TRANQUIL FINSERVE

FOUNDER OF TRANQUIL FINSEVE
& TRANQUIL BACT PRIVATE LIMITED
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[TRANQUIL FINSERVE @tranquilfinserv]

🌾 Agricultural Land Sale: Tax-Free or Taxable?

Many taxpayers assume that the sale of agricultural land is always tax-free. That's not correct.

✅ Rural Agricultural Land– Generally **not a Capital Asset**, so Capital Gains Tax is not applicable.

⚠️ Urban Agricultural Land – Treated as a Capital Asset, and Capital Gains Tax may apply.

The classification depends on Section 2(14) of the Income-tax Act, considering:
📍 Population of the Municipality/Cantonment
📍 Aerial distance of the land from municipal limits

A small difference in location can completely change the tax treatment.

Before selling agricultural land, verify its classification and tax implications to avoid costly mistakes.

#IncomeTax #CapitalGains #AgriculturalLand #TaxPlanning #TaxCompliance #BusinessCompliance #Finance #TaxUpdates #TranquilFinserve

[TRANQUIL FINSERVE @tranquilfinserv]

📢 क्या आपको AY 2026-27 के लिए ITR फाइल करनी चाहिए?

बहुत से लोग सोचते हैं कि ITR केवल तभी फाइल करनी होती है जब टैक्स बनता हो।

लेकिन हर बार ऐसा नहीं होता।

✅ कंपनियों, LLP, फर्म, ट्रस्ट और कई अन्य संस्थाओं के लिए आय हो या न हो, ITR फाइल करना अनिवार्य है।

✅ Individuals और HUF को भी आय, पूंजीगत लाभ (Capital Gain), विदेशी संपत्ति, TDS कटौती, टैक्स रिफंड या अन्य निर्धारित परिस्थितियों में ITR फाइल करनी पड़ सकती है।

💡 समय पर ITR फाइल करने से टैक्स रिफंड, लोन, नुकसान (Loss) Carry Forward और वित्तीय विश्वसनीयता में मदद मिलती है।

क्या आपने AY 2026-27 के लिए अपनी ITR की तैयारी शुरू कर दी है?

📞 8917760469

#ITRFiling #IncomeTax #TaxCompliance #TaxPlanning #BusinessCompliance #MSME #Finance #TaxUpdates #TranquilFinserve

[TRANQUIL FINSERVE @tranquilfinserv]

🚨 GST Notice Timeline Alert!

Many taxpayers panic after receiving a GST notice. However, knowing the statutory timelines under Sections 73 and 74 can help you respond effectively and avoid unnecessary consequences.

📌 Section 73 (Non-Fraud Cases)
If the tax and applicable interest are paid within 30 days of the SCN, no penalty is payable.

📌 Section 74 (Fraud/Suppression Cases)
If the tax, interest and 25% penalty are paid within 30 days of the SCN, the proceedings can be concluded.

We've compiled a Financial Year-wise GST Notice & Order Timeline chart to help businesses, accountants and tax professionals quickly understand the limitation periods.

Knowledge of timelines is not just compliance—it's your first line of defence.

Have you ever received a GST notice? How did you handle it?

📞 8917760469

#GST #GSTNotice #GSTCompliance #IndirectTax #TaxCompliance #BusinessCompliance #MSME #StartupIndia #TaxUpdates #Finance #Accounting #TranquilFinserve

[TRANQUIL FINSERVE @tranquilfinserv]

🚨 Think Tax Audit is mandatory once your turnover crosses ₹1 Crore?

Not always.

Many businesses and professionals can avoid a tax audit if they meet the conditions prescribed under Sections 44AD, 44ADA and the digital transaction criteria under Section 44AB.

Here are some important thresholds to know:

✅ Business – Up to ₹3 Crore under Section 44AD (subject to conditions)
✅ Professionals – Up to ₹75 Lakhs under Section 44ADA (subject to conditions)
✅ General Businesses – Up to ₹10 Crore where cash receipts and cash payments do not exceed 5%

Understanding these limits can save time, compliance costs, and unnecessary stress during return filing season.

Before assuming a tax audit is applicable, review the conditions carefully.

📊 Have you already started preparing for FY 2025-26 Tax Audit and ITR season?

Let us know in the comments.

#TaxAudit #IncomeTax #Section44AB #Section44AD #Section44ADA #TaxPlanning #Finance #BusinessOwners #MSME #StartupIndia #TaxCompliance #TranquilFinserve

[TRANQUIL FINSERVE @tranquilfinserv]

💰 Before selling any asset, ask yourself one important question:

How much Capital Gains Tax will I have to pay?

The answer depends on the type of asset.

📈 Shares
🏠 Property
🥇 Gold
📄 Debt Funds & Bonds
Each asset has different tax rules, holding periods, exemptions, and benefits.
A small mistake in planning can increase your tax liability.
The right strategy can help you save tax legally.
👇 Check out the graphic for a quick guide to Capital Gains Tax on different assets.

#CapitalGainsTax #TaxPlanning #IncomeTax #Investing #Stocks #RealEstate #Gold #Finance #TaxSavings #TranquilFinserve

[TRANQUIL FINSERVE @tranquilfinserv]

🚨 CBDT Notification Alert

The Government has aligned the Income-tax Act, 2025 with the Updated Harmonised Master List of Infrastructure Sub-Sectors.

✅ Infrastructure businesses covered under the updated list may qualify as "Specified Businesses" under Schedule V.
✅ Greater clarity on tax benefit eligibility.
✅ Effective from 1 June 2026.
A significant update for businesses operating in the infrastructure sector.
#IncomeTaxAct2025 #CBDT #Infrastructure #TaxUpdate #DirectTax #BusinessCompliance

Notification No. 70/2026 [F. No. 500/Misc./S10(23FE)/FT&TR-II] / SO 2768(E)

[TRANQUIL FINSERVE @tranquilfinserv]

🚨 JUNE 2026 Compliance Calendar – Reminder for Businesses & Professionals

We shared this yesterday, highlighting again because deadlines are approaching!

Check these important dates 👇

Comment below – Which deadline is giving you the most stress this June? TDS, GSTR, or Advance Tax?

Follow @tranquilfinserv for daily practical tax & compliance updates.
DM us for support.

#June2026 #ComplianceCalendar #GST #TDS #GSTR1 #GSTR3B #AdvanceTax #IncomeTax #MSME #StartupIndia #TaxUpdates

[TRANQUIL FINSERVE @tranquilfinserv]

@firestrome09 @R_N_Vaghani If kyc has been done previous year, no need to do till June 30, 2028. People who have obtain DIN in financial year ending March 31, 2026 are required to complete their DIN Kyc before or o n june 30, 2026.

[TRANQUIL FINSERVE @tranquilfinserv]

📊 Did you know?

Under the proposed Income-tax Act, 2025, many familiar forms and sections are getting new numbers.
🔹 Assessment Year ➡️ Tax Year
🔹 Form 16 ➡️ Form 130
🔹 Form 26Q ➡️ Form 140
🔹 Form 27Q ➡️ Form 144
🔹 Form 26AS ➡️ Form 168
🔹 Form 15CA/15CB ➡️ Forms 145/146
The tax rules may remain largely the same, but getting used to the new numbering system will take some time.
🤔 Which change surprised you the most?
#IncomeTaxAct2025 #IncomeTax #TaxUpdate #Finance #Business #TaxCompliance

[TRANQUIL FINSERVE @tranquilfinserv]

🚨 June 2026 Compliance Calendar for Businesses, Startups & Professionals

Every year, businesses end up paying avoidable interest, penalties, and late fees simply because they miss a compliance deadline.

Before the month gets busy, save these important dates:

📌 07 June – TDS/TCS Deposit
📌 10 June – GSTR-7 & GSTR-8
📌 11 June – GSTR-1
📌 13 June – IFF (QRMP)
📌 15 June – Advance Tax (1st Installment)
📌 15 June – Form 16 Issuance
📌 20 June – GSTR-3B (Monthly Filers)
📌 30 June – DPT-3 Filing
💡 Pro Tip: Don't wait until the last week for DPT-3 filing. Keep your loan/deposit details and supporting documents ready in advance.
Compliance is not just about avoiding penalties—it's about building a disciplined and trustworthy business.

Follow TRANQUIL FINSERVE for practical GST, Income Tax & MCA updates.
Graphic made with AI
#ComplianceCalendar #June2026 #GST #IncomeTax #MCA #DPT3 #GSTR1 #GSTR3B #TDS #AdvanceTax #StartupIndia #MSME #BusinessCompliance #TaxUpdates #TranquilFinserve

[Income Tax India @IncomeTaxIndia]

Old Forms 3CA, 3CB and 3CD have been replaced with a single New Form 26.

✅Form 26 - Statutory Audit Report for certain individuals and entities engaged in business or a profession, based on specific financial thresholds.

#IncomeTaxAct2025 #SaralKanoonSashaktBharat

@nsitharamanoffc @officeofPCM @FinMinIndia @PIB_India

[Abhishek Raja "Ram" @abhishekrajaram]

"FOR THE PURPOSES OF BUSINESS"

The ITC denial I'm seeing most in GST audits right now?

"Not for the purposes of business."

Audit teams are treating this like their personal opinion matters more than Supreme Court precedent.

Spoiler: it doesn't.

Let's examine this in the light of few judgments.

[Mohini Maheshwari @MohiniWealth]

Russian 🇷🇺 🪆 explaining the hotness of indian guys👦 😆 wait for the twist....

[Pratibha Gupta @PratibhaGoyal]

Article asking leave in July, Sep or October 😅

[TRANQUIL FINSERVE @tranquilfinserv]

@rohitjain2021 hi

[TRANQUIL FINSERVE @tranquilfinserv]

Employer contributes(WITHIN statutory limmit)
EPF: ₹4L
NPS: ₹3L
Superannuation: ₹2.10L
Total: ₹9.10L

As per IT rules (AY 2026-27), how much of this total is NOT taxable (Exempt) for the employee?

[TRANQUIL FINSERVE @tranquilfinserv]

@TilotamaG @MCA21India Affixed*

[TRANQUIL FINSERVE @tranquilfinserv]

@TilotamaG @MCA21India Payment kal kr dijiyega. There won't be any late fees if you have already uploaded the DSC a fixed form and srn is generated.