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CA Dipika Pathak

Stealth • 5m

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

0 replies4 likes

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CA Dipika Pathak

Stealth • 5m

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 replies4 likes

TREND talks

Stealth • 28d

😳 Guy named Kopparam revealed on twitter that a dosa vendor near his home earns Rs 20,000 daily, amounting to Rs 6 lakh a month. After deducting costs, the vendor takes home Rs 3-3.5 lakh monthly, all without paying tax🤣 but employee gives 7-10% Ta

6 replies15 likes

Ashutosh Mishra

Stealth • 4m

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 replies31 likes

CA Dipika Pathak

Stealth • 9m

Tax and Accounting Compliance within the Online Gaming Sphere!! How it Started in CGST ACT ➡SCHEDULE III of the CGST Act contains “Activities or Transactions which shall be treated neither as a Supply of Goods nor a Supply of Services” #Old Para 6

4 replies9 likes

Ishita Singh

Stealth • 1m

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

0 replies1 like

Anonymous

Stealth • 3m

Man Earning Rs 10,000 A Month Gets Income Tax Notice Of Rs 2 Cr In Bihar 😂 He was asked to deposit Rs 67 lakh within two days . When he went to the IT department office, he was told to go for an appeal 🥹

10 replies23 likes

CA Kakul Gupta

Stealth • 12d

The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centres (IFSC), provided b

0 replies2 likes

Prem Siddhapura

Stealth • 2m

**Tax Revenue Hits Record Highs** 📈 The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰

0 replies3 likes

Shreyas Ramdasi

Stealth • 7m

Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs

0 replies5 likes

Anonymous

Stealth • 6m

Budget 2024: 🔴‼️ In a significant blow to Futures and Options (F&O) traders, Finance Minister Nirmala Sitharaman declared raising the STT rate from 0.01 percent to 0.02 percent. So, after implementing this budget proposal equity and index traders

0 replies5 likes