefully and file the appropriate reply within the prescribed time. If required, seek professional assistance.

The Accounts Lab
📞 [phone] | [phone]
#IncomeTax #TaxNotice #TaxCompliance

[THE ACCOUNTS LAB @ArunDevgn]

📢 TDS/TCS Refund Tip

If your final tax liability is lower than the TDS/TCS already deducted or collected, the excess amount may be refundable. Check Form 26AS and claim the correct credit while filing your ITR.

The Accounts Lab
📞 [phone] | [phone]
#TDS #TCS #ITR

[THE ACCOUNTS LAB @ArunDevgn]

📌 Business Expense Tip

Using a personal credit card for business expenses? Keep proper bills, documentation and reimbursement entries.

The Accounts Lab
📞 [phone] | [phone]
#Accounting #TaxCompliance

[THE ACCOUNTS LAB @ArunDevgn]

💡44ADA –Tax Tip

Eligible professionals can opt for presumptive taxation and declare 50% of gross receipts as income. The limit can be ₹75 lakh, subject to the applicable cash-receipt condition.

The Accounts Lab
📞[phone] | [phone]
#IncomeTax #44ADA #TaxPlanning

[THE ACCOUNTS LAB @ArunDevgn]

💰 ITR Refund Pending?

Check your refund status and bank details first. If the refund has failed, a Refund Reissue Request can be raised through the e-Filing portal.

The Accounts Lab
📞 [phone] | [phone]
#IncomeTax #ITR #TaxRefund

[THE ACCOUNTS LAB @ArunDevgn]

📢 Income Tax Tip

TDS deducted on FD interest or other eligible payments should not be overlooked. Claim the correct TDS credit while filing your ITR—any excess tax paid may be refundable.

The Accounts Lab
📞 [phone] | [phone]
#IncomeTax #TDS #ITR #TaxRefund

[THE ACCOUNTS LAB @ArunDevgn]

📢 GST Reminder | 20 August

Today is the due date for GSTR-3B for July 2026 for monthly filers.

Review your liability and ITC carefully before filing.

The Accounts Lab
📞 [phone] | [phone]
#GST #GSTR3B #GSTCompliance

[THE ACCOUNTS LAB @ArunDevgn]

⚠️ Income Tax Alert

Cash deposits of ₹10 lakh or more in savings accounts during a financial year are reportable to the Income Tax Department.

Always keep proper documentation for the source of funds.

The Accounts Lab
📞 [phone] | [phone]
#IncomeTax #CashDeposit

[THE ACCOUNTS LAB @ArunDevgn]

📢 GST Tip
Before claiming ITC, reconcile GSTR-2B with your Books.
A mismatch can lead to incorrect ITC claims and compliance issues.
The Accounts Lab
📞 [phone] | [phone]
#GST #ITC #GSTCompliance

[THE ACCOUNTS LAB @ArunDevgn]

📢 GST Update

GSTR-3B interest is auto-calculated on the GST Portal. If the system calculation appears incorrect, taxpayers can use the “Re-compute Interest” option to recalculate it.

The Accounts Lab
📞 [phone] | [phone]
#GST #GSTR3B #GSTUpdate

[THE ACCOUNTS LAB @ArunDevgn]

📢 Income Tax Update

The Income Tax Department continues to roll out AY 2026–27 ITR utilities. Taxpayers should use the latest available utility and verify their details before filing.

The Accounts Lab
📞 [phone] | [phone]
#IncomeTax #ITR #TaxUpdate

[THE ACCOUNTS LAB @ArunDevgn]

📢 Income Tax Update | 14 Aug 2026

The Income Tax Department has released the offline utility for ITR-7 for AY 2026-27 on the e-Filing portal.

Taxpayers covered under ITR-7 can now proceed with return preparation.

The Accounts Lab
📞 [phone] | [phone]

#ITR7 #tax