CA Sagar Thakkar

[CA Sagar Thakkar @thakkarsagar]

AY 2026–27 ITR Due Date Extended!

For specified tax-audit cases, the new due date is 21 October 2026. 📅

#ITR #IncomeTax #TaxAudit #CBDT #SKThakkar

[CA Sagar Thakkar @thakkarsagar]

GST return file kar diya? Ruko zara.

Ye 3 galtiyan aksar ho jaati hain, aur yahi notice ka sabse bada reason banti hain:

#GST #TaxTips #SmallBusiness #GSTIndia #ITCMismatch

[CA Sagar Thakkar @thakkarsagar]

₹1 Lakh Company… Lakhs ki ROC Penalty? 😰

AOC-4 & Annual Return filing delays can lead to ₹100/day per applicable filing, subject to statutory limits.

📌 ROC filing pending? Comment “ROC” for the checklist.

#ROCCompliance #ROCNotice #AOC4 #MGT7 #CompanyCompliance

[CA Sagar Thakkar @thakkarsagar]

May Lord Ganesha bless every new beginning with wisdom, prosperity & success. 🙏✨

Happy Ganesh Chaturthi! 🌺

#GaneshChaturthi #HappyGaneshChaturthi #SKThakkar #FestiveGreetings #NewBeginnings

[CA Sagar Thakkar @thakkarsagar]

GST Notice aaya? Panic mat karo. 📄
Identify the notice, check the deadline, reconcile your returns & books, and reply carefully.
Comment “NOTICE” for guidance.

#GSTNotice #GSTIndia #GSTCompliance #SKThakkar

[CA Sagar Thakkar @thakkarsagar]

Tax Audit under Section 44AB: Know your limits, forms & deadline. 📊

For FY 2025–26, check your applicability before 30 Sept 2026 and stay compliant.

#TaxAudit #Section44AB #TaxCompliance #IncomeTax #SKThakkar

[CA Sagar Thakkar @thakkarsagar]

Tax Audit under Section 44AB: Know your limits, forms & deadline. 📊

For FY 2025–26, check your applicability before 30 Sept 2026 and stay compliant.

#TaxAudit #Section44AB #TaxCompliance #IncomeTax #SKThakkar

[CA Sagar Thakkar @thakkarsagar]

A great teacher doesn’t just teach—they inspire, guide and shape the future. 🌿

This Teacher’s Day, we celebrate everyone who turns knowledge into confidence and lessons into lifelong values.

Happy Teacher’s Day!
— S. K. Thakkar & Associates
#HappyTeachersDay #TeachersDay

[CA Sagar Thakkar @thakkarsagar]

₹10 Cr turnover, no tax audit? Sounds like a scam, but it's real.
Here's what most miss: audit exemption ≠ no books required. Sec 44AA (books) and Sec 44AB (audit) are separate rules.
Skip books, risk a penalty under Sec 271A.
Comment "BOOKS" for a free check 👇
#TaxAuditIndia

[CA Sagar Thakkar @thakkarsagar]

Rakhi gifts + tax rules?

Gifts from real siblings can be tax-exempt, while gifts from non-relatives may attract tax if they cross the applicable threshold.

Also watch out for Section 269ST cash limits. 💚

Celebrate the bond. Stay tax-smart.

#RakshaBandhan #RakhiGifts #GiftTax

[CA Sagar Thakkar @thakkarsagar]

Who can use FAST-DS 2026?
Eligible small taxpayers with undisclosed foreign assets/income may qualify, subject to conditions.
Up to ₹1 Cr: tax + penalty may apply
Certain assets up to ₹5 Cr acquired while Non-Resident: ₹1L fee provision
Limited immunity may apply
#FASTDS2026

[CA Sagar Thakkar @thakkarsagar]

Missed reporting a foreign bank account, shares, ESOPs,property or other foreign assets?
FAST-DS 2026 may offer eligible taxpayers an opportunity to disclose previously undisclosed foreign assets/income.
16 Aug–31 Dec 2026
Check your eligibility before the deadline.
#FASTDS2026

[CA Sagar Thakkar @thakkarsagar]

Foreign Assets Disclosure Scheme 2026 (FAST-DS 2026) is available till 31-12-2026.

Disclose foreign assets and foreign-source income voluntarily and stay compliant.

#FASTDS2026 #TaxAudit #TaxCompliance #IncomeTax #CA

[CA Sagar Thakkar @thakkarsagar]

Buying property from an NRI? The 1% TDS rule doesn't apply.

Different seller = Different tax rules.

If TDS is deducted incorrectly, the buyer may be held liable.

#NRIProperty #TDS #PropertyTax #NRITaxation #IncomeTaxAct2025

[CA Sagar Thakkar @thakkarsagar]

Happy Independence Day!

Freedom inspires us to dream, unity gives us strength, and responsibility helps us build a stronger nation.

At S. K. Thakkar & Associates, we remain committed to integrity, compliance, and excellence.

[CA Sagar Thakkar @thakkarsagar]

Tax Audit Threshold Limits for AY 2026-27 – Explained Simply!
Not every business or professional is required to undergo a tax audit.
#TaxAudit #TaxAudit2026 #AY202627 #IncomeTax #Section44AD #Section44ADA #TaxPlanning #BusinessCompliance #CharteredAccountant #TaxConsultant

[CA Sagar Thakkar @thakkarsagar]

Zero tax doesn't always mean zero ITR!

Your tax liability may be ₹0, but certain high-value transactions, income levels, TDS/TCS thresholds, foreign assets, or other specified conditions can still trigger a mandatory ITR filing requirement.

#ITR #IncomeTax #IncomeTaxIndia

[CA Sagar Thakkar @thakkarsagar]

CCFS-2026 Extended till 31 Aug 2026!
Defaulting companies can regularize overdue ROC filings with up to 90% waiver on additional late fees. Eligible companies may also opt for Dormant Status via e-Form MSC-1 at concessional fees.
https://t.co/aFCkHF5l1Y
#CCFS2026 #MCA

[CA Sagar Thakkar @thakkarsagar]

August 2026 Compliance Calendar
Stay ahead of GST, TDS, PF/ESI, Income Tax, and other important due dates to avoid penalties and ensure timely compliance.
Don't wait until the last minute plan your filings in advance.
🌐 https://t.co/aFCkHF5l1Y
#ComplianceCalendar #August2026

[CA Sagar Thakkar @thakkarsagar]

No tax liability ≠ No ITR filing.
Even if your tax payable is ₹0, you may still be required to file your Income Tax Return depending on the applicable provisions of the Income-tax Act.
Don't assume—check your ITR filing requirement before the due date.
#ITR #IncomeTax