CA Devesh Thakur

CA Devesh Thakur Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from CA Devesh Thakur, Digital creator, A-2/B, 70-B, Ekta Apartments, Paschim Vihar, New Delhi/, Delhi.

Taxation| Accountancy| Investment| Finance| eCommerce
Finance Coach| Educator| Author| Digital Influencer
Empowering students, entrepreneurs & professionals with real-world financial skills.
📩 DM for collaborations, workshops & training sessions

Ever wondered what’s the difference between a Lawyer and an Advocate?Both study law, but only one can fight your case in...
23/10/2025

Ever wondered what’s the difference between a Lawyer and an Advocate?
Both study law, but only one can fight your case in court!

Here’s the simple truth
A Lawyer is someone who has completed a law degree (LLB).
An Advocate is a lawyer who is registered with the Bar Council and has the right to practice in court.

So remember — All Advocates are Lawyers, but not all Lawyers are Advocates!
Save this post 📌 for your next legal conversation and share it with someone studying law!

lawyer vs advocate, difference between advocate and lawyer, legal facts India, law student tips, Indian legal system, bar council of India, AIBE exam, law career, legal awareness, courtroom knowledge, legal education

What is LLP (Limited Liability Partnership)?An LLP is a type of business where two or more people work together like a p...
21/10/2025

What is LLP (Limited Liability Partnership)?
An LLP is a type of business where two or more people work together like a partnership, but with limited liability — meaning if the business has losses, their personal assets (like car, house, or savings) stay safe.

Example:
Riya and Aarav start R&A Designs LLP
They invest ₹2 lakh each.
If the business loses ₹10 lakh —
They lose only ₹2 lakh each, not more!
Their personal money is protected.

Key Features of LLP:

✅ Separate legal identity (like a company)
✅ Limited liability for partners
✅ Minimum 2 partners — no maximum limit
✅ Less legal formalities
✅ Tax benefits
✅ Flexible management

LLP = Partnership + Limited Liability + Legal Protection
Perfect for CAs, lawyers, designers, consultants & small businesses.
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For daily posts on Business, Tax & Finance Made Easy!
LLP, Limited Liability Partnership, LLP in India, Business Structure, Partnership, Small Business, Startup India, Finance Education, Tax Simplified, CA Tips

Would you like to know how to register an LLP in India?

. Would you like to know how to register an LLP in India?

18/10/2025

One of the most important Supreme Court judgments protecting the rights of genuine taxpayers!
In the case of Commissioner Trade & Tax Delhi vs. M/s Shanti Kiran India Pvt. Ltd., the Supreme Court gave huge relief to genuine purchasers under the Delhi VAT regime.

The main issue was — when a registered purchaser buys goods from a registered seller, pays tax through a valid tax invoice, but later the seller fails to deposit that tax with the government… can the purchaser be denied Input Tax Credit (ITC)?

The Court said NO! If the buyer acted bona fide (in good faith) and purchased from a registered dealer with proper invoices and no mismatch, ITC cannot be denied.
The Department’s action should be against the defaulting seller, not the innocent purchaser.
Only if fraud or collusion is proved, ITC can be disallowed.

This judgment upholds the principle that honest taxpayers should not suffer for someone else’s default.
A big win for genuine dealers and a strong precedent for fairness in tax law!

Important Update for All GST Taxpayers!The due date for filing GSTR-3B for September 2025 and for Quarter 2 (July–Septem...
18/10/2025

Important Update for All GST Taxpayers!
The due date for filing GSTR-3B for September 2025 and for Quarter 2 (July–September 2025) under the QRMP Scheme has been extended to 25th October 2025.

This extension provides additional time for taxpayers to reconcile input tax credit, verify outward supplies, and ensure accurate filing of returns. Stay compliant and avoid late fees or interest by filing your GSTR-3B within the new deadline.

Stay informed. Stay compliant. .

17/10/2025

Understanding GST Refund under Rule 89(4) is crucial for every exporter and eCommerce entrepreneur in India. This rule explains how to calculate refund of unutilised Input Tax Credit (ITC) on zero-rated supplies like exports or supplies to SEZ made without payment of IGST under LUT or Bond. The formula for refund under Rule 89(4) is:
Refund = (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) × Net ITC ÷ Adjusted Total Turnover.
Here, Turnover of zero-rated goods means the lower of FOB or invoice value. Turnover of zero-rated services is based on actual payment received for completed exports. Net ITC includes ITC on inputs and input services used for export, excluding capital goods. Adjusted Total Turnover is total taxable and export turnover excluding exempt supplies. The relevant period is the month or quarter for which refund is claimed. This formula ensures proportionate refund of ITC used for exports, helping exporters maintain liquidity and competitiveness. Understanding this rule is vital for eCommerce sellers and exporters claiming GST refunds efficiently through FORM GST RFD-01. Mastering Rule 89(4) can save time, avoid rejection, and ensure smooth cash flow in your export business.

of the Day Net for the year ended 31st March 2025 = ₹10,00,000 Gross Profit on Sales = 30% Find the Cost of Goods S...
17/10/2025

of the Day

Net for the year ended 31st March 2025 = ₹10,00,000
Gross Profit on Sales = 30%

Find the Cost of Goods Sold (COGS)

A) ₹3,00,000
B) ₹5,00,000
C) ₹7,00,000
D) ₹10,00,000

Comment your answer below!
Let’s see who gets it right

Bookkeeping vs Accounting — Know the Real Difference!Ever wondered what separates bookkeeping from accounting? Both are ...
16/10/2025

Bookkeeping vs Accounting — Know the Real Difference!
Ever wondered what separates bookkeeping from accounting?
Both are vital for any business, but they play very different roles!

Bookkeeping is all about recording every financial transaction — sales, purchases, receipts & payments.
Accounting, on the other hand, is about analyzing & interpreting that data to prepare reports, find profits, and make smart business decisions.

Bookkeeping = Foundation
Accounting = Decision-making

Swipe to see the difference in tabular form with examples!
If you’re a student, entrepreneur, or finance lover — this post is for YOU!

Save this post for revision.
Like, Share & Comment if you finally got the difference!
Let’s grow your financial knowledge together.

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16/10/2025

Day 16 of my 50 Days Accounting Challenge! In this reel, I explain the complete process of balancing ledger accounts — from totaling debit and credit sides to finding the difference and carrying forward balances. Understand which accounts are balanced (personal and real) and which are not (nominal). A must-watch for Class 11 students to master ledger concepts and build a strong base in accounting.

Address

A-2/B, 70-B, Ekta Apartments, Paschim Vihar, New Delhi/
Delhi
110063

Opening Hours

Monday 10:30am - 7pm
Tuesday 10:30am - 7pm
Wednesday 10:30am - 7pm
Thursday 10:30am - 7pm
Friday 10:30am - 7pm
Saturday 10:30am - 7pm

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