Sumit Chaudhary

[Sumit Chaudhary @Sumit221998]

@cadeepakgupta_ [email protected]

[Sumit Chaudhary @Sumit221998]

@rohitjain2021 Hi
[email protected]

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

INCOME TAX CALCULATOR FOR F.Y.2024-25
(FOR RESIDENT INDIVIDUAL AGE BELOW 60 YEARS AND HAVING INCOME UP TO RS.50 LAKH AND WHICH WAS TAXABLE AS PER NORMAL SLAB RATES)

Enter Actual Amount of Income and Deductions and it gives you Calculation of Tax Amount as per Old Regime and New Regime and also indicate which regime is beneficial for you

Some Unique Features of this Tax Calculator for FY 2024-25

🔹It provides Calculation of Tax (slab rate wise tax on income)

🔹It considers the effect of Standard Deduction for Salary Income (Rs.50,000 for old regime and Rs.75,000 for new regime)

🔹It considers effects of marginal relief for new tax regime

🔹It provides difference between tax amount under both regime and also indicates which regime is beneficial

To get the excel file kindly fill this Google form and Like/Re-post or Share this tweet and you will get calculator by tomorrow in your email id provided in this Google Form

Form Link https://t.co/ICAZiqJWUh

#TaxationUpdates

[CA Himank Singla @CAHimankSingla]

DRAFT OF INCOME TAX BILL 2025 is here - to be applicable from 1st April 2026!

Steps to access the File:
1. Follow me
2. Like & Retweet the Tweet
3. DM me and I will send you the link of my exclusive whatsapp group where you can access the same.

[Sumit Chaudhary @Sumit221998]

@abhishekrajaram IMS

[CA Himank Singla @CAHimankSingla]

Attention GST Taxpayers!
Avail the benefits of the GST Amnesty Scheme by expediting and disposing your pending GST appeals before 31st March 2025.

I have got you covered!

Here's a ready-to-use application format to request expedited disposal of GST appeals.

Steps to access the File:
1. Follow me
2. Like & Retweet the Tweet
3. DM me and I will send you the link.

[Abhishek Raja "Ram" @abhishekrajaram]

I have prepared a draft letter to be submitted to the Department requesting more time to reply for cases of 𝗦𝗲𝗰. 𝟭𝟲(𝟰) as per 53rd 𝗚𝗦𝗧 𝗖𝗼𝘂𝗻𝗰𝗶𝗹 recommendations

To Download:
1) Follow Me
2) Reply/Retweet
3) Check the DM
4) Follow Steps
5) Join GST Litigation Group

[Abhishek Raja "Ram" @abhishekrajaram]

𝗚𝗶𝘃𝗲 𝗔𝘄𝗮𝘆 𝗔𝗹𝗲𝗿𝘁!!

1 Recovery based on 26AS/ITR
2 Bank Attachment 3rd Person
3 ITC Burden of Proof
4 Issues with SCN
5 Opportunity of being Heard
6 Service of Notice
7 ITC on Inputs & Capital Goods

For 24 Hours only!

A Follow for DM
B Like & Retweet
C Reply "Send"

[Abhishek Raja "Ram" @abhishekrajaram]

Draft 𝗥𝗲𝗽𝗹𝘆 𝗧𝗲𝗺𝗽𝗹𝗮𝘁𝗲 𝗳𝗼𝗿 𝗺𝗶𝘀𝗺𝗮𝘁𝗰𝗵 𝗡𝗼𝘁𝗶𝗰𝗲 𝗳𝗼𝗿 𝗘-𝗪𝗮𝘆 𝗕𝗶𝗹𝗹 𝘃𝘀 𝗚𝗦𝗧𝗥-𝟯𝗕
To download follow these steps:

1) Follow Me (It cost Rs. ZERO)
2) Reply or Retweet this Tweet
3) Check your DM
4) Follow Steps in DM
5) Join GST Litigation Group

[Abhishek Raja "Ram" @abhishekrajaram]

Denial of ITC for Non-Payment by the Vendor [Section 16(2)(c)]
Grounds of Appeal

Steps to download file:
1) Follow me (It cost ZERO)
2) Reply or Retweet this tweet
3) Check DM
4) Follow Steps to download
5) Join GST Appeal and Notice Reply Drafting Group (It's FREE)

Thanks

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

Everything about #GST Registration, Amendment & Cancellation

Source @theicai

Thank You @theicai for such a great presentation

[CA. Deep Koradia @DEEPKORADIA]

Dear @cbic_india @GST_Council @FinMinIndia
Thanks for opening GSTR-9 and 9C at the start of the year. Pls also announce TABLE WISE EXEMPTIONS for FY 2022-23 as well, so as to start the actual work.

[GSTinSHORT @GSTinSHORT]

𝗙𝗲𝗮𝗿 𝗼𝗳 𝗚𝗦𝗧 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗗𝗿𝗶𝘃𝗲 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝗳𝗮𝗸𝗲 𝗿𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗻𝗼𝘁 𝘀𝗼 𝗳𝗲𝗮𝗿𝗳𝘂𝗹

@GSTinSHORT

#gst
#gstupdate
#gstinshort
#gstinoneslide

[CA. Keshav Garg @cakeshavgarg]

Sector wise GST analysis - Hotel and Restaurant Industry

* Hotel Room Rent per day
- < 7,500 = 12% with ITC
- > 7,500 = 18% with ITC

* Restaurants within Hotel
- Room tariff < 7,500 = 5% without ITC
- Room tariff > 7,500 = 18% with ITC

* 18% on e-commerce operator commission

[CA Chirag Chauhan @CAChirag]

The Income Tax Returns Filing due dates (Non-Audit) should be permanently shifted from 31 July to 30 Sep

Reasons:

1) No ITR Forms available till date

2) TDS filing till May end and delay updation of 26AS / AIS / TIS, major banks and data is updated in July only

3) Form 16 & TDS certificate major filers receive in June / July

4) Taxpayers have to put double efforts to calculate tax in both regime

5) Just a month time is not sufficient for 5 crore + taxpayers and for the portal to handle such load

@nsitharaman

[CA. Keshav Garg @cakeshavgarg]

Mandatory return for Individual

- GTI > 2.5L (Before 54 series)
- Deposit > 1 Cr in Current A/c
- Exp > 2 L for Foreign Travel
- Exp > 1 L for Electricity
- Sales > 60 L
- Gross receipt profession > 10 L
- TDS / TCS > 25K ( 50K senior citizen)
- Deposit > 50 L in Saving A/c

[Abhas Halakhandi @AbhasHalakhandi]

GST Invoice of Taxable Val 10Lacs issued @ 12% & GST Returns(R1 & 3B) filed accordingly

Later it is known,that Actual rate of Goods is 18%!!

What shall be the course of action in such case? 🤔

Issuing a 'DEBIT NOTE' for tax shortly charged,seems to be the 'legal' way 👇

🧵..

[Aditi Bhardwaj 🇮🇳 @CAAditiBhardwaj]

AS 13 - Investment Accounts

Few basics on accounting for Investments in case of Equity/ Preference Shares (variable income bearing scrips).

#caintermediate #castudents #caclasses #accounting #shares #dividend #caexams #revision #icai #icaiexams #bangalore #superradacademy

[Aditi Bhardwaj 🇮🇳 @CAAditiBhardwaj]

Applicability of tax audit & opting presumptive taxation u/s 44AD.

The issue of profit being declared less than 8% of turnover is highly debated. In my experience, not getting an audit has always invited a notice.

I have made peace with this approach.

#taxation #incometax

[Raghu @IndiaTales7]

The heavenly abode of Mahadev…!