Seenu Srinivas

@CAChirag Updated one: Calculation of Marginal Gain (of selecting new Tax over old Tax) at different returns & different purchase years. *Surcharge&Cess not considered

@aviiiiii31 😂😂😂

A tough competition for ankur warikoo

Dear @IncomeTaxIndia, one of my client has Income tax self assessment tax challans for paid AY 2023-24 missed to be utilised at the time of filing ITR. how can we try to help him out? we already tried multiple visits to AO, but no help from his side.

@DEEPKORADIA @cbic_india @GST_Council @TaxationUpdates srinivasvhv@gmail.com

RCM under GST - Master Chart (For FY 2026–27) Covers all RCM entries with HSN/SAC, GST rate, relevant exemptions - in a simple tabular format. 💻 Must-have for daily use - keep it handy on your desktop! 👥 Includes effective date for each entry - useful for past adjudication & audits for CAs, tax professionals, staff, accountants & finance teams 🖨️ Want high-resolution, print-ready PDF/JPG? Follow and comment your mail ID — we’ll share it 👍

@R_N_Vaghani Thanks for the info @R_N_Vaghani madam is this personally tested by you/ your peers or taken from internet?

7. Analytics & Insights: -

🧠AI Tools For CA - Thread🧵👇 1. Accounting & Bookkeeping: -

@Manu_Sisti @NavalismHQ AI

The most underrated money-making AI tool on the internet: Ideogram AI. I shared it with a single mom... she now makes $4,000/month working 1 hour/day. Like + reply 'AI' and I'll send you my full guide I shared with her for FREE. Must follow me to get guide in DM. Free for 24 hours only.

@ADA518452561691 @R_N_Vaghani there are many people who doesn't have information in 26AS, TIS, AIS. for them it is useful

@R_N_Vaghani My CA says let AIS , 26 AS get Updated by 25 th June then only file return to avoid mis match What is the use of utility released so early except for companies who are making software

🚨 Attention Professionals & Taxpayers Today is 3rd April, and the Income Tax Department has still not released the ITR utility. Later, when the portal does not function properly near the due date, the entire blame will be shifted to taxpayers and professionals with statements like “you already knew the due date” or “you should have filed early.” Etc Etc Instead of raising your voice on the last date, raise it strongly now and urge the department to release the utility immediately. Use #ReleaseITRUtilityNow to make your voice heard. Remember, if we do not raise our voice today, the blame will once again be shifted to us at the last moment. Let us come together and make our voice stronger.

@PratibhaGoyal Cool, I was thinking about the same. Thanks

- For Financial Year 2025-26, assessment will take place as per Income Tax Act 1961 and not Income Tax Act 2025. - Thus ITR Forms will be as per Income Tax Act 1961 as amended by Finance Act 2026. - That's why you will find Assessment Year, Previous year and not Tax Year!

@Bajaj_Finance @Bajaj_Finserv issue not resolved by SR being closed abruptly.

@Bajaj_Finance sent a DM to you complaining non response from the relationship manager, then a person called me & heard all stories,asked me to wait. now the SR is closed without any action. pathetic NBFC. @Bajaj_Finserv

@DeepakK10102017 @CAHimankSingla As per my understanding, there is no donation option available for 80G. Correct me if I’m wrong

@CAHimankSingla What about 80G??

INCOME TAX CIRCULAR BREAKING: CBDT issues Circular 01/2026 clarifying that the jurisdictional PCIT/CIT is the competent authority to condone delay in filing Form 10A for registration u/s 12A(1)(ac)(i). ✅ This removes ambiguity that existed due to CPC Bengaluru being the authority for issuing registration. ✅ The circular further provides that this relief will apply to all cases where Form 10A was filed late and condonation applications are pending or filed on/after the date of the circular, ensuring that eligible trusts are not denied registration benefits merely due to procedural delays. Thankyou @IncomeTaxIndia

@TaxationUpdates @IncomeTaxIndia Tremendous work sir, Thanks

🚨 Before you open the New Income Tax Portal — READ THIS FIRST. I've mapped out every major feature with direct links. Bookmark 🔖 | Share 🔁 | Save your clients hours of confusion. Website → incometaxindia.gov.in @IncomeTaxIndia 🧵 Thread (1/n)

@abhishekrajaram Nice presentation sir

💸 Smart Payments: Use "Payment Towards Demand" for Auto-Adjustment Pay via the portal's "Payment towards Demand" feature? It auto-links to the Demand ID and adjusts in the register. Seamless! But DRC-03 payments? They skip this step—causing appeal hiccups. The Taxpayer made payments using DRC-03 during Search or Inspection. How much of this is voluntary? Everyone knows it. Later, DRC-07 is issued confirming the demand. Now, to file an appeal against such an order, you need to pre-deposit, but your DRC-03 is much higher than the pre-deposit, but the system does not recognise this payment through DRC-03 automatically. This is the basic grievance, and that's why this advisory.

😩 Taxpayer Complaints: "I Paid Already, then Why Ask Again?" This is a genuine complaint by Taxpayers while filing an Appeal. Taxpayer voluntarily deposited money via Form GST DRC-03 during a search or inspection stage, only for the GST portal to demand the full pre-deposit again when filing an appeal against a demand order (like DRC-07). Sound familiar? It's a headache that's left many overpaying or stuck in limbo.

@rohitjain2021 @abhishekrajaram Hi srinivasvhv@gmail.com

Hi Twitter family I have developed a Pdf to Excel bank statement convertor tool using Claude I want few people to test it This is completely offline tool No need of internet to use it If Interested Comment Hi and share your mail id in DM Will share demo file with U for feedback

@abhishekrajaram Sir, what is this software ? or online access for GST law?

RCM in GST Goods (Notification No. 04/2017-CT(R)): Includes unshelled cashew nuts, Tendu leaves, tobacco leaves, raw cotton, and silk yarn when supplied by agriculturists to Registered Persons. It covers Priority Sector Lending Certificates transfers between banks, attracting 18% GST under RCM. Services (Notification No. 13/2017-CT(R)): Includes legal services by advocates and sponsorship services. GTA Services: A transporter qualifies as Goods Transport Agency only when issuing a "consignment note." Security Services: RCM applies to physical security personnel deployment by non-body corporates. Technology-based security systems are exempt from RCM.

@ca_shridhar @Vyapar_Taxone Link

Honestly, the most exhausted professionals I meet today are not business owners, they are CAs and accountants! Not because the work is difficult, but because so much of it is still manual. From Bank entries, GST data, notices, reminders… one small mistake and the entire day is spent fixing it! During deadlines, Excel stays open while the mind shuts down! The funny part? It’s 2026, but the way the work is done still feels like 2015. And the truth is a CA’s real job isn’t data entry, it is decision making and compliance clarity. The people who have made even a small system change are doing the same work today… just with half the stress. If you are a CA or an accountant who wants to move away from manual accounting, comment “LINK”. I will share the system that makes the work simpler for you.

@cadeepakgupta_ srinivasvhv@gmail.com

We’re living in the AI era, yet many professionals still spend hours on manual work. Downloading ITRs one by one? AI can automate this completely - unattended, accurate, and fast. Want to learn how? Join my FREE Masterclass: Automate CA Practice with AI Tools 📅 25 Jan 2026 | ⏰ 11 AM Comment your "EMAIL ID" for the link

@abhishekrajaram Don't we have any issues to be solved? it is like giving some advise just for the sake of giving

Should married couples be taxed together? The Institute of Chartered Accountants of India (ICAI) has proposed an optional joint taxation scheme for married couples as part of its pre-Budget recommendations for the Union Budget 2026-27. What are your views?

@AshishMeher7 Just click on grok symbol, ask the issues in this so called tax saving jumla and see grok giving many reasons this won’t work. No need to go to CA& waste his professional time. Also, brother don’t degrade other professional to get hype for you: create a value for you on your own

Most people in India don’t know this… but there is a completely legal way to drive a brand new Creta EV for almost free. Yes, free. And people have been using this trick for years. Here is how it works. Step 1 Do not buy the EV in your own name. Buy it in your company’s name on a loan. Step 2 Put only 4 lakh as down payment. Take the 16 lakh you would have spent upfront and invest it in mutual funds at around 12 percent returns. Step 3 Since it is an EV, your company can claim 40 percent depreciation every year plus the interest paid to the bank. In 5 years, that is around 22.5 lakh written off the books saving nearly 6 lakh in taxes. Step 4 After 5 years, the car’s book value drops to about 1.5 lakh. Your company sells it to you at that book value. This is completely legal and fully audit proof. Step 5 You now own it personally. Sell it in the open market for around 10 lakh. The gains are tax free because it is now your personal asset. Meanwhile, the 16 lakh investment has grown to about 28 lakh. Even after interest and inflation, that is still a profit of around 4 lakh. Add the 10 lakh resale. Add the 6 lakh tax savings. Across 5 years you practically drove that Creta EV for free. Genius tax planning or a trick your CA never told you? Follow @AshishMeher7 for more such useful money saving updates.

@BhagatSingh2025 @PratibhaGoyal Yes, he can get a good livelihood, provided he is placed under good work environment.

@PratibhaGoyal Salute his determination! But why spent so much effort to become a CA with this disability? Is there anyone who is offering him permenent job with good salary? How will he compete with other CA's? If he gets a livelihood due to CA degree then SUPER. Else, i am speecless.

Here is an extraordinary Story of Sreekumar P R, who qualified CA Exams! Hope he motivates You!

@AbhasHalakhandi Thank you sir @AbhasHalakhandi

@Seenu73 x.com/abhashalakhand…

🚨Tax Audit and ITR Date Extended !! Audit Date - 10th Nov Audited ITR - 10th Dec 💥💥 #CBDT #ITRExtension