Damacharla

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📢 Important MCA Update for Directors! The Ministry of Corporate Affairs (MCA) has introduced significant changes to the DIR-3 KYC compliance framework with the objective of simplifying regulatory requirements and enhancing ease of compliance for Directors. 🔹 Key Highlights of the Amendment • Directors holding a DIN as on 31st March of a financial year shall now be required to file Form DIR-3 KYC Web once every third consecutive financial year, on or before 30th June. • Any change in a Director’s mobile number, email ID, or residential address must be updated within 30 days through DIR-3 KYC Web along with the prescribed fee under the Companies (Registration Offices and Fees) Rules, 2014. • Form DIR-3-KYC and DIR-3- KYC-Web has been substituted with Form DIR-3 KYC Web. •These amendments shall come into force from 31st March 2026, vide Notification No. G.S.R. 943(E) dated 31st December, 2025. These measures aim to strengthen corporate governance while reducing repetitive compliance burden for directors. 🔹 Illustrative Scenarios Illustration 1: Where a DIN is allotted during the FY 2025-26, Form DIR-3 KYC Web shall be filed once every three consecutive financial years. Accordingly, the first filing shall be due from April 2029 to June 2029, and thereafter every third financial year. Illustration 2: Where a Director already filed DIR-3 KYC Eform /DIR-3 KYC Web for the FY 2025-26 i.e. where DIN allotment date is on or before 31 March 2025, no filing shall be required for FY 2026-27 and FY 2027-28, provided there is no change in KYC particulars. Accordingly, first filing in such case shall be due from April 2028 to June 2028. Illustration 3: Where a DIN is allotted on 1 January 2026 [FY 2025-26] and the Director updates the mobile number, email ID, or residential address in FY 2027-28 by filing DIR-3 KYC Web, the three year compliance cycle shall be reckoned from the FY 2025-26 in which the DIN is allotted. Accordingly, the next DIR-3 KYC Web for KYC compliance shall be due from April 2029 to June 2029. Any updation made in FY 2027-28 will not impact the cycle for KYC compliance.

UDIN website not working... MCA V3 not working... GSTR-9 & 9C are pending... Income Tax Deptt sending Notices to assessees for Foreign Assets disclosures & ITR-U etc. GST FY 2021-22 scrutiny cases deadline.. Belated ITR due date not being extended in consonance with original ITR date extensions... Happy New Year in advance, my professional friends... 💔🥹 Practice was not meant to be this difficult and draining...

New day. New drama by @IncomeTaxIndia Now, if an employee hasn't reported any deduction claims to employer but has claimed those in ITR, does that mean he is a tax evader ? Assessees claiming genuine deductions are receiving this email treating them as tax evaders and creating panic! Also, when will @IncomeTaxIndia serve Notice on the MLA who lit up Rs. 70 lakhs worth firecrackers on a wedding ? Probably never!!

The @icsi_cs has submitted a representation to @MCA21India seeking an extension of due dates for annual return filings due to persistent technical glitches. Post introduction of MCA V3, tasks that earlier took 30 minutes now consume 4 hours or more. Instead of simplifying compliance, the portal has become a challenge for professionals. We respectfully urge the MCA to grant an extension in the interest of professionals and industry. There is no intention to delay—only genuine system constraints. #MCA21 #CSTwitter #EaseOfDoingBusiness #ExtendDueDates #MCAv3

GSTR-9 & GSTR-9C due date should be extended to 31st January 2026. MCA Annual Filings wavier of additional fees should be extended to 31st March 2026. RT if you agree.

FAQs on GSTR 9/9C for the FY 2024-25!

🚨No More Section 44AD Now Its Section 58

12,000 jobs cut But here’s the real question Can cost-cutting outpace the need for upskilling in a tech giant like TCS? 🤔📊

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R.I.P McKinsey. You don’t need a $300k consultant anymore. You can now run full competitive market analysis using Grok 4. Here are the exact 3 mega-prompts I use to replicate McKinsey-style insights for free:

Can’t reiterate enough. #incometax #ITRfiling #taxrefund

50LPA salary = luxury. 5LPA dividend = peace.

Glad to have sticked with #Zerodha for the last 9 years #Investing

✅ The RUN AWAY Indicator❓ -The Indicator which mostly DON'T FAIL - I just coined this funny term to explain a basic concept in an easier way. ✅ When to RUN AWAY from the stock( Don't invest ,be Cautious or EXit ) : 1. Promoter Pledging: If promoter shares are heavily pledged, it often signals financial stress. ( Above 50% pledged shares, be extra cautious ) 2. Auditor Resignation: When an auditor quits abruptly, it usually points to accounting red flags 3. Frequent Top Management Exits, CEOs and CFOs leaving too often?: Something’s brewing behind the scenes. They may be knowing something which we don't know and that's why they may be leaving the company 4. Negative Free Cash Flow: Profits mean nothing if the company isn’t generating cash. Though sometimes companies in early stage/ fast growing/ Capex-Heavy companies may may have negative cash flow and can still grow 5. Dubious Related Party Deals: Unusual transactions with group companies can be ways to siphon off money. 6. SEBI or Regulatory Trouble: Ongoing investigations or fines are big warning signs. 7. Rising Receivables: If sales go up but cash doesn’t, it might be because of cooked books. 8. Weak Corporate Governance: Lack of transparency, delayed results, or weak board = bad governance. 9. Operator Activity: Wild price moves without news? Be cautious of manipulation. 10. Overpromising Management: Big talk, no delivery? Credibility takes a hit and it signals management might be planning an exit. 11. Complex Holding Structures Layered subsidiaries, foreign entities, and off-balance sheet items often hide liabilities or round-tripping. 12. Auditor Change Before Annual Results Changing auditors just before final results is often done to avoid scrutiny. 13. Promoter Selling or Reducing Stake Consistent selling by promoters, especially without clear reasons, shows lack of confidence in their own business. 14. Dividend Announcements Without Cash Flow Paying dividends despite poor cash flows could be a desperate attempt to maintain investor trust. 15. Huge Capital Work-in-Progress (CWIP) for Years: Delayed projects and rising CWIP may be masking poor capital allocation or fraud. 16. Sudden Shift in Business Model: Frequent or drastic changes in the business model show lack of clarity or desperation. 17. Extraordinary Other Income: A company relying heavily on “other income” instead of core operations is a major concern. 18. Excessive Promoter Salary or Perks: If promoter pay is out of line with company size or profits, it’s a red flag on governance. 19. Dubious Investor Presentations: Flashy presentations with no hard numbers, unrealistic projections, or inconsistent narratives. 20. Social Media Pumping: -If the stock is heavily promoted on social media by by unverified accounts, promoters, tipsters, especially in micro/smallcaps, there is a high risk of operator activity. - If the promoters spend too much time on Social Media promoting the stock, then it can be a warning sign. Did oyou notice any such activity or combination of activities in any stock? Kindly SHARE & REPOST

Food inflation 10% Medical inflation 15% Education inflation 15% Rent Inflation 12% Yet CPI is 6% and FD rate 7%. Debt is designed to keep you poor.

Started job with 75k pm in 2012. Stopped job at 3.5L pm in 2022. Saved aggressively and invested in equities (stocks + MF). Anyone can use this template to gain FIRE.

#TechStocks All my tech fund is parked in US market, Indian IT is service dominated therefore whenever I say QuantumComputing, Robotics, AI etc. It is always be in context of US stocks, please refrain asking me question about which indian company is working on these tech. None!

Building personal conviction is key to long-term wealth creation. Relying on borrowed conviction can lead to impulsive decisions, whereas having your own conviction helps you ride out market fluctuations & stay committed to your investments ! #Investing #WealthCreation

CBDT extends due date for determining amount payable as per column (3) of Table specified in section 90 of Direct Tax Vivad Se Vishwas Scheme, 2024 from 31st December, 2024 to 31st January, 2025. Circular No. 20/2024 dated 30.12.2024 issued incometaxindia.gov.in/news/circular-…