yogendra

🌱

[yogendra @nameisyogendra]

@AdityaRajKaul No

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

THE INCOME-TAX (No.2) BILL, 2025 by @FinMinIndia

PDF Link
https://t.co/P9ivuuZDmy

[yogendra @nameisyogendra]

@Infosys_GSTN Please resolve the issue G- 202506062011838

[yogendra @nameisyogendra]

@Infosys_GSTN please resolve the issue raised in ticket G- 202506062011838 on 6th June 2025. No update till now. Demand Got raised wrongly. ASMT 13 demand issued but demand not dropped even filed returns within time period(30days).

[Pratibha Gupta @PratibhaGoyal]

Choosing correct ITR Form is first step!

[Pratibha Gupta @PratibhaGoyal]

Tax Audit Applicability for Professionals for FY 24-25!

[Neil Borate @ActusDei]

In 1983, India introduced a favourable tax system for NRIs to attract their money. It continues to this day.

The Section 115 regime. Under it, NRIs can invest overseas earnings into Indian stocks. When they book profits & reinvest in other stocks in 6 months, no LTCG to pay!

Of course, residents and NRIs have something similar for reinvestment of capital gains in houses (Section 54F) but not stocks. Every time you churn your stock portfolio, you pay tax.

Of course mutual funds by nature have this advantage if you never churn them. When a mutual fund buys and sells stocks inside the fund, you do not pay tax. So a 'never churn' fund like an index fund or maybe multi-asset, well may be just as good.

Brilliant story by @PosteAnil https://t.co/QwUvEVPyBh

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

Advisory regarding non-editability of auto-populated liability in GSTR-3B

[CA Monika Surana @MonikaSurana7]

#gst #gstupdates #ms

[Pratibha Gupta @PratibhaGoyal]

Filing of GSTR-3B with Locked Liability

[CAclubindia @CAclubindia]

📢 Breaking News: GSTN to Restrict Filing of Past Returns Beyond 3 Years Starting July 2025! #GST

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

Setting in Tally Prime to enable B2B and B2C Separate HSN in GST Return

@tallysolutions @JajalSoftware

[CA Adee @007_maheshwari]

🧾 What a CA Can Certify — And What They Cannot

Chartered Accountants hold legal power to certify a wide range of Financial data.
But there are clear boundaries on
what we can—and cannot—certify.

Let’s decode it 👇

[Pratibha Gupta @PratibhaGoyal]

Making Form 15CB for Royalty/Fee for Technical Service Invoice

[CA Himank Singla @CAHimankSingla]

Dear CA professionals,
Please keep this in mind for upcoming tax audit season.

I’ve seen many CAs still follow the legacy practice of printing tax-audited financials of their clients on their CA firm’s letterhead, perhaps for formality or presentation.

But let’s be clear:
✅ ICAI’s Research Committee has explicitly cautioned against this.
✅ It can mislead stakeholders into believing that the CA is taking ownership of the financials - even beyond the audit report.

You can download the Guidance Note from here: https://t.co/X9x2jcIXpy

[Varsity @ZerodhaVarsity]

After becoming an NRI, using a regular Indian savings account is a violation of FEMA regulations.

Under FEMA Deposit Regulations, 2016:
'A person resident outside India is not permitted to hold a savings account in India. All such accounts must be converted to NRE/NRO/FCNR depending on the source and type of funds.'

But can an NRI open any of these bank accounts from abroad without visiting India?

Yes, says Dharmendra Maurya of @rupeeflo. For details, check the link in the comments.

[TaxBuddy @TaxBuddy1]

Rahul filed an ITR with FAKE income to get a student loan

Claimed exempt AGRI income of ₹1.14 crores over 5 yrs🤯

“Whats the harm—its exempt income?”

Hyd Tribunal asked him to pay ₹35.15 LAKHS of taxes + interest + penalty🥵

All about 'Talluri Vijay Rahul v. CIT' case🧵👇

[Pratibha Gupta @PratibhaGoyal]

Interplay of Tax Audit, Books of Accounts and Presumptive Taxation Scheme

[Abhas Halakhandi @AbhasHalakhandi]

🔔 Today’s Update – B2C HSN in May GSTR-1 Filing

📌 The latest Tally update now bifurcates HSN in B2B & B2C in the JSON file.
📌 On uploading this JSON to the portal, B2C HSN details are shown separately.
📌 However, the Excel export from Tally is not yet properly updated with this bifurcation.
📤 That’s why we are now calling JSON + Excel from clients
▪ JSON for actual upload
▪ Excel for cross-verifying figures

⚠️ CompuGST @computaxonline has not yet updated for B2C HSN bifurcation.

If we are entering only Exempted sale to UNREGISTERED dealers, then also system is Mandatorily asking for B2B HSN entry - which is technically incorrect.
@Infosys_GSTN please check Pic 2 & 3!!

📲 Follow for real-time compliance insights.

[CA Himank Singla @CAHimankSingla]

DEAR ALL, PLEASE NOTE

IF YOU TOO ARE FACING THIS HSN SUMMARY ERROR, LOOK NO FURTHER.

DO NOT ENTER DESCRIPTION.
SAVE HSN CODE WITHOUT DESCRIPTION.
SYSTEM TAKEN DESCRIPTION IS ACCEPTABLE BUT ANYTHING WRITTEN BY US MANUALLY IS NOT BEING ACCEPTED BY SYSTEM.