Ashwani Garg

Chartered Accountant

[Ashwani Garg @ashugargca]

@gupta_rekha @PMOIndia

[Ashwani Garg @ashugargca]

@CMODelhi

[CA Himank Singla @CAHimankSingla]

Need guidance and opinion of @IncomeTaxIndia @nsitharaman @nsitharamanoffc and all my respected professional colleagues..

A practical issue has emerged in the AY 2026-27 ITR Utility that deserves attention.

CBDT Circular No. 36/2016 categorically clarifies that compensation received pursuant to an award or agreement under Section 96 of the RFCTLARR Act, 2013 is not taxable under the Income-tax Act, even where no specific exemption provision exists in the Income-tax Act itself. (Photo 2)

This clarification is particularly relevant for compensation received on compulsory acquisition of non-agricultural land, which enjoys exemption by virtue of Section 96 of the RFCTLARR Act and the CBDT Circular. (Photo 2)

However, while reporting exempt income in the latest ITR Utility, taxpayers are required to select a specific category/sub-category. The available options appear to include Section 10(37) for capital gains arising on compulsory acquisition of urban agricultural land, but no corresponding reporting code is available for compensation exempt under Section 96 of the RFCTLARR Act. (Photo 1)

This raises an important compliance question:

✅How should taxpayers report compensation exempt under Section 96 of the RFCTLARR Act in the absence of a dedicated disclosure field or exemption code in the utility?

A suitable clarification or utility update from CBDT would be highly welcome!

[Ashwani Garg @ashugargca]

@AnupamMittal @FinMinIndia @nsitharamanoffc Yes, you are absolutely right!!!
I am also facing

[Dr. Rakesh Bansal @iamrakeshbansal]

IDFC First Bank Pays Rs 583 Crore to Haryana Govt – But Hasn’t Recovered a Penny!
We are seeing the headlines: IDFC First Bank hands over Rs 583 crore to Haryana government after spotting a Rs 590 crore fraud at their Chandigarh branch. But wait – the bank hasn’t recovered any of this lost money yet! They paid it all back to the govt departments right away, covering full principal and interest, even while police probe is on.
Banks can’t just dip into your deposits like that – it’s against rules. Instead, this hit comes from the bank’s own pockets, likely eating into their profits or reserves. They’ll now chase the crooks (bank staff and outsiders who colluded) to get it back, but who knows how long that’ll take.
Big question: If this fraud hit your or my small account – say Rs 5,000 gone – would the bank pay us back in 24 hours? Hell no! They’d make us file complaints, run to branches, wait months for RBI help, and maybe still say “sorry, not our fault.” But for big govt accounts? Instant payout! Shows how banks treat VIPs vs regular folks. Time for better rules to protect us all? What do you think? #BankFraud #IDFCFirstBank #HaryanaGovt

[Ashwani Garg @ashugargca]

@CAHimankSingla Then where it will come in gst 9

[Ashwani Garg @ashugargca]

@PizzaHutIN order id 15197219 order at 8.25 pm still not received after one hour.
Very poor service and no response from outlet.

[Ashwani Garg @ashugargca]

@PratibhaGoyal Good

[Ashwani Garg @ashugargca]

@CAChirag Pixel 10 pro

[Ajay Gupta @ajayguptaca]

Let’s Retweet, time for UNITY.

Every CA must raise their voice for Tax Audit extension by filing grievance on https://t.co/CnxNbFiMrH. Steps to file are given in below image.

Screenshot of my grievance also attached. If you need draft format, DM me.

#ExtendTaxAuditDueDate #TaxAuditExtension

[Ashwani Garg @ashugargca]

@IncomeTaxIndia @nsitharamanoffc @abhishekrajaram @bhuvanmittal Respected Officials,
I wish to draw your urgent attention to the repeated breakdowns faced by the Indian Income Tax e-filing portal during peak filing season. While our portal serves lakhs of citizens and professionals, it frequently becomes inaccessible, slow, or unresponsive at critical times. As deadlines approach, compliance becomes nearly impossible due to these persistent failures—this is not just inconvenient but unfair.[angelone +1]
International technology platforms such as Google and similar services manage traffic of billions daily, with negligible downtime or technical errors. Yet, our national tax infrastructure, which should be a pillar of Digital India, cannot withstand even the routine surge in genuine taxpayer usage.[bajajfinserv +1]
I request that the government and concerned departments take inspiration from global public-facing technology, investing in truly world-class digital infrastructure, skilled engineering, and scalable architecture. It is time for India to have a tax portal as reliable and responsive as any top-tier global website, ensuring fair and smooth service for all taxpayers.

[Ashwani Garg @ashugargca]

@ajayguptaca @IncomeTaxIndia Using same money , infosys is buying its shares through buy back

[Ashwani Garg @ashugargca]

@abhishekrajaram Sir
Remember Nayak film dialogue
Amrish puri said ‘log martey h marney do, buses jalti h jalne do , log chilayenge phir chup ho jayenge, sarkar ek do commitee bana kar report de degi’ phir sab bhool jayenge!!
Same here

[Abhishek Raja "Ram" @abhishekrajaram]

Date extension is genuine demand.

ITR & TAR both should be extended.

ITR is responsibility of Individual but they are usually ignorant about timelines and their responsibilities. Many of them even thinks that 12 lakh is threshold from this year.

Hope after seeing number OF pending ITR timely extension is inevitable.

[Abhishek Raja "Ram" @abhishekrajaram]

Patience doesn't always pay.

It's time to come in open in support of date extension for ITR & TAR.

#extend_due_dates_immediately
#extendduedates

[Anil Singla @SinglaAnilkumar]

आज चुनाव आयोग से मालूम हुआ कि जिन वोटर्स का के घर का अता पता नहीं है, उन्हें घर का नंबर शून्य (000) दे कर वोट डालने का अधिकार मिल जाता है। क्या बता सकते हैं उसका वोट किस पते पर बनता है ? क्या सड़क पर रहने वाले लोगों को वोट सड़क के पते पर बन सकता है और वो कहाँ वोट डाल सकता है ?

[Abhas Halakhandi @AbhasHalakhandi]

Peak ITR filing Season - III

Technical issue in viewing/downloading AIS/TIS from Morning 11 am

@IncomeTaxIndia

Requesting that such issues be proactively avoided.
Such technical errors during working hours lead to wastage of valuable manhours 🙏

[Ashwani Garg @ashugargca]

@gupta_rekha please look into the matter for increasing govt revenue and reducing tax evasion