The Bhavik Soni
@cabhaviksoni
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Fellow @theicai | Entrepreneur | Decoding GST, Income Tax & Audits | Numbers & Growth—My Game | Helping Businesses Stay Tax-Efficient & Audit-Ready | Cricket 🏏
Gujarat, India
Joined June 2014
To all the doors that closed on me: I'm coming back to buy the building.
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@FinMinIndia @normaltrader06 @normaltrader06 Sir please help what to do ? As per your advice, i followed up timely to the client on mails, whats app and what not, and get the data for my working. How can i file the returns in time so I should not cry on last minute ? Please help sir. 🙏🙏
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Honorable @FinMinIndia I want to finish my work well before time but your department has not issues GSTR 9/9C forms even after 6 months of the completion of FY 2024-25. Dear @normaltrader06 enlighten me what to do ? This time with full planning and execution skills !
Let me tell you one thing which I have not shared with my followers yet. Personally I am also a CA and I do fill many returns even though I am into full time business and trading. Most of the CAs cry last minute (even the senior ones) shows how mass CAs lack planning and
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Many wrongly treat F&O Absolute P&L as a turnover for Tax Audit. This is just for deciding to audit applicability (10Cr limit). Use proper calculation, decide audit need, and STOP there. Report actual P&L in ITR as per books/data sheet. Refer ICAI note for clarity. 👇
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Decoding #TaxAudit u/s 44AB(e):44AD Myth vs Facts
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@TaxationUpdates @cabhaviksoni No of bookmarks are more than likes and reposts tells you the importance of this particular clarification
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The TDS cousins - 194I, 194-IA, 194-IB and 194-IC
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🚨 @theicai has mandated a new F.S. format for Non-Corporate Entities w.e.f FY 2024-25 One key question — Is the Cash Flow Statement mandatory for Non Corporate Entities? Read Insightful article by @hirenbhandari_'s based on AS-3 & Guidance Notes 👇 https://t.co/t5fvLG63S1
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Sat Sat Naman 🙏🏻
They’ve travelled over 94,000 km across India, Nepal, Bhutan & Myanmar on a 25-year-old Bajaj Chetak—just a mom, her son, and a scooter full of memories. After losing his dad, Krishnakumar quit his job to fulfil his mom’s dream of seeing the world. One scooter. Two hearts. A
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Dear @theicai, a humble request as a member from Tier 2/3 CA community 🙏 📌 Most MSMEs in Tier 2/3 cities still prepare T-format financials without comparative data. 📌This format is legally valid, understood by stakeholders & does not compromise the true & fair view.
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Congratulations to Maruti Suzuki India for achieving a 5-⭐⭐⭐⭐⭐ Bharat NCAP rating for the All-New Dzire — a proud milestone for Made-in-India cars. It's heartening to witness mainstream models setting new benchmarks in vehicle safety. Encouraging too is the brand’s swift
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हमारे Great Leader मोदी जी की सेवा और राष्ट्र की ओर उनकी यात्रा। भारत माता की जय!
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Today, Rafale jets & S-400 systems shield India in the war with Pakistan! Yet, some opposed both deals, calling PM Modi 'Chowkidar Chor Hai.' Choose leaders wisely—I’m proud of my PM for securing our nation! #Rafale #S400 #ChooseWisely #ProudIndian
@adgpi
Chowkidar Chor Hai.
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Also If you want me to explain why I said to exit during Sept end and october first week, Just repost and like. If I get 100 likes and 60 repost, I will explain everything in one post which will blow up your mind and you will understand how geopolitical cash flow works.
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Wishing you a very Happy Women’s Day, @kuttrapali26 ma’am! 🙌 In a world full of noise, you stand out with honesty, wisdom, and humility—never making fake promises, embracing failures, and always guiding small investors selflessly. A true leader and inspiration! 🌟💐 #WomensDay
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@CAHimankSingla Wrong interpretation. Audit is applicable only if you opt sec 58 (44AD/ADA) and declares profit lower than the deemed profit in next 5 years AND his total income exceeds maximum amount which is not chargeable to tax. Refer 58(8) Cont 👇
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For properties sold by NRIs: 💰 TDS = 12.5% + Surcharge + Cess. Effective TDS rates: 🟢 Up to ₹50L: 13% 🟢 ₹50L–₹1Cr: 14.3% 🟢 Above ₹1Cr: 14.96% Indexation benefits now apply ONLY to properties held by Indian residents. #TDS #NRIProperty
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https://t.co/CfYun0lHBc Imp update for property transactions with NRIs! 🏠 From 23/07/2024, TDS on the sale of property by NRIs is 12.5% (due to the end of indexation benefit in Union Budget 2024). This replaces the earlier 20% rate with indexation. 👇
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