CA Himanshu Kanani

HUMAN from Planet Earth 🌍

[Aditya Shah @AdityaD_Shah]

🚨Checklist to buy health insurance

What are the points to keep in mind while buying health insurance?

For a 30-year-old,
1cr cover can easily be made in Rs 14,000

Here is a complete checklist of the things to keep in mind👇

[Abhas Halakhandi @AbhasHalakhandi]

ITR Season for AY 24-25 is here,
Lets revisit the mechanism of New Regime/Old Regime!

Its Simple- Whatever be the scenario in preceding years, for AY 24-25:-
📌New Regime would be the Default scheme
📌Old Regime can be opted by filing form 10-IEA

Refer below Table for details

[Dubai Media Office @DXBMediaOffice]

.@HHShkMohd approves the designs for the new passenger terminal at Al Maktoum International Airport, and commencing construction of the building at a cost of AED 128 billion.

[Abhas Halakhandi @AbhasHalakhandi]

Drastic changes in S.115BAC New Scheme of Income Tax w.e.f. AY 24-25 - Explained!! 👇

Pic1-Summary of Amended S.115BAC- New Scheme
Pic2-Default Scheme & Option available with Assessee based on opt/withdrawal of New Scheme in earlier yrs

Content Co-Creator- @hirenbhandari_ 👍

[Aditya Shah @AdityaD_Shah]

Tax Planning is very important to optimize tax outgo!

Hindu Undivided Family(HUF) is a good option that is available for all married persons

What is HUF? How to create it?

A thread🧵on HUF,how to create HUF and its benefits?

Lets go👇

[Abhishek Raja "Ram" @abhishekrajaram]

Draft Reply Template ITC denial by the Department when your Supplier has filed his return late!

Steps to download:
1 Follow me
2 Retweet the Tweet
3 Check DM and follow Steps
4 Join GST Notice Reply Group from DM

Note: Link valid only for 24 hours or 500 DM, whichever earlier

[Atul Modani @atulmodani]

Income tax dept knows more than you know about yourself. Client se kaho sudhar jao warna Modi sudhar Dega- CA Dr Girish Ahuja ji

#43B #Incometax #Taxaudit

[CA Akhil Pachori @akhilpachori]

Few Important Points for Section 43B(h) as per my understanding 👇

[Sambhav Daga @sambhavdaga]

HDFC Ltd merges with #HDFCBank.
If you hold shares in HDFC Ltd, Know #incometax implications due to the merger for you as a shareholder.

A Thread. 🧵

[CA Himanshu Kanani @kanani024]

@EmiratesNBD_AE
Hello Team, I have updated my new mobile number through ENBD mobile app. But i am still getting credit card related messages on my old mobile number.

Kindly respond, how to update mobile number.

[Seth Kramer @sethjkramer]

Did you know OpenAI has an API?

That means you can build a chatbot similar to ChatGPT with the same OpenAI technology.

The best part - you don't need to know how to code. Learn how : https://t.co/bQpe0w7V9y

Build AI apps visually using:
- OpenAI
- DALLE-2
- Bubble

[CA Chirag Chauhan @CAChirag]

If you have taken a Life Insurance Policy after 1 April 2003 and paid premium on the policy and received Proceeds including a bonus on Maturity, remember its not always Exempt in Section 10(10D) under Income Tax

In the following cases sum received is Taxable

1) Sum Received for Policy Taken from 1 April 2003 to 31 March 2012, Annual Premium exceeds 20% of Sum Assured (Risk Coverage)

2) Sum Received for Policy Taken from 1 April 2012 to date, Annual Premium exceeds 10% of Sum Assured (Risk Coverage)

3) Sum Received for Policy Taken from 1 April 2023 to date, Annual Premium Exceeds Rs 5 Lakhs

In following cases it is exempt

1) Sum Received on Death of Policy Holder

2) Sum Received for Policy Taken before 1 April 2003

3) Sum Received for Policy Taken from 1 April 2003 to 31 March 2012, Annual Premium Does Not exceed 20% of Sum Assured (Risk Coverage)

4) Sum Received for Policy Taken from 1 April 2012 to date, Annual Premium Does Not exceed 10% of Sum Assured (Risk Coverage)

5) Sum Received for Policy Taken from 1 April 2023 to date, Annual Premium Does Not Exceed Rs 5 Lakhs

The Traditional Plans in Life Insurance Policies has less risk coverage and high premium and many times were used for Tax avoidance and to take benefit of full exemption in Section 10(10D) at the time of receipt of maturity proceeds.

To solve this issue government has time and again amended Income Tax Act, to disallow a deduction for policies which are more traditional and has high premium with low coverage, usually taxpayers opt for such policies for tax savings and not for risk coverage.

Further TDS is levied under Section 194DA on only the ‘income part’ of the payment, That is Sum of receipt minus premium paid

The Returns on Insurance are in range of 2% to 5%, Its always better to chose Term Insurance and Keep Investment and Risk in a separate product rather than combine in one product from Returns, Cheaper Risk Coverage and Taxation point of view

[Allistair McCaw @AllistairMcCaw]

This is so heartwarming ❤️ Parents, teach your kid to have the character and compassion of the kid in blue 💙

[CA Himanshu Kanani @kanani024]

@dominos ordered dominoes pizza 2 hours back.
Still the tracking page shows preparing your order.
Dominoes Suck.##@
@dominos_india @dominos

[CA Himanshu Kanani @kanani024]

@ankitvijay05 Turnover in 17-18
Apr17 to Mar18 is 5.5 Cr
Jul17 to Mar18 is 3 Cr

To calculate applicability of Einvoice Should we see Turnover April 17 to March 18 OR July 17 to March 18

[CA Himanshu Kanani @kanani024]

@flyspicejet Help !!

First Name in Ticket is different with passport but all other particulars are same as passport including Passpprt Number.

#how to change name ? Please help

[Patrick Brauckmann 🕉️ @vonbrauckmann]

Hindu rishis heard this sound and knew this sound as Om.

[CA Himanshu Kanani @kanani024]

The portal is not working properly while uploading supporting documents in 3CD Upload Form. Error : Screenshot Attached.
@IncomeTaxIndia help.

[CA Himanshu Kanani @kanani024]

The worst hotel booking experience ever! Not only my booking cancelled by OYO but the whole booking amount has not been refunded to me even after 2 weeks of the cancellation.
@oyorooms
@riteshagar Request you to please look into this matter

[SIDHARTH JAIN @casidharthjain1]

I tried one GST registration with all valid docs - Rejected
Second time - Rejected
Third time - Rejected
Fourth time - Rejected

Did not add any further docs

Fifth time - Approved

#I_am_Dhint