Ashok Seth

Chartered Accountant, in Practice since1975 at Lucknow as partner of Seth and Associates

[Think Tank @corn_kt]

नेमार का शानदार किक, लियोन मेसी सिर्फ देखता रह गया असंभव सा गोल खा लिए।

यह गोल नहीं देखा तो #FIFA फुटबॉल का जलवा नहीं देखा ।

नेमार जब लय में हो तब क्या रोनाल्डो,क्या मेसी कोई नही टिकता सामने इस ब्राजील फुटबॉल के तूफान के सामने। 👁️⚽🥅

[Ashok Seth @caashokseth]

@carajendra89 Prompt

[CA Chirag Chauhan @CAChirag]

CII for 2026-27? @IncomeTaxIndia Why has it not been published yet?

Ideally, it should be published in the first week of April!

Taxpayers find it difficult to calculate advance tax on capital gains in 2026 @nsitharamanoffc

[Ashok Seth @caashokseth]

@carajendra89 Pl DM

[खुचरेंप @khuchrep]

प्रधानमंत्री जी की अपील के बाद,
पेट्रोल पंप में पेट्रोल वापस करने जाते नेता जी।

[Sandeep Manudhane @sandeep_PT]

So Modi wants common citizens to "follow their duties" and cut down on petrol-diesel consumption.

Well then Modi should personally ensure
> Reduction in MP-MLA convoys' size by 80%
> Total ban on chartered flights of all politicians
> Total ban on foreign trips of all politicians
> No mega political meetings and rallies
> No mega swearing-in gatherings
> No car or bike rallies for parties
> No foreign visits for himself
> All rules to apply to RSS also

Of course, this won't happen. But we have to follow 'kartavya' because this is 'Amrut Kaal' and we are all subjects of the regime, even as the regime gorges on fruits of our taxes.

[Anuradha Tiwari @talk2anuradha]

My appeal to PM Modi-

In order to save petrol & diesel, please make it mandatory for bureaucrats, MLAs & MPs to use public buses and metro instead of large convoys.

It will also be a good opportunity for them to experience world-class infrastructure they are building for us.

[CA Harshil sheth @CA_HarshilSHETH]

A Genuine Plea for Rationalisation of TDS Rates under Sections 194T ( Rationalisation means Reductions here)

Need to reconsider the present 10% TDS structure under Section 194T – TDS on Partner Remuneration & Partner Interest

( even Section 194A , 194J and 194I has remained 10% so they also need to be reduced in same logic explained below)
_________________________________

Section 194T — is Hurting Small Partnership Firms and their partners badly

Firm pays ₹15L (remuneration + interest) → must deposit ₹1.50L TDS immediately ( as 10% TDS rates u/s 194T) → massive working capital blocked. Small partnership firm like this with limited liquidity may be forced to immediately arrange funds and deposit substantial TDS merely because remuneration and interest are credited in books.

On the other hand-
Partners ( who are owners of business) may ultimately have NIL tax liability ( as total income may be 12 lakhs below under the New Regime due to slab benefits and rebate provisions in MOST cases.)
So firm arrange funds today , blocks in terms of TDS → partner claims refund months later → Revenue gains NOTHING.

Suggestion to consider in Next Budget:
✅ Reduce from 10% → to 1% or 2% and
✅ Raise the limit i.e. Higher threshold for 194T

EXPLAINED WHOLE ISSUE in detail below

@IncomeTaxIndia

[CA Ruchita Vaghani @R_N_Vaghani]

Stop Freebies ✊

[सुधीर हालाखंडी Sudhir Halakhandi @Sudhirhalakhndi]

Income Tax Section 194T - कल तक partners Interest और remuneration पर करोड़ों रुपये TDS के रूप में जमा हुए हैं जो छोटी और मझौली firms के अधिकांश मामलों में Partners को Refund होगा ।
भविष्य के लिए इस प्रावधान पर तार्किक विचार कर उचित परिवर्तन किया जाना उचित होगा ।

[Sridhar Vembu @svembu]

Open letter to Indians in America.
--
Dear brothers and sisters from Bharat:

Like I did 37 years ago, you arrived in America with no money but with a good education and cultural heritage from Bharat. You achieved outstanding success. America was good to us. For that we must remain grateful - gratitude is our Bharatiya way.

Yet today, a significant number of Americans, may be not the majority but not too far from it either, believe that Indians "take away" American jobs and our success in America was unfairly earned.

You may think the next election will fix this, but your choice would be between people who hate our Bharatiya civilisation and people who hate civilisation itself. That is the "hard right" vs "woke left" battle. You are mere bystanders to that conflict.

Meanwhile there is one thing that is true now and will be true in the future: the respect Indians command world-wide will substantially depend on the fortunes of India herself. If India remains poor, the woke left will give us moral lectures with pity and the hard right, different moral lectures with scorn ("hellhole") and we must not confuse either with respect.

Respect in today's world, along with prosperity and security, comes from one source: a nation's technological prowess. India produces sufficient brain power to achieve that prowess but alas we exported so much of that talent, particularly to America. As we develop that prowess in India, our civilisational strength will assert itself.

As difficult as it is for many of you to contemplate this, please come back home. Bharat Mata needs your talent. Our vast youthful population needs the technology leadership you gained over the years to guide them towards prosperity. Let's do it with a missionary zeal.

Respectfully
Sridhar Vembu

[CAclubindia @CAclubindia]

This 🧵explains the newly introduced Section 194T under the #IncomeTax Act, 1961, applicable from FY 2025-26, which brings payments made by partnership firms to partners under the TDS framework.

[CA Ruchita Vaghani @R_N_Vaghani]

We are Against Freebies.✊

[Atul Modani @atulmodani]

Some important insights on Health #Insurance

#Mediclaim

[Atul Modani @atulmodani]

Many concerns have been raised by members regarding signing of provisional or unaudited balance sheet or issuing specific certificates

Here are videos by Past President ICAI Aniket Talati giving insight on how to move forward on same and professional content to be referred while signing the same

The illustrative reports are well drafted - Pls refer to bare standards issued by ICAI ;

Format of Networth Certificates
https://t.co/wNyHZPSdck

Prospective Financial Information
https://t.co/ynEu1HG8DM

Unaudited/Provisional Financials
https://t.co/ujcSFGNUv8

@AniketTalati

[Ashok Seth @caashokseth]

@CAChirag Bad

[Pratibha Gupta @PratibhaGoyal]

IMPORTANT INFORMATION

IIT Kharagpur has created National Digital Library for students for all subjects.

Link👇 https://t.co/jMGfMV9l9C

It contains more than 4.75 crore precious books.

Please share this information as much as possible for students to know & avail of this priceless facility.

[Tax Guru @taxguru_in]

ITAT Ahmedabad: Addition for alleged cash payment deleted. Tribunal held an unsigned Excel sheet found during survey, without corroborative evidence linking the assessee, cannot prove undisclosed income. Mere entries are insufficient proof of cash transaction. #IncomeTax #ITAT #TaxRuling https://t.co/fJIBO0BsmX

[Deepika Narayan Bhardwaj @DeepikaBhardwaj]

What a brilliant initiative. One of the best things I have heard coming from #AISummit

[CA Ruchita Vaghani @R_N_Vaghani]

After Sending Mass Notices............

CPC has Switched off Their all Contact Lines

Zero Accountabilty, Zero Transperency
100% Harassment

Dear @IncomeTaxIndia now how Taxpayer resolve their query ?????