Sumit Anshani

Perfect or no perfect 😃

@Dabro154 @CAAditiBhardwaj

@kochar_lokesh @hirenbhandari_ Thanks

@SumitAnshani @hirenbhandari_ tallysolutions.com/tally-prime-to…

Software companies are also facing the issue the are not giving proper reports like @tallysolutions

@kochar_lokesh @hirenbhandari_ @tallysolutions Is it free? Where can we find it?

@hirenbhandari_ @tallysolutions Install the specific tdl developed for tobacoo given by tally solution, it is giving perfect report

@CA_AmitShah In case of non resident partners, it’s 31.2%!!

TDS under Section 194T is an outcome of an idiot's brainchild! Even if it is required for transparency and to curb illegal adjustment then the rate should have been capped at 1%.

People who are giving "gyan" on data privacy for using AI to make our work easy should go and give that "gyan" to @MCA21India for leakage of all personal and corporate data to third parties. Before the COI comes in email SPAM calls start coming in. @nsitharamanoffc @nsitharaman

@CASatisharma Thank you🙏🏻

@SumitAnshani Hi Sumit! Thanks for this. I got this in a CA Whatsapp group and liked the idea so rephrased it a bit. Didn’t know the author so wasn’t able to give credit. I am updating last tweet for the credit. Thanks again 🙏🏻

March 31 just ended. Clients who hadn’t sent a document since October wanted everything done by yesterday. Articles working until 2 AM. Bills sent. Some unpaid. Some never raised. April 1 arrives. Everyone promises to get organised this year. Nothing changes. Same chaos next March. This is not a motivation problem. It is a workflow problem. 🧵 #SSpeaks #CAIndia #CAWithPurpose

@ValueWithPrem You wrote the exact same thing in December as well? Why not just retweet that tweet? For X payout? x.com/valuewithprem/…

You won’t get a bank locker unless you buy a ULIP or FD from us. Do whatever, Bank manager said. I used this trick and the same manager came home for the locker agreement.👇🏻

68 Lakh Ladli Bahan accounts closed in Maharashtra due to failure to complete "mandatory" E-KYC. 1. Why the accounts were opened without E-KYC? 2. Why & how much funds were transferred to these accounts without E-KYC? 3. Was it not an election gimmick at the cost of common man?

Income Tax Department continues to disappoint taxpayers and professionals every year. Despite various High Court observations and repeated expectations from stakeholders, the Income Tax Department has once again failed to release the ITR utility on the very first day of April. The Government is spending huge amounts of public money on bureaucracy and agencies like Infosys, yet timely delivery of such basic utilities still remains a challenge. Timely release of utilities is essential to ensure smooth compliance and avoid unnecessary pressure on taxpayers and professionals. Lekin.... Afsos Kis se hi asha rakh rahe hai hum

Dear @cbic_india @Infosys_GSTN @nir Even after providing latest light bill and index copy both, your officer named Kaushik babulal unagar harassing taxpayer in name of documents. He clearly violates the instruction 03/2025 issued by CBIC. Who gave him this extra vide power to harassing the taxpayer in name of compliance???? This is 3rd time taxpayer applying for gst number and uploading all correct documents and still he is issuing such baseless and senseless notices and order. Is this the knowledge level of your officers??? Is this the ease of doing doing business according to you ???? What is the point of issuing instruction if your decorated officers are not following the same while passing the order. Is CBIC issuing instruction just to gain attention of media or for ease of taxpayer??? Taxpayer mar raha hai aur officer ke gale me 50k ki salary se liya hua 20 tole ke sone ka chain hai. Puchhta hai bharat kya yahi nyay hai taxpayer ke saath ???????

@jitenkparmar No CA firm recommends tax harvesting on the last days! No one recommends to sell now & buy later, it’s always sell from one broker & buy from another on same day.

2 minute silence to all those who sold during last couple of days of last FY for tax harvesting and thought of buying back today. In fact, quiet a few friends had been advised by their CAs to do so (it's a fact, nothing against the CA profession-most of them are the brightest minds). I had over the years learnt to avoid doing these tax deferrment (yes, it's tax deferred, not saved) in the last few days of financial year. Last year markets went up a lot on Mar 30 onwards. This year market has gone up a lot today. The point is market can move violently during these days. If any tax harvesting is to be done (it's legal), one should finish before Mar 15.

@law_ninja I agree that CA firms need better workflow management systems, softwares and tools however the way the 31st March pressure or all other things are described, it’s as if everyone is running ram bharose!! It’s not like that, everyone uses some or the other tool / tracker etc!

March 31 breaks CA firms every year. Clients who haven't sent documents since October suddenly want everything done by tomorrow. Article clerks working until 2 AM. The CA himself not sleeping. Bills sent. Some unpaid. Some never even raised. Then April 1st arrives. Everyone promises to "get organized this year." Nothing changes. Same chaos next March. This is not a motivation problem. It is not even a time management problem. It is a workflow problem. India has 350,000 CAs. Most of them are running 80 to 120 clients on three things: WhatsApp, a shared Tally license, and memory. There is no system. There is just a CA who knows everything in his head and one article clerk who is paid Rs 8,000 a month to know the rest. The Big 4 are not running like this. Deloitte has workflow software. EY has AI tools for audit and tax research. They built data teams three years ago. The 330,000 smaller practitioners? Still collecting Form 16 via WhatsApp forward at 11:58 PM on July 30th. Here's the stat nobody talks about: India sent 36 lakh income tax notices in FY24. Most small CA firms have no system to track them. Notices sit. Deadlines pass. Penalties accrue. The CA finds out when the client calls angry. This is a solvable problem. The tools exist right now. A CA in Laxmi Nagar with 100 ITR clients and 30 GST clients needs exactly this: WhatsApp bot that sends document checklists before every deadline, automatically, to every client. No manual follow-up. Notice register that logs every IT communication, sets a response deadline, and sends a reminder 10 days before it expires. GST calendar that tracks which clients have filed and which haven't, updated in real time. Draft generator for standard notices. Reply in 20 minutes, not 3 hours. Cost: Rs 15,000 to build. Rs 2,000 a month to run. Return: 4 hours saved per client per tax cycle. One less article clerk. Zero missed notices. Three months of March chaos compressed into something manageable. The person who builds this for CA firms is not a CA. Is not an accountant. Does not need a finance degree. Needs to understand how a CA firm actually works, which any person who has done articleship or worked in one for a year already does. And needs to know how to connect tools and automate a workflow. That combination is rare right now. It will not stay rare for long. There are 60,000 CA students clearing exams every year. Most of them will spend 3 years in articleship doing manual work that a Rs 2,000 tool can already do. The ones who learn to build these workflows instead of just running them will not be competing for article clerk jobs. They will be building the practices of the future, their own or someone else's. If you are in articleship right now and wondering what your edge is, this is it. Learn it in the next 3 months. Walk into 5 CA firms after. Your career never looks the same again.

I demanded in Parliament that PATERNITY LEAVE should be a legal right in India. When a child is born, both parents are congratulated. But caregiving responsibility falls on one. The mother. A father should not have to choose between caregiving for his newborn and keeping his job. And a mother should not have to go through childbirth & recovery without her husband’s support Right after childbirth the woman, needs her husband’s presence the most. The husband’s caregiving responsibility towards his wife is equally important. I raised this issue in Parliament because caregiving is a shared responsibility. Our laws must reflect that.

We need a system where every time a vehicle hits a pothole, a small compensation is automatically credited to the owner’s bank account for maintenance.

@cryptowalax @WadhwaniCa

HDFC Bank chairman resigned citing “ethics.” Reason: Bank mis-sold Credit Suisse AT1 bonds to NRI clients as safe investments. Money went to zero. 3 senior executives fired. Dubai branch banned by regulators. ₹1 Lakh Crore wiped in 7 days. This is India’s largest private bank. #HDFCBank #BankFraud #AT1Bond

Retweet this tweet if you also want this in India

@pvsubramanyam If a resident individual earns ONLY 4.25L from LTCG on sale of Equity Oriented Mutual Fund & doesn’t have any other income. It’ll get covered under slab & he’ll not have to pay any tax.

If a person earns Rs. 4.25L how much of Income tax will he pay if this is from LONG TERM CAPITAL GAINS by sale of Mutual funds? Equity mutual funds I mean

@Sanjay__Bakshi @WadhwaniCa

Not that simple.

it is amazingly stupid what the govt is doing. Aadhar wants full address with thousands of characters -totally unnecessary from a courier point of view. However PAN gets rejected because Aadhar address is too long. @nsitharamanoffc -your index finger doesn't know what the middle finger is doing?