Back

Priyansh Khimani

AI Automation | Grow... • 4m

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?

Reply
1

More like this

Recommendations from Medial

Image Description
Image Description

Mohd Rihan

Student • 4m

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 Replies
6

calculus

Your Bottom Line Our... • 1m

📢 Income Tax Filing Awareness – Don’t Miss the Deadline! ✔️ Filing your Income Tax Return (ITR) is mandatory if your annual income exceeds the exemption limit. ✔️ It helps you avoid penalties, claim refunds, and build a strong financial record. ✔️

See More
Reply
3

Recouptax Consultancy Services

Onestop solution for... • 3m

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
Reply
8
Image Description

Ravi S

We builds future • 2d

BlackBuck To Appeal Tax Demand Notice Over TDS Issues Listed logistics startup BlackBuckBlackBuck Datalabs_in-article-icon today said it received a tax demand notice totalling INR 28.55 Lakh from the Income Tax (I-T) Department. In a filing with t

See More
1 Reply
1
11

rishi sohar

Hey I am on Medial • 4m

🚀 Filing Your Income Tax Return on Time = More Benefits! ✅ Did you know timely ITR filing helps with: 💰 Hassle-free loan processing 💸 Refund of TDS 🛂 Visa approvals 📉 Carrying forward losses ⚠️ Avoiding penalties & extra interest Don’t wait un

See More
Reply
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 Replies
5
46

Applyly

Hey I am on Medial • 6m

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
Reply
3

Applyly

Hey I am on Medial • 6m

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
Reply
1

Applyly

Hey I am on Medial • 6m

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
Reply
2

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