Y Sharma & Associates Chartered Accountants

🚨Marginal Relief under New Regime

The ₹12 lakh rebate under the New Tax Regime does not disappear immediately.
Marginal relief gradually phases out the benefit, and it is fully exhausted only at ₹12.75 lakh taxable income (or ₹13.5 lakh salary for salaried individuals).

Many congratulations to Hon'ble Prime Minister Shri Narendra Modi ji Narendra Modi jion becoming the longest-serving Prime Minister of India. Over the past decade, has grown in stature and confidence on the global stage like never before. Having travelled extensively around the world, I can say from personal experience that the respect and recognition India commands today is truly remarkable. There is a new sense of pride in being Indian. Wherever you go, India is seen as a nation of strength, ambition and leadership. Much of this transformation has been driven by the vision and leadership of our Hon'ble Prime Minister. Wishing you continued success as you lead the nation towards even greater heights. Congratulations, Sir. 🙏🇮🇳

Fire Tragedy

: & Family*

CA community mourns the loss of CA Vivek Agarwal, 47, and 7 family members who perished in the Malviya Nagar hotel fire on June 3, 2026. The Gurugram-based CA was in Delhi with his wife, daughters Jivisa & Pearl, mother, and relatives to visit his hospitalized father. All 8 died in the tragedy that claimed 21 lives.

We pray for strength to his father, Shri Radhe Shyam Agarwal, the sole surviving member of his immediate family. Om Shanti.🙏

Regards
Y sharma

Happy Holi

The duty free allowance for Indian passengers returning to India has been increased to 75000 from the previous 50000
Also 1 new laptop is allowed to be imported duty free

🚨 TDS Alert 🚨
From 1️⃣ April 2025, firms/LLPs must deduct TDS @10% u/s 194T on payments to partners (salary, remuneration, interest, bonus).
Threshold: ₹20,000 per FY.