Issue of manipulation in market after introducing #CAS has been raised by almost all.
Unable to understand why @SEBI_updates is pushing for such faulty system without considering stakeholders interest ?
Hope Shri @narendramodi@PMOIndia take cognizance of m act accordingly
Got a GST notice from a gst number I surrendered 5 yrs back
Looks like we missed some entry and had a 122 cgst and 122 sgst due
Tax is 250 rupees
And penalty is 20,000
Thank you @narendramodi@nsitharaman for the ease of doing business @Infosys_GSTN
with times other platforms like @_groww came, they not only provided platforms but they dominated in innovation like charts, 915 platform, their interface,glitch free orders, updates
please note : i love @zerodha and i reallly want it tio be the best and i hope it bounces back
with due respect to @Nithin0dha@nikhilkamathcio hustle and efforts,
you have become the @nokia of market.
no doubt @zerodha was the best!
in times where people never thought that they could trade on their own, @zerodha felt like a draem.
On 31st July, after finishing the salary returns, there was this small sense of relief…
Okay. One deadline crossed.
31st August -Business returns.
30th September -Tax Audits.
For once..the calendar looked manageable.
And then August happened…
Business returns.
GST matters.
Income Tax notices.
Co-operative Society audits.
Regular compliances.
Client meetings.
Reconciliations.
Replies. Hearings. Phone calls.
Every morning we CAs make a plan for the day.
And then one notice ,one urgent client call, one departmental matter and suddenly the entire day has gone somewhere else.
Meanwhile Tax Audit files are quietly waiting on the table.
And 30th September is getting closer.
This isn’t my story…
This is probably the story of every practising CA during this season.
We work late. We sacrifice weekends. We carry files, deadlines and sometimes even the anxiety home…
And despite all that pressure, every return, every audit, every reply is still expected to be accurate becos ultimately our name, signature and professional responsibility are attached to it.
We somehow manage every year.
But somewhere behind that “ho jayega” is a CA silently looking at the calendar and wondering…becos I believe we hv the power..❤️
💥TDS RETURNS PROCESSING UPDATE!!
Two issues noticed in TDS returns filed under the Income-tax Act, 2025
1️⃣ Rounding-off demand:
Where TDS is rounded to the lower rupee, e.g. Rs.1,923.30 to ₹1,923, the system is raising a demand of ₹0.30.
Under the earlier Income-tax Act, 1961 utility, TDS was rounded to the nearest rupee. This functionality was not based on any specific provision of law but was built into the utility itself.
Not everyone is receiving such demands because, where the total demand is below Rs.5, it gets rounded off to Nil under S.516 of Income Tax Act 2025, which provides rounding to the nearest Rs.10.
2️⃣ Interest adjustment issue
Interest already paid and correctly reported in the prescribed field of the TDS return is not being adjusted, and a fresh interest demand is being raised.
Consequently, the Demand and Justification Report reflects both the already-paid interest and the above-mentioned fractional rounding-off demand.
@IncomeTaxIndia should urgently examine both issues and issue a clarification/corrective measure.
Big victory for students of our country.
Tributes to 21 students who lost their lives because of misgovernance and Corruption in NEET examinations, their families have lost their future hopes.
Condolences to them.
the only good thing left in this country was it's unbiased judiciary
now they are taking that away as well
So done with this!
This country needs a full makeover