Atchaya Kumar (அட்சய குமார்)

Tax Consultant & Accountant 🔜 CA
Yoga on the mat. Chaos on the charts. 🧘
Options Seller • Crypto Explorer • Stock Addict 📈
Cinephile 🎬& CC geek 💳

[Atchaya Kumar (அட்சய குமார்) @caatchay]

Presumptive taxation is a simplification.
Not a loophole. Not a shortcut.

These are the things nobody talks about.
Now you know.

[Atchaya Kumar (அட்சய குமார்) @caatchay]

Section 44AD says "no need to maintain books."
But try filing ITR-4 without books.
You'll realise the law and the form aren't telling the same story. 🧵

#Section44AD #IncomeTax #PresumedTaxation

[Atchaya Kumar (அட்சய குமார்) @caatchay]

And the day an Income Tax scrutiny notice lands —
"I'm under the presumptive scheme"
won't protect you.

Only proper books will.
#ScrutinyNotice #IncomeTaxIndia #TaxAudit

[Atchaya Kumar (அட்சய குமார்) @caatchay]

@CAHimansh_ @snagachandra But the Sale of agricultural Land was shown in the AIS and to Disclose it we are showing it in Exempt Income.

[Atchaya Kumar (அட்சய குமார்) @caatchay]

#GoldInvesting #PersonalFinance #GoldETF #GST #IncomeTax #digigold

[Atchaya Kumar (அட்சய குமார்) @caatchay]

My friends keep asking me why I recommend GoldBees over DigiGold 🤔

I told them — "Do the math first."

Here's the math nobody talks about 🧵👇

(Save this before your next gold purchase)

[Atchaya Kumar (அட்சய குமார்) @caatchay]

Some platforms offer making charge discounts on redemption —
if that saving beats your entry cost, DigiGold wins for jewellery buyers.
But for pure investment? GoldBees wins. Every time.
Don't let hidden costs eat your gold returns silently 🪙
RT if this helped someone you know

[Atchaya Kumar (அட்சய குமார்) @caatchay]

My monthly routine with MRCC is as simple as
Just 5 transactions with this -
1500* 4 = 6000 - Amazon Pay vouchers
and
15000 - towards Income Tax.
20,000 / month
fee waiver sorted, and the rewards intact.
No-brainer.

[Suvan Dural Jha @_djsuvan_]

In a world where absolute garbage is being sold to beginners it really pains me that I cannot recommend Amex MRCC

I got mine 2 yrs ago as a college kid w 0 income (actual options on the application)

It teaches you abt milestones, welcome bonus, pts transfer, annual fee waiver

[Atchaya Kumar (அட்சய குமார்) @caatchay]

@cadeepakgupta_ [email protected]

[Atchaya Kumar (அட்சய குமார்) @caatchay]

@BojanRadojici10 Kindly share it.

[Atchaya Kumar (அட்சய குமார்) @caatchay]

@CardNiti IDFC Business Multiplier: Tax payments earn 10 RP/₹200 (1.25% gross),

but capped at ₹300 max reward per ₹1L spend — that's just 0.3% net (after charges).

Spend beyond ₹1L? You're at -0.2% net return. Better to skip using it for taxes altogether. 🚫

[CA Himank Singla @CAHimankSingla]

Dear @IncomeTaxIndia @nsitharaman @nsitharamanoffc @Infosys

As per Income Tax law, the time available for filing non-audit ITRs (ITR-1 & ITR-2) is from 1 April to 31 July... a total of just 122 days.

Today is 12th May.
42 days already gone. Only 80 days left.
That means nearly 34% of the statutory filing window is already over, while utilities for key ITR forms are still not released!

And once utilities come, professionals & taxpayers will be expected to complete 100% compliance in the remaining 66% time.

NO ACCOUNTABILITY. NO TRANSPARENCY. NO PREPARATION. FULL SHAMELESSNESS.

And the worst part ? Leaders of our profession never seem to raise this point each year on social media!