MN & Co. Chartered Accountants

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[CA Kunika Agrawal @cakunikaagrawal]

You buy a property.
You take the seller’s PAN.

You deduct TDS at 1% and file Form 26QB .

Everything seems fine.

Then, months later, you get a ₹5.87 lakh demand. 😳

The reason?

The seller’s PAN was inoperative because Aadhaar wasn’t linked.

So the Department said TDS should have been deducted at 20% instead of 1%.

But here’s the interesting part:
The portal didn’t alert the buyer that the seller’s PAN was inoperative.

The buyer argued that he had used the PAN provided by the seller and had no way of knowing that 20% TDS was required.

The ITAT observed that the Department’s system should have flagged the inoperative PAN and alerted the deductor.

More importantly, if the seller had already disclosed the sale in his return and paid the due taxes, the Tribunal observed that the buyer should not bear the additional higher-TDS liability.

The matter was remanded to the AO for verification, with the Revenue also directed to verify the seller’s disclosure and tax payment.

A fascinating case showing that tax compliance isn't always just about what the taxpayer did sometimes, the Department’s own systems matter too.

Case: Sanchit Gupta v. DCIT, CPC-TDS ITA No. 8431/Del/2025 | ITAT Delhi

[BALA @erbmjha]

Just watch this stand-up comic expose the “Are We Really Independent?” gang and then take on the Jantar Mantar kids😂

In a world full of Kunal Kamras and stand-up comics who think targeting a particular party or government is the easiest way to earn brownie points from a certain audience, this guy actually stands out.

He ate. And left absolutely no crumbs. Watch this piece.

[Jassi @ra48995]

Abhijit Iyer-Mitra exposes the deep nexus behind CJP

1. Saurav Das:
– No full-time job
– But living in ₹9-10 lakh/month rented house
– Rent agreement in other names

2. Abhijit Dipke:
– Boston University offer letter or degree never shown
– No classmate interviews
– No job offer letters ever shown

3. Vijeta Dahia:
– Didn’t even know the Radhakrishnan Committee

4. Ashutosh Ranka:
– Only one with somewhat verifiable background
– But corporate record is missing

5. Ratna Singh:
– Seen at Saurav’s Diwali party with Kejriwal

Almost zero verifiable trail of these “student leaders”.
Quite strange!!

[Aditya @Adityaacard]

🚨𝗔𝗯𝗵𝗶𝗷𝗲𝗲𝘁 𝗗𝗶𝗽𝗸𝗲 𝗶𝘀 𝗘𝘅𝗽𝗼𝘀𝗲𝗱🚨

𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗿: Abhijeet, earlier you said one thing that you'll will show your scholarship letter and education loan letter only after BJP's leader show their degree. Now some people have publicly shown PM Modi’s graduation and post-graduation certificates. So when will you show your documents?

𝗔𝗯𝗵𝗶𝗷𝗲𝗲𝘁 𝗗𝗶𝗽𝗸𝗲: See… I said that in a different context. My degree is genuine. Everyone knows I studied in Boston University.

𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗿: We are not questioning your degree right now. We are only asking about the scholarship letter and education loan letter that you yourself promised to show. You made the condition. Condition is fulfilled. Now where is the letter?

𝗔𝗯𝗵𝗶𝗷𝗲𝗲𝘁 𝗗𝗶𝗽𝗸𝗲: I already showed it in one interview with Barkha Dutt. I held the letter in front of camera.

𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗿: That was a paper you held. Full clear copy with university seal, amount, and your name was never released publicly for verification. You challenged publicly, so public has the right to see clear documents. Why are you running away now?

𝗔𝗯𝗵𝗶𝗷𝗲𝗲𝘁 𝗗𝗶𝗽𝗸𝗲: Why only me? Why are people not questioning big leaders?

𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗿: Because you are the one who made this specific challenge. You linked your documents to Modi’s degree. Now that condition is over. If your scholarship and loan are clean, why the hesitation?

𝗔𝗯𝗵𝗶𝗷𝗲𝗲𝘁 𝗗𝗶𝗽𝗸𝗲: I have taken education loan. I am still repaying it. Why should I show personal bank details?

𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗿: You yourself offered to show it. Nobody forced you. When it was useful for attack, you were ready. Now when time has come to show, you are talking about privacy. This looks like double standard.

𝗔𝗯𝗵𝗶𝗷𝗲𝗲𝘁 𝗗𝗶𝗽𝗸𝗲: My family is middle class. I got scholarship on merit…

𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗿: Then showing the scholarship letter should make you proud. Instead of giving long speeches, just release the complete scholarship letter and loan sanction letter with all details. Till you do that, people will keep asking why the man who challenged others is not ready to fulfil his own challenge.

Abhijeet Dipke felt so embarrassed.

[Aditya @Adityaacard]

Abhijeet Dipke will never attend interview with her 🚨

Reporter: Abhijeet sir, you keep saying India needs a young PM and that Narendra Modi is not fit. On what basis are you saying this?

Abhijeet Dipke: See, India is a young country. Average age is 28-29. Modi is 75. How can old leaders understand youth problems? We need young energy.

Reporter: Okay. Then tell me one thing — who elected him? The same young voters you talk about. In 2014, 2019 and 2024, people of India gave him clear majority.

Abhijeet Dipke: I am not talking about election. I am talking about fitness. He is making reels, acting like influencer…

Reporter: So according to you, if a leader connects with youth through social media, he becomes unfit? Then every young leader who uses Instagram should also leave politics? And you yourself became famous only because of social media. Is that also wrong?

Abhijeet Dipke: No, no… I mean he should leave the chair and become full-time influencer.

Reporter: Interesting. You worked with AAP for years. Did you ever say the same thing about Arvind Kejriwal when he was getting older? Or only when the leader is from BJP? Why this selective talk?

Abhijeet Dipke: I am talking about system. Paper leaks happened, unemployment is there…

Reporter: Paper leak is a serious issue, no doubt. But after protests, the Education Minister resigned. That is accountability. Now tell me — in the last 10 years, how many free houses, toilets, gas connections, bank accounts and vaccination drives happened under this government? Can you deny these numbers, or will you only talk about problems and ignore all work?

Abhijeet Dipke: Work is there but youth is frustrated…

Reporter: Frustration is real but frustration alone does not make someone the next PM. You are asking for young leadership. Fine. Then name three young leaders from your side who have run a state, managed a budget of lakhs of crores handled national security or won people’s trust in multiple elections. Can you name even one?

Abhijeet Dipke: We need to create that space…

Reporter: Exactly,First create that space through hard work and elections. Don’t just sit on social media and declare that the elected PM is not fit. Democracy is not decided by who speaks louder. It is decided by who people vote for. Right now people have already given their answer three times. Your opinion is fine but it is still just an opinion.

Abhijeet Dipke: Goes Completely silent ��.

[CA Bimal Jain @BimalGST]

🟥 [ IMPORTANT ] What is Movable vs. Immovable Properties for ITC in GST by CA (Adv) Bimal Jain

[CA Ruchita Vaghani @R_N_Vaghani]

Basic Documents Required for ITR Filing 👇👇👇

[CA Bimal Jain @BimalGST]

Impact of restrictions on manual editing in GSTR 3B

[CA Ruchita Vaghani @R_N_Vaghani]

Income Tax Dept is Watching These 10 Moves! 🚨

Stay Alert, Stay Compliant 👇

1️⃣ Cash deposit in Savings A/c – ₹10L or More
2️⃣ Cash deposit in Current A/c – ₹50L or More
3️⃣ Credit Card Bill (cash pay) – ₹1L or More
4️⃣ Total Credit Card Bill by any other mode– ₹10L or More
5️⃣ Property Buy/Sell – ₹30L or More
6️⃣ Fixed Deposit – ₹10L or More
7️⃣ Foreign Travel / Forex – ₹10L or More
8️⃣ Shares / Bonds Investment – ₹10L or More
9️⃣ Cash Gift w/o Proof – More than ₹50K
🔟 Cash received from 1 person/day – ₹2L or More

[Sujit Bangar @sujit_bangar]

🚨 Big change for anyone planning to withdraw EPF from 1 April 2026.

Forms 15G and 15H are gone. Meet Form 121, the new declaration you need to understand before filing.

Get it wrong and it could reduce the final amount you receive.

Here is everything you need to know 🧵👇

[CA Bimal Jain @BimalGST]

Income-tax Department Releases complete Income-tax Act, 2025 Booklet with Hyperlinked Index as amended by Finance Act, 2026

Read More at: https://t.co/NbJXD3DuhZ

[Tax Guru @taxguru_in]

ITAT Bangalore: No addition can be made solely on Form 26AS mismatch when books are audited and no defects found. Differences may arise from TDS on gross amounts or reporting errors by deductors. Addition deleted. https://t.co/1pI7TpuNrR

[MN & Co. Chartered Accountants @MnChartered]

@cadeepakgupta_ [email protected]

[CA Harshil sheth @CA_HarshilSHETH]

31-3-2026 IS MAJOR DEADLINE FOR TDS TCS RETURN CORRECTIONS FOR 18-19 TO 23-24 YEARS 🚨

1. Until 31-03-2026, the 6-year limit under the old law still applies — this is the final opportunity to revise or correct any pending returns from FY 2018-19 to FY 2023-24. After this date, those years become permanently time-barred, and no further rectification will ever be allowed.

2. From 01-04-2026, the new Income-tax Act reduces the correction period to just 2 years, bringing far stricter compliance.

Every deductor must review past statements now and close all demands before the 31-03-2026 deadline to avoid future disputes and financial exposure.

HERE IS THE COMBINED TIMELINE FOR THE PERIOD FY 18-19 TO FY 25-26 FOR WHICH YOU CAN CHECK - IN SLIDE-1

We , at our office , has started checking each and every TAN parties in Traces login to check
1. Wheteher They have any Demand in Inetrest or late fees or short-tax for these 6 years
2. Whether any Available balance in any challan

( mind well , You can use challan having avalaible balance pertaining to one year before and one year after the Fy for which there is any demand )

If so , We are depsoing such cases one-by -one

Normally, TDS deductors has demand for late payment of TDS challans , Evenif Challan has "Interest" but normally It may not have been set-off while filling TDS returns

So you have to do this excercise - CHECK SLIDE-2

RT LIKE share maxmimum

[CA Ruchita Vaghani @R_N_Vaghani]

🧠AI Tools For CA (Part-2)

Taxation & GST

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4. GST audit data analytics: -
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➡️ProfitBooks GST AI Assistant

[Mohini Maheshwari @mohinimaheshwa]

Most people assume their family never invested anything, but the truth is shocking.

India has thousands of crores lying unclaimed because families never tracked old accounts, shares or funds.

Here’s how to check if any forgotten money belongs to you:

Unclaimed Mutual Funds - MITRA Portal

Go to the MITRA portal, log in using PAN and email and fill basic details.

If any old mutual fund exists under your or a family member’s name, it will show up.

You can then claim it through the respective AMC.

Fact: As per SEBI, more than ₹3,452 crore worth of mutual funds remain unclaimed.

Unclaimed Shares and Dividends - IEPF Portal

Earlier, shares were issued on paper and many were lost or forgotten.

Visit the IEPF portal, enter details like name, PAN or company name and search.

If results appear, download the claim form and follow the process.

Fact: Experts estimate that thousands of crores worth of shares and dividends are still unclaimed.

Unclaimed Bank Deposits - UDGAM Portal

If a bank account remains inactive for 10 years, the money moves to RBI’s Depositor Education and Awareness Fund.

[Atul Modani @atulmodani]

#ICAI has issued FAQs on Auditor’s Opinion on financial statements .

UDIN fields also updated

[Pratibha Gupta @PratibhaGoyal]

MSME Reporting in Tax Audit Report with Example

[CA Ruchita Vaghani @R_N_Vaghani]

GTA Rate Changes w.e.f 22.09.2025

Before & After - Complete Understanding By Chart👇

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

GST Rate Change

Goods Transport Agency
(w.e.f. 22-09-2025)

By B.Venakateswaran IRS, Asst. Commissioner Central GST(Retired) @beevenkat

@FinMinIndia @cbic_india