This year I am using this wonderful tool by @tirthshah28 bhai "Tally Scrutiny"
The Tax Audit Work is reduced a lot. Few features that I liked a lot:
1. Sales, Purchase, Expense analysis party-wise month-wise analysis
2. 269SS & 269ST Reporting of 3CD
3. MSME Creditors Ageing for 43B(h)
4. Dedicated Excel Add-in for cleaning/analysing the data.
5. 26AS Reconciliation with books
6. Fixed Asset Register Analysis
7. Ledger Scrutiny on the basis of set of Rules that you can set.
8. Clause 44 GST Expenditure wise breakup.
9. Creditors and Debtors Ledger Scrutiny.
Not just that, it helps you in regular Internal Audits and MIS Reporting as well.
Really worth the money as This TDL is Making Reporting Process simpler and save time with automated analysis.
Demo of the tool: https://t.co/aQj0n6yEHo
Take Trial of the TDL: https://t.co/qYYrchKijp
๐ด๐ฅ No Proof of Fraud? Section 74 Proceedings Quashed!
โ The Allahabad High Court quashed Section 74 proceedings against M/s Raghuvansh Agro Farms Ltd., ruling that authorities must prove fraud, willful misstatement, or suppression of facts to invoke this section. The court held that without specific findings of intent to evade tax, such orders lack jurisdiction. Missing toll plaza receipts cannot justify adverse inferences if invoices, e-way bills, and banking records prove physical movement of goods.
The Supreme Court has delivered a landmark blow to tax evasion in Mathur Polymers Case,
Affirming that consolidated Show Cause Notices (SCNs) spanning multiple years are valid for exposing fraudulent transaction patterns. Additionally, email service to a registered GST portal addressโeven a consultantโsโis legally sufficient under Section 169(1)(c). This ruling ensures procedural technicalities cannot shield multi-year fraud, aligning with the legislative intent to dismantle complex illegal Input Tax Credit (ITC) schemes.
Reporting F&O income in ITR
F&O is considered as income from โprofits and gains from business or profession (PGBP). Thus Applicable form is ITR-3
๐๐งต
๐ ๐๐ฒ๐ฒ๐ฝ๐น๐ ๐ฆ๐ฎ๐ฑ๐ฑ๐ฒ๐ป๐ฒ๐ฑ ๐ฏ๐ ๐๐ต๐ฒ ๐๐ผ๐๐ ๐ผ๐ณ ๐ง๐๐ผ ๐ฌ๐ผ๐๐ป๐ด ๐๐๐...
A ๐ฎ๐ต-๐๐ฒ๐ฎ๐ฟ-๐ผ๐น๐ฑ from Pune.
A ๐ฎ๐ฒ-๐๐ฒ๐ฎ๐ฟ-๐ผ๐น๐ฑ from Chennai.
And both passed away recently.
๐ One due to a ๐๐๐ฑ๐ฑ๐ฒ๐ป ๐ฐ๐ฎ๐ฟ๐ฑ๐ถ๐ฎ๐ฐ ๐ฎ๐ฟ๐ฟ๐ฒ๐๐ during a wedding in Indore.
๐ The other due to a ๐ต๐ฒ๐ฎ๐ฟ๐ ๐ฎ๐๐๐ฎ๐ฐ๐ธ ๐ฐ๐ฎ๐๐๐ฒ๐ฑ ๐ฏ๐ ๐ด๐ฎ๐๐๐ฟ๐ถ๐ฐ ๐ฐ๐ผ๐บ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป๐, from irregular food habits.
Both were young, bright, committed Chartered Accountants.
Both gone too soon.
๐ May their souls attain ๐ ๐ผ๐ธ๐๐ต๐ฎ. ๐ข๐บ ๐ฆ๐ต๐ฎ๐ป๐๐ถ.
๐๐๐ ๐๐ต๐ฒ ๐๐ฟ๐๐๐ต ๐ถ๐โ
This could have been any of us.
Every day, we battle:
๐๏ธ Never-ending ๐ฑ๐๐ฒ ๐ฑ๐ฎ๐๐ฒ๐ โ GSTR-1, GSTR-3B, TDS, Advance Tax, ITR, ROC
๐ป๐ ๐๐น๐๐ถ๐ฝ๐น๐ฒ ๐ถ๐๐๐๐ฒ๐ in GST, MCA (v2 & v3), Traces, and Income Tax portals
๐ Late-night ๐ฐ๐น๐ถ๐ฒ๐ป๐ ๐ฐ๐ฎ๐น๐น๐
๐ Overflowing ๐ฐ๐ผ๐บ๐ฝ๐น๐ถ๐ฎ๐ป๐ฐ๐ฒ & ๐ฟ๐ฒ๐ฝ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐๐ผ๐ฟ๐ธ
๐จโ๐ป Becoming everything ๐ณ๐ฟ๐ผ๐บ ๐๐ฒ๐ฐ๐ต ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐ ๐๐ผ ๐๐ฅ ๐๐ผ ๐ผ๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ผ๐ป๐
๐ฝ๏ธ Skipping meals, overthinking, and stressing non-stop
And the worst? ๐ก๐ผ ๐๐ถ๐บ๐ฒ ๐ณ๐ผ๐ฟ ๐ผ๐๐ฟ๐๐ฒ๐น๐๐ฒ๐.
๐ ๐๐ป๐ฑ ๐๐ผ๐ฟ๐๐ ๐ผ๐ณ ๐ฎ๐น๐น โ taking every client issue as our personal issues.
We proudly say โWe manage everythingโ โ but what about our own health?
โ ๏ธ ๐ ๐ฆ๐ฒ๐ฟ๐ถ๐ผ๐๏ฟฝ๏ฟฝ๏ฟฝ ๐ช๐ฎ๐ฟ๐ป๐ถ๐ป๐ด:
Many gastric issues mimic heart problems.
Chest pain, acidity, shortness of breathโoften dismissed as โgas,โ but it could be much more.
Delays in diagnosis = irreversible damage.
๐๐ฒ๐ฟ๐ฒโ๐ ๐๐ต๐ฎ๐ ๐๐ผ๐ ๐ ๐จ๐ฆ๐ง ๐ฑ๐ผ:
โค๏ธ ๐๐ฒ๐ ๐ฎ ๐ฎ๐ ๐๐ฐ๐ต๐ผ ๐ง๐ฒ๐๐ โ It wonโt takes much time and costs ~โน1000.
๐งโโ๏ธ ๐ง๐ฎ๐ธ๐ฒ ๐ฏ๐ฌ ๐บ๐ถ๐ป๐๐๐ฒ๐ ๐ฑ๐ฎ๐ถ๐น๐ โ walk, stretch, meditate.
๐ฅ ๐๐ฎ๐ ๐ผ๐ป ๐๐ถ๐บ๐ฒ. No client is worth skipping your meal.
๐ ๐จ๐๐ฒ ๐๐ผ๐๐ฟ ๐ต๐ฒ๐ฎ๐น๐๐ต ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ โ many plans offer free annual checkups.
๐ต ๐๐๐ผ๐ถ๐ฑ ๐ฐ๐น๐ถ๐ฒ๐ป๐ ๐ฐ๐ฎ๐น๐น๐ ๐ฎ๐ณ๐๐ฒ๐ฟ ๐๐ผ๐ฟ๐ธ. Say no to burnout.
โก๏ธ ๐๐ผ๐ปโ๐ ๐๐ฎ๐ธ๐ฒ ๐ฐ๐น๐ถ๐ฒ๐ป๐ ๐ฝ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ๐ ๐๐ผ ๐ต๏ฟฝ๏ฟฝ๏ฟฝ๐ฎ๐ฟ๐, it canโt handle.
๐ฑ ๐ฌ๐ผ๐๐ฟ ๐๐ถ๐ณ๐ฒ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐.
Youโre not replaceable.
Not for your family, not for your clients, not for this world.
You owe it to yourself and your loved ones to be healthyโnot just hardworking.
Letโs pledge to put:
๐ ๐๐ฒ๐ฎ๐น๐๐ต > ๐๐๐๐๐น๐ฒ
๐ ๐๐ถ๐ณ๐ฒ > ๐๐ฒ๐ฎ๐ฑ๐น๐ถ๐ป๐ฒ๐
๐ ๐ฆ๐ฒ๐น๐ณ-๐ฐ๐ฎ๐ฟ๐ฒ > ๐๐น๐ถ๐ฒ๐ป๐ ๐ฐ๐ฎ๐ฟ๐ฒ (๐๐ผ๐บ๐ฒ๐๐ถ๐บ๐ฒ๐)
We canโt bring back those weโve lostโฆ
But we can ๐ต๐ผ๐ป๐ผ๐๐ฟ ๐๐ต๐ฒ๐ถ๐ฟ ๐บ๐ฒ๐บ๐ผ๐ฟ๐ by taking care of ourselves better.
๐ To their families: we send strength and prayers.
To ourselves: may this be the reminder we needed.
#CACommunity #HealthFirst #LifeOverDeadlines #CharteredAccountants #GSTRStress #MCAErrors #WorkLifeBalance #WellnessMatters #MentalHealthAwareness #HealthIsWealth #TakeCareCA