CA Rohit Kapoor

CA Rohit Kapoor

2/13/2025, 3:05:22 PM

New Income tax code is out !!! Some key changes observed from the high level review: ✔️ The new bill has 622 pages as compared to 823 pages earlier. ✔️ Cross referencing between sections and rules has been curtailed to the extent possible ✔️ Number of proviso and explanations have been substantially reduced ✔️ References to redundant sections, previous dates and years have been removed now. ✔️ Term “notwithstanding” has been replaced with “irrespective of anything” at many places. ✔️ Terms ‘Assessment year’ and ‘Previous year’ have been removed and the single term ‘Tax year’ will be used going forward ✔️ Tabular format has been used for TDS rates, assessment timelines, presumptive taxation etc. ✔️ DRP directions shall be detailed and reasoned

CA Rohit Kapoor

2/13/2025, 3:08:46 PM

Due dates for ITR filing remain the same in the new Income Tax Bill, 2025: 🔸Individuals- 31st July 🔸Company- 31st October 🔸Tax Audit Cases- 31st October 🔸Transfer Pricing Cases- 30th November 🔸Revised Return- 31st December

CA Rohit Kapoor

2/1/2025, 5:08:00 PM

New TDS rates effective from 1st April 2025- Threshold for TDS on Rent increased to 600000 and Professional services Increased to 50000

CA Rohit Kapoor

2/1/2025, 5:20:33 PM

No Income Tax on Income upto 12.75 lacs for salaried/Non Salaried Tax payer Answering the million-dollar question: Old regime or new regime? Here's a table that answers all your questions. For example, at ₹13.25 lakhs of income, you'll need more than ₹5 lakhs of deductions in old regime (after standard deduction) to pay less tax than new regime. Please note that these changes are applicable on income of next financial year, i.e., 1st April, 2025 onwards. Follow channel for all Financial and Taxation updates https://whatsapp.com/channel/0029VagtArW9Gv7Lx8fJk605

CA Rohit Kapoor

2/1/2025, 1:29:10 PM

Download Imp Budget Reaources ie Finance Bill, Memo explaining Budget and FAQs on Budget from Telegram channel https://t.me/profsansaar

CA Rohit Kapoor

2/1/2025, 6:16:54 AM

📢 *Budget 2025 Key Announcements* ✅ 10,000 new medical seats ✅ ₹5L scheme for women & SC/ST empowerment ✅ Saksham Anganwadi & Poshan 2.0 for 8Cr+ beneficiaries ✅ Manufacturing mission under Make in India ✅ ₹10K Cr Fund of Funds for startups ✅ National Food Tech Institute in Bihar ✅ Dhan Dhaniya Krishi Yojna to aid 1.7Cr farmers ✅ Made in India Toy Industry Boost

CA Rohit Kapoor

1/31/2025, 7:18:03 AM

No Nonsense *Britain has an official number of 84 VIP's.* *France has 109 VIP's.* *Japan has 125 VIP's.* and *Germany has 142* *Total number of VIP's in the USA are 252.* *Russia has 312.* and *The total number of VIP's in China is 435.* *But India has a total of 5,79,092 VIP's.* *Just imagine the mounting bills for Security, Flight Bills, Foreign Travel, Vacation, Conveyance, Free Electricity, Free Water, Subsidized High Quality Food in Canteens and other perks!* *It is sickening!* *Cutting down this number to below 300 is urgent and is the very best reform for our country!* *Remember this huge Army of largely political VIP's who are squandering valuable national resources meant for the common people of this country!* *Share to build a public opinion against this ridiculous nonsense!* 🙏🌹👍🇮🇳

CA Rohit Kapoor

2/1/2025, 6:17:13 AM

New Income Tax Bill will be presented Next Week

CA Rohit Kapoor

2/2/2025, 5:48:24 AM

Revision in classification criteria for MSMEs