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🚨F&O Traders: Turnover Calculation & Reporting in ITR fans
02/09/2026

🚨F&O Traders: Turnover Calculation & Reporting in ITR

fans

🚨ITC on Purchase of Car- Sec-17(5) Blocked Credit
31/08/2026

🚨ITC on Purchase of Car- Sec-17(5) Blocked Credit

🚨TDS on Purchase of Goods- Old Law vs New Law [194Q vs 393(1)8(ii)] fans
31/08/2026

🚨TDS on Purchase of Goods- Old Law vs New Law [194Q vs 393(1)8(ii)]

fans

🚨 Profit & Gains from Business/Profession
30/08/2026

🚨 Profit & Gains from Business/Profession

🚨 Date Alert ! Notice under section 74 for FY 2020-21 can be issued upto 31-08-2026 fans
26/08/2026

🚨 Date Alert !
Notice under section 74 for FY 2020-21 can be issued upto 31-08-2026


fans

26/08/2026

🚨 Date Alert !
Notice under section 74 for FY 2020-21 can be issued upto 31-08-2026


🚨ITR-3 vs ITR-4 : Which ITR Should be filed?The ITR depends on your income, business/profession, capital gain/loss & oth...
25/08/2026

🚨ITR-3 vs ITR-4 : Which ITR Should be filed?

The ITR depends on your income, business/profession, capital gain/loss & other financial criteria.

Below is comparison of key differences between ITR-3 & ITR-4.

fans

🚨 Income-tax scrutiny has a sequence and understanding the sequence itself is part of an effective defence. 📑⚖️A typical...
24/08/2026

🚨 Income-tax scrutiny has a sequence and understanding the sequence itself is part of an effective defence. 📑⚖️

A typical scrutiny trail:

Return filed u/s 139
⬇️
Intimation u/s 143(1)
⬇️
Notice u/s 143(2) — selection for scrutiny
⬇️
Notice / questionnaire u/s 142(1) — information, accounts & evidence
⬇️
Further enquiries / verification, wherever required
⬇️
Show Cause Notice — proposed additions/disallowances & opportunity to respond
⬇️
Assessment Order u/s 143(3)
⬇️
Demand Notice u/s 156 — only where tax, interest, penalty or other sum becomes payable

💡 The important distinction:

A notice u/s 143(2) is not a demand.
A notice u/s 142(1) is not an adverse finding.
Even a proposed addition in an SCN is not the final assessment.

The real success of scrutiny proceedings is not merely completion of assessment, it is when the proceedings conclude with no addition and NIL demand. 😄

Know the provision. Understand the stage. Respond accordingly.

🚨 Tax Audit Limits (FY 2025-26):✅Business:• Normal Limit: ₹1 Crore• Digital/Bank Transactions (more than 95%): Threshold...
22/08/2026

🚨 Tax Audit Limits (FY 2025-26):
✅Business:
• Normal Limit: ₹1 Crore
• Digital/Bank Transactions (more than 95%): Threshold rises to ₹10 Crores
✅ Professionals:
• Normal Limit: ₹50 Lakhs
• Under Sec 44ADA (Cash

🚨Key Tax Deadlines from Aug-26 to Dec-26.Plan ahead.Stay ahead.Avoid penalties. fans
22/08/2026

🚨Key Tax Deadlines from Aug-26 to Dec-26.

Plan ahead.
Stay ahead.
Avoid penalties.

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