SaaS CFOs in 2025: juggling usage-based pricing like it’s a circus 🎪 while navigating a tough year—22K tech jobs impacted. 🥺 Let’s keep the books AND hearts balanced. How are you adapting to SaaS shifts? #SaaS2025#CFOChallenges#SaaSGrowth
🟥 BREAKING NEWS: Amendment made in the Finance Bill - Relief announced for real estate under LTCG! (via ET Live)
Taxpayers can avail either a lower rate of 12.5% without indexation or 20% rate with indexation if the property is acquired before July 23, 2024 - which ever is lower!
Today, July 31st 2024 is the last date to file your Income Tax Returns
Consequences of not filing your Income Tax Return before Due Date u/s 139(1):
- Late Fee of ₹1,000 if Total Income is upto ₹5,00,000
- Late Fee of ₹5,000 if Total Income is above ₹5,00,000
#Incometax
Filed 200+ ITRs and not a single client made even a minimum or 1000Rs profit in F&O or intraday trading. People should stop chasing easy money and invest in mutual funds, FDs, or anywhere with fixed income. #Finance
Girish Ahuja sir explaining the indexation removal impact with example and exemption u/s 54 & 54F
Sir ka example to Department se bhi jyada bada hai...
Do Listen..
#Budget#INDEXATION#IncomeTaxReturns
Income Tax has all your Information
See how much data sharing is done by companies with Income Tax
Better to declare income, pay tax & relax..
#Budget#IncomeTaxReturns
Girish Ahuja sir explaining the indexation removal impact with example and exemption u/s 54 & 54F
Sir ka example to Department se bhi jyada bada hai...
Do Listen..
#Budget#INDEXATION#IncomeTaxReturns
Income Tax has all your Information
See how much data sharing is done by companies with Income Tax
Better to declare income, pay tax & relax..
#Budget#IncomeTaxReturns
Big Breaking!!
Tax Audit Report can now be furnished/approved by the assesses with Aadhar OTP/ Other EVC modes.
Mandatory requirement of Digital Signature has been done away with.
FACILITY ONLY AVAILABLE TO INDIVIDUAL/HUF
(not to Firm/LLP/Companies/Trust etc.)
and is in line with amendment to Rule 12(3) via Income Tax (Amendment) Rules 2024 effective from 1st April 24 issued via NNO. 19/2024.
Thanks @IncomeTaxIndia for adhering to continuous requests post amendment in R.12(3) 👍
Portal Pic Credits
Individual Case - @CAAditiBhardwaj
Partnership Case - @hirenbhandari_
Students/Professionals who are interested in knowing more about the legal background of this development may refer below tweets.
E-Invoicing will be applicable if the turnover has exceeded ₹5 crore in any of the preceding financial years.
Lets understand more about E-invoice & its applicability in a simple way.
Breaking news: You can now file tax audits with Aadhaar OTP. No need of digital signature !!
In the recent tax audit I filed, I completed the whole process of acceptance of 3CB-3CD & the ITR filing with only Aadhaar OTP verification.
@IncomeTaxIndia: Super Impressed, thank you!
Moving completely to Online Platform is highly appreciable step, it helps significantly reduce corruption BUT selecting the VENDOR providing IT Services is also highly Important. An INEFFICIENT, INCAPABLE operator will FAIL the SYSTEM. Plz understand.