Kalantri and Associates

🏏 Team KAA Premier League Season 2 - Where Team Spirit Meets Fun!

What an amazing experience of our office tournament!

It wasn’t just about winning matches—it was about collaboration, energy, and true team spirit. From cheering teammates to celebrating every small victory, the enthusiasm on and off the field was incredible.

Moments like these remind us that strong teams aren’t built only during “audits”, but also on the field—with trust, coordination and a lot of fun!

Proud to be part of a team that works hard and plays harder. 💪

We’re excited to share that our Founder Partner, Mr. CA Apurv Kalantri will be one of the speakers at the upcoming Full Day Students Seminar on Income Tax organized by the WICASA Branch of Nashik ICAI.

🗓️ Date: Saturday, 12th July 2025
🕙 Time: 10:00 AM to 5:00 PM
📍 Venue: ICAI Bhavan, Ashoka Marg, Nashik

This is a great opportunity for CA students and CA firm staff members to gain valuable insights and enhance their professional knowledge.

✅ Don’t miss out — register now and make the most of this enriching session!

Registration Link: https://forms.gle/sQbVSRYpyNb9k3mG8

We’re excited to share that our Founder Partner CA Apurv Kalantri will be one of the speakers at the upcoming Full Day Seminar organized by the WICASA Branch of Nashik ICAI.

🗓️ Date: Saturday, 17th May 2025

🕙 Time: 10:00 AM to 5:00 PM

📍 Venue: ICAI Bhavan, Ashoka Marg, Nashik

This is a great opportunity for CA students and CA firm staff members to gain valuable insights and enhance their professional knowledge.

✅ Don’t miss out — register now and make the most of this enriching session!

Today our Article Assistant, Ms. Havilah Wesley led an insightful and comprehensive session on the Set-off and Carry Forward of Losses under Income Tax – a topic crucial for income tax.

The discussion covered:

🔹 Restrictions on Intra-head and Inter-head set-off of losses

🔹 Key provisions related to the carry forward of losses

🔹 Practical applications tied to real client scenarios

To deepen understanding, a practical case study was shared, allowing the team to grasp the nuances with clarity and relevance.

👏 A big round of applause to Ms. Havilah & Team Kalantri and Associates for making this technical topic both accessible and engaging. Your efforts in bridging theory with practice are truly commendable!

Today our Article Assistant, Ms. @havii_707 led an insightful and comprehensive session on the Set-off and Carry Forward of Losses under Income Tax – a topic crucial for income tax. The discussion covered: 🔹 Restrictions on Intra-head and Inter-head set-off of losses 🔹 Key provisions related to the carry forward of losses 🔹 Practical applications tied to real client scenarios To deepen understanding, a practical case study was shared, allowing the team to grasp the nuances with clarity and relevance. 👏 A big round of applause to Ms. Havilah & @kalantri_and_associates2012 for making this technical topic both accessible and engaging. Your efforts in bridging theory with practice are truly commendable! #incometax #knowledgesharing #taxation #professionalgrowth #teamlearning #learnwithkaa

There was a lot of confusion around the documentation needed for GST registration. Every Officer had presumptive demands like PAN/Aadhaar of the premises owner, compulsory registered rent agreements, and rejection of consent letters from relatives or spouse.

Thankfully, the latest GST Instruction issued by CBIC has brought much-needed clarity! 🙌

This move is a step forward in easing the process of doing business in India.

Important change in MSME classification w.e.f. 01st April 2025

15th March is last date for payment of fourth/last instalment of Advance Tax for AY 2025-26.

Paying appropriate amount of advance tax helps to save interest.

The 55th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Jaisalmer, Rajasthan on 21-12-2024.

Recommendations of the 55th Meeting of the GST Council:

GST Council recommends reduction in GST rate on Fortified Rice Kernel (FRK), classifiable under 1904, to 5%.

GST council also recommends to fully exempt GST on gene therapy.

GST Council recommends exemption of GST on contributions by general insurance companies from third-party motor vehicle premiums for Motor Vehicle Accident Fund.

GST Council recommends no GST on transaction of vouchers as they are neither supply of goods nor supply of services. The provisions related to vouchers is also being simplified.

GST Council clarifies that no GST is payable on ‘penal charges’ levied and collected by banks and NBFCs from borrowers for non-compliance with loan terms.

GST Council recommends reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves only penalty amount.

Our Articled Assistant Ms. Aishwarya Deore deliberated on an important topic :

"Filing of Annual Return in GST"

All the required information in each Table of the Annual Return was explained by her in a detailed manner and intricacies involved were discussed by all the Team Members of Kalantri and Associates.

Well done Aishwarya & Team 👏👏