Gupta Saurabh & Co., Chartered Accountants

🎯 We're Hiring: Chartered Accountants & Semi-Qualified CA (6-Month Engagement)

Dear Prospective Candidates,

We are seeking talented accounting professionals for an exciting short-term engagement with our CA firm in Gurgaon. You will work with a leading Mumbai-based corporate client, gaining valuable exposure to large-scale accounting operations.

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📍 POSITION 1: Chartered Accountant (CA)
Experience Required: 1-2 years

📍 POSITION 2: Semi-Qualified Chartered Accountant
Experience Required: 3 years

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📌 KEY RESPONSIBILITIES:
• Monthly closing and financial consolidation for a multinational corporate
• GST compliance and advisory
• Statutory audit support and documentation
• Reconciliation and analytical review procedures
• Preparation of financial schedules and disclosures

💡 EXPOSURE & LEARNING:
• Work on monthly closing procedures of a large corporate
• Understand best practices in financial reporting and compliance
• Hands-on experience with complex accounting matters
• Professional development under experienced team guidance

🎓 DESIRED QUALIFICATIONS:
• Chartered Accountant or Semi-Qualified CA (as applicable)
• Excellent English communication (written & verbal)
• Strong proficiency in MS Excel and Word
• Prior exposure to GST compliance and returns
• Ability to work independently and in teams
• Willingness to travel to Mumbai occasionally

🏢 ABOUT THE ROLE:
• Location: Gurgaon (Based at our office)
• Client: Reputed Mumbai-based corporate
• Duration: 6 months (Fixed-term contract)
• Occasional travel to Mumbai required

💼 WHY JOIN US:
✓ Exposure to a major corporate accounting environment
✓ Direct interaction with senior finance teams
✓ Enhancement of technical and practical skills

💼 Remuneration
Commensurate to the experience and industry standards.

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📧 HOW TO APPLY:
Interested candidates are requested to share their CV and details at below link:
https://forms.gle/BKExsgfotVvzpAFh9.

ℹ️ Note: Only shortlisted candidates will be contacted for interviews.

🔗 Apply now and be part of a dynamic accounting team!

File updated ITR U before 31.03.2026

Additional tax rates
AY 24-25 - 25%
AY 23-24 - 50%
AY 22-23 - 60%
AY 21-22 - 70%

Important Update on ITR-U (Updated Return)
Taxpayers can now file ITR-U by paying an additional tax of 25%, to correct any errors or omissions in the original Income Tax Return for FY 2024-25.

Even assessees who failed to file their ITR earlier can regularise their compliance by filing ITR-U.

This is a good opportunity to update income details, pay due taxes, and avoid future notices or penalties.

Important Update on ITR-U (Updated Return)
Taxpayers can now file ITR-U by paying an additional tax of 25%, to correct any errors or omissions in the original Income Tax Return for FY 2024-25.

Even assessees who failed to file their ITR earlier can regularise their compliance by filing ITR-U.

This is a good opportunity to update income details, pay due taxes, and avoid future notices or penalties.

Wishing you and your dear ones a Very Happy, Healthy, Safe Diwali and Prosperous New Year!

🪔🪔🪔🪔🪔🎉🎉

📢 Reminder for Taxpayers
The due date for payment of 2nd installment of Advance Tax (FY 2025-26) is 15th September 2025.

✅ Avoid interest and penalties under sections 234B & 234C.
✅ Ensure timely payment through net banking or authorised bank.

💡 Plan your cash flows and keep compliance stress-free.

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TCS on Sale of High-Value Goods – Effective from 22nd April 2025

As per the new CBDT notification, if a seller receives more than ₹10 lakhs from a buyer for the sale of certain goods, they must collect 1% TCS (Tax Collected at Source) from the buyer.

Applicable Goods: The specific goods notified (list in the notification)

Threshold: Payment exceeds ₹10,00,000 from a buyer in a financial year

TCS Rate: 1% of the sale amount

Effective Date: 22nd April 2025

Filing the right Income tax form is as critical as filing on time. Avoid defective returns, stay compliant, and file smart.

Under Section 194IB of the Income Tax Act, individuals or Hindu Undivided Families (HUFs) who are not subject to tax audit and pay monthly rent exceeding ₹50,000 are required to deduct Tax Deducted at Source (TDS) at a rate of 5%. This TDS should be deducted in the last month of the financial year (i.e., March) or the last month of the tenancy, whichever is earlier. The deducted TDS must be deposited to the government using Form 26QC within 30 days from the end of the month in which the deduction was made. Therefore, for deductions made in March 2025 (pertaining to FY 2024-25), the TDS should be remitted by 30th April 2025.

It's important to note that the Union Budget 2024 proposed a reduction in the TDS rate under Section 194IB from 5% to 2%, effective from 1st October 2024. However, this change applies to transactions occurring on or after that date.

Friends, do remember to remit the TDS on House Rent payable exceeding Rs.50,000/- per month in respect of all assessees who are not required to deduct the TDS compulsorily as per the provisions of Income Tax Act 1961 for FY 2023.