CA in Gurugram

01/07/2023

07/03/2023

होली की हर्षित बेला पर,
खुशियां मिले अपार |
यश,कीर्ति, सम्मान मिले,
और बढे सत्कार ||
शुभ-शुभ रहे हर दिन हर पल,
शुभ-शुभ रहे विचार |
उत्साह. बढे चित चेतन में,
निर्मल रहे आचार ||
सफलतायें नित नयी मिले,
बधाई बारम्बार |
मंगलमय हो काज आपके,
सुखी रहे परिवार ||
💦🌈💦🌈💦🌈💦
आपको और आपके परिवार को होली की अनन्त शुभकामनाऐं ।।
🌈💦🌈💦🌈💦🌈

01/02/2023

🌺 *Major Direct tax proposals (from speech)*

👉 1. Rollout of next gen ITR form
👉 2. New limit for 44AD & ADA : 3 crore & 75 Lacs
👉 3. Expense deduction to MSME to be allowed on payment basis
👉 4. New cooperatives manufacturing tax @ 15% if upto 31.03.24
👉 5. Higher loan limit /cash deposit Rs 2 lacs for PAC society -RDB
👉 *6. Startups:*
a) Date of incorporation for. startup extended to 31.03.24
b) Extension of CF losses 7 yrs in case of change in shareholders

👉 7. Selective scrutiny + More CIT to dispose off small appeals

👉 8. Extension of tax benefits for IFSC

👉 *9. Personal Income tax*
a) Tax rebate limit extended to 7 lacs (new regime)

b) change in tax slabs & new tax rates

0-3 L : Nil
3-6 L : 5%
6L-9L : 10%
9L-12L: 15%
12-15 L : 20%
15L +: 30%

c) Salaried class & pensioners(incl family pensioners) :
Standard deduction extended

d) Highest surcharge reduced from 37% to 25%
Now MMTR : 39%

e) Leave encashment exemption (pvt) increased from 3Lacs to 25 Lacs

f) New tax regime is now default tax regime -Old tax regime will continue.