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CA Dipika Pathak

Partner at D P S A &... • 10m

For Individuals & Partnership firm only (not LLP) . Know when 𝐓𝐚𝐱 𝐀𝐮𝐝𝐢𝐭 is applicable to you & about 𝐩𝐫𝐞𝐬𝐮𝐦𝐩𝐭𝐢𝐯𝐞 𝐭𝐚𝐱𝐚𝐭𝐢𝐨𝐧 For FY 2023-24, the presumptive taxation limits are as follows: If you fall within the limits and pay tax accordingly, you are exempt from a tax audit. ➡ For small businesses under Section 44AD, the limit has increased from Rs. 2 crore to Rs. 3 crore, with income to be declared as 8% of turnover, or 6% for digital receipts. ➡ For professionals like doctors and lawyers under Section 44ADA, the limit has been raised from Rs. 50 lakh to Rs. 75 lakh, with income to be declared as 50% of turnover. The increase in limits is subject to a condition that 95% of the receipts must be through recognised banking channel in both the above cases

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CA Dipika Pathak

Partner at D P S A &... • 10m

Dear business🔊 please note your tax audit applicability ➡️Every business, including private limited companies, individuals, and partnership firms (excluding those opting for the presumptive taxation scheme), is subject to a tax audit ifTotal sale

1 Reply

Nitish Kumar

No • 2m

UltraTech Cement on April 28 reported 10% rise in consolidated net profit at Rs 2,482 crore for the quarter ended March 31, 2024. The Aditya Birla Group declared dividend of Rs 77.5 per share.

Anonymous

Hey I am on Medial • 4m

🔥🕉️ BJP announced No Tax On businesses and startups Upto 2 Crores turnover 💰🇮🇳🚀 • Presumptive Taxation ( Section 44AD ) For Small Businesses: Individuals, HUFs, and partnership firms (except LLPs) can opt. 1= Taxable Income Presumed: • 8% o

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Ishita Singh

I will rule the worl... • 6m

Bank of Baroda shares in focus as lender to raise funds via long-term bonds :- Bank of Baroda shares closed 2.07% lower at Rs 250.65 on Wednesday against the previous close of Rs 255.95 on BSE. Total 3.05 lakh shares of Bank of Baroda changed hands

CA Kakul Gupta

Chartered Accountant... • 2m

The Government of India has revised the investment and turnover limits for MSME classification. As per the latest notification, the new limits are: Investment criteria ✅ Micro Enterprises: Up to ₹2.5 crore (earlier ₹1 crore) ✅ Small Enterprises

1 Reply

Sai Vishnu

Income Tax & GST Con... • 3m

🚀 Everything You Need to Know About TAX AUDIT in Just 5 Minutes! 📊💡 🔎 What is a Tax Audit? A tax audit is a detailed examination of a taxpayer’s books of accounts to verify: ✅ Income & Deductions ✅ Compliance with the Income Tax Act, 1961 ✅ Prop

K

Ph • 1y

1.Axis Bank’s Employee Happiness Initiative Axis Bank has implemented new initiatives and policies aimed at enhancing career development and skill-building for its employees. 2. Prime Minister Modi’s Asset Declaration PM Narendra Modi declared total

Desi Founder

Founder Interviews @... • 5m

GST Compliance: 5 Crucial Steps For Strong Foundation Of Early-Stage Startups ! 1. Have a Track of Your Receipts / Income / Inflow 2. Be Aware of GST Registrations Limit in Your State 3. Do Not Park Your Receipts in You Personal Savings

6 Replies

Ashutosh Mishra

Chartered Accountant • 9m

𝗨𝗣𝗜 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗟𝗶𝗺𝗶𝘁 𝗧𝗼 𝗕𝗲 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗙𝗿𝗼𝗺 ₹𝟭 𝗟𝗮𝗸𝗵 𝗧𝗼 ₹𝟱 𝗟𝗮𝗸𝗵 𝗙𝗼𝗿 𝗖𝗲𝗿𝘁𝗮𝗶𝗻 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀 The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transac

3 Replies

Sachin Lalwani

Passionate about tec... • 8m

starting a pos software for retail shops through which they can list their inventory on all the ecommerce platforms and get orders from any platform having their single offline shop's inventory it will increase their inventory turnover ratio very mu