Vikram

Believing India is free

[Vikram @cool_vik_laccha]

AI और बप्पा का धमाल,

हर ताल में भक्ति, हर जयकारे में भाव और हर कदम पर सिर्फ एक ही आवाज़—
गणपति बप्पा मोरया! 🙏❤️
अगले बरस तू जल्दी आ! 🌺

#GanpatiBappaMorya #Ganpati #GaneshChaturthi #GanpatiVisarjan #Visarjan

[Vikram @cool_vik_laccha]

@xxChessMaster Tricky but brilliant en passant d5xe6 move by white, capturing the black pawn that just moved e7-e5, while simultaneously uncovering the bishop on b2 for a stunning checkmate!

[Vikram @cool_vik_laccha]

@abhishekrajaram @chessmaster02 King has no option but to capture queen, making this a brilliant queen sacrifice. White's next move is a bishop mate, and black queen can only go to b8, leading to unavoidable Rd8#. Thus, this brilliant forced checkmate sequence stems from the queen sacrifice.

[Vikram @cool_vik_laccha]

@arvindgunasekar Three basic and apparent issues in the attached I&E statement:

1. Why are the date and place of signing not mentioned?

2. Why is the UDIN not mentioned to authenticate the document?

3. Why is there no signature of the concerned political party’s authorised office-bearer?

[Vikram @cool_vik_laccha]

@MeghUpdates Is this legal and does such Act gets covered as act in official capacity by police? #JustAsking

[Vikram @cool_vik_laccha]

@WydRomanX Bar Code on the bottle

[Vikram @cool_vik_laccha]

@rambajajgst Validly raised observation. How else should the Department identify GST reversals missed by clients? A notice, response and closure seems harsh—so should they conduct a search at every establishment instead? Enlighten us, Hey Ram! 🙏

[Vikram @cool_vik_laccha]

@abhishekrajaram As you rightly said, notice isn’t a final demand, so why portray it as one?

Department is obligated to enforce tax provisions, and issuing notice is only first step.

If anyone receives undue notice, we as CAs can help them by explaining law and facts, rather than causing panic.

[Vikram @cool_vik_laccha]

@Beno10_MFC R

[Vikram @cool_vik_laccha]

@rambajajgst I absolutely concur that merely certifying and signing Form 15CB shouldn’t invite such harsh criminal action.

Yet, 804 cr foreign remittance fraud involving 4 CAs, each signing off on 201 cr of apparently fraudulent remittances, makes innocent certification difficult to sustain.

[Vikram @cool_vik_laccha]

@Finance_Bareek No one intentionally misses details, clients want AIS/GST data used selectively to report turnover while ignoring other credits. Once all credits are accounted for, GST turnover and IT liability may rise, so they prefer reporting only AIS/GST figures, hoping to avoid notices.

[Vikram @cool_vik_laccha]

@IndiaNewGen Very smart, but you missed one key element, the 75000 standard deduction now available against salary in new regime, which didn't exist in 2014. Factor that and your calculation simply doesn't hold.

Statistics is a tool and weapon in hands of a fool. You proved that rather well.

[Vikram @cool_vik_laccha]

@poojaofficial5 Wow!

The son sat like a lame duck before his computer from midnight on 31st July, waiting for a crucial document to descend into his inbox like a boon from universe so he could file his mother's return. It finally arrived at 2:30 AM on 1st August. Nothing could be more bizarre!

[Vikram @cool_vik_laccha]

@NalinisKitchen @nsitharaman A correction!

If share trading is someone's regular livelihood, income may be assessable as business income instead of STCG, depending on facts. There are ample precedents supporting this. In such cases, normal slab rates and Sec. 87A rebate may apply.

[Vikram @cool_vik_laccha]

@suhail12892 @akhilpachori Speculative income pe discussion abb phir kabhi par 44AD/ADA yaha isliye discuss hua kyunki originator of this thread ne Jameel mamu se inhi presumptive taxation ka reference de k mera baccha hai tu wala gyan dala hai.

[Vikram @cool_vik_laccha]

@manojgavali @akhilpachori Thats why I said ki maja to tab aayega --- meaning in those cases, leaving room for 8 lac-9lac and so on appropriately.

[Vikram @cool_vik_laccha]

@ArihantAri @akhilpachori Hmmmm.......best of luck to explain the word BUSINESS with the kind of transaction you have mentioned.

And about who asked me to keep margin 6% --- first understand what does presumptive taxation scheme says about declaration of income to tx using that scheme.

Have fun.

[Vikram @cool_vik_laccha]

@Indianpatriachy I may sound harsh and unpopular, but whenever I hear such cases, I feel parents who repeatedly force their daughters to adjust and send them back to abusive in laws home despite knowing the cruelty should also face legal action for abetting the crime if it costs her life

[Vikram @cool_vik_laccha]

@ArihantAri @akhilpachori 44AD mai 1 rupya business income hoga to maximum turnover hoga 17 rupees (Bank receipts basis) and 12 rupees (cash receipts basis).

As for 44ADA -- maximum turnover hoga 2 rupees.

Notice pe Jameel Mamu batayenge itne kam ka business turnover kaise hua?