RT @IncomeTaxIndia: The new Income-Tax Bill, 2025 has been introduced today in the Lok Sabha. Learn more about- ✅The journey of the new In…

🚨 New Income Tax Bill 2025: Clarity on Presumptive Taxation! 🚨 A long-standing confusion regarding Presumptive Taxation (Section 44AD & 44ADA) has finally been resolved in the New Income Tax Bill 2025! Earlier, there was uncertainty about whether taxpayers had to declare actual profit or the prescribed 6%/8% profit under the presumptive taxation scheme. 🔹 What’s the clarification? Under the new provisions, taxpayers must declare 6% or 8% of turnover (as applicable) OR actual profit, whichever is higher. 🔹 Why is this important? ✅ It removes ambiguity on whether actual profits need to be disclosed if they exceed the deemed profit. ✅ Ensures a simplified yet fair approach—taxpayers cannot show lower profits just to take advantage of the presumptive scheme. ✅ Reduces unnecessary debates and tax litigation over profit disclosures. This provision makes it clear that while presumptive taxation simplifies compliance, it cannot be used to underreport profits if actual earnings are higher. A significant step towards a more transparent and streamlined taxation system! 💬 What are your thoughts on this change? Will it make tax filing easier or lead to new challenges? Let’s discuss! 👇

Old Income Tax Act हुआ खत्म |आ गया New Income Tax 2025

In Budget 2024, marginal relief was introduced in Section 87A rebate, but many taxpayers still don’t know about it. However, as a CA, Raghav Chadha should definitely be aware of such key tax amendments before making statements in Parliament. 📜⚖️ Or maybe, as a politician, you have to explain things as per your convenience, not as per the law! 🎭🤷‍♂️ Before commenting on tax policies, do some homework—because taxation isn’t just about numbers, it’s about understanding the law correctly! 📊🔍 Rest Chadda ji you may refer this #TaxUpdates #Budget2024 #MarginalRelief #87ARebate #KnowYourTaxes #PoliticsVsReality

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@CAHimankSingla I second you.

🚨 Earning ₹46 Lakh and donating ₹45 Lakh to a political party? Really? 🤔 This recent scam where IT employees claimed 97% of their income as donations to political parties under Section 80GGC is both alarming and disappointing. The Income Tax Department's AI-driven tools quickly flagged such blatant tax evasion, leaving no room for these fraudulent claims to go unnoticed. File your updated ITR now or penalties could be high.

Tax Calculation as per New Slab of Budget 2025

@rishibagree When graduated from whats app university talk about tax 😅

TDS Changes in Budget 2025 from 1 April 2025

🚨Important TDS Update TCS on sale of Goods under section 206(1H) will NOT APLLICABLE from 1.April 2025

After lots of chaos in sec 87A, finally proviso is added.

🚨BUDGET 2025 BREAKING - No Income Tax Upto 12 LAKH INCOME | New Income Tax Act Announced in BUDGET 2025

🚨INCOME TAX BREAKING New Income Tax Bill 2025 will be presented next week in parliament.

Watch Budget 2025 Live

Well China's Open AI is not so open to discuss some geopolitical issues...

Watch video - Claimed Political Party Donation in ITR? Income Tax May verify your ITR soon

🚨 Important GST Update for Taxpayers 🚨 The GSTN has clarified that the hard-locking of auto-populated liability in GSTR-3B is not being implemented for the January 2025 tax period. 👉 This decision was made in response to multiple requests from the trade seeking more time to prepare for this change. 📌 However, GSTN has indicated that this change will be introduced soon, and businesses should start preparing accordingly. 🗓️ Refer to the advisory dated October 17, 2024, for detailed information. Stay informed and ensure compliance. Follow us for all GST updates! #GSTUpdates #GSTR3B #TaxCompliance #FinTaxPro