Welcome to our channel, where two CA’s delve into the world of taxation and Finance . We are here to simplify the complexities , providing valuable ingights, practical tips and latest updates . Join us on an educational journey that will empower you with valuable information , insights and guidance .
Introducing ourselves : Neeraj Sharma , a chartered accountant with a decade of experience in teaching and a deep passion for entertainment and sports . With expertise in field of tax and finance and a natural flair for teaching , I am here to add valuable insights and explore the world of finance and taxation
Upasna solanki a chartered accountant with over 8 years of experience in direct tax and a strong business background . An introvert with an undeniable passion for exploring the world, I am here to bring unique perspective to the content , unravel the intricacies of tax regulations , share practical tips
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Tales by 2 CA's
Explore the New Era of Taxation! Here are the Direct Tax Highlights from #Budget2025, presented by Nirmala Sitharaman. More savings, more growth! #TaxReform #SimplifyTaxes #IndiaEconomy #budget
1 year ago | [YT] | 1
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Tales by 2 CA's
HERE IS WHAT YOU CAN DO TO SAVE FOR EMERGENCY FUNDS?
1.Create Budget for your essential expense.
2.Calculate your total expenses and set a monthly saving goal
3. Automate your contributions and let your deposit add up
4. Add the extra money from gifts, bonus etc to your savings
5. Increase your income by using your talent and skills to generate passive income
1 year ago | [YT] | 0
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Tales by 2 CA's
Why not to copy investments #investments #sharemarket #mutualfunds
1 year ago | [YT] | 2
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Tales by 2 CA's
Budget 2024 - things which will adversely affect the tax payer #incometax #budget #financeminister #tax #taxation
1 year ago | [YT] | 2
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Tales by 2 CA's
"What is your opinion about the budget?":
1 year ago | [YT] | 1
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Tales by 2 CA's
"Budget Changes 2024: What's in it for you? Explore the benefits and advantages announced by the Finance Minister." #taxation #budget #incometax
1 year ago | [YT] | 3
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Tales by 2 CA's
"Don't gamble with your investments! Do your research and look for these essential factors before buying stocks" #stockmarket #Investing #investmenttips #sharebazar #money
1 year ago | [YT] | 2
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Tales by 2 CA's
TAX SEASON IS HERE - KNOW THE DIFFERENCE BETWEEN 26AS AND AIS #incometax #tax #taxation
1 year ago | [YT] | 2
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Tales by 2 CA's
Other recommendations:
Interest and Penalties:
• Waive interest and penalties for Section 73 demand notices for FY 2017-18, 2018-19, 2019-20 if full tax is paid by 31.03.2025.
Input Tax Credit (ITC):
• Time limit for ITC on invoices/debit notes under Section 16(4) for FY 2017-18 to 2020-21 deemed as 30.11.2021 for returns filed by this date.
Monetary limits for GST appeals: • Monetary limits for department appeals: Rs 20 lakh (GST Appellate Tribunal), Rs 1 crore (High Court), Rs 2 crore (Supreme Court).
Aadhaar Authentication:
The GST Council recommended nationwide implementation of biometric-based Aadhaar authentication for GST registration applicants in phases. This aims to enhance registration integrity, curb fraudulent input tax credit claims via fake invoices.
Reduction in Pre-deposit Amount for GST Appeals:
Pre-deposit amount reduced for filing appeals under GST Act to ease cash flow: maximum reduced to Rs. 20 crores CGST and SGST.
Appeal Filing Period:
• Amend CGST Act to start the three-month period for GST Appellate Tribunal appeals from a notified date.
Interest Burden:
• No interest on delayed return filing if amount is available in Electronic Cash Ledger on the due date.
Anti-Profiteering:
• Sunset clause from April 1, 2025, for new Anti-profiteering applications.
Reduction in TCS Rate by Electronic Commerce Operators (ECOs):
TCS rate by Electronic Commerce Operators (ECOs) reduced from 1% to 0.5% to ease financial burden on suppliers.
Exemption of GST on Extra Neutral Alcohol:
Amendment recommended to exclude Extra Neutral Alcohol from GST when used for manufacturing alcoholic liquor.
Amendment in IGST Act and CGST Act for Export Duty Cases:
Amendments recommended to restrict IGST refund in cases where export duty is payable.
Reduction in Threshold for B2C Inter-State Supplies:
Threshold reduced from Rs. 2.5 lakh to Rs. 1 lakh for reporting B2C inter-State supplies invoice-wise in FORM GSTR-1.
Monthly Filing of GSTR-7:
GSTR-7 to be filed monthly by TDS deductors without late fee for delayed filing of Nil returns. #gstindia
1 year ago | [YT] | 2
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Tales by 2 CA's
"Stay ahead of the game: Key tips to remember before filing your income tax returns." #incometax #taxseason
1 year ago | [YT] | 2
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