G KRISHNA REDDY CA ASPIRANT

📊 CA Aspirant | 📚 Commerce Graduate | 🧾 Taxation & Audit Enthusiast | 💼 Future Finance Professional | Learning daily, aspiring constantly. #CAJourney #Finan

[G KRISHNA REDDY CA ASPIRANT @crazystudyca123]

*Advisory on Filing Opt-In Declaration for Specified Premises 2025*

The relevant declarations issued vide Notification No. 05/2025 – Central Tax (Rate), dated 16th January 2025, are now made available electronically on the GST Portal.

[G KRISHNA REDDY CA ASPIRANT @crazystudyca123]

Hi
Anyone faced issue
We are claiming exemption u/s10(23c) (iiiad) for school below 5 crores
But late fees was coming around 1000
But the due date was 31st August why late fees showing in portal while filing @IncomeTaxIndia @PratibhaGoyal

[CA Ram Bajaj @rambajajgst]

RT if you stand with the CA profession. 🔄

This JPC proposal should concern every CA — not just small firms.

1️⃣ Small Company definition expanded massively
Paid-up capital: ₹20 Cr
Turnover: ₹200 Cr

2️⃣ Audit exemption proposed for certain private companies — subject to prescribed conditions.

What looks like “Ease of Doing Business” today could become a major blow to the audit profession tomorrow.

If thousands of companies move outside mandatory audit:

❌ Tier-3 & Tier-2 CA firms will feel the impact first.
❌ Even Tier-1 firms may eventually face pressure.
❌ Audit assignments → ↓
❌ Professional opportunities → ↓
❌ Fee pressure → ↑

Big 4 / large firms may absorb the shock.
But the real impact could fall on the thousands of small & mid-sized CA firms across India.

Audit is not merely a compliance cost.
It is a pillar of financial transparency, accountability and stakeholder confidence.

#CA #CharteredAccountants #Audit #ICAI #CompaniesAct #CAProfession #JPC

Ram Bajaj
8696424223

For Regular GST Updates, Join this Group
https://t.co/8mbKFyIGeU

[B Vinay Reddy @VinayReddyBV]

తెలంగాణలో ఆర్‌టీఐ అమలుపై కీలక పిల్... రేపు హైకోర్టులో విచారణ

తెలంగాణ హైకోర్టు గౌరవ ప్రధాన న్యాయమూర్తి నేతృత్వంలోని డివిజన్ బెంచ్, పార్టీ-ఇన్-పర్సన్‌గా హాజరవుతున్న వినయ్ రెడ్డి దాఖలు చేసిన W.P. (PIL) No. 18 of 2026 ను రేపు విచారించనుంది.

[CA. Dhairya Keshri @Dhairya__tweets]

Tally has introduced a new AI-powered feature called Tally IRA, which lets you upload your purchase invoices (PDFs or images) and automatically generate accounting entries after a simple mapping process.

How to access Tally IRA:

1. Ensure you have an active TSS (Tally Software Services) subscription.
2. Search for "Tally IRA" on Google and open the portal.
3. Log in using your Tally credentials.
4. Once activated, the plugin will automatically appear in Tally. You can verify this by going to Help → Tally Plugins.
5. To import invoices, go to Import → Transactions, upload your invoice (PDF/Image), complete the required field mapping, and Tally IRA will automatically create the accounting entries for you.

That's it, your purchase entries are ready in just a few clicks.

[G KRISHNA REDDY CA ASPIRANT @crazystudyca123]

@cadeepakgupta_ [email protected]

[G KRISHNA REDDY CA ASPIRANT @crazystudyca123]

@carajendra89 Claude100

[G KRISHNA REDDY CA ASPIRANT @crazystudyca123]

@cadeepakgupta_ [email protected]

[G KRISHNA REDDY CA ASPIRANT @crazystudyca123]

@cadeepakgupta_ [email protected]

[Ministry of Corporate Affairs @MCA21India]

Small LLP Framework !

To support entrepreneurs and small businesses, MCA introduced the concept of Small LLPs, bringing simplified compliance requirements, lower filing fees, and reduced compliance costs.

A significant step towards fostering ease of doing business and strengthening India's entrepreneurial ecosystem.

#MCA #12YearsOfSeva #EaseOfDoingBusiness #LLPReforms #StartupIndia

[Ministry of Corporate Affairs @MCA21India]

Small Company Reform !

To further enhance Ease of Doing Business, MCA revised the thresholds for the definition of Small Companies under the Companies Act, 2013.

✅ Paid-up share capital threshold increased to ₹10 crore
✅ Turnover threshold increased to ₹100 crore
✅ More companies eligible for simplified compliance requirements
✅ Reduced filing burden and lower compliance costs

#MCA #12YearsofSeva #EaseOfDoingBusiness #SmallCompanies

[Income Tax India @IncomeTaxIndia]

KIND ATTENTION TAXPAYERS!
Beware of Fake Messages!
Scammers may send fake e-mails & SMS claiming to be from Income Tax Department to steal your personal info.

🛑 Don’t fall for it - never share OTPs or bank details.

✅ Always verify communications on the official portal (https://t.co/ONPMJ2VSum)

✅ Report suspicious messages to [email protected] and mark a copy to [email protected]

Think Before You Click - Stay Tax Smart, Stay Safe!
@nsitharamanoffc
@officeofPCM
@FinMinIndia
@PIB_India
@MIB_India

[Income Tax India @IncomeTaxIndia]

Kind Attention Taxpayers!

Online filing and Excel Utility for ITR-2 for A.Y. 2026–27 are now enabled on the e-Filing portal.

Visit:
https://t.co/cEiDhzUMQI

@nsitharamanoffc
@officeofPCM
@FinMinIndia
@PIB_India

[Mayank Agarwal 💡 @TheAIWorld22]

INSTEAD OF WATCHING NETFLIX TONIGHT.

Spend 1 hour with this.

Claude AI FULL COURSE that teaches you how to BUILD and AUTOMATE anything.

The people who watch this tonight will wake up tomorrow with a new skill.

Watch it and Bookmark it now.

[G KRISHNA REDDY CA ASPIRANT @crazystudyca123]

Dear @GSTN_IT
We applied for revocation on 14/03/2026. The request is still pending and grievance tickets raised are not resolved.
Kindly expedite the process and resolve the issue at the earliest.
Ticket no:202604213769693
#gstportal
#gstn
#cbic

[FSSAI @fssaiindia]

FSSAI has ordered strict enforcement across states to intensify action against illegal fruit ripening agents, reiterating that the use of calcium carbide for artificial ripening of fruits such as mangoes, bananas & papayas is strictly prohibited.

[Ministry of Health @MoHFW_INDIA]

Heat waves are increasing with rising global temperatures.
Stay safe from heat stroke:
✔ Drink plenty of water
✔ Avoid heavy work during peak heat
✔ Wear light coloured clothes
✔ Take frequent rest breaks
In case of heat stroke, move the person to a cool place and provide first aid immediately.
#BeatTheHeat #HeatSafety #ClimateAndHealth

[CA Abhishek Mehan @CaAbhishekMehan]

Late Fees u/s 234E? Not Always Valid ⚖️

A recent ruling by the ITAT Kolkata brings much-needed clarity on TDS compliance and the limits of procedural law.

What Happened? 📌

In a key decision, ITAT held that:

• Late fees under Section 234E cannot be levied for TDS returns filed before 1st June 2015
• Reason? There was no enabling provision under Section 200A to impose such fees at that time

The Core Principle ⚖️

Law doesn’t operate in isolation.
A provision may exist, but without a machinery to enforce it, it cannot be applied.

The tribunal also relied on multiple High Court rulings supporting this position, reinforcing that procedural backing is essential for levy validity

Why This Matters 📊

This ruling is significant for:

• Old TDS defaults (pre-2015)
• Pending litigations on 234E fees
• Professionals dealing with legacy compliance

It draws a clear line between law in books vs law in operation.

Takeaway 💡

Compliance is critical, but so is correct application of law.
Where authority exceeds its procedural limits, the levy does not stand.

[Moneycontrol @moneycontrolcom]

#MCPersonalFinance | ITR filing isn’t just about income: These high value spends can make it mandatory

Read More:
https://t.co/J6eJtSidg8

[Income Tax India @IncomeTaxIndia]

Old forms 60 and 61 have been replaced with new forms 97 and 98.

✅Form 97 – Filed by persons not possessing PAN and entering into specified transactions.

✅Form 98 – Filed by persons receiving Form 97 declarations.

Link to access detailed brochure on the above-mentioned forms:
https://t.co/XwLw2OtdMO

#IncomeTaxAct2025 #SaralKanoonSashaktBharat

@nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

[Taxation Updates (CA Mayur J Sondagar) @TaxationUpdates]

GST Portal not working properly

Captcha not loading

After Login in difficult to change period as 2026-27 and April appear by defalt

@Infosys_GSTN @cbic_india