Back

what's your take on this guys ? 😨

Priyansh Khimani

AI Automation | Grow... • 1m

Earning ₹30 Cr in a short period will definitely catch the tax department’s attention. Section 68 deals with unexplained cash credits—if he can't justify the income source properly, tax authorities will assume it's undisclosed income. But 12.80 Cr tax seems high! Maybe penalties were added? What do you think—is this justified, or should there be some relaxation for such seasonal earnings?

0 replies1 like

More like this

Recommendations from Medial

Image Description
Image Description

Mohd Rihan

Student • 1m

Zomato Finances of this year::: Revenue: 5405 cr Expenses: 5533 cr Loss:128 cr Non operating income (invested in FD, IPO and from other places): 252 cr Income- Loss=124 cr After tax: 59 cr Means, Zomato is earning from interest and FD's than actual

See More
2 replies5 likes

Recouptax Consultancy Services

Onestop solution for... • 7d

Attention: Please Check Your Emails This is a gentle reminder to regularly check your email for any communication related to Income Tax. Do not ignore or delay responding to such messages, as failure to act on time may lead to heavy penalties, intere

See More
0 replies8 likes
Anonymous
Image Description
Image Description

Man Earning Rs 10,000 A Month Gets Income Tax Notice Of Rs 2 Cr In Bihar šŸ˜‚ 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
1

rishi sohar

Hey I am on Medial • 2m

šŸš€ Filing Your Income Tax Return on Time = More Benefits! āœ… Did you know timely ITR filing helps with: šŸ’° Hassle-free loan processing šŸ’ø Refund of TDS šŸ›‚ Visa approvals šŸ“‰ Carrying forward losses āš ļø Avoiding penalties & extra interest Don’t wait un

See More
0 replies
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 1y

Top News Of the Day: 1. Hair care products company Traya has secured Rs 75 crore (around $13Mn) in funding from Xponentia Capital. 2. Bengaluru-based spacetech startup, SatSure, has raised an undisclosed amount in a Series A funding round co-led by

See More
3 replies46 likes
5

Applyly

Hey I am on Medial • 4m

Zomato Hit With Rs. 800 Crore Tax Demand by GST Authorities By Applyly December 13, 2024 Zomato faces a Rs. 803.4 crore tax demand from GST authorities. The demand covers 29 October 2019 to 31 March 2022. It includes Rs. 401 crore in tax and equal in

See More
0 replies3 likes

Applyly

Hey I am on Medial • 4m

Zomato Hit With Rs. 800 Crore Tax Demand by GST Authorities By Applyly December 13, 2024 Zomato faces a Rs. 803.4 crore tax demand from GST authorities. The demand covers 29 October 2019 to 31 March 2022. It includes Rs. 401 crore in tax and equal in

See More
0 replies1 like

Applyly

Hey I am on Medial • 4m

Zomato Hit With Rs. 800 Crore Tax Demand by GST Authorities By Applyly December 13, 2024 Zomato faces a Rs. 803.4 crore tax demand from GST authorities. The demand covers 29 October 2019 to 31 March 2022. It includes Rs. 401 crore in tax and equal in

See More
0 replies2 likes
Image Description

Vamshi Yadav

 • 

SucSEED Ventures • 16d

Daily Recap: 1) IIT Bombay graduates-founded startup Entvin AI raises $500,000 from Y Combinator. 2) OpenAI says it raised $40 billion at valuation of $300 billion 3) SpaceX's 'Fram 2', a 20th century ship goes into orbit 4) Meta's AI research he

See More
1 replies9 likes
Image Description

AKASH MS

Be the Change you wa... • 2m

For a few cycles the budget didn’t really do so much. But, this one had some big steps. My 5 takeaways if you’re a startup 1) no income tax for 12.5 L pa and below. That’s 90% of india. The middle class is the big winner here. More money going int

See More
1 replies2 likes

Download the medial app to read full posts, comements and news.